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Building Eco Green Custom Luxury Homes

By Izzy | Builder/Developer in Thomasville, GA
  • Thomasville, GA. BIG ON A/C UNITS – U CAN’T HAVE TO MANY! (ENERGY HOGS)

    Posted Under: Home Buying in Thomasville, Home Selling in Thomasville, In My Neighborhood in Thomasville  |  April 24, 2012 11:22 AM  |  209 views  |  2 comments

    We do not understand how a 2,500 square foot homes in Thomasville, GA. would be using 2 or even 3 A/C units. This doesn't make any sense, So when looking at homes in Thomasville, South Georgia I would definitely take a look at how many A/C units the home has if not you could most probably spend more for your electric bill then mortgage. Let’s not forget the excusive use of 2 & 3 50 gal water heaters & 2 & 3 A/C Units in new homes built.  These water heaters are working 24/7.

     

      

     


    Many people buy an air conditioner that is too large, thinking it will provide better cooling. However, an oversized air conditioner is actually less effective — and wastes energy at the same time. Air conditioners remove both heat and humidity from the air. If the unit is too large, it will cool the room quickly, but only remove some of the humidity. This leaves the room with a damp, clammy feeling. A properly sized unit will remove humidity effectively as it cools.

     

     Get ready for electricity prices to “necessarily skyrocket



      
    Green Built homes use less energy than a standard or low-end built home and a green home A/C unit requirements is less then half the size of a standard built home.

     

    http://www.mamapedia.com/article/home-building-1-or-2-story-utility-cost-concerns

  • Campaigning for Better Building Codes

    Posted Under: Home Buying in Thomas County, Home Selling in Thomas County, In My Neighborhood in Thomas County  |  April 13, 2012 9:22 AM  |  294 views  |  No comments

    Campaigning for Better Building Codes

    Matt Pearce
    Campaign Specialist
    U.S. Green Building Council

    Earlier this month, USGBC launched our seventh and final campaign of the 2012 Advocacy Campaign Agenda: Build Better Codes. In this campaign, USGBC is calling on its community to actively engage in the greening of state and local building codes.

    Building codes define a state or community’s minimum expectations for all buildings. As such, this campaign to build better, greener codes plays an important role in enabling market transformation towards a market norm of healthy, low-impact, responsible and efficient buildings and neighborhoods.

    USGBC and many of its partners have long been active in developing a response to the demand for regulatory guidance for better, greener buildings. Building energy codes have filled some of the void, but fall far short of addressing the much broader spectrum of building-related risks to human and environmental health. State and local governments across the country will get their wish next week when the 2012 version of the International Green Construction Code (IgCC) is released. The IgCC, which includes ASHRAE Standard 189.1 as an optional path to compliance, serves to provide any code adopting body with the today’s best-available starting point for extending the benefits of green buildings to all buildings designed, built or renovated in a community.

    With all this new material for code adopting bodies to consider – and many already are – USGBC’s Build Better Codes campaign calls on the full community of green building professionals to coach these codes from idea into reality. I hope you’ll join us in our effort to Build Better Codes.

    http://usgbcblog.blogspot.com/2012/03/campaigning-for-better-building-codes.html?showComment=1334333054581#c5399078000029574105

    We defiantly need a better building code and for our County Inspector to up hold our existing code and not be so lenient on some or most of the existing builders and people building with no license and working under someone’s license with no building knowledge in Thomasville, GA and South Georgia. It is not right that homes are being built below to bare minimum code.

    http://www.capitalhomebuilders.com/Thomasville_Homes_Built.htm Images of homes in Thomas County being built bare to below minimum code by an unlicensed person working under someone else's building License in thomasville, GA. We believe this is one of the reasons homes in Thomasville, GA. are losing value. These homes being built by unqualified sub-contractors with cheap low end materials are hurting homes built right and built above minimum code.

