Redfin Real Estate Consumer Bill of Rights

Redfin has proposed a Real Estate Consumer Bill of Rights. Redfin seemed heading in the right direction to some and dead wrong to others. How vote ye?

We think a Redfin blog comment by Afthird may help steer “Consumer Bill” right in Real Estate:

While some of your suggestions are great, it’s too bad you guys didn’t seek a little input from those involved in real estate a bit longer. If you had, I bet these rights would have been at the top:

1. Know how experienced your agent is. How many years have they been a real estate agent. How many homes did they personally transact last year. How about the year before and the year before that? In how many transactions were they representing the buyer and how many the seller?

2. Know if your agent is a local market expert. How many homes have they personally sold in this neighborhood? How about this zip code? How far away do they live? How long have they lived in the area? Have they been around long enough to see the ups and downs of the real estate market? Is your agent involved in the local community?

3. Know how much expert realty advice you will receive from your agent. Will they use their market knowledge to help you find the perfect home? Will they advise you on if a property is a good or bad investment? Will they tell you to avoid homes that are bad choices based on their experience? Will they personally be on the lookout for a home that meets your needs even before it comes on the market?

I’d suggest folks looking for an agent read this:
http://www.realestateabc.com/homeguide/choose.htm.

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