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52
GNL
2022 Dec 30, 7:04am
GNL
2022 Dec 30, 7:04am
FortwayeAsFuckJoeBiden says
Can you explain this in more detail please?
DD214 says
Anytime you are dealing with someone who works on or for a commission , there is a built in conflict of interest between you and them.
flip the commission by giving % of saved from target price. double the rate.
they get 2-3% from sale price. make it 4-6% of saved.
master negotiator skill
Can you explain this in more detail please?
53
GNL
2022 Dec 30, 7:05am
GNL
2022 Dec 30, 7:05am
HeadSet says
I meant to ask that to comment #40.
GNL says
Explain further please?
I thought the meaning was obvious. A woman who falls on hard times but pulls herself up even with "demeaning" jobs like stripper, Keno Writer, sewer cleaner and the like, is more deserving of respect that a woman who uses her child as a meal ticket for an idle life.
I meant to ask that to comment #40.
54
GNL
2022 Dec 30, 7:06am
GNL
2022 Dec 30, 7:06am
richwicks says
^^^^^^^^^^^^^^^^^^^
WookieMan says
Not with kids in the car but I'll have a couple beers nightly and more on the weekend. And yes, I've driven.
Don't drink and drive.
If you killed somebody, you'll want to kill yourself. Just don't bother with it. Sleep it off in the car, or take a taxi, or walk. Imagine if you caused an accident, or even were just involved with an accident that wasn't your fault, and a child died? If you're intoxicated, you're fucked either way, and even if the accident isn't your fault, you could have possibly prevented it if you were sober.
^^^^^^^^^^^^^^^^^^^
55
GNL
2022 Dec 30, 7:07am
GNL
2022 Dec 30, 7:07am
GNL says
I meant to ask that to comment #40.
richwicks says
WookieMan says
Not with kids in the car but I'll have a couple beers nightly and more on the weekend. And yes, I've driven.
Don't drink and drive.
If you killed somebody, you'll want to kill yourself. Just don't bother with it. Sleep it off in the car, or take a taxi, or walk. Imagine if you caused an accident, or even were just involved with an accident that wasn't your fault, and a child died? If you're intoxicated, you're fucked either way, and even if the accident isn't your fault, you could have possibly prevented it if you were sober.
^^^^^^^^^^^^^^^^^^^
I meant to ask that to comment #40.
56
zzyzzx
2022 Dec 30, 8:16am
zzyzzx
2022 Dec 30, 8:16am
GNL says
I think they mean that if they are using a buyer's agent, their buyer's agent realtor's commission should be based on how much of a discount they can get instead of a set % of the sales price.
FortwayeAsFuckJoeBiden says
DD214 says
Anytime you are dealing with someone who works on or for a commission , there is a built in conflict of interest between you and them.
flip the commission by giving % of saved from target price. double the rate.
they get 2-3% from sale price. make it 4-6% of saved.
master negotiator skill
Can you explain this in more detail please?
I think they mean that if they are using a buyer's agent, their buyer's agent realtor's commission should be based on how much of a discount they can get instead of a set % of the sales price.
58
FortwayeAsFuckJoeBiden
2022 Dec 30, 8:47am
GNL says
sure.
works if selling agent is a greedy bastard motivated by commission. easy to find out in conversation.
they get 2-3% commission as buyer agent. common in CA is 3/2 split lately. or 4.5 if they represent both sides. offer them higher % on anything saved over target price being top commission so they will be incentivised by you.
for example its listed at 220k. if you offer barely a 6% cash commission on saved from list price and you get it for 190, saving you 30k (minus 6% of 30k to pay out upon sale).
FortwayeAsFuckJoeBiden says
DD214 says
Anytime you are dealing with someone who works on or for a commission , there is a built in conflict of interest between you and them.
flip the commission by giving % of saved from target price. double the rate.
they get 2-3% from sale price. make it 4-6% of saved.
master negotiator skill
Can you explain this in more detail please?
sure.
works if selling agent is a greedy bastard motivated by commission. easy to find out in conversation.
they get 2-3% commission as buyer agent. common in CA is 3/2 split lately. or 4.5 if they represent both sides. offer them higher % on anything saved over target price being top commission so they will be incentivised by you.
for example its listed at 220k. if you offer barely a 6% cash commission on saved from list price and you get it for 190, saving you 30k (minus 6% of 30k to pay out upon sale).