  • Allowing A Dual Agent to Recommend and to the Home Inspection For A Home Buyer, That’s A NO, NO/…….

    Posted Under: General Area in Thomasville, Home Buying in Thomasville, Home Selling in Thomasville  |  March 29, 2012 1:00 PM  |  467 views  |  2 comments

    I found today an interested article that buyers and sellers should read. All 10 things are very interesting, but the one that stuck out the most was #7. Why? because today I ran across a very interesting review posted by a brokerage office.

     

    If a buyer is interested in buying a home that buyer should be or should have a family member setup and make sure that someone is available for all inspections and the home buyer should get their own inspector and not use one that is recommended by any realtor and a realtor should not recommend any inspectors to use. Recommending any one would be a conflict of interest (COI). Sometimes you learn this thing the hard way, but by then it is too late you already purchased a box not a home.

     

    http://finance.yahoo.com/education/real_estate/article/101456/10_Things_Your_Real_Estate_Broker_Wont_Tell_You

     

    7. "I won't let termites - or pesky inspectors - kill a deal."

    If a broker is selling a house, you figure he knows the place pretty intimately - after all, he talks a good game about the new kitchen, the big closets, the heated garage. What you need to worry about, though, are the home's features that he keeps to himself. Steve Van Grack, chairman of the Maryland Real Estate Commission, says, "We have had cases where [brokers have] been deceptive about termites and flood damage."

    You'd figure that the home inspector, who comes to check out the place before you close the sale, might notice those things. And he will - if he's not in cahoots with the broker. "Realtors give potential homebuyers lists of home inspectors," says S. Woody Dawson, a structural inspector in Connecticut. "Those are people who will rubber-stamp the house" in return for repeat business. As one who works outside those lists, Dawson says that he sometimes butts heads with overly controlling brokers. "One time I had a broker tell me that unless I told her the results of my inspection - which is confidential between myself and my client - she wouldn't let me get up on the roof. I got out my ladder and told her that unless she was big enough to stop me, I was going up there. She wasn't big enough."


    5 ways homebuyers are kept in the dark
     

    1.         Home inspections from agent-referred inspectors
    Home inspectors typically get their work from real-estate agents, and homebuyers seldom consider the problems with using an inspector recommended by an agent. This relationship, however, is one of the darkest corners of the real-estate business.

     

    Why you're in the dark
    Some agents — by no means all — pressure home inspectors to turn in a "good" report, says Barry Stone, a home inspector in San Luis Obispo County, Calif. In his syndicated column, "

    The House Detective," he has called the agent-inspector relationship "a clear conflict of interest."

    Here's why: Real-estate agents don't get paid unless a home sale goes through. A pre-sale home inspection that uncovers problems can be the kiss of death to a sale. At the least, the sale is slowed down.

     

    "Realtors constantly make these hints. They'll say, 'It really matters to me to close this deal,' " Stone says. "They won't come right out and tell you that they don't want you to disclose everything, but they'll hint at it."

     

    2. Dual agents
    Most states allow a real-estate agency — sometimes even the agent herself — to represent both buyer and seller in the same transaction. This is known as dual agency.

     

    Why you're in the dark
    Many real-estate agents with great integrity insist they can give both sides their loyalty and confidentiality. Or, if a conflict arises, they’ll step aside and ask a colleague to assist you.

    But critics call it a conflict of interest. What happens when a buyer instructs the agent to get the lowest possible price and the seller of the house tells the same agent to get the highest possible price?

     

    Also, confidentiality is at risk. That risk exists even if real-estate agents simply work in the same agency, says John Sullivan, a Realtor and president of the National Association of Exclusive Buyer Agents: "You're using common fax machines and office equipment. There are just too many instances where your information is subject to being disclosed."

     

    Traditionally, real-estate agents worked only for sellers. Today, state laws, which vary widely, govern agent-client relationships. (Find your state's real-estate commission and read the laws and rules at the Association of Real Estate License Law Professionals.)

