Four Popular Boise Real Estate Agent Wives Tales
Often a home buyer feels like they did not get what they paid for when the used Boise
real estate agents, and this leads them to faulty conclusions about the industry as a whole. As such, it is no wonder why some people are afraid to start looking! Fortunately, most of the stories that are circulating about the process of purchasing a home are nothing more than myths. Allowing any idea to settle into your mind without examining the other side is never a good pattern to set, so read the points listed below.
Myth #1: Timeliness is not a priority to Boise real estate agents
Nobody expects you to work with a real estate agent who does not show an appreciation for your time. Getting frustrated when someone does not behave responsibly will not help you sell your home, so interview another agent. You cannot be expected to accept excuses for that kind of stuff. Your relationship with your agent should have clear boundaries and accepting arrogance or second class treatment will not work for you.
Myth #2: Your agent should be willing to show you homes as soon as you demand
Depending on your contract situation, you should have no problem receiving the highest degree of cooperation from your real estate agent. Otherwise, the agent is under no obligation to show you anything. Unless you agree to sign a representation agreement, the real estate agent should not be working with you at all, given they have no way to recover money for their time and resources they spend while with you.
Myth #3: The real estate industry is a "one hand washes the other" industry
Put simply, receiving kickbacks from a real estate vendor is against the law. Since the mid-70's, agents have been limited to receive payment in compliance with the law established under RESPA. The numbers just would not make sense given that the agent would lose their license to practice real estate and face penalties well in excess of their kickbacks.
Myth #3: The agent who chooses the home inspector will have the favor in the inspection report
Each inspection report should be a non-biased list of any issues found with the home, so not the agent, buyer nor seller should be able to influence it. An agent who is willing to close on a home that he is aware of issues with, without notifying the buyer, is a real rarity, as it should be. With the real estate industry being so competitive, there are very few agents who could hack any bad reviews of their services. Second, Boise real estate agents don't want to risk being sued by a client who believes material facts were not disclosed as required by the law. Knowing everything that is important in purchasing a home is a duty and right of any home buyer, so all Boise real estate agents involved should not hamper that effort. Before the close of the transaction, the seller will be required to make all repairs agreed to on the repair addendum.
Myth #4: Agents need to tell clients about the ethnic make-up and crime statistics of a neighborhood
While it may seem reasonable to ask your agent certain details about the neighborhood you are considering, keep in mind that Federal Fair Housing laws prevent agents from discussing certain details. More specifically, any information that can be considered discriminatory cannot be discussed. Even if you are asking about details for good reasons, such as wanting to live in a Jewish community so you can be surrounded by others of the same faith, your agent cannot provide you with information regarding the ethnic make-up of the community.
The same is true when it comes to providing information regarding school statistics and crime rates. Any of the reputable Boise real estate agents can, however, point you in the right direction so you can obtain this information for yourself.
by: Gavin J. King
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