On a too regular basis, I am running into a situation where Realtors who are listing agents for short sales, are not acting honestly and ethically towards offers that come in from other agents. I am well aware that our short sales addendum states that the agent can and will continue to accept offers during the bank process but it really is making Realtors, who put in offers, look really bad with their customers. When you wait several months with no valid communications from the financial institutions, you are really putting perspective buyers out to dry. They wait, hope and plan, and then find out that they did not get the property because another offer came in a month later that was better.
There is so much talk on the air ways about transparency, how about a little in our industry?
I understand that sometime in April, institutions will be mandated to reply within 10 days of an offer presented. I know that they will find some way to get around it like they do for everything. And why did anyone pass and sign a regulation that takes so long to enforce. As Realtors, I believe that we have an ethical obligation to help the transaction come to fruition, so we need to be better communicating what little we know.
I guess, I am just frustrated since I know that the financial institutions have no desire to actually help get us out of the troubles we are in and seem to put us as many barriers as possible, we have to count on each other to help our customers.