59
WookieMan
2022 Dec 30, 3:05pm
WookieMan
2022 Dec 30, 3:05pm
richwicks says
Everyone does. Not justifying it. It's fact. No one here being honest can stay they haven't drank and driven a car. Could be one drink and they leave 4 hours later and are 100% sober. Everyone that is cool drinking has drove with alcohol in them.
Unless you're full blow sobriety, you drink and drive. You can tell me you don't and I won't believe you. It would be a lie.
Don't drink and drive.
Everyone does. Not justifying it. It's fact. No one here being honest can stay they haven't drank and driven a car. Could be one drink and they leave 4 hours later and are 100% sober. Everyone that is cool drinking has drove with alcohol in them.
Unless you're full blow sobriety, you drink and drive. You can tell me you don't and I won't believe you. It would be a lie.
60
Shaman
2022 Dec 30, 3:18pm
Shaman
2022 Dec 30, 3:18pm
Got pulled over twice while drunk when I was in my 20s. Got let go both times. I had the same line both times. Can you guess what I told the officer to get him to let me go?
The second time was a real wake up call, I don’t do that anymore. Not more than one drink anyways and that with dinner. Mostly, these days, I don’t drink.
The second time was a real wake up call, I don’t do that anymore. Not more than one drink anyways and that with dinner. Mostly, these days, I don’t drink.
61
RayAmerica
2022 Dec 30, 3:28pm
RayAmerica
2022 Dec 30, 3:28pm
I've known a few VERY BAD real estate agents, as well as attorneys. Have you ever met an attorney that won't twist the truth, lie and connive in order to 'win' their case?
It happens all the time.
Believe it or not, I've known some honest real estate agents. I've also known a few (very few) honest attorneys, which, IMO, is even more shocking.
Patrick had a thread that stated that there are Doctors out there that will kill you if they can make money off of that. And guess what, there are Doctors out there that will
kill an innocent baby as it emerges from the womb ... all for MONEY.
Human nature is sinful ... and sin permeates into every single area of life.
It happens all the time.
Believe it or not, I've known some honest real estate agents. I've also known a few (very few) honest attorneys, which, IMO, is even more shocking.
Patrick had a thread that stated that there are Doctors out there that will kill you if they can make money off of that. And guess what, there are Doctors out there that will
kill an innocent baby as it emerges from the womb ... all for MONEY.
Human nature is sinful ... and sin permeates into every single area of life.
62
GNL
2022 Dec 30, 3:49pm
GNL
2022 Dec 30, 3:49pm
FortwayeAsFuckJoeBiden says
So, you still pay $218,200?
6% of $30k is about $1,800. $220k - $1,800 = $218.2k.
Is that what you're saying?
for example its listed at 220k. if you offer barely a 6% cash commission on saved from list price and you get it for 190, saving you 30k (minus 6% of 30k to pay out upon sale).
So, you still pay $218,200?
6% of $30k is about $1,800. $220k - $1,800 = $218.2k.
Is that what you're saying?
63
GNL
2022 Dec 30, 3:51pm
GNL
2022 Dec 30, 3:51pm
Shaman says
Did you offer to blow him?
I had the same line both times. Can you guess what I told the officer to get him to let me go?
Did you offer to blow him?
64
Maga_Chaos_Monkey
2022 Dec 31, 10:02am
Maga_Chaos_Monkey
2022 Dec 31, 10:02am
Shaman says
I’m not strunk ossifer, I only had tee martoonies?
Can you guess what I told the officer to get him to let me go?
I’m not strunk ossifer, I only had tee martoonies?
66
richwicks
2022 Dec 31, 7:58pm
richwicks
2022 Dec 31, 7:58pm
I have to answer this "What is worse then a Realtor?"
A government employee is worse. Every. Single. One.
