Protect Your Right To Your Business, Coaching for Real Estate Agents

Coaching For Real Estate Agents

Protect Your Right To Your Business!

I just read the report from Pat Vredevoogd Combs, 2007 president of the National Association of Realtors® that was just released on the Realtor.Org news page. As Real Estate Agents we all need to be involved with the fight against Banking getting into the Real Estate business of Brokering. They have already gotten involved in selling securities and insurance. Consumers’ rights need to be protected and that is not going to happen with banks taking over the real estate business. Feel free to post your comments regarding banks going into real estate brokerage from the point of view of a real estate agent.

The biggest problem I see is that when the federal government takes over any area of business regulation you they bog everyone down with tons of red tape paperwork and busy work that is of no importance to the related business.

If banks push themselves into Real Estate brokerage the way they have with insurance and securities you as a broker would have to get an SEC license to operate your Real Estate company. We would be governed by the feds through the securities exchange commission and the states would lose their licensing powers and enforcement powers.

It is the states’ job to protect its’ consumers and that right will be taken away with this new Supreme Court ruling just made. Please read the entire article online at Realtor.org.

This is a matter of serious consequences both for you as a Real Estate agent and your clients, your buyers and sellers! Now, at first glance, the consumer is not going to realize the implications of this ruling. It is up to you to get educated on this and pass the information along to consumers. The consumer is going to be thinking, great, maybe they won’t have to pay brokerage fees to a Real Estate agent, not understanding the full implications and how much in the end they really be paying. Is the bank after the best interest of their customers? I don’t think so!

However, I as a Real Estate agent look out for my buyers and sellers. I make sure they get the best price for their properties. I make sure my buyers get the best price for the house they want. I make sure that the home inspection is done, that all disclosures regarding the property are made, that the mortgage company is charging the right fees, that the title company is charging the correct amounts and I also alert our buyers and sellers what parts of these charges are negotiable and may be able to be deleted, thus, saving them all money. Now, you tell me, what bank is going to do that?

The bank is going to do the title, the mortgage, the insurance and the real estate transaction! One stop shopping that is not in the best interest of the customer!

Get a hold of your state Senators and Congressmen and women and let them know your concerns. This should not be taken lightly. As NAR® President is quoted as saying today, “Any persons or organizations that are concerned with state statutes and regulations, and the ability of the federal government to preempt these state regulations, should find today’s opinion disconcerting.”

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You can email me at Katerinag@bellsouth.net for coaching and consulting information for Real Estate Agents. I am a Realtor and a Business, Career, Health and Personal Coach, Real Estate Business Consultant, trainer and speaker. Yours In Real Estate, Katerina

CCoaching For Real Estate Agents