A New Form Of Poacher : The Gene Molloy Real Estate Blog

The Gene Molloy Real Estate Blog

Nov. 20, 2007 - A New Form Of Poacher

You can't see this everywhere, because many Condominium Associations don't allow for sale signs on their property. Being the President of the Board of Directors of my Association I can't say as I blame them either. When you drive by a complex where there is a multitude of for sale signs you really have to wonder if something isn't wrong with the association. Why, you ask yourself, do so many people want to leave this place?

Recently, however, I have noticed that in places that do allow for sale signs there is a new form of poacher rising up. There amid the signs of the Real Estate Companies is the little red and white For Sale By Owner signs that you get at the hardware store. Not that there hasn't always been plenty of FSBO signs around. The brave and the daring have been trying to go it alone for as long as I have been in the business. This is different though.

These are opportunists who figures that there is plenty of traffic being drawn by the real estate agents who are marketing the listed properties so why pay a commission? Simply put out a sign and the people who are coming to view the listed properties will surely be curious. Some of them might even ditch their agents and call us directly later on.

It's my personal opinion that this type of poacher is a real thief. Not only are they poaching off of the marketing dollars the listing agents are spending to draw traffic, but they are also trying to poach the buyers agents clients as well. In a market as soft as this one is I call this Felony Theft. The problem is, the only ones the Code of Ethics, the laws, and the rules and regulations apply to is the licensed real estate professionals.

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