Real Estate Politics - All Comments

re: "The Subprime Primer"

Dorrie Crossley — Mon, 07 Jul 2008 23:35:39 GMT

Very interesting and a good warning to do you own research before signing on the dotted line...

re: Welcome to Marc's Corner!

Marc Grossman — Mon, 30 Jun 2008 22:04:20 GMT

Brian - Thank you for stopping by! I understand only too well what you are saying and where you are coming from. Unfortunately, in many instances I do not see this changing. Yet, at the same time we should not be bailing them out either!

re: Welcome to Marc's Corner!

Brian Wilson — Mon, 30 Jun 2008 19:56:50 GMT

Marc,

I agree with your belief in the economic law of the jungle. If companies are not preserving profit when times are ripe in preparation for the inevitable correction, then they should pay the consequences.

It is kind of like the national builders who come and go from our Colorado Springs real estate market... when times are great, they come in heavy and buy up every big piece of land available. Then they start churning out homes like their is not tomorrow. That's all well and good but as soon as they hit a bump in the road, they immediately slash their employees off at the knees and begin defaulting on their lot contracts. There is no moderation.. no sense of long-term stability. It seems to always about the next quarter's earnings report.

A more cynical person would say this is the focus because the management who makes these decisions receive millions for making these earnings reports hit certain benchmarks, whether it is short term or not.

re: Honestly?

Marc Grossman — Mon, 30 Jun 2008 17:11:21 GMT

Christopher, Thank you very much for the mention!

re: Honestly?

Christopher Zabka — Fri, 27 Jun 2008 17:03:10 GMT

Teresa - thank you for your original post. I always enjoy reading your work.

Richard - You bring up many educational points, at least for me. I have been and continue to learn much about the industry from the members of this site and others I interact with in the blogosphere. Although it makes sense, I didn't realize there could be such wide discrepancies even among real estate practitioners. But I appreciate the need for communication across the industry, and I hope it becomes something that happens more as our site grows.

re: Honestly?

Richard C. Decker P.A. — Thu, 26 Jun 2008 23:36:07 GMT

Chris - Thank you for defending us as a community. Real Estate is a large, long term ( both in acquiring and in retention ) item that has a long history attached to it, and emotionally entered into as a purchase. There has been greed attached to stories about it, and people seem to remember the bad longer than the good, and business practices that may have been perceived as strange or shady or just plain wrong. The code of ethics and continuing education have been put in place politically to help correct wrongs of the past, and a basis for which to move forward.

How we work together in various areas, and within the world is not the same. We are on a referral platform on this site. I think it appropriate to acknowledge that the same 'job' of selling real estate is not the same everywhere. For that reason I caution that communication and understanding be sought from the beginning of any transaction with another brokerage in any transaction. Perhaps even to a level of a checklist here on this site that could be referred to for compliance and at the very least a guide to follow. We in Florida are Transaction Brokers, which has been commented on as less than desirable by agents in other states that have full agency. We as licensees have to follow the rules in place for us to follow. Perhaps when dealing with another agent from another state, or country, the 'why we do what we do' may come into question. The point I am getting to is that because everyone does not have the same play book misunderstandings may come up, and unless full disclosure and continuous communication is in play, inaccurate stories may circulate due to those misunderstanding and policies that have to be adhered to, but not understood by others outside the area where a transaction takes place. Communication is good. Feedback provided by this site may be helpful in guiding us all to a more tolerant level if dealings get shaky between members both acting in good faith and best intentions, but misunderstanding the customs and rules in place for practicing the business of real estate.

re: Honestly?

teresa Boardman — Thu, 26 Jun 2008 22:50:02 GMT

Thanks. :)

Wanted: Real Estate Voices

The Social Media Montage — Wed, 11 Jun 2008 22:40:49 GMT

Hello Zolve members! Is there a burning real estate industry issue you would like to voice your opinion