Hawaii Randy's Real Estate Opinions: To Start an Argument – Just Talk About Higher Standards

To Start an Argument – Just Talk About Higher Standards

Have you ever noticed that all you have to do to get less than ethical folks to show their ugly side is to talk about ethics or professional standards?

Over the last few months when one of us writes about ethics and professional standards we get a few off the wall people who will argue against them.  It is so insane.  A real estate agent or a loan officer being offended by the mere suggestion that we need higher standards or that a professional is someone who strives to conduct themselves at a much higher level than the basic minimum.

Reading comments from a real estate person (I was going to say professional) who was upset or offended that I would have the arrogance to suggest the being a professional means minimum requirements are not enough.  I wonder what their clients would think if they read the comments.

There have been several blog posts addressing the issue of dual services and why it was bad for the general public (acting as a real estate agent and loan officer or other service provider for the same client). Those seem to hit home with a few folks.  Boy did I get some hate messages from that topic. Yet Another Blog About the Agent With Too Many Hats?

Recently many of you read my post Real Estate Ethics in Nutshell and how I received a few negative comments and a series of e-mails from a real estate broker.  He felt all was fair in business and it was OK to take advantage of any loophole available to him.  In the end he deleted his worst messages that included negative remarks about religion.

There have been several blog posts about holding loan officers to the same standards as real estate agents.  King For a Day Series - Mortgage Industry  That topic caused me to really get hit with the hate messages.  Now look where the lending industry is today.  Do you think better regulation, a Code of Ethics, industry self-policing and better licensing laws may have helped?  I can tell you first hand that I and most top real estate agents I know avoid mortgage brokers and out of state lenders like the plague.  That might possibly have been a different story if their industry was better regulated and operated.

So what is the answer?  Do we only write nice fluffy posts about the flowers in our gardens or do we discuss what is important to consumers and to improving ourselves and out industry?  I for one prefer to work on the improvement of our industry and to share knowledge with each other and the public.

So if you are not a professional and offended by those discussions, you may not want to read some of my posts.  If on the other hand you enjoy sharing knowledge and having discussions on professional behavior, I hope that our blog system will continue to be a great forum for us to exchange information and knowledge.

Good Luck and Good Blogging!

 

Some related posts:

 

--------------------------------------------------------------------------------------------------------

Randy L. Prothero, REALTOR®, ABR, AHWD, CRS, e-PRO, GRI, SFR

Century 21 Liberty Homes

 

Randy Prothero is well established as an expert in working with military / VA clients and first time home buyers.  His home seller's (listing) campaign is one of the most aggressive marketing programs in the area.

Based out of Mililani, Hawaii. Randy services the island of Oahu (Honolulu County) and the Leeward Regional Chairman of the Honolulu Board of Realtors.  To improve overall professionalism in his area Randy also offers classes for real estate agents. 

 

www.HawaiiRandy.comOahu (Honolulu County) Property Search  Hawaii Military Relocations

Comments

Randy,

I know you are right.  But I like the flowers too.  I prefer predominant discussion of real estate topics, but I do like to stop and smell the roses.

Ain't it peculiar how some folks fear ethics?

Posted by Mike Jaquish 919-880-2769 Cary, NC, Real Estate (KELLER WILLIAMS® Realty) over 3 years ago
Here's how I see it....about 99% of my deals that have fallen apart, is because the loan officer has done something wrong, gave a sloppy preapproval, before they really checked to see if the person could really afford a home...so I agree with you....they should be held to a higher standard...than they are, there really are no standards as far as I can tell...
Posted by Konnie McKee. Associate Broker VA & MD Luxury Home Marketing Specialist (MAC REALTY, LLC/REALTY DIRECT, LLC) over 3 years ago

Randy, you are right on the mark again on this one. 

Posted by Omaha, NE Real Estate | Omaha, NE homes for sale ~ Alliance Real Estate (Alliance Real Estate) over 3 years ago

Randy,

Aloha brah!  You are soooooo right.  We need to raise the bar.

Mahalo!

Dominick

Posted by Dominick Dina, MA, REALTOR®, GRI, e-PRO, TAHS (Christian Realty San Antonio) over 3 years ago

Randy you know how I feel about this, I have commented on your blogs on this subject many times before, and you know that I am in full agreement with you.  What troubles me a little is when one part of this great industry of our who try to claim that their area of the industry did not contribute to the conditions that we find ourselves in today.  We need to police our own better, because there are people in every segment of this industry that are less than ethical.

Posted by George Souto NMLS# 65149 FHA, CHFA, VA Mortgages Connecticut over 3 years ago

I agree Randy... I feel it should be harder to get the liscence to begin with.  Right now for about 1250 - 1500 dollars you are now a Real Estate Agent.

Posted by William Feela Realtor 651-674-5999 No. Branch,MN (WHISPERING PINES REALTY) over 3 years ago

Wow Randy. I have never gotten hate mail type e-mails from my blogs...unless you count the ones I get when I delete off topic posts from the group.

That is simply nutty! I can't believe people get their panties all knotted up like that!

Posted by Monika McGillicuddy Southern NH & the Seacoast Area (Prudential Verani Realty/Hampstead) over 3 years ago

Mike - I am sure we can all guess why.

Konnie - I have made the statement many times that the lending world is like the Wild West.

Dominick - It would only help the public and improve the reputation of the industry.

Posted by Randy L. Prothero - Hawaii REALTOR® (808) 384-5645 (Century 21 Liberty Homes ) over 3 years ago

David - Thank you

George - Absolutely!

William - Even worse in Hawaii, for about $65 you are a loan officer.  For the price of business cards you are a home inspector.

Posted by Randy L. Prothero - Hawaii REALTOR® (808) 384-5645 (Century 21 Liberty Homes ) over 3 years ago

Monika - Maybe they thought I was targeting them by talking about unethical behavior.  LOL

Posted by Randy L. Prothero - Hawaii REALTOR® (808) 384-5645 (Century 21 Liberty Homes ) over 3 years ago

This blog does not allow anonymous comments