From the Department of Motor Vehicles, right up to an intelligence officer from any of the Alphabet agencies.
These are all NPC robots and they are dangerous and insane. I think ultimately, it's the Federal Reserve central bank that controls them, but they have no convictions or principles, they just follow orders. From teaching children critical race theory, to overthrowing elections.
A government employee is worse. Every. Single. One.
From the Department of Motor Vehicles, right up to an intelligence officer from any of the Alphabet agencies.
These are all NPC robots and they are dangerous and insane. I think ultimately, it's the Federal Reserve central bank that controls them, but they have no convictions or principles, they just follow orders. From teaching children critical race theory, to overthrowing elections.
67
zzyzzx
2023 Jan 3, 7:33am
zzyzzx
2023 Jan 3, 7:33am
https://www.yahoo.com/news/guess-gets-blamed-home-buyers-103000469.html
Guess who gets blamed when home buyers believe they’ve paid too much?
Buyer’s remorse is likely to take on a more sinister turn in the coming months, as people who purchased their houses at the top of the market take out their frustrations on their real estate agents.
Guess who gets blamed when home buyers believe they’ve paid too much?
Buyer’s remorse is likely to take on a more sinister turn in the coming months, as people who purchased their houses at the top of the market take out their frustrations on their real estate agents.
68
HeadSet
2023 Jan 3, 7:55am
HeadSet
2023 Jan 3, 7:55am
zzyzzx says
The realtors could not care less about disgruntled fools once the commission check is cashed. Those same buyers will call a realtor when they want to sell those same houses in the future.
Buyer’s remorse is likely to take on a more sinister turn in the coming months, as people who purchased their houses at the top of the market take out their frustrations on their real estate agents.
The realtors could not care less about disgruntled fools once the commission check is cashed. Those same buyers will call a realtor when they want to sell those same houses in the future.
69
zzyzzx
2023 Jan 18, 11:13am
zzyzzx
2023 Jan 18, 11:13am
https://www.reddit.com/r/RealEstate/comments/10epbfu/what_are_some_ways_real_estate_agents_screw_with/
What are some ways real estate agents screw with you?
What are some ways real estate agents screw with you?
70
Eman
2023 Jan 18, 2:59pm
Eman
2023 Jan 18, 2:59pm
zzyzzx says
This is not as black and white situation. Buyers lost equity on their purchase. At the same time, they’ve likely locked 2.5-3.5% mortgage rates vs. 6.5% now. Their mortgage payments are probably lower compared to buying now with the higher mortgage rates. Not all is lost at the moment.
https://www.yahoo.com/news/guess-gets-blamed-home-buyers-103000469.html
Guess who gets blamed when home buyers believe they’ve paid too much?
Buyer’s remorse is likely to take on a more sinister turn in the coming months, as people who purchased their houses at the top of the market take out their frustrations on their real estate agents.
This is not as black and white situation. Buyers lost equity on their purchase. At the same time, they’ve likely locked 2.5-3.5% mortgage rates vs. 6.5% now. Their mortgage payments are probably lower compared to buying now with the higher mortgage rates. Not all is lost at the moment.
71
GNL
2023 Jan 18, 4:02pm
GNL
2023 Jan 18, 4:02pm
HeadSet says
Couldn't this same thing be said about most salesmen?
Government is to blame for almost everything you can think of. In the case of real estate, a very good argument can be made that the NAR is a monopoly. Also, it's regulations that have made real estate so expensive and out of sight for more and more people. Well, regulations and government fiscal policy.
The realtors could not care less about disgruntled fools once the commission check is cashed.
Couldn't this same thing be said about most salesmen?
Government is to blame for almost everything you can think of. In the case of real estate, a very good argument can be made that the NAR is a monopoly. Also, it's regulations that have made real estate so expensive and out of sight for more and more people. Well, regulations and government fiscal policy.
72
zzyzzx
2023 Feb 16, 9:19am
zzyzzx
2023 Feb 16, 9:19am
https://www.reddit.com/r/RealEstate/comments/112d02h/my_real_estate_agent_competed_with_me_while/
My Real estate agent competed with me while representing me
My agent competed with me while representing me and submitted a higher offer, purchased the house and living in it. I just found out about it 6 months after it has happened. What can I do about it?
