Village neighborhoods profiled by tv realtors?

[rp001]

Today I took a visiting friend to see a couple of open houses by the villages realty. In discussion with the realtor I was informed that I live in a "Tier 3" neighborhood (Glenbrook). I asked what that meant and was told we were classified that way based on home values. The same home we looked at in Hemmingway was 20 percent more than it would be in my "tier 3" area. So in questioning the rep, I figured this was entirely subjective and was based on the client's "need" as interpreted by the agent. In other words the reps are classifying, and valuing your property. To me this is "profiling" and should cease, let the market set the value, not some realtor employed by the builder.

[mulligan]

Go ahead, tell the developer how to operate his sales force, see how far you get. I'll bet you could hear the chuckles all the way to the Bahamas.

[Barefoot]

In other words the reps are classifying, and valuing your property. To me this is "profiling" and should cease, let the market set the value, not some realtor employed by the builder.

I think I may be missing your point, and if so, I apologize.

When an owner is considering selling their home, it's the job of a sales agent to do a market analysis of homes that have sold in the neighborhood, determine a recommended list price, and make a recommendation to the potential lister. It's the owner that decides the actual list price.

And ultimately, it's the purchaser who sets the market value. And we have some very sophisticated purchasers who know value well. As a general rule, purchasers in TV go to open houses, look at the internet (both MLS and VLS) and talk to friends and residents. By the time they buy, they are usually well qualified to know if a home is properly listed.

[CFrance]

I don't see anything wrong with rating neighborhoods, but if there is a tier system, it would be nice to know what the parameters are and how each neighborhood is rated.

[jimmy D]

Today I took a visiting friend to see a couple of open houses by the villages realty. In discussion with the realtor I was informed that I live in a "Tier 3" neighborhood (Glenbrook). I asked what that meant and was told we were classified that way based on home values. The same home we looked at in Hemmingway was 20 percent more than it would be in my "tier 3" area. So in questioning the rep, I figured this was entirely subjective and was based on the client's "need" as interpreted by the agent. In other words the reps are classifying, and valuing your property. To me this is "profiling" and should cease, let the market set the value, not some realtor employed by the builder.

Actually I think this has been going on with Real Estate everywhere for the past 50 plus years. Good neighborhood vs bad vs high end vs low rent etc

[ilovetv]

If "tier" translates to average sale price for the particular floor plan in a particular village compared to other villages, then I'd think that is a valid thing to compare.

For those who aren't here yet, I'm constantly surprised to see courtyard villas like ours but much older, selling for the same price in the older neighborhoods as they're selling for in the newer neighborhoods. And some of that could be due to the enhancements the owner has done to an older one.

I would be really surprised if that revelation by the sales rep is supposed to be spoken to a customer.

It's not even close to the badness of racial or other "profiling" like that. Try not to be too sensitive about it at this point.

[DianeM]

Seems pretty normal to me.

[gomoho]

Not sure that REALTORS could go there 'cause it might be considered steering; however, Village agents are not bound by REALTOR code so I guess they can pretty much do what they want.

[billethkid]

trying to fit a today buzz word like "profiling" and make it fit to a business (real estate) that has been doing what has been identified for at least the last 100 years....at least.

Real estate profiling.....:1rotfl:...I just couldn't help myself!

btk

[ROCKETMAN]

I don't know about different prices for different neighborhoods but a home on the north end seems to be lower priced than a comparable house further south. I guess some people don't like driving a long way to sumter landing or Brownwood.

[maddie101]

I don't know about different prices for different neighborhoods but a home on the north end seems to be lower priced than a comparable house further south. I guess some people don't like driving a long way to sumter landing or Brownwood.

Location, location, location

[fb32162]

Every home I ever bought/sold was priced based on what part of town it was located in. In some places the same house, just a few blocks one way or the other could mean a difference of tens of thousands of dollars. TV is no different.

[DougB]

I don't know about different prices for different neighborhoods but a home on the north end seems to be lower priced than a comparable house further south. I guess some people don't like driving a long way to sumter landing or Brownwood.

