Comments on: Mary Alice Short On Why It Is Important To Pick A Good Buyer’s Agent http://houstonhousingmarket.org/2009/08/mary-alice-short-on-why-it-is-important-to-pick-a-good-buyers-agent/ A Real Estate and Finance Blog Tue, 13 Apr 2010 21:24:02 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: admin http://houstonhousingmarket.org/2009/08/mary-alice-short-on-why-it-is-important-to-pick-a-good-buyers-agent/comment-page-1/#comment-736 admin Thu, 08 Oct 2009 18:25:00 +0000 http://houstonhousingmarket.org/?p=409#comment-736 This just goes to show you that the current licensing requirements for real estate agents is a joke. And if this is the case in Texas imagine how it is in other states that do not require contract law or the number of class hours. I personally feel that it takes at minimum an associates degree of information to be competent as an agent. The trouble with this is the current traditional real estate model. The brokers profitability revolves around carrying as many agents as possible at low commission splits. Now if you increased the educational requirements to gain a license the brokers would have fewer agents who would be more knowledgeable and would require higher splits. Well that would likely reduce the profitability of the traditional brokerage and so is not something that is heavily pushed nor lobbied for. This just goes to show you that the current licensing requirements for real estate agents is a joke. And if this is the case in Texas imagine how it is in other states that do not require contract law or the number of class hours. I personally feel that it takes at minimum an associates degree of information to be competent as an agent.

The trouble with this is the current traditional real estate model. The brokers profitability revolves around carrying as many agents as possible at low commission splits. Now if you increased the educational requirements to gain a license the brokers would have fewer agents who would be more knowledgeable and would require higher splits. Well that would likely reduce the profitability of the traditional brokerage and so is not something that is heavily pushed nor lobbied for.

]]> By: jerry Holcomb http://houstonhousingmarket.org/2009/08/mary-alice-short-on-why-it-is-important-to-pick-a-good-buyers-agent/comment-page-1/#comment-716 jerry Holcomb Sun, 27 Sep 2009 01:05:55 +0000 http://houstonhousingmarket.org/?p=409#comment-716 Hi Mary: From a Mortgage Bankers view on Real Estate contracts. It amazes me how many are so poorly written, illegible, incorrect and even unable to use in underwriting. Last week I had a contract where an amendment was made for $2150.00 in seller contributions. No big deal except what they actually wanted was the money to go for repairs after closing. The agents checked the wrong item on the form. No one told us the real intentions until the HUD was prepared and since it was a relo (relo company paying closing cost) the funds could only be used "per contract" for closing costs. Title and I spent a day working around this mess. I also see a lot of missing contact numbers for title, scribbled agent numbers and blanks where something should be entered. Do you know how many Chicago title offices there are in Texas to figure out where to order title? Also, the faxing around a contract until all you can read are fax headers but not the contract kills me. Good luck in Houston Jerry Holcomb Your Dallas Mortgage professional Hi Mary:
From a Mortgage Bankers view on Real Estate contracts.
It amazes me how many are so poorly written, illegible, incorrect and even unable to use in underwriting.
Last week I had a contract where an amendment was made for $2150.00 in seller contributions. No big deal except what they actually wanted was the money to go for repairs after closing. The agents checked the wrong item on the form. No one told us the real intentions until the HUD was prepared and since it was a relo (relo company paying closing cost) the funds could only be used “per contract” for closing costs. Title and I spent a day working around this mess.
I also see a lot of missing contact numbers for title, scribbled agent numbers and blanks where something should be entered. Do you know how many Chicago title offices there are in Texas to figure out where to order title? Also, the faxing around a contract until all you can read are fax headers but not the contract kills me. Good luck in Houston
Jerry Holcomb
Your Dallas Mortgage professional

]]> By: Mike In Dallas http://houstonhousingmarket.org/2009/08/mary-alice-short-on-why-it-is-important-to-pick-a-good-buyers-agent/comment-page-1/#comment-714 Mike In Dallas Sat, 26 Sep 2009 01:37:29 +0000 http://houstonhousingmarket.org/?p=409#comment-714 That had to be one of the funniest things i have ever seen. We get though all the time. That had to be one of the funniest things i have ever seen. We get though all the time.