Do I have enough grounds to sue him?
It gets interesting, I was already in contract with the seller. After my agent submitted the higher offer, the seller cancelled my contract stating change in circumstances and delisted the house on mls. My agent bought the house and I confirmed it on public records page. The seller agent is fully aware of this. I basically had a crook for a buyer and seller agent. Both are crooks.
My Real estate agent competed with me while representing me
My agent competed with me while representing me and submitted a higher offer, purchased the house and living in it. I just found out about it 6 months after it has happened. What can I do about it?
Do I have enough grounds to sue him?
It gets interesting, I was already in contract with the seller. After my agent submitted the higher offer, the seller cancelled my contract stating change in circumstances and delisted the house on mls. My agent bought the house and I confirmed it on public records page. The seller agent is fully aware of this. I basically had a crook for a buyer and seller agent. Both are crooks.
73
zzyzzx
2023 Feb 16, 9:41am
zzyzzx
2023 Feb 16, 9:41am
https://old.reddit.com/r/RealEstate/comments/111tzje/why_do_people_not_like_real_estate_agents/
Why do people not like real estate agents?
Ours did literally nothing except sit in on the signing of the paperwork. The commission for the labor just didn't add up. Other buyers may have them going to multiple showings, but our simple deal should not have cost the same. yeah yeah.. the buyer paid, but we all know that money could have and should gone to the buyer/seller, not someone who just happened to be in the room.
Why do people not like real estate agents?
Ours did literally nothing except sit in on the signing of the paperwork. The commission for the labor just didn't add up. Other buyers may have them going to multiple showings, but our simple deal should not have cost the same. yeah yeah.. the buyer paid, but we all know that money could have and should gone to the buyer/seller, not someone who just happened to be in the room.
74
RayAmerica
2023 Feb 16, 2:37pm
RayAmerica
2023 Feb 16, 2:37pm
zzyzzx says
I'm not an attorney, but I can tell you this; if what you are saying is true, your agent violated his fiduciary agency relationship with you. You could potentially have a huge law suit against that agent. Get all of your paperwork that documents your agency relationship (you should have had a signed agency disclosure form) and find a good attorney that is very familiar with real estate law.
Also, you can file a complaint with the 'Real Estate Commission' in your state. The key to all of this is that you must have documentation.
My Real estate agent competed with me while representing me
I'm not an attorney, but I can tell you this; if what you are saying is true, your agent violated his fiduciary agency relationship with you. You could potentially have a huge law suit against that agent. Get all of your paperwork that documents your agency relationship (you should have had a signed agency disclosure form) and find a good attorney that is very familiar with real estate law.
Also, you can file a complaint with the 'Real Estate Commission' in your state. The key to all of this is that you must have documentation.
75
gabbar
2023 Feb 16, 3:00pm
gabbar
2023 Feb 16, 3:00pm
RayAmerica says
That is what they all do, to some extent. This is business. No morals. No fiduciary duty. Their goal is to undermine and screw the buyer and seller so that they can get their commission after the sale. No court will help anyone in this. Real estate industry is worse than the drug cartel.
My Real estate agent competed with me while representing me
That is what they all do, to some extent. This is business. No morals. No fiduciary duty. Their goal is to undermine and screw the buyer and seller so that they can get their commission after the sale. No court will help anyone in this. Real estate industry is worse than the drug cartel.
77
RayAmerica
2023 Feb 27, 11:09am
RayAmerica
2023 Feb 27, 11:09am
gabbar says
Wow! I didn't know that. How many people has the 'real estate industry' murdered in the last 18 months?
Real estate industry is worse than the drug cartel.
Wow! I didn't know that. How many people has the 'real estate industry' murdered in the last 18 months?
80
RedStar
2023 Mar 7, 2:55pm
RedStar
2023 Mar 7, 2:55pm
The last house I bought out of state, the realtor didn't even show up for the home inspection. I emailed him a week in advance that I wouldn't be able to make it because of last minute work, and his response was why would I be there?
