Tag: Informed consent

Not One Dollar More!

A new homebuyer book is out that every homebuyer in the US should read before even talking to a real estate licensee/salesperson – Not One Dollar More! – How to Save $3,000 to $30,000 Buying Your Next Home.      This is a new edition completely updated for 2018.  I had the privilege of helping to update the book for this latest edition.  The second edition was published 18 years ago.  Much has changed in […]

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 […]

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 […]

Designated Agency – Is It Fraud?

  The below comes from Douglas R. Miller, Esq. Founder and Executive Director of CAARE, Consumer Advocates in American Real Estate.  CAARE (www.caare.org) is a non-profit, 501(c)3 charity dedicated to exposing conflicts of interests in residential real estate and providing information, solutions and resources to consumers and others to help combat these problems. ================================================================================ Agents from the same brokerage firm cannot negotiate on behalf of buyers and sellers in the same transaction. Despite heavily lobbied […]

Designated Agency Legislation Terribly Flawed – Part Two

I just came upon some awesome historical presentations about how flawed the designated agency legislation was when it was proposed and passed in the late 1990’s.  These come from a not-for-profit consumer organization that is no longer in existence but shows just how convoluted this legislation was then and still is today.  The organization was known as Real Estate Agents for Real Agency.  It consisted of both buyer and seller agents who were concerned about […]