     

    3. Agent incentives
    With the flooded home market these days, some sellers are offering to give agents incentives — cash, cars, trips and other prizes. They figure that agents are more likely to show their property when there's something in it for them. Also, agents often can earn a bonus from their own agency for selling one of the agency's listings.

     

    Why you're in the dark – This is a big one in

    South Georgia all you get is
    Guidance on what they want you to see.

    The trouble here is not bonuses, but the lack of disclosure. You deserve to know your agent's motives in selecting properties to show you and giving guidance on what to buy.

    “Manipulation at it best” 99% of all properties are sold by the same listing agent. and it is not because they have the best properties.

    The NAR ethics code requires agents to put clients' needs ahead of their own. But agents aren't required to disclose bonuses and incentives until the last minute, on your HUD-1 statement. Noncash prizes and trips need not be disclosed. DUAL AGENTS CAN NOT NEGOTIATE “They Are Useless” When using the same listing agent as your buyer’s agent, even if they are from the same office. They are just expensive paper pushers.



    How to turn on the lights:

    Demand disclosure. Ask your agent to agree to tell you if a property has incentives or bonuses attached.

    Craft an agreement that benefits you. Write a clause into your agent agreement that any bonuses or incentives attached to a property you buy go directly to you.

     

    Read More @

    http://realestate.msn.com/5-ways-homebuyers-are-kept-in-the-dark

     
  • “Big New Homes, Big Square Foot, Big Electrical Bill, Big Water Bill, With NO QUALITY!

    Posted Under: Home Buying in Thomasville, Home Selling in Thomasville, In My Neighborhood in Thomasville  |  March 28, 2012 10:32 AM  |  488 views  |  No comments

    How good can the quality be if these big homes when the person building is not licensed as a builder and has no building knowledge. I know building inspectors fallow the building code to the minimum, but this gives new meaning to “minimum code” more like bare to below as per my opinion.  “Good ol' boy network” My first conversation with this person was when he started building next to one of our homes. I asked if he is the builder he responded “YES” I told him that the subcontractors were burning construction materials he told me that he told them to burn it. I informed him that what he is doing is illegal, to please stop. He responded with “I don’t care”. I and a few residents called the fire department and they had to come out three times before he was fined, he stopped. It is bad enough that the real estate market is down, now we have to add these big and small cheap and bare minimum code built homes in Thomas County.   



  • Buying an Old Home or Remodeled Old Home!

    Posted Under: General Area in Thomas County, Home Buying in Thomas County, Home Selling in Thomas County  |  March 11, 2012 3:10 PM  |  634 views  |  No comments

    When buying a remodeled old home like from 1800, 1930 to 1978. One of the main concerns when remodeling an old home would be the removing of old materials. For Example:  asbestos and lead based paint as well you have old electrical wiring, A/C unit and plumbing. Thomasville, GA has it's share of old homes.

    Removing any of these materials are not cheap or easy and needs to be done right by professionals. If the home does not have any harmful materials the homeowner or the contractor should have documentation of no finding from the proper agencies performing the testing, then you are good to go, but if it was done without the assistance of the proper agencies then the removal of these materials was done wrong and the employees working on this home were exposed to these harmful fibers and so would be the buyers of these homes.
    Realtors selling these types of homes should have all property disclosure documents uploaded to the listing in order to provide the proper information that the home is safe and eliminating the possibility of exposure for any visitors. If no documents are provided as to the outcome of the testing or removal of the old materials, consumers would need to perform the proper testing of the indoor air and possibly the exterior grounds to ensure that it is a safe home.  If documentation does not exists of proper agencies of no problems with the home RUN!!!!.

    Throughout the United States, asbestos is a concern

    Asbestos:

    Asbestos is a mineral fiber. It can be positively identified only with a special type of microscope. There are several types of asbestos fibers. In the past, asbestos was added to a variety of products to strengthen them and to provide heat insulation and fire resistance.

