Question Details

Gary De Pury, Real Estate Pro in Pasco County, FL

I recently had an experience where an agent listed a lease property at one price

Asked by Gary De Pury, Pasco County, FL Sat Feb 16, 2008

But then the lease showed up with a different higher price. The explanation was that, they do this all of the time and the as long as the tenant pays on time, the listed price would be honored.

I demonstrated the laws, code of Ethics, and MLS rules to the agent and he immediately corrected the mistake. It is a rookie mistake, he is most likely forgiven, and we will drive on.

BUT….

How many of you have recently experienced similar issues? Please tell me about them and what actions you took, and if it was resolved to your (clients) satisfaction



Gary De Pury
Broker-Owner
Bay Vista Realty & Investments, Inc.
Chairman, Communications Committee
Director, Florida Association of REALTORS®

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I don't have a specific example to add to this.

However, since we're trying to educate consumers, my advice to them would be: Always read everything before signing it. Make sure you understand everything before you sign it. And make sure that what's written is what you'd agreed to.

I often hear, "Well, no, I didn't read the whole thing before signing." Or, worse (as might have happened in the example in this question): "Well, he told me that I could ignore that section." Or, as in a question I answered a day or two ago, "She told me it meant X. But now the seller is saying it meant Y. And now my agent is saying she told me it meant Y."

Get it in writing. And make sure that what's in writing conforms to your understanding of the agreement. Otherwise, don't sign it.
0 votes Thank Flag Link Sat Feb 16, 2008
Don Tepper, Real Estate Pro in Fairfax, VA
MVP'08
Contact
Great Answer Don. In this case the agent tried to use a early payment bonus for the tenant. but he simply inverted the advertised price and the discounted price. You can't do that in our business.

Anyway, this is a learning forum and we are all learing. Your point about reading EVERYTHING is well taken and spot on.

Thanks for the input.
0 votes Thank Flag Link Sat Feb 16, 2008
And I respectfully deny your respectful request.

You see, consumers can also learn from this. I am asking for answers form all comers.

But thank-you for telling me where it belongs........

Gary De Pury
Broker-Owner
Bay Vista Realty & Investments, Inc.
Chairman, Communications Committee
Director, Florida Association of REALTORS®
0 votes Thank Flag Link Sat Feb 16, 2008
Guy, this should be in the agent2agent section, instead of Q & A, Q & A is for questions and topics that consumers would be interested in.

I respectfully request that you remove it from this section. Thanks.
- Jim
0 votes Thank Flag Link Sat Feb 16, 2008
Jim Walker, Real Estate Pro in Carmichael, CA
MVP'08
Contact
UPDATE....

Now my clients have decided to buy instead of rent. So that Realtor kind of cost himself a lease with a rookie mistake.

Gary De Pury
Broker-Owner
Bay Vista Realty & Investments, Inc.
Chairman, Communications Committee
Director, Florida Association of REALTORS®
0 votes Thank Flag Link Sat Feb 16, 2008
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