Comments on: Form 17 — an addendum to the contract? http://raincityguide.com/2008/07/03/form-17-an-addendum-to-the-contract/ Seattle's Leading Resource for Real Estate Information Sat, 20 Mar 2010 16:58:13 -0700 http://wordpress.org/?v=2.8.4 hourly 1 By: When to sue for an undisclosed defect | Seattle Real Estate ~ Rain City Guide http://raincityguide.com/2008/07/03/form-17-an-addendum-to-the-contract/#comment-322778 When to sue for an undisclosed defect | Seattle Real Estate ~ Rain City Guide Fri, 01 Aug 2008 16:43:19 +0000 http://raincityguide.com/?p=1995#comment-322778 [...] all, of what you seek to recover. (In the case of Stieneke v. Russi, which I discussed in my last post, the cost of repair was $72k, but the attorney fees and costs through appeal were $175k.) Will you [...] [...] all, of what you seek to recover. (In the case of Stieneke v. Russi, which I discussed in my last post, the cost of repair was $72k, but the attorney fees and costs through appeal were $175k.) Will you [...]

]]> By: Kary L. Krismer http://raincityguide.com/2008/07/03/form-17-an-addendum-to-the-contract/#comment-321620 Kary L. Krismer Mon, 14 Jul 2008 16:30:06 +0000 http://raincityguide.com/?p=1995#comment-321620 Craig, you fool! Don't you know that if you used non-standard forms on an agent they'd have to send their client to an attorney, and you could further promote the wasteful spending of money on attorneys? ;) :D Seriously, thanks for the answer. On the tweak thing I was just wondering if you saw some basic deficiencies of the NWMLS forms. Craig, you fool! Don’t you know that if you used non-standard forms on an agent they’d have to send their client to an attorney, and you could further promote the wasteful spending of money on attorneys? ;) :D

Seriously, thanks for the answer. On the tweak thing I was just wondering if you saw some basic deficiencies of the NWMLS forms.

]]> By: craig http://raincityguide.com/2008/07/03/form-17-an-addendum-to-the-contract/#comment-321615 craig Mon, 14 Jul 2008 15:59:28 +0000 http://raincityguide.com/?p=1995#comment-321615 Kary -- we generally use the NWMLS forms as there is usually an agent involved on the other side of the transaction. We have our own "forms" that we can use as well. As for "tweaks" to the forms, we generally draft those on an as-needed basis depending on the circumstances. Kary — we generally use the NWMLS forms as there is usually an agent involved on the other side of the transaction. We have our own “forms” that we can use as well. As for “tweaks” to the forms, we generally draft those on an as-needed basis depending on the circumstances.

]]> By: Kary L. Krismer http://raincityguide.com/2008/07/03/form-17-an-addendum-to-the-contract/#comment-321613 Kary L. Krismer Mon, 14 Jul 2008 15:50:31 +0000 http://raincityguide.com/?p=1995#comment-321613 Craig, out of curiosity, do you use the state-wide forms, or do you have other forms. If the former, do you have tweaks you do to them (like say I have changing 22-NFW)???? Craig, out of curiosity, do you use the state-wide forms, or do you have other forms. If the former, do you have tweaks you do to them (like say I have changing 22-NFW)????

]]> By: craig http://raincityguide.com/2008/07/03/form-17-an-addendum-to-the-contract/#comment-321610 craig Mon, 14 Jul 2008 15:44:01 +0000 http://raincityguide.com/?p=1995#comment-321610 david -- I am not a discount brokerage. I am an attorney. Everyone else -- I suggest you are giving mr. losh a little too much credit. He strikes me as the type to disagree simply for the sake of disagreeing -- he's not overly concerned with the merits of the argument or responding to the points made by other participants in the conversation (as I indicated in #49). david — I am not a discount brokerage. I am an attorney.
Everyone else — I suggest you are giving mr. losh a little too much credit. He strikes me as the type to disagree simply for the sake of disagreeing — he’s not overly concerned with the merits of the argument or responding to the points made by other participants in the conversation (as I indicated in #49).