He had the guts to text me after closing to sell me on his lawn care business but I blocked his number.
He had the guts to text me after closing to sell me on his lawn care business but I blocked his number.
82
WookieMan
2023 Mar 8, 6:35am
WookieMan
2023 Mar 8, 6:35am
RedStar says
Not defending realtors at all having been one. Do you really think you wanted him there? Realtors are not inspectors. 9 out of 10 times they just end up in an argument if both inspector and buyer broker are there. 90% of realtors probably haven't picked up a hammer. Everyone acts like a tough guy. Inspectors act like they're fucking structural engineers, when they took a shit class and have no experience in construction. Same for the broker.
Get the warranty on a new build. Resale, you're going to have to fucking fix stuff. Don't own a home if you can't handle it. Simple as that. The second the power goes out and a pipe breaks in the winter, you have to fix it. The furnace will go on you. The water heater. So you fix it. There's no value add to the broker being there. It only causes more drama. And 99% of them LIE about their knowledge of housing. They're sales people. Not builders or tradesmen.
I emailed him a week in advance that I wouldn't be able to make it because of last minute work, and his response was why would I be there?
Not defending realtors at all having been one. Do you really think you wanted him there? Realtors are not inspectors. 9 out of 10 times they just end up in an argument if both inspector and buyer broker are there. 90% of realtors probably haven't picked up a hammer. Everyone acts like a tough guy. Inspectors act like they're fucking structural engineers, when they took a shit class and have no experience in construction. Same for the broker.
Get the warranty on a new build. Resale, you're going to have to fucking fix stuff. Don't own a home if you can't handle it. Simple as that. The second the power goes out and a pipe breaks in the winter, you have to fix it. The furnace will go on you. The water heater. So you fix it. There's no value add to the broker being there. It only causes more drama. And 99% of them LIE about their knowledge of housing. They're sales people. Not builders or tradesmen.
83
zzyzzx
2023 Mar 10, 6:53am
zzyzzx
2023 Mar 10, 6:53am
https://www.reddit.com/r/RidiculousRealEstate/comments/11mxg7s/realtors_cost_1trillion_every_10_years/
Realtors cost $1Trillion every 10 years
Americans pay the highest fees in the developed world. The 6% commission hasn’t come down since it’s inception in the 1920s, despite internet, networks, software, etc. It’s price-fixing. Class action law suits are targeting the national association of realtors over the fact that homeowners have to pay their buyer’s agent. New legislation may require the buyer agents fee be sourced by the buyer, not the seller, as this would of course stop buyer agents from being able to hold the buyer hostage for their 2.5%. Even though buyers find property on their own, the realtor puts the buyer behind a paywall.
The very concept of a fixed commission, a 5 or 6 percentage, is going to mean you inevitably overcharge people. There is not twice the work involved in selling a $500k homes than a $250k home, but the fee doubles.
Realtors cost $1Trillion every 10 years
Americans pay the highest fees in the developed world. The 6% commission hasn’t come down since it’s inception in the 1920s, despite internet, networks, software, etc. It’s price-fixing. Class action law suits are targeting the national association of realtors over the fact that homeowners have to pay their buyer’s agent. New legislation may require the buyer agents fee be sourced by the buyer, not the seller, as this would of course stop buyer agents from being able to hold the buyer hostage for their 2.5%. Even though buyers find property on their own, the realtor puts the buyer behind a paywall.
The very concept of a fixed commission, a 5 or 6 percentage, is going to mean you inevitably overcharge people. There is not twice the work involved in selling a $500k homes than a $250k home, but the fee doubles.
84
zzyzzx
2023 Mar 13, 8:22am
zzyzzx
2023 Mar 13, 8:22am
https://www.reddit.com/r/FirstTimeHomeBuyer/comments/11pvpum/i_accidentally_bought_into_a_55_community/
I accidentally bought into a 55+ community??
Your realtor failed you horribly and is useless.
I accidentally bought into a 55+ community??
Your realtor failed you horribly and is useless.
