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There should be a national or regional database system that is open to everyone that would list all of the realtors and then annual stats for each realtor, such as number of homes listed, number of homes sold, number of listings expired, avg number of days on market before sold, avg drop in price (list price - sold price), etc. Plus have either a sellers/buyers comments field or a ratings scale (1-5). This would be extremely helpful in picking a realtor and it would be an easy way to weed out the good realtors from the bad realtors.
Check out Google, and their success since going public.
If your idea has merit, run with it, and see if you can't soon hold 10,000,000 shares of stock at $500/share.
I think one of the slimiest real estate agents I've ever met is in the top 10 of all agents in our county. I don't consider her to be ethical or honest at all, but she talks a good line apparently and throws a lot of stuff on the wall. She's a listing machine and buys most of her listings. someday when I'm really bored, I'll look at all her listings and track the price drops.
Yes, that's my big complaint. It's almost as if the bad agents, the slimeballs and liars, make more money than the honest ones! And they never seem to get caught or punished. Where's the justice for the good agents who played a straight game? Along with the honest title agents, loan officers, bankers, etc.? Why should the whole industry go to the dogs because of a few bad apples? It's just not fair.
I don't think so at all. I have many friends as I am sure you do, each with their own strengths. If I want a certain type of recommendation I go to friend #1, if I want another I go to friend #2.
I guess I give the human race more credit than you do for being able to distinguish how to use their friends strengths to help guide them.
There should be a national or regional database system that is open to everyone that would list all of the realtors and then annual stats for each realtor, such as number of homes listed, number of homes sold, number of listings expired, avg number of days on market before sold, avg drop in price (list price - sold price), etc. Plus have either a sellers/buyers comments field or a ratings scale (1-5). This would be extremely helpful in picking a realtor and it would be an easy way to weed out the good realtors from the bad realtors.
There are some agent ranking sites right now, but they just aren't very good yet. If there is a system it needs to be like ebay where an agent can respond to negative feedback as well.
I don't think so at all. I have many friends as I am sure you do, each with their own strengths. If I want a certain type of recommendation I go to friend #1, if I want another I go to friend #2.
Thank you for making my point for me. You evidently trust some of your friends to give some sorts of recommendations, others not so much. So you yourself distinguish between trust in the abstract and a judgment about your friends' reliability in terms of making recommendations.
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I guess I give the human race more credit than you do for being able to distinguish how to use their friends strengths to help guide them.
Before the housing meltdown, I would have said I gave the human race lots of credit. Lots and lots! But that's kind of how we got in this pickle, isn't it? Lots of credit? And I'm sure everybody consulted their friends for advice on the housing market... which as we all know, can only go up and up!
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