Buying or Selling a Home/RE Dealers

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Expert: - 9/13/2010


Question
What is the difference in real estate dealers? Or is there one? They all have the same info don't they? As far as listings go. Does a Real Estate Dealer say 30 miles from me have the same listings as the one in my own town?

Answer
Hello Joyce - "dealers" is a unique choice of words. Usually when someone asks about dealers they are referring to manufactured homes that are not affixed to the ground/lot which requires a different license to sell. Therefore I will anticipate you meant real estate licensees who represent buyers and sellers of 'real property'. The primary difference between real estate licensees is those that are members of the National Association of REALTORS and those who are not members. You should seek out a member of NAR as this individual is accountable to a higher standard of performance called the NAR Code of Ethics. This actually stipulates an agents duties to clients and customers and their duties to the general public. Most sellers and buyers are not aware a REALTOR has a duty to protect your best interest where non-REALTORS are only governed by ordinary commerce (the law in your state). As far as for information, usually anyone who has access to your local Multiple Listing System can provide the same data... but you could get that data yourself from realtor.com. 30 miles can be a significant distance in some areas.. and in areas like Metropolitan Phoenix 30 miles is just a short drive away! AZ also have some high mountain locations where 30 miles is in a different MLS area and therefore not all licensees have access to both databases. So this is a great question to ask a REALTOR when interviewing them. A REALTORS service includes a fundamental knowledge of the area and more importantly the duty to disclose issues and nuances about those areas to inform you of objective information so you can make an informed decision. In addition, they understand the laws and the duties of the other parties including what the other parties are required to disclose to you. This can save you thousands of dollars of expenses and fees should you elect not to be represented. The next item of concern is experience. Many licensees may have had their license for many years without a significant amount of production. Production usually identifies a history of satisfaction or lack of satisfaction.  History leaves clues. I hope this has answered your question to your satisfaction and should you have additional questions please reply to this post. You can locate the NAR Code of Ethics by entering those words into your Internet search bar. Thank you - Todd Menard

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Todd C. Menard

Expertise

National Association of Realtors Code of Ethics and Professional Standards * Contract Questions: 05/05 Arizona Real Estate Purchase Contract, Exclusive Buyer Broker Contracts, Listing Contracts and associated contract documentation as it relates to boilerplate, covenants, contingencies, procedures and procedures. * ARMLS Arizona Regional Multiple Listing questions * Real Estate Professional Standards and Practices, Ethics, Obligations, Duties * Agency relationships in Arizona, Procurring Cause * Questions typicaly arising during the listing period * Questions typically arising during the escrow period * Questions about working with a real estate agent/REALTOR * Questions Related to New Home Builders

Experience

National Association of REALTORS Board of Director (2011) Arizona Real Estate Salesperson License (1991-1995), Arizona Real Estate Brokers License (1995-Present), Arizona Association of REALTORS Board of Directors (2008-Present), Arizona Association of REALTORS Professional Standards Committee (2008-Present), AAR Certified NAR Code of Ethics and Professional Standards Instructor, Southeast Valley Regional Association of REALTORS President-Elect (2011) Southeast Valley Regional Association of REALTORS Board of Directors (2008, 2009), Southeast Valley Regional Association of REALTORS Grievance Committee Chairperson (1998-2007), Southeast Valley Regional Association of REALTORS Bylaws Committee (2008-Present), Southeast Valley Regional Association of REALTORS Education Committee (2008), Arizona Association of REALTORS Forms Committee - Residential Purchase Contract (2005), Arizona Association of REALTORS Forms Committee - Residential Rental Agreement (2008), Arizona Association of REALTORS Forms Committee - Buyer Broker Agreement (2009), Arizona Association of REALTORS Presidents Advisory Group, Road to Professionalism (2009), Arizona Association of REALTORS GRI Curriculum Review Committee (2009), Arizona Department of Real Estate, Commissioner's Education Advisory Group Sub-Panel B (2010) Arizona Department of Real Estate, Commissioner's Statute and License Review Committee (2007)

Organizations
National Association of REALTORS, Arizona Association of REALTORS, Arizona Real Estate Educators Association (AZREEA), Arizona Regional Multiple Listing System (ARMLS), American Notary Association, Southeast Valley Regional Association of REALTORS (SEVRAR), Southeast Valley Regional Association of REALTORS Women's Council of REALTORS (2010-Present), Phoenix Association of REALTORS (1994-2000, 2005-2009), Scottsdale Association of REALTORS (1994-2000, 2005-2009), Maricopa/Glendale Association of REALTORS (1994-2000, 2005-2009),

Publications
"Real Estate in 2008"- Lifebushido Publishing (Contributory Author), SEVRAR Magazine, Internet Crusade, RealTown ListServe, Blogger.com, Active Rain

Education/Credentials
- AAR Certified Ethics and Professional Standards Instructor, Graduate REALTOR Institute (1993), Certified Negotiation Expert (CNE), Over 100 Hours of annual real estate continuing education, Annual Ethics and Professional Standards Development Workshops as required by the National Association of REALTORS, Approx. 36 hours of NAR Code of Ethics training annually, Numerous IDW, Seminars and Train the Trainer programs, Business Management Degree - 1981

Awards and Honors
2009 REALTOR of the Year Award, Southeast Valley Regional Association of REALTORS (10,000+ Members), Double Platinum Production Award ($45,000,000 Sales Volume)- Keller Williams Realty Int'l (2001), Top 15 Sales Production Keller Williams Realty International (2001), Top 5 Sales Producation Keller Williams Realty Southwest Region (2001), Top Recruiter Award - Keller Williams Realty Int'l, SW Region (2002), Who's Who in U.S. Executive (1983), Who's Who in U.S. Real Estate Professionals (2007)

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