85
WookieMan
2023 Mar 13, 9:47am
WookieMan
2023 Mar 13, 9:47am
zzyzzx says
I had to read this one. This is a flat out lie. Brokers are dumb but YOU read the paperwork. The lender and attorney are the fucking idiots in a situation like this and so is the buyer. Read your contracts. Read the HOA minutes, covenants, bylaws etc. People cannot blame others for their own laziness like they're 4 years old and their parents do the laundry. This guy should fall down a cliff on a hike....
The comments are all bullshit that I read too. 55+ communities are regulated by HUD not counties or municipalities. It's not a state by state thing, but federal law. HUD sets the floor so to speak. Theoretically a developer could create a 70+ community. But everything was in writing when that dude or gal got the HOA info. That's also required.
Brokers are not attorneys or lenders. Can't act as one, just facilitate the transfer of information, which is legally required of an HOA/community type property before you get a loan or if cash your attorney reviews that. Townhome, condo or single family. Ultimately this scenario falls on the lender and attorney. As I've mentioned I'm out of the game and don't care for brokers, but the guy making that post is a simple dip shit moron if it's even true.
https://www.reddit.com/r/FirstTimeHomeBuyer/comments/11pvpum/i_accidentally_bought_into_a_55_community/
I accidentally bought into a 55+ community??
Your realtor failed you horribly and is useless.
I had to read this one. This is a flat out lie. Brokers are dumb but YOU read the paperwork. The lender and attorney are the fucking idiots in a situation like this and so is the buyer. Read your contracts. Read the HOA minutes, covenants, bylaws etc. People cannot blame others for their own laziness like they're 4 years old and their parents do the laundry. This guy should fall down a cliff on a hike....
The comments are all bullshit that I read too. 55+ communities are regulated by HUD not counties or municipalities. It's not a state by state thing, but federal law. HUD sets the floor so to speak. Theoretically a developer could create a 70+ community. But everything was in writing when that dude or gal got the HOA info. That's also required.
Brokers are not attorneys or lenders. Can't act as one, just facilitate the transfer of information, which is legally required of an HOA/community type property before you get a loan or if cash your attorney reviews that. Townhome, condo or single family. Ultimately this scenario falls on the lender and attorney. As I've mentioned I'm out of the game and don't care for brokers, but the guy making that post is a simple dip shit moron if it's even true.
86
HeadSet
2023 Mar 13, 11:22am
HeadSet
2023 Mar 13, 11:22am
zzyzzx says
Around here, any house/home/condo that has an HOA MUST have the buyer be given and sign for a copy of the HOA bylaws and rules. Then the buyer has several days to read the bylaws and can legally back out of the purchase during that time. This rule is precisely so one can stop the purchase if something like "55 or better" shows up, or $400/mo condo dues. The selling agent knows that this rule is in place and thus makes sure the buyer gets a copy of the bylaws right away along with a dated signature. Buyer's agent goes along with this as well, as he/she wants the clock to start right away and not have the sale fall through.
I accidentally bought into a 55+ community??
Around here, any house/home/condo that has an HOA MUST have the buyer be given and sign for a copy of the HOA bylaws and rules. Then the buyer has several days to read the bylaws and can legally back out of the purchase during that time. This rule is precisely so one can stop the purchase if something like "55 or better" shows up, or $400/mo condo dues. The selling agent knows that this rule is in place and thus makes sure the buyer gets a copy of the bylaws right away along with a dated signature. Buyer's agent goes along with this as well, as he/she wants the clock to start right away and not have the sale fall through.
87
Eric Holder
2023 Mar 13, 12:42pm
Eric Holder
2023 Mar 13, 12:42pm
WookieMan says
How are these things enforced anyway? What if the guy dyes his hair gray and pretends he's indeed a youthful-looking geezer?
zzyzzx says
https://www.reddit.com/r/FirstTimeHomeBuyer/comments/11pvpum/i_accidentally_bought_into_a_55_community/
I accidentally bought into a 55+ community??
Your realtor failed you horribly and is useless.