    How Can Asbestos Affect My Health?
    From studies of people who were exposed to asbestos in factories and shipyards, we know that breathing high levels of asbestos fibers can lead to an increased risk of:

    • lung cancer;
    • mesothelioma, a cancer of the lining of the chest and the abdominal cavity; and
    • asbestosis, in which the lungs become scarred with fibrous tissue.

    The risk of lung cancer and mesothelioma increases with the number of fibers inhaled. The risk of lung cancer from inhaling asbestos fibers is also greater if you smoke. People who get asbestosis have usually been exposed to high levels of asbestos for a long time. The symptoms of these diseases do not usually appear until about 20 to 30 years after the first exposure to asbestos.

    Most people exposed to small amounts of asbestos, as we all are in our daily lives, do not develop these health problems. However, if disturbed, asbestos material may release asbestos fibers, which can be inhaled into the lungs. The fibers can remain there for a long time, increasing the risk of disease. Asbestos material that would crumble easily if handled, or that has been sawed, scraped, or sanded into a powder, is more likely to create a health hazard.

    http://www.epa.gov/asbestos/pubs/ashome.html

    Lead-Based Paint:

    Old lead-based paint is the most significant source of lead exposure in the U.S. today. Most homes built before 1960 contain heavily leaded paint. Some homes built as recently as 1978 may also contain lead paint. This paint could be on window frames, walls, the outside of homes, or other surfaces. Harmful exposures to lead can be created when lead-based paint is improperly removed from surfaces by dry scraping, sanding, or open-flame burning. High concentrations of airborne lead particles in homes can also result from lead dust from outdoor sources, including contaminated soil tracked inside, and use of lead in certain indoor activities such as soldering and stained-glass making.

    Health Effects of Exposure to Lead:

    Lead affects practically all systems within the body. At high levels it can cause convulsions, coma, and even death. Lower levels of lead can adversely affect the brain, central nervous system, blood cells, and kidneys.

    The effects of lead exposure on fetuses and young children can be severe. They include delays in physical and mental development, lower IQ levels, shortened attention spans, and increased behavioral problems. Fetuses, infants, and children are more vulnerable to lead exposure than adults since lead is more easily absorbed into growing bodies, and the tissues of small children are more sensitive to the damaging effects of lead. Children may have higher exposures since they are more likely to get lead dust on their hands and then put their fingers or other lead-contaminated objects into their mouths.

    http://www.epa.gov/iaq/homes/hip-lead.html

    Examples of Where Asbestos Hazards May Be Found In The Home:

    · Some roofing and siding shingles are made of asbestos cement.

    · Houses built between 1930 and 1950 may have asbestos as insulation.

    Where Can I Find Asbestos And When Can It Be A Problem?
    Most products made today do not contain asbestos. Those few products made which still contain asbestos that could be inhaled are required to be labeled as such. However, until the 1970s, many types of building products and insulation materials used in homes contained asbestos. Common products that might have contained asbestos in the past, and conditions which may release fibers, include:

    · STEAM PIPES, BOILERS, and FURNACE DUCTS insulated with an asbestos blanket or asbestos paper tape. These materials may release asbestos fibers if damaged, repaired, or removed improperly.

    · RESILIENT FLOOR TILES (vinyl asbestos, asphalt, and rubber), the backing on VINYL SHEET FLOORING, and ADHESIVES used for installing floor tile. Sanding tiles can release fibers. So may scraping or sanding the backing of sheet flooring during removal.

    · CEMENT SHEET, MILLBOARD, and PAPER used as insulation around furnaces and woodburning stoves. Repairing or removing appliances may release asbestos fibers. So may cutting, tearing, sanding, drilling or sawing insulation.

    · DOOR GASKETS in furnaces, wood stoves, and coal stoves. Worn seals can release asbestos fibers during use.

