Comments on: Is “Procuring Cause” Cause for Trouble? http://hobokenrealestatenews.com/2009/08/03/is-procuring-cause-cause-for-trouble/ What buyers and sellers need to know about Hoboken condos and real estate. Mon, 06 Feb 2012 19:46:18 -0500 http://wordpress.org/?v=2.8.4 hourly 1 By: Lori Turoff http://hobokenrealestatenews.com/2009/08/03/is-procuring-cause-cause-for-trouble/comment-page-1/#comment-3399 Lori Turoff Sat, 15 Aug 2009 21:28:58 +0000 http://hobokenrealestatenews.com/?p=1736#comment-3399 I've been doing some research on the law surrounding procuring cause and have learned quite a bit about it. The most reassuring principal is that the consumer's choice - who the buyer wants to work with - is quite controlling in these matters, as it should be. I'll be writing and posting about it again quite soon. I’ve been doing some research on the law surrounding procuring cause and have learned quite a bit about it. The most reassuring principal is that the consumer’s choice – who the buyer wants to work with – is quite controlling in these matters, as it should be. I’ll be writing and posting about it again quite soon.

]]> By: Tania http://hobokenrealestatenews.com/2009/08/03/is-procuring-cause-cause-for-trouble/comment-page-1/#comment-3398 Tania Sat, 15 Aug 2009 21:20:32 +0000 http://hobokenrealestatenews.com/?p=1736#comment-3398 A good posting, about an often confusing topic Lori. I am an agent also...I do want to throw in one more thing for your readers to be aware of in case they didn't realize, or aren't viewing this angle. Often the agent at the open house isn't the listing agent. They are there working, trying to sell the property as well to a potential buyer that comes in OR (more likely scenario) meet new buyers so that they can build a relationship to help them buy something else in the future. If you are in the market for an agent, its a good place to start a conversation with them and see if its someone you would want to do business with in the future. You can meet a whole bunch of agents in one day like that, and gauge who you like to work with as well as see the properties. I don't think anyone should be tied/forced to work with someone they just met because they happen to walk into an open house. A good posting, about an often confusing topic Lori.

I am an agent also…I do want to throw in one more thing for your readers to be aware of in case they didn’t realize, or aren’t viewing this angle.

Often the agent at the open house isn’t the listing agent. They are there working, trying to sell the property as well to a potential buyer that comes in OR (more likely scenario) meet new buyers so that they can build a relationship to help them buy something else in the future. If you are in the market for an agent, its a good place to start a conversation with them and see if its someone you would want to do business with in the future. You can meet a whole bunch of agents in one day like that, and gauge who you like to work with as well as see the properties.

I don’t think anyone should be tied/forced to work with someone they just met because they happen to walk into an open house.

]]> By: David http://hobokenrealestatenews.com/2009/08/03/is-procuring-cause-cause-for-trouble/comment-page-1/#comment-3170 David Thu, 06 Aug 2009 01:51:48 +0000 http://hobokenrealestatenews.com/?p=1736#comment-3170 Andy - sounds like karma spun around fast. The broker got what he deserved. And if there is an arbitration case, what is messed up is that you (the consumer) was not there. Ultimately you were denied your choice of whom you want to do business with. Real estate should not be a hold-up. The agent should've been happy with the "tip" she got for baby-sitting the open house. What makes it worse is this: the showing agent, in her greed did a huge disservice to his real client - the seller. If things didn't end so well for you, at least you can solace in the fact that instead of getting a just bad break, he has at least two people spreading the word around Hoboken about his crappy job. Can we have his name? Also, dkzzz, it's not just a couple of thousand dollars: on a 500k apartment, we're talking 15k. That's 15k to do nothing because that broker represents nobody, and that "share" is for work done by an imaginary buyer's broker. It's a great gig if you can get it: 15k for imaginary work (The work that agent does is for the seller, not the buyer. Even if they overlap, there is no reason to pay twice for work done once.) And this 15k can be the difference between a good deal and a bad deal. All in all, a very very very enlightening blog entry that sheds light on how Hoboken real estate is done. Andy – sounds like karma spun around fast. The broker got what he deserved. And if there is an arbitration case, what is messed up is that you (the consumer) was not there. Ultimately you were denied your choice of whom you want to do business with. Real estate should not be a hold-up. The agent should’ve been happy with the “tip” she got for baby-sitting the open house.

What makes it worse is this: the showing agent, in her greed did a huge disservice to his real client – the seller. If things didn’t end so well for you, at least you can solace in the fact that instead of getting a just bad break, he has at least two people spreading the word around Hoboken about his crappy job.

Can we have his name?

Also, dkzzz, it’s not just a couple of thousand dollars: on a 500k apartment, we’re talking 15k. That’s 15k to do nothing because that broker represents nobody, and that “share” is for work done by an imaginary buyer’s broker. It’s a great gig if you can get it: 15k for imaginary work (The work that agent does is for the seller, not the buyer. Even if they overlap, there is no reason to pay twice for work done once.) And this 15k can be the difference between a good deal and a bad deal.

All in all, a very very very enlightening blog entry that sheds light on how Hoboken real estate is done.

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