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Updated over 1 year ago,

User Stats

737
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619
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Logan M.
Pro Member
  • Investor
  • Provo, UT
619
Votes |
737
Posts

REALTORS should stop the "FAKE IT TILL YOU MAKE IT" mentality

Logan M.
Pro Member
  • Investor
  • Provo, UT
Posted

Real estate is a HUGE industry. I won't name all the different asset classes but each asset class can be broken down three to four times.

My biggest frustration is the idea that agents are okay to FAKE IT TILL YOU MAKE IT

In fact, our division of real estate says that this is against your fiduciary responsibility, and yet it happens every day.

My biggest example is within my niche, mobile home parks. On a daily basis, I check every source I know of for mobile home parks in my target market. I see agents valuing parks using all of the wrong metrics. They set a false expectations for the sellers and market the community just like any other multifamily property.

I am not saying a new agents can't work through transactions but I am saying that unless you or your broker know what they are doing and you can give competent advice, don't take the listing.

Learn your craft and put in the time it takes. If you can't do a good job then again don't take the listing/buyer!

  • Logan M.
  • Loading replies...