    · SOUNDPROOFING OR DECORATIVE MATERIAL sprayed on walls and ceilings. Loose, crumbly, or water-damaged material may release fibers. So will sanding, drilling or scraping the material.

    · PATCHING AND JOINT COMPOUNDS for walls and ceilings, and TEXTURED PAINTS. Sanding, scraping, or drilling these surfaces may release asbestos.

    · ASBESTOS CEMENT ROOFING, SHINGLES, and SIDING. These products are not likely to release asbestos fibers unless sawed, drilled or cut.

    Sray Foam Insulation:

    Spray foam insulation in the attic area will help any home by reducing the heat in an attic space and at the same time help the A/C unit from working as hard. This will not give you an energy efficient home. If the home is not started with the concept of building it energy efficient from the ground up and many steps taken to achieve a proper rating by a third party it is not an energy efficient home. And there is no such thing as energy efficient spray foam! Spray foam are available as a closed cell or open cell but not available as an energy efficient spray foam.

    Thomasville, GA has it's share of old homes and new homes built to bare and below minimum code.

    Documentation of proper removal from proper agency, even if the agency did not find any Lead, Mold, or Asbestos it should be documentation if not DO NOT BUY that old home.

    http://greenhomeguide.com/askapro/question/energy-efficient-homes - NO, YOU CAN NOT Thomasville, GA. REALTORS. This would be faults advertising.

  • No consensus on real estate dual agency, double-ending!

    Posted Under: General Area in Thomas County, Home Buying in Thomas County, Home Selling in Thomas County  |  March 2, 2012 3:43 AM  |  659 views  |  No comments
    You can't fix stupid, but you can fix ignorant - Get informed about dual agency or lose money!

    Editor's note: This article is part of an ongoing series focusing on dual agency and other forms of real estate representation. View a full list of "Beyond Dual Agency" articles. Consumer groups frown on it, calling it, at best, "nonsensical," at worst,

    "legalized fraud," but to the real estate industry, the practice of "double-ending" real estate deals, in some states referred to as dual agency, is a more nuanced practice -- one that is fairly common and often acceptable under certain circumstances, though perhaps at times difficult to navigate.   Inman News recently conducted an online survey of agents and brokers -- "Real Estate: Behind the Curtain" -- that asked
    real estate professionals about the frequency and acceptability of more than three dozen customs and practices, including the practice of agents engaging in dual agency and other forms of "double-ending," or representing both buyer and seller in the same transaction.


    Dual agency can carry a different meaning in different states -- it can refer to the practice of a single agent representing both buyer and seller in the same transaction, and it can also refer to the practice of two agents from the same office who separately represent a buyer and seller in the same real estate transaction -- that form of representation is referred to as "designated agency" in states that have implemented rules governing the practice.

     
    Also, every state allows some form of double-ending, and many states that don't allow dual agency permit "transaction brokerage," in which an individual real estate licensee can work with both buyer and seller in the same transaction in a non-agency capacity. Transaction brokers do not serve in a fiduciary capacity for any party in the transaction and simply work to facilitate the transaction.
      Nearly 3 out of 4 respondents to the Inman News survey said it's "common" for a listing agent and buyer's agent from the same office to separately represent both the buyer and seller in the same real estate transaction, and 41 percent said the same about individual agents double-ending a deal.  
    Over half (58.3 percent) said it was either unacceptable or "not desirable" for a single agent to represent both sides of the same transaction, though more than 1 in 3 said it was acceptable.
     
    Two-thirds (67.1 percent) said it was acceptable for a listing agent and buyer's agent from the same brokerage to represent buyer and seller in the same transaction, though a quarter said it was either unacceptable (13.9 percent) or not desirable (11.4 percent).  
    Agents and brokers in states that allow an agent to be the facilitator of a transaction but not an advocate and true representative for either the buyer or seller -- often called transaction brokerage -- generally found little fault in that practice, whether it involved one agent or two.
     