]]> By: ARDELL http://raincityguide.com/2008/07/03/form-17-an-addendum-to-the-contract/#comment-321465 ARDELL Sat, 12 Jul 2008 19:15:21 +0000 http://raincityguide.com/?p=1995#comment-321465 David, 6 of the 14 authors here are agents from different companies. It's NOT a business model and it's NOT a "group" effort to BE something. We are individual authors on a Group Blog, and we do not consult with one another with regard to what we may or may not write about. And none of the agents have any ownership of the site. Dustin owns it. He's not even in the real estate industry, per se. If we are about anything collectively, we are about being honest and transparent as much as possible. Each of us has a different truth :) We have few "rules". No blatant self promotion, for authors or commenters. No attacking people vs. ideas. I guess you can hate anyone who may appear to charge less than you do (no one really knows for sure), but that just makes you look bad. Using the word "discounter" is a put down. At least recognize that. If everyone started charging 2% more, you would be "a discounter" by comparison. The word "discounter" is used to suggest that someone is or some Company is somehow lesser. We all know that every Company comes with it's own greater and lesser in the mix of many agents, regardless of amount charged. The fallacy is that all who charge more are worth more, and all who charge less are worth less. The reality is that each of us can be worth more or less on any given day, depending on the circumstances at hand, and the particular needs of each person. "We are an Agency State" ONLY if the purchaser of the service agrees. We are by default an Agency State EXCEPT where the parties agree in writing to be something else. People want more choices. They don't want the State to regulate to the degree that it decreases their choices, and increases their cost. I love our State Laws as they give people the highest level as the default, lacking another agreement between the parties. But please don't suggest that our State does not permit the free will of its residents to change that to whatever they want. Even God doesn't do that. David,

6 of the 14 authors here are agents from different companies. It’s NOT a business model and it’s NOT a “group” effort to BE something. We are individual authors on a Group Blog, and we do not consult with one another with regard to what we may or may not write about. And none of the agents have any ownership of the site. Dustin owns it. He’s not even in the real estate industry, per se.

If we are about anything collectively, we are about being honest and transparent as much as possible. Each of us has a different truth :) We have few “rules”. No blatant self promotion, for authors or commenters. No attacking people vs. ideas.

I guess you can hate anyone who may appear to charge less than you do (no one really knows for sure), but that just makes you look bad. Using the word “discounter” is a put down. At least recognize that. If everyone started charging 2% more, you would be “a discounter” by comparison. The word “discounter” is used to suggest that someone is or some Company is somehow lesser.

We all know that every Company comes with it’s own greater and lesser in the mix of many agents, regardless of amount charged. The fallacy is that all who charge more are worth more, and all who charge less are worth less. The reality is that each of us can be worth more or less on any given day, depending on the circumstances at hand, and the particular needs of each person.

“We are an Agency State” ONLY if the purchaser of the service agrees. We are by default an Agency State EXCEPT where the parties agree in writing to be something else.

People want more choices. They don’t want the State to regulate to the degree that it decreases their choices, and increases their cost.

I love our State Laws as they give people the highest level as the default, lacking another agreement between the parties. But please don’t suggest that our State does not permit the free will of its residents to change that to whatever they want. Even God doesn’t do that.

]]> By: Greg Perry http://raincityguide.com/2008/07/03/form-17-an-addendum-to-the-contract/#comment-321457 Greg Perry Sat, 12 Jul 2008 18:06:47 +0000 http://raincityguide.com/?p=1995#comment-321457 David, re. 64 "It’s a business model." No, it's a blog and you are a commenter. "A person, in theory, can go to the Internet, shop for a home, get a mortgage, have it written up and presented, order title, then closed by a virtual escrow office." This could be done in theory for years now. There are some who like to see real estate reduced to a simple transaction, however, it will never be. The fact is, it does get more complicated every year. "Claiming that you are something other than a business model isn’t fair." I'll claim it for them. I am just a commenter and I can assure you that this is a blog. "We are an Agency state. Yes Real Estate agents should be competent. I think Brokerages have a responsibility to over see the agents who do transactions in their names. I don’t see that happening. Brokers send agents to training courses." I'm sorry you're not seeing broker oversight. Frankly, I am. We've spent the entire spring in mandatory classes and seminars dissecting the recent changes. In addition we've spent considerable weekly meeting time on the changes. Our broker let it be known that any agent not taking a distressed homeowner class would not be able to write a deal in his company. Granted some companies lack oversight, however NWMLS fines and DOL are making it harder and harder for them. And by the way, exactly what is wrong with a good class or a training course? Can I ask you if you've ever taken a CRS class or any other quality class recently? "We are at a point where attorneys need to be involved because agents can’t negotiate an Agreement." I do not see it this way at all. Yes, there have been changes, however agents who keep up with the changes are fine. Those who don't, practice at their peril. It's always been that way. David, re. 64

“It’s a business model.”
No, it’s a blog and you are a commenter.

“A person, in theory, can go to the Internet, shop for a home, get a mortgage, have it written up and presented, order title, then closed by a virtual escrow office.”

This could be done in theory for years now. There are some who like to see real estate reduced to a simple transaction, however, it will never be. The fact is, it does get more complicated every year.

“Claiming that you are something other than a business model isn’t fair.”

I’ll claim it for them. I am just a commenter and I can assure you that this is a blog.

“We are an Agency state. Yes Real Estate agents should be competent. I think Brokerages have a responsibility to over see the agents who do transactions in their names. I don’t see that happening. Brokers send agents to training courses.”

