Theses quidelines usually give them options which they can choose, depending upon the type of sale they are conducting.

I've always suspected this thing goes on in sealed bids, but didn't know there was a term for it.....Ray (and anybody else here).....regarding Realtors and their "ethics"First off, let me say this...I realize I'm painting with a rather large brush here, and this isn't representative of all realtors, just some I've met.

Try to keep this in mind next time when choosing a real estate agent.I can promise you that if you choose an agent based on this, you will not only find that you are going to get a knowledgable agent but also a successful one as well.

There are plenty of real estate role models to choose from.

I would just hate to build a brand new place, rent it to poor people, and have it have that grease smell that you smell in every house in the hood and no matter what you do the the flooring and paint it will always be there.

Why did you choose to go that route?

3.Choosing the wrong markets and neighborhoods to start investing in.You want to spend all that time birddogging deals and putting them together for only marginal returns.

The latter part is really all we much cared about.But then we went and bought a house... gave her three months notice... and she has had plenty access to the house to inspect it and declared "no damages".But... it's been seven years so the landlord wants to replace the carpet, linolium, paint - which is all great for whomever is next......Except... she's bound and determined to have it done before we leave.

Now, there is work to be done on the house before I would consider renting or selling (AC, electrical, paint) that will cost ~15k.A friend (also an investor) tells me to sell the condo (or 1031 exchange it), rent out my home and buy (exchange to) a nicer one for us.

What ever you do, be sure to have a good paint respoerator, eye protection and clothes that can protect your skin pores when first working in the area.