    Dual agency
    Most real estate professionals contacted by Inman News said it is not possible for one person to act in the best interests of both parties in a transaction because sellers and buyers inherently have conflicting interests: Mainly, buyers hope to pay as little as possible for a home, while sellers hope to sell their home for as much as possible.
     
    "Dual agency is very much like hiring your spouse's attorney to represent you in the divorce proceeding," said Patrick Armbrust, a real estate broker and owner of Armbrust Real Estate Institute in Denver.


    "Let's say an agent for both the buyer and seller (in the same transaction) knows the seller would accept less than the listed price.


    "Should the broker reveal that fact to the buyer in hopes of remaining loyal to the buyer? If so, does that broker violate his/her agency with the seller? If the broker does not tell the buyer, in hopes of remaining loyal to the seller, would the broker violate agency with the buyer? An interesting conundrum."

     
    The state of Colorado does not allow "dual agency," but "non-agent" transaction brokerage -- which allows a real estate licensee to work with both buyer and seller in the same transaction -- is the default form of real estate representation in the state.
    "I believe from a strictly legal standpoint the fiduciary goes out the window with dual agency. It simply is not possible. That does not mean the agent cannot be honest and fair with both parties. They just cannot have undivided loyalty, which is part of the fiduciary duty," said David Welch, a broker at Re/Max 200 Realty in Orlando, Fla.  
    "I am a transaction broker 100 percent of the time. I have to be honest and fair, account for all funds, use skill, care and diligence in the transaction, disclose anything that may materially effect the value of residential property, and present offers and counteroffers in a timely manner" -- all of those duties are required of transaction brokers under state law.
     
    "I also must keep motivation(s) of buyer and/or seller confidential as well as the price they are willing to pay (or) accept unless in a written counteroffer, and I must keep seller financing terms confidential unless in a written counteroffer."
     
    Some real estate professionals said it would be difficult for an agent not to be biased in favor of the seller in a dual agency transaction involving an individual real estate agent, since typically the agent has signed a listing agreement with the seller before meeting the buyer.
     
    "For me ... I've either sold (the sellers) the house and been in touch for years, they are friends or referrals, or a simple lead that needs to sell. We've typically spent time with them preparing their home for sale, all the while getting to know them," said Debe Maxwell, broker-owner at Savvy Plus Co. Real Estate in Charlotte, N.C.
     
    "A (yard) sign or Internet buyer call is an unknown customer and our 'relationship,' if you want to call it that, has long since been established with the sellers."  
    Nonprofit consumer advocacy group Consumer Advocates in American Real Estate (CAARE) calls dual agency involving one agent "legalized fraud" and "the ultimate 'bait and switch.' " The group's argument is that when a previously represented buyer becomes interested in a home listed by the same agent, that agent can suddenly cease to be an advocate for the buyer.
     
    "Dual agency is potentially one of the worst 'bait and switches' possible because it involves the 'switch' (abandonment) of a trusted adviser and advocate. Even with disclosures, consumers rarely expect the change in relationship that comes with dual agency and they are almost never prepared for the complete abandonment that defines dual agency," the group said on its website.
     
    Gary Herbst, president and principal broker at Buyer's Edge Realty, a brokerage in Tarrytown, N.Y., that works exclusively with buyers, used similar terms to describe dual agency.
     
    "(Dual agency) is self-serving, it's a conflict of interest, it's legalized fraud ... and it's very unprofessional. (Dual agents are) representing their own interests rather than the interests of their clients, all because of money and transaction control," Herbst said.
     
    "Dual agency ... is a nonsensical concept since there is no way a broker can represent the financial interests of both seller and buyer," the Consumer Federation of America (CFA) said in a June 2006 paper.  
    Nevertheless, some real estate professionals say dual agency -- of the type in which one agent represents both buyer and seller in the same transaction -- is acceptable when the agent is honest and fair to both buyer and seller. (Izzy) When an agent know to much of both parties they have the advantage to use that information to manipulate the situation to their benefit more commission. 
      
