My thoughts on how you can tell if the market is going soft, plus our experience at the X exhibit at the Grammy Museum on the last day of the show – it was either see it on Sunday, or drive to Tulsa. One thing you have to take into account – if Ray thought X was as good as the Doors, then X deserves HOF:
Our San Diego MLS quietly removed our complaint button recently. I’m sure they had heavy volume, but they aren’t the realtor police – nobody is. Hat tip to SM for sending this in:
VANCOUVER – The province is hoping to make it easier for you to report suspected misconduct in the local real estate market by launching a new tool.
A new anonymous tipline has been launched by the Real Estate Council of BC, as part of, what it describes, a way to protect potential homeowners.
“This is a way for people who have information about potential misconduct of real estate agents, that perhaps they’re uncomfortable identifying themselves, they have this as a tool to report information to the council anonymously,” explains Executive Officer Erin Seeley.
The tipline is one of the recommendations made by an Independent Advisory Group two years ago. “The council set up this group as a way to report on the improvements the Real Estate Council can make in overseeing licensees and in protecting the public.”
This new tool allows people to report things like a conflict of interest, failure to disclose information, or even the mishandling of money.
There is a complaints process already in place and Seeley adds the new tool is part of the process currently available to the public.
“It’s anonymous, it’s more accessible with the 1-800 number, and it’s a secure forum,” she says. “And it allows people, regardless of whether they’re a real estate licensee or a consumer, they can use this to report misconduct and not have a fear of reprisal.”
Seeley says just like the current process, all complaints are investigated and reviewed to determine whether a full investigation is required. “If there [are] grounds for misconduct and evidence, we’ll take action as appropriate through the channels of investigating. We have administrative fairness and natural justice as key parts of our process.”
Processes to resolve complaints are available, and if a case warrants it, Seeley says hearings can be held by a tribunal.
“We have financial penalties, significant penalties up to $250,000 for licensees per infraction under the Real Estate Services Act.”
According to Seeley, the council receives a number of complaints and has investigated claims of significant misconduct in the past.Link to Article
The only recourse around here is to file a complaint with the Association of Realtors, and have the Ethics panel hear your case.
I did file a complaint recently, which meant I had to compile and submit six copies of the evidence. The agent was found guilty, and received the maximum penalty for a first-time offender – a letter in their file for 12 months.
The Fed begins their two-day meeting tomorrow, and is expected to raise the Fed Funds rate. Bonds are already jittery today, but there is hope that new Fed chief Jerome Powell could be more forth-coming in his comments on Wednesday afternoon. It could mean that mortgage rates could come down a tad, because every bit of a 1/4-point hike is already priced into the market.
The expectations of Fed hikes, and their actual hikes (seen above – thanks Nick!), is spotty – so believe it when you see it! According to the CME Group’s FedWatch tool, Wall Street expectations for a rate hike at the March meeting were greater than 90 percent as of Monday morning.
From the UT:
There are a host of dream-house raffles across the West this year, and a big winner in many of them appears to be a Seattle-based consultant. The raffles have the same concept — for a $150 ticket, get a chance to win a multimillion-dollar dream home. Although there are lesser prizes, the house is only given away if ticket sales hit a certain threshold.
Ronald McDonald House Charities of San Diego has used consultant Neal Martin Zeavy to run its dream-house raffle at least since 2008. In the decade that he has run the event, the fundraiser has never sold enough tickets to result in a house giveaway.
Zeavy was paid $525,000 by the San Diego charity last year, according to the nonprofit’s tax returns. For context, Charles Day — the San Diego charity’s president and CEO — received $224,985, the tax records show. Zeavy has helped run dream-house raffles for at least five other nonprofits.
Hat tip to daytrip for sending in this doozy:
Reader metta8888 left this comment on the youtube channel that summarizes the 7,611 new homes being built in North County – they are just further out. As we become more accustomed to driverless cars, these new homes might give coastal buyers some alternatives.
Here is his research on the current and proposed future projects:
1. Meadowood – Pardee Homes is building 844 homes on a 389.5 acre site in Fallbrook, near interstate 15 and state route 76:
2. Campus Park. D.R. Horton is building 751 homes in Fallbrook, near I-15:
This beautiful hilltop 3 bedroom plus loft, 2.5 bath 2,181sf home is located in a gated enclave of just 36 residences in the bustling La Jolla Village area near UCSD campus, hospitals, UTC, new trolley line, and the I-5 freeway! Enjoy the quiet, secluded outdoor space, perfect for entertaining. The recently remodeled chef’s kitchen is just one of the many upgrades throughout. A large bonus loft is your future media, game room or 4th bedroom. Take advantage of the much acclaimed La Jolla schools. Enjoy life in prestigious La Jolla! $1,060,000.
Spectacular 3 bedroom, plus office and loft, 3 full bath, 2,670sf executive home located in the desirable gated community of Peppertree Park, with a private and pleasant outdoor entertaining area. A family home paradise, the residence and outdoor living areas are beautifully landscaped with covered patios, walkways, and landscape lighting.
Quality and style is featured with a flowing floor plan, high ceilings, custom tile flooring, Berber carpet and plantation shutters. A gourmet kitchen, with an informal dining area off the kitchen, is open to the family room. The master suite, along with the master bath and walk-in closet, is very spacious and has lush tree-top views.
Enjoy the private 6 acre community park with spacious grass areas, basketball court and walking paths along with the adjacent 60 acre Los Jigueros Wildlife Preserve which add to the beauty of this wonderful piece of paradise! $610,000.
The 2018 list of the Best Real Estate Blogs is out:Link to List
Another San Diego realtor, Gavin Grant, was also featured, and on his blog he laid out his formula for determining the best time to sell your house. By his calculation (Pendings/Actives) in each of the last three years, the best time to sell your house was in March!Link to Gavin’s post
I have said in the past that the best time to sell is in May, and his counts show the most actual pendings then. But there are also more active listings too, so the competition nearby could affect your chances.
My Tips On When To Sell:
- When Everyone Else Isn’t (no competition nearby).
- When you have supportive Pendings and Solds nearby.
- When you know for sure Where You Are Going.
Get Good Help!