I’m sorry you’re not seeing broker oversight. Frankly, I am. We’ve spent the entire spring in mandatory classes and seminars dissecting the recent changes. In addition we’ve spent considerable weekly meeting time on the changes. Our broker let it be known that any agent not taking a distressed homeowner class would not be able to write a deal in his company. Granted some companies lack oversight, however NWMLS fines and DOL are making it harder and harder for them. And by the way, exactly what is wrong with a good class or a training course? Can I ask you if you’ve ever taken a CRS class or any other quality class recently?

“We are at a point where attorneys need to be involved because agents can’t negotiate an Agreement.”

I do not see it this way at all. Yes, there have been changes, however agents who keep up with the changes are fine. Those who don’t, practice at their peril. It’s always been that way.

]]> By: david losh http://raincityguide.com/2008/07/03/form-17-an-addendum-to-the-contract/#comment-321452 david losh Sat, 12 Jul 2008 16:44:09 +0000 http://raincityguide.com/?p=1995#comment-321452 It's a business model. The internet could be a one stop shopping experience for Real Estate. A person, in theory, can go to the internet, shop for a home, get a mortgage, have it written up and presented, order title, then closed by a virtual escrow office. I left the insurance to a seperate sentence because we are already seeing a lot of that. Yes you are a group who could do business as I have described, right now, today, you are all collectively set up to do exactly what I have outlined. Claiming that you are something other than a business model isn't fair. With everything that's going on today I think Real Estate in particular needs more over sight rather than less. We are an Agency state. Yes Real Estate agents should be competent. I think Brokerages have a responsibility to over see the agents who do transactions in thier names. I don't see that happening. Brokers send agents to training courses. We are at a point where attorneys need to be involved because agents can't negotiate an Agreement. That should be the warning sign of how bad it's gotten. It’s a business model. The internet could be a one stop shopping experience for Real Estate. A person, in theory, can go to the internet, shop for a home, get a mortgage, have it written up and presented, order title, then closed by a virtual escrow office.
I left the insurance to a seperate sentence because we are already seeing a lot of that.
Yes you are a group who could do business as I have described, right now, today, you are all collectively set up to do exactly what I have outlined.
Claiming that you are something other than a business model isn’t fair.
With everything that’s going on today I think Real Estate in particular needs more over sight rather than less.
We are an Agency state. Yes Real Estate agents should be competent. I think Brokerages have a responsibility to over see the agents who do transactions in thier names. I don’t see that happening. Brokers send agents to training courses.
We are at a point where attorneys need to be involved because agents can’t negotiate an Agreement. That should be the warning sign of how bad it’s gotten.

]]> By: Rhonda Porter http://raincityguide.com/2008/07/03/form-17-an-addendum-to-the-contract/#comment-321425 Rhonda Porter Sat, 12 Jul 2008 05:54:53 +0000 http://raincityguide.com/?p=1995#comment-321425 What on Earth! With everything that's been going on today, I totally missed David's comment 60. I see us as a real estate/tech menagerie blog. :) None of us are connected. We are a collection of professionals from different fields with different backgrounds and opinions. That's what I enjoy about being a part of RCG! What on Earth! With everything that’s been going on today, I totally missed David’s comment 60. I see us as a real estate/tech menagerie blog. :)

None of us are connected. We are a collection of professionals from different fields with different backgrounds and opinions. That’s what I enjoy about being a part of RCG!

]]> By: ARDELL http://raincityguide.com/2008/07/03/form-17-an-addendum-to-the-contract/#comment-321418 ARDELL Sat, 12 Jul 2008 05:30:18 +0000 http://raincityguide.com/?p=1995#comment-321418 "This is a discount brokerage site." LOL! David! 1) It's not a site...it's a blog! 2) It's not a brokerage site at all!...it's a group blog. 3) RainCityGuide is not a brokerage. 4) The people who write here have no business affiliations with one another. 5) It's about people having choices based on their needs. Not everyone needs the same thing. It's the United States of America where we have many kinds of laundry detergent and people like choices. Keep trying, David. If you have to keep putting labels on us in your learning process, that's OK. It's a blog. It's a group blog. It doesn't have a unified purpose other than to maybe break a few molds. “This is a discount brokerage site.”

LOL! David!

1) It’s not a site…it’s a blog!
2) It’s not a brokerage site at all!…it’s a group blog.
3) RainCityGuide is not a brokerage.
4) The people who write here have no business affiliations with one another.
5) It’s about people having choices based on their needs. Not everyone needs the same thing. It’s the United States of America where we have many kinds of laundry detergent and people like choices.

Keep trying, David. If you have to keep putting labels on us in your learning process, that’s OK. It’s a blog. It’s a group blog. It doesn’t have a unified purpose other than to maybe break a few molds.

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