     
    "At the end of the day, the seller wants to get (the home) sold and the buyer wants a home. If an agent is honest, (that agent) can easily put a deal together that both parties are happy with," said Stephen Long, a broker at Premier Realty, NC, in South Advance, N.C. (Izzy) This comment is not correct because the agent knows everything from both parties and CAN NOT be an advocate for ether side and CAN NOT get the best price for ether parties all he/she is, is a paper pusher. ( in a devoice you would not use the same lawyer)
     
    Disclosures
    State laws vary on whether and what kinds of dual agency are allowed. And all states that allow dual agency require agents to provide buyers and sellers with disclosure related to dual agency.  
    Many states require agents to provide buyers and sellers with disclosures regarding agency relationships.  
    Most states require brokers to provide buyers and sellers with written disclosures of agency relationships. In Florida, licensees are presumed to be acting as transaction brokers and are not required to provide consumers with agency disclosures unless they are representing clients under a single agency relationship.  

    Limited services
    Dual agents are often limited in the services they can provide their clients, especially when it comes to offering advice and negotiating. Disclosures often spell out, both for agents and consumers, what dual agents may or may not do. For example, the Chicago Association of Realtors' exclusive listing agreements and buyer-broker agreements spell out nine services agents can provide during dual representation and five services they cannot provide.
     
    "When representing the seller and the buyer on a transaction, I provide the exact same (comparative market analysis) and give each a copy. I explain to them that I am basically a middleman delivering offers and counteroffers based on the duplicate data each of them have in their possession," said Alexis Eldorrado, managing broker of Eldorrado Chicago Real Estate LLC. She said dual agency is "extremely common" in the Chicago market.  (Izzy) The Agent CAN NOT NEGOTIATE!
     
    Some real estate professionals argue that dual agency flies in the face of true real estate representation.
     
    Sam Chapman, an agent at Private Label Realty in Austin, Texas, where an "intermediary" relationship is allowed, said such agents "just hand paperwork back and forth" and consequently "are of little use aside from getting the contract together."
     
    "There is no longer representation for either side. Imagine going to a pharmacy and getting your prescription filled and the pharmacist not giving you any information about side effects, interactions and other cautionary information," Chapman said.
     
    "At the very least, (dual agency doesn't) provide services to consumers that they could easily receive by avoiding a dual agency situation," said Kimberly Kahl, executive director of the National Association of Exclusive Buyer Agents (NAEBA).  

    Dual agency can be risky business
    In addition to reduced services to both parties, the pitfalls of dual agency can include a diminished sense of trust between agent and clients and an attendant risk of liability, some agents and brokers say.
     
    "Not having practiced dual agency, it is my belief that an informed consumer would question the loyalty and advocacy of a dual agent. In my opinion, supporting the validity of dual agency as it is typically defined requires some creative mental gymnastics," Armbrust said.
     
    Stephanie Kelley, an agent at Keller Williams, Legacy in San Antonio, Texas, said when buyers and sellers are represented by a lone intermediary in a transaction, "risk is likely to occur when one party to the transaction becomes disgruntled. The client is more likely to seek mediation or sue because (the client doesn't) feel (he or she has) been properly represented. Even if the agent is proven not to be at fault, it can cost valuable time and money."
     
    Property defects can be a particular concern when it comes to liability.
     
    "Something is bound to break after the purchase of a home," Maxwell said. "When the buyer finds the defect, the immediate thought is that '(The agent) tried to pull the wool over (my) eyes!' " (Izzy) And sometimes the agent does so.
     
    The risk of legal repercussions especially apply if a brokerage offers incentives, such as higher commission splits, to agents who sell in-house listings to their buyers.
     
