It is time we all took a deep breath. It’s time this real estate market of ours took a time out.
Bully offers, kick backs, lower standards, frustrated buyers, greedy sellers, poor communication all around - mixed together to create a terrible market and industry. Unfortunately the lowest business standards are prevailing amongst us in this industry.
It was bound to happen. There are too many of us fighting over too little business. I am reminded of hyenas fighting over the carcass of a small animal when I view the day to day happenings of our industry. Match the frenzy with inexperienced, unprepared and desperate realtors, and we are bound to have problems.
I am not proud to be associated with many of the realtors who call this industry their own. Most view their business as the next two deals rather than the next two hundred. Frankly most won’t be around to experience 200 deals. Many buyers and sellers out there are being represented by realtors who have no clue as to what they are doing. They don’t know how to help their clients - to guide them through the minefield of a real estate transaction. Experienced, business driven and client orientated realtors are getting more and more frustrated and rightfully so.
So what to do? I really don’t know - none of us have control of the market or our industry. Our board and RECO pay little attention to day to day activities. Many real estate brokerages are at a loss to keep their agents in line - some do. The competition bureau has help create an industry where representation of clients interests are fashioned or based on a price. How much are you charging is driving the market. Certainly price is always an element in the selection of a realtor, but basing a decision solely on price is a mistake not only in real estate but in most if not every other product or service.
I guess we can ride it out and hope no one gets hurt too much. This market will stop, change will eventually happen and when it does many will be driven out of the industry. We all need to individually do the very best we can at keeping our standards high.
As for me, I just took a deep breath and I feel much better