Letters to the Editor

Watch out when the court case comes

Inman News

Re: 'Sellers: Iggys House offers free MLS listing' (June 18)

Dear Editor:

I love these companies that expect to receive a fee by having another agent do their work for them. The big tip-off about their service should be that they don't require a buyer to obtain a preapproval letter to submit an offer unless the buyer actually wants to see the home. Then they must have the approval from a lender so they can convince another agent to show the house to the buyer.

Even better, the seller/buyer couple from the article never met their agent, as everything was over the Internet. Hmmm, wonder how that will play in California when the "agent" signs the transfer disclosure on a property he or she never saw. For those not in the know, California requires all agents who are a party to the transaction to sign a transfer disclosure, which includes a section that agents must fill out about what they noted during their "personal inspection" of the property. When the court case comes -- and it will -- I doubt "I never saw it" will fly as a defense.

Kaye Thomas
Real Estate West
Manhattan Beach, Calif.

Dear Editor:

Now why would Mr. Lund feel more comfortable having an "agent" on "at least one side" of the transaction? Would it be because agents spend thousand of dollars on education, investing time and hard work to learn the myriad of ins and outs of the real estate business?

Even the new agents in my office have the highest ethics and concerns for their clients, and their goal is to protect the client's interest as much as humanly possible. Mr. Lund is asking the buyers agent to be a dual agent = for free. I just hope these new business models that allow consumers more choice have great E & O insurance when the consumer chooses to sue them.

Diane Abair
Bears Den Real Estate
Redding, Calif.

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