    "My broker doesn't endorse this practice, as it may lead to an agent ignoring the best interests of the client in favor of the best paycheck," said Chris Dowell, an agent at Re/Max Premier Realty in Prairie Village, Kan., a Kansas City, Mo., suburb. Dual agency and several other forms of representation are permitted in Missouri. (Izzy) I could not have said it better.
     
    "There is a large, local brokerage that pays a significant bonus for selling in-brokerage listings, and because of that, faces ... lawsuits, as well as a buying public that is very cynical toward that brokerage's actions." (Izzy) I am sure this happens a lot.
     
    Some agents will agree to take a lower commission when they handle both sides of a transaction -- an approach endorsed by consumer groups. Others say the extra risk involved in double-ending deals merits they take the full commission.
     
    Why it persists
    Often buyers will agree to, or even pursue, situations in which one agent works with both buyer and seller in the belief that it will save the buyer's agent portion of the commission paid by the seller, thus reducing the overall cost of the house, agents and brokers say. (Izzy) This will NOT HAPPEN. I have not seen this at all.
     
    "It's all about saving money. Most buyers think they can save on price by asking a dual agent to knock down his or her commission. Most don't understand that commissions are negotiated at the time of the listing," said Stephanie Crawford, an affiliate broker at Zeitlin & Co. Realtors in Nashville, Tenn., a state that allows single agency, dual agency (called "limited agency"), designated agency, and transaction "facilitator" forms of real estate relationships.
     
    "Many people think they are saving money by going directly to the listing agent. A good buyer's agent is worth their weight in gold -- even at today's prices. I don't really think (consumers) understand about the different levels of service or obligations under the varying relationships," Kelley said.

     It is really interesting how local realtors and brokerage office in the past were trying to keep us quiet about Dual Agency, but now we have brokerage offices talking about and describing dual agency. But they have it wrong and these are brokers that have been in business for a long time and they still do not know the difference in agencies, wow! Dual agency is not only two different agents from the same office, but also the same agent working for the buyer and seller which is 99% practice in South Georgia. Like I said before 99% of all listings sold in Thomas County are sold by the same listing agent, so they may talk about dual agency on their website but they still practice 99% of the time the same agent for seller & buyer mean full commission. 

    http://www.inman.com/news/2012/02/22/no-consensus-real-estate-dual-agency-double-ending

  • Growing Epidemic Dual Agency Selling Their Own Listing South Georgia

    Posted Under: General Area in Thomasville, Home Buying in Thomasville, In My Neighborhood in Thomasville  |  February 1, 2012 6:45 AM  |  909 views  |  No comments

    So Why Does Dual Agency Even Exist?

    Brokers want to double-dip on their own listings. What are the benefits of dual agency? to a Buyer or Seller NON,

    A listing agent who also represents the buyer is a dual agent. Dual agents cannot operate in a fiduciary ("trust,") relationship with either party and must treat both sellers and buyers equally. They cannot share confidential information but they cannot give confidential advice.

    A dual agent in California was sued by the seller because she told the buyer to ask for a carpet allowance from the seller. It is very difficult to obtain the highest and best price for the seller when the agent also represents the buyer. The dual agent cannot advise on home price nor terms nor negotiate on anyone's behalf.

    Brokers have invented a fig-leaf called Disclosed Dual Agency in order to cling to the doubled commissions.

    No Dual Agency!

    Dual Agency is the process by which one real estate broker represents both the seller and the buyer in a transaction. It is legal in Georgia, provided it is fully disclosed and consented to by all parties. It is also of questionable ethics at best! Agents in some states are forbidden to engage in Dual Agency.


    So What Benefit Does a Buyer or Seller Have When Using a Dual Agent?

    Buyer = NON, 

    Seller = NON,

    Dual Agency = Full 6% Commission

    The Florida Everglades are not the only place posing a big problem with snakes.

    Builder Holds a Florida & Georgia Real Estate Lic.

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