Category: True Fiduciaries – True Buyer Agency

Home Buyers Beware!

Welcome!  Hi, my name is Tom Wemett.  I’ve been a licensed real estate broker since 1973 and an Exclusive Buyer Agent since 1992.  I’m licensed in New York State, Florida and Massachusetts.  What all three states have in common is a deliberate attempt by the traditional real estate industry to deceive real estate consumers in order to preserve the double-dipping of commissions for the in-house transaction.  They have done this by means of influencing and […]

Stop Calling Yourselves “Agents”!

“Stop calling yourselves ‘agents’ unless you really are an agent within the meaning of centuries of well-settled common law. .‘, remarked Maureen Glasheen, Esq. in a recent email to myself and others.   Maureen is a former General Counsel to the New York Department of State. She continues, “ONLY persons and firms who transact business on our behalf subject to our lawful instruction SOLELY IN OUR BEST INTEREST, (a/k/a Undivided Loyalty) meet the common law […]

Are you an Enlightened Agent or a Low-information Agent?

en·light·ened Adjective:  “Having or showing a rational, modern, and well-informed outlook.” Synonyms:  “Informed, well informed, aware, open-minded, broad-minded, educated, knowledgeable, wise.” So are you an “enlightened agent” or as Ryan Fletcher, the author of “Defeat Mega Agents” refers to the traditional real estate industry licensee/salesperson, a “Low-information Agent”?  From Ryan Fletcher:  “It’s an unfortunate truth, but “The Guru Party,” made up of; the trainers, brokers & endless supply of coaches—and what they teach—are the architects […]

Real Estate Consumer Disclosure “Misleading”!

Massachusetts revised its Mandatory Real Estate Licensee-Consumer Relationship Disclosure on January 24, 2017.   The basics of the disclosure didn’t change, only the words and layout changed.  Rather than clarifying a consumer’s choice the form is even more confusing and harmful to consumers.  A .pdf copy of the Massachusetts Mandatory Real Estate Licensee-Consumer Relationship Disclosure is available here. Timing of the Presentation of the Disclosure is Too Late: Real estate companies in Massachusetts must disclose how […]

So What Went Wrong?

Ahhh, the demise of a once proud profession…. THE PAST: The real estate industry was never as greedy and deceiving as it is today.  Back in 1986 – From the NAR, National Association of REALTORS©, Publication (underlining is mine), “Who Is My Client?  A REALTORS® Guide to Compliance with the Law of Agency”:  “The legal concept of Agency with which this booklet is concerned is, however, beyond question the most fundamental of all the legal […]