All Forum Posts by: Neil G.

Thought it was bad enough the C21 Broker (listing and selling, dual agent broker) never updated the listing when it Pending, In Contract, Nor Sold.

2 weeks after we closed, agents and prospective buyers were walking onto the property and into while we were painting etc, saying they were just taking a brief look, asking for the owner, etc, so we notified the Broker to make sure update the listing as SOLD.

Broker replied in December saying it would be updated.

Now into 2nd month following sale, C21 broker still has it For Sale on C21 website and the MLS.. which means going on 2mos of inquisitives knocking, walking all over the landscape, etc. I suppose it would be good if I were an agent it would generate leads, but I'm not.

How is this allowed by Franchise, MLS and/or CalBRE and what sanction is broker risking, fines? Just wonder if I were an agent or broker and did the same, what I'd be facing if anything.

And the next best course of action other than just asking twice, thrice, etc.

UPDATE: We ended up closing around 8wks instead of their requested 2wk, due to one of the 2 owners/sellers' power of attorney papers being from while he was on vacation overseas.

Only the front door keys were given, so we had to change the back door locks/keys.

2 weeks after closing, various agent were still walking around and into the property's rear where we were gardening, and showing us on their phones that the property was still listed for sale and 'Active' on c21.com by Agent-owner's listing broker.

Was wondering why they never updated it still yet - not pending, not in contract, not even sold after the sale til i complained to the broker people were walking in to inspect.

Wonder if there are fines for not updating listing status, and who imposes them - MLS, CalBRE, or?

Weeks ago closed on tiny 300sf bldg on 1900sf lot in Pioneer Blvd area of Artesia.

Went to city and county to pull bldg info and all they had was permits for electric, plumb, bathroom, signs, fence, etc but no actual blueprint or plans showing the building's interior dimensions and floorplan.

Signed up at arcbazar to collect bids but instead they charged my paypal account over $500 for the project budget, in advance then put it on hold hours later, blocking any bids. When tried to reach them, calls go to a generic robot voice cell phone mailbox that is full, so will escalate that sham for paypal to intervene.

 Would use homeadvisor or similar instead after that ripoff from AB, but alas home advisors says its only for home projects.

What about for pooling bids for Commercial from an actual reputable version of homeadvisor or similar? We've called architects and contractors for quotes on a floorplan but so far all quoted the same figures whether the building were 3000 or 300 sf, which find excessive.

Thanks in advances for any references to commercial bidding sites! =D

While there are like a dozen big FSBO residential sites, I could only find like one single FSBO commercial site, something like 'Buildings by Owner' or the like.

Even commercial listings - whether standard or flat fee - on the MLS are scarce; and there seems to be no national commercial MLS still yet, or is there?

CoStar group seems to be monopolizing anything and everything commercial.

So... where else??

Whenever I've bought residential in CA it has so far always been buyer's choice of escrow company.

So I was surprised when submitting offer on my first commercial last week, that listing broker informed that with Commercial in CA it is always 'Seller's choice' of escrower.

Really?

That's the thing! 

To reiterate, I submitted the (cash) offer with dual agent and the response was a verbal acceptance that the ONLY counteroffer is that Seller is a Licensed RE Agent.

So to update, I have since signed that counter without hesitation, as it does not irk me that seller is agent - even to their own listing broker - as it is in this case. I simply wanted to know if that is compliant with CA's RE bureau, for future reference.

Last message (txt) was from listing broker/dual agent that that Escrow was opened, and so I dropped off the 10K check to the Escrow company indicated in CAR form's Joint Escrow Instructions, which shares same exact address as Listing Broker, just a different suite letter, ie B in of A, and haven't heard back from dual agent since, but assume once contract is executed, brokers move onto their next deals and become 'scarce'.

Anyways I had asked for 4wks close then 3wks close but broker kept 2wks close on the offer as its cash so let's see if we actually do close on their preferred timeframe of 2wks which would be 2nd week of Nov; there are NO contingencies other than Title clearing so I see no reason why the heck not, yet remains to be seen!

Thx all..

OMG.. in such a very feasible scenario, would seller not reveal he is both the buyer's agent and the seller/owner himself.. until offers are written up and it shows for itself as the same name in both fields?!

Scandalous. Hence the disclosure codes and statutes set in place to prevent such akward scenarios.

Thanks again folks

Property's Listing Agent is listed on their Brokerage site as Associate Broker

Seller/owner of property is listed on same Brokerage site as Licensed Agent.

Yea but why 'change costumes' from principal to licensed agent as principal, and disclose only after all apparently other negotiations? 

 Worst yet, there's no telling what other 'Counteroffer' they may also make later but if anymore, we walk.

Maybe will ask this on a legal forum like ExpertLaw, Justia, etc.

Thanks guys! You're the best =D

Made an offer on a CA (Los Angeles County) commercial property and got verbal acceptance BUT the listing agent - who is also buyer's agent in this transaction, doublesiding it - is saying the Seller is now making a "Counteroffer" that Seller is a licensed real estate agent which must be signed. Not a disclosure, rider, etc apparently, but a 'Counteroffer' that seller is an agent.

Is this CalBRE-compliant? How so??

Just wondering why the listing didnt just state owner/seller is an agent from the get go, and moreso, just for future reference sake.