]]> By: admin http://houstonhousingmarket.org/2009/08/mary-alice-short-on-why-it-is-important-to-pick-a-good-buyers-agent/comment-page-1/#comment-671 admin Fri, 28 Aug 2009 10:00:59 +0000 http://houstonhousingmarket.org/?p=409#comment-671 @Micheal - Most bloggers will not appreciate overt self promotional posts in comments. I personally really do not like to see links in the comments. As you already recieve a link via your name. @Micheal – Most bloggers will not appreciate overt self promotional posts in comments. I personally really do not like to see links in the comments. As you already recieve a link via your name.

]]> By: Iowa City Real Estate http://houstonhousingmarket.org/2009/08/mary-alice-short-on-why-it-is-important-to-pick-a-good-buyers-agent/comment-page-1/#comment-669 Iowa City Real Estate Thu, 27 Aug 2009 04:59:49 +0000 http://houstonhousingmarket.org/?p=409#comment-669 Hi Maxine, I am a Realtor from Iowa City. I am the 2007 Gold Star Award Winner for Outstanding Professional from the Iowa City Area Association of Realtors. For more information please visit my website Thank you. Michael Mceleney Hi Maxine,

I am a Realtor from Iowa City. I am the 2007 Gold Star Award Winner for Outstanding Professional from the Iowa City Area Association of Realtors.

For more information please visit my website

Thank you.
Michael Mceleney

]]> By: admin http://houstonhousingmarket.org/2009/08/mary-alice-short-on-why-it-is-important-to-pick-a-good-buyers-agent/comment-page-1/#comment-664 admin Mon, 24 Aug 2009 16:29:36 +0000 http://houstonhousingmarket.org/?p=409#comment-664 Hi Maxine, I know of a couple of good agents in Iowa city. Please email me at james.wheelock@era.com and I will get you in contact with them. I am sorry to hear that you are leaving Houston and wish you the very best with your new adventure. Hi Maxine,

I know of a couple of good agents in Iowa city. Please email me at james.wheelock@era.com and I will get you in contact with them. I am sorry to hear that you are leaving Houston and wish you the very best with your new adventure.

]]> By: admin http://houstonhousingmarket.org/2009/08/mary-alice-short-on-why-it-is-important-to-pick-a-good-buyers-agent/comment-page-1/#comment-663 admin Mon, 24 Aug 2009 16:27:58 +0000 http://houstonhousingmarket.org/?p=409#comment-663 @Cary NC Real Estate - Can you please at minimum sign your real name at the end of your post. I like to know who I am chatting with plus it personalizes the comments. You are welcome I think Mary's videos have the ability to provide value to the web. @Cary NC Real Estate – Can you please at minimum sign your real name at the end of your post. I like to know who I am chatting with plus it personalizes the comments.

You are welcome I think Mary’s videos have the ability to provide value to the web.

]]> By: Maxine http://houstonhousingmarket.org/2009/08/mary-alice-short-on-why-it-is-important-to-pick-a-good-buyers-agent/comment-page-1/#comment-661 Maxine Sun, 23 Aug 2009 21:22:20 +0000 http://houstonhousingmarket.org/?p=409#comment-661 Hi, I have lived in Houston for the last 5 years and now I am looking to move to Iowa city for work. Do you know a good realtor in Iowa? Thank you for your time! Hi,

I have lived in Houston for the last 5 years and now I am looking to move to Iowa city for work. Do you know a good realtor in Iowa?

Thank you for your time!

]]> By: Cary NC Real Estate http://houstonhousingmarket.org/2009/08/mary-alice-short-on-why-it-is-important-to-pick-a-good-buyers-agent/comment-page-1/#comment-655 Cary NC Real Estate Fri, 21 Aug 2009 21:46:11 +0000 http://houstonhousingmarket.org/?p=409#comment-655 Thanks for introducing me to Mary's videos. I will definitely have to check out some more of them! Thanks for introducing me to Mary’s videos. I will definitely have to check out some more of them!

]]>