In #DysTrumpian era of “Consumer Protect Thyself,” powerful DIY tool for Homebuyers

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In #DysTrumpian era of “Consumer Protect Thyself,” will real estate innovators step into the gap to help consumers make informed decisions? This campaign was launched today, #FlagDay and the first day of #NAREE17, to give homebuyers a powerful DIY tool: a compelling Pledge Of Allegiance they expect from their buyer agents. It’s designed to prevent conflicts of interest which means zero tolerance for dual or designated agency.

Credit where credit is due: Maureen Glasheen, then attorney at the NY Dept of State, created the original Pledge of Allegiance approximately 25 years ago; and Doug Miller, founder of http://CAARE.org updated the text several years ago. Frances Flynn Thorsen created the video magic this morning!

Sharing links here so others use:

(1) Watch video http://bit.ly/GetREPledge (share via social media)

(2) Print form http://bit.ly/PledgeCAARE (share via social media)

Finally, the blog post below explains why the newly revised agency disclosure form in Massachusetts is already obsolete and points to the future of #RegTech & #RETech:

From #FakeBuyerAgents to Smart Disclosures & Information Fiduciaries

http://bit.ly/FakEBA2FutureRE (share via social media)

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Whos Agent are you?

Sameoffice1_2See anything wrong with this picture?  Too many brokerages in Massachusetts don’t; that’s why home buyers and sellers need to protect their financial interest by asking "their" real estate agency whom they represent.  Yes, Massachusetts law requires real estate licensees to disclose their ageny relationship at the first personal meeting to discuss a specific property, but too often agents fail to comply with this mandatory regulation.  Even when they do, those brokerages who see nothing wrong with designated agency have no obligation to explain potential conflicts of interest so buyers and sellers can make truly informed decisions. 

That’s why The Real Estate Cafe has argued, for years, for a public information campaign at the start of the Spring homebuying season to protect real state consumers.  Why not use the Ides of March to warn buyers and sellers that designated agents can betray their financial interests?  Why not use April Fool’s Day to caution consumers not to fooled by designated agents? 

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