I had to read this one. This is a flat out lie. Brokers are dumb but YOU read the paperwork. The lender and attorney are the fucking idiots in a situation like this and so is the buyer. Read your contracts. Read the HOA minutes, covenants, bylaws etc. People cannot blame others for their own laziness like they're 4 years old and their parents do the laundry. This guy should fall down a cliff on a hike....
The comments are all bullshit that I read too. 55+ communities are regulated by HUD not counties or ...
How are these things enforced anyway? What if the guy dyes his hair gray and pretends he's indeed a youthful-looking geezer?
88
WookieMan
2023 Mar 13, 1:18pm
WookieMan
2023 Mar 13, 1:18pm
Eric Holder says
Never been part of an HOA I assume? They have legal authority to verify the age of the buyer in those communities. IF this story is true this was a massive fuck up by the attorney first and then lender. Broker might be an idiot, wouldn't doubt that, but probably wouldn't be held liable without intent via a subpoena of emails and crap like that. It's all legal shit and trust me you don't want a pretend lawyer that's a broker handling your deal. Their job is to open doors and give you an idea of price. That's literally the job.
Disclosures is the only grey area they get in trouble for the most part. Telling clients to lie that the basement never floods as they sign the listing agreement standing in 2' of water in the basement. Disclosures are where most brokers get sued. Everyone passes the buck and accountability in real estate on the service side. It's a fucked up industry. I know this site despises brokers, but all the hands in the cookie jar are guilty. I've seen my fair share of illegal activity.
How are these things enforced anyway? What if the guy dyes his hair gray and pretends he's indeed a youthful-looking geezer?
Never been part of an HOA I assume? They have legal authority to verify the age of the buyer in those communities. IF this story is true this was a massive fuck up by the attorney first and then lender. Broker might be an idiot, wouldn't doubt that, but probably wouldn't be held liable without intent via a subpoena of emails and crap like that. It's all legal shit and trust me you don't want a pretend lawyer that's a broker handling your deal. Their job is to open doors and give you an idea of price. That's literally the job.
Disclosures is the only grey area they get in trouble for the most part. Telling clients to lie that the basement never floods as they sign the listing agreement standing in 2' of water in the basement. Disclosures are where most brokers get sued. Everyone passes the buck and accountability in real estate on the service side. It's a fucked up industry. I know this site despises brokers, but all the hands in the cookie jar are guilty. I've seen my fair share of illegal activity.
89
RWSGFY
2023 Mar 13, 1:27pm
RWSGFY
2023 Mar 13, 1:27pm
WookieMan says
Right. But what would trigger that if the guy doesn't bring undue attention to himself?
Eric Holder says
How are these things enforced anyway? What if the guy dyes his hair gray and pretends he's indeed a youthful-looking geezer?
Never been part of an HOA I assume? They have legal authority to verify the age of the buyer in those communities.
Right. But what would trigger that if the guy doesn't bring undue attention to himself?
90
HeadSet
2023 Mar 13, 5:59pm
HeadSet
2023 Mar 13, 5:59pm
Eric Holder says
No. The buyer signs a statement that he/she is at least 55 years old (or the co-owning spouse is). Do that hair dye bit and you will be sued for fraud.
How are these things enforced anyway? What if the guy dyes his hair gray and pretends he's indeed a youthful-looking geezer?
No. The buyer signs a statement that he/she is at least 55 years old (or the co-owning spouse is). Do that hair dye bit and you will be sued for fraud.
91
Eric Holder
2023 Mar 13, 7:09pm
Eric Holder
2023 Mar 13, 7:09pm
HeadSet says
I thought he has already bought the place. How did that happen w/o him signing anything about him being 55?
Eric Holder says
How are these things enforced anyway? What if the guy dyes his hair gray and pretends he's indeed a youthful-looking geezer?
No. The buyer signs a statement that he/she is at least 55 years old (or the co-owning spouse is). Do that hair dye bit and you will be sued for fraud.
I thought he has already bought the place. How did that happen w/o him signing anything about him being 55?
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One of the sales wiennie's at this development was trying to get me to buy some land. I understand that is their job, but the salesman seemed to be oblivious to the economy and market. They are programmed to say "it's a great time to buy" over and over again. :-(
https://www.centennialridgetx.com/index.html