Um, Sumter is about in the middle. Probably more north.

[asianthree]

dosen't every neighborhood have houses from $100,000 to some at a million

[kbace6]

trying to fit a today buzz word like "profiling" and make it fit to a business (real estate) that has been doing what has been identified for at least the last 100 years....at least.

Real estate profiling.....:1rotfl:...I just couldn't help myself!

btk

:agree:

[looneycat]

To me this is "profiling" and should cease, let the market set the value, not some realtor employed by the builder.

you never drove through what you considered a 'good' area or 'bad' area?
good and bad are very subjective but are property value based observations

[jflynn1]

Today I took a visiting friend to see a couple of open houses by the villages realty. In discussion with the realtor I was informed that I live in a "Tier 3" neighborhood (Glenbrook). I asked what that meant and was told we were classified that way based on home values. The same home we looked at in Hemmingway was 20 percent more than it would be in my "tier 3" area. So in questioning the rep, I figured this was entirely subjective and was based on the client's "need" as interpreted by the agent. In other words the reps are classifying, and valuing your property. To me this is "profiling" and should cease, let the market set the value, not some realtor employed by the builder.

You are making a huge assumption that you were talking with a Realtor.
The Villages sales people are just that sales people, very few if any are Realtors. They can say whatever they want to say. Realtors are Professionals, It is my opinion The sales people in the villages are far from from neeting this high standard within he Real Estate Profession.

[graciegirl]

You are making a huge assumption that you were talking with a Realtor.
The Villages sales people are just that sales people, very few if any are Realtors. They can say whatever they want to say. Realtors are Professionals, It is my opinion The sales people in the villages are far from from neeting this high standard within he Real Estate Profession.

I respectfully, absolutely, completely and thoroughly disagree with this post. They MAY not be realtors but the sales people for the developer that I have met and heard about are decent, honest people who do NOT have to work very hard for their money because we The Villages are doing their job of talking this place up. No one has to lie here to sell a new home.

[CaptJohn]

Realtor is a completely misunderstood term and that is the fault of Realtors overselling themselves. I was a state licensed real estate broker for 40 years, some years a Realtor and some years not. Being a Realtor only means the person belongs to a club of others and pays dues. All real estate agents, salespeople or brokers are licensed by a certain state in which they operate. I'll bet the TV sales people have much less complaints than Realtors and do the same or better job!
I have never seen such loyal customers or clients doing referrals than in TV. That's the proof.

Profiling in real estate is called qualifying! :laugh:

[ilovetv]

Realtor is a completely misunderstood term and that is the fault of Realtors overselling themselves. I've was a real estate broker for 40 years, some years a Realtor and some years not. Being a Realtor only means the person belongs to a club of others. All real estate agents, salespeople or brokers are licensed by a certain state in which they operate. I'll bet the TV sales people have much less complaints than Realtors and do the same or better job!

Exactly right!

And many or most of the TV sales reps are licensed real estate agents, and so are many of their assistants. Look up the licenses of reps listed in the Sun in display ads for open houses, in the FL licensing online:

https://www.myfloridalicense.com/wl11.asp?mode=0&SID=

[Schaumburger]

Exactly right!

And many or most of the TV sales reps are licensed real estate agents, and so are many of their assistants. Look up the licenses of reps listed in the Sun in display ads for open houses, in the FL licensing online:

https://www.myfloridalicense.com/wl11.asp?mode=0&SID=

ilovetv, Thank you for posting this link -- very useful info.

[Bogie Shooter]

And many of them are our neighbors........liars, cheats, I think not!

[gomoho]

Village sales agents are licensed to sell real estate for the developer. REALTORS are licensed to sell real estate representing either a buyer or seller and bound to the REALTOR code of ethics. If they violate that code they can lose their license - I'm quite sure as long as a Village sales agent is producing he's golden. Hopefully most of them are honest people; however I would chose a REALTOR over a sales person any day if given the choice. They work very hard for their money - not handed to them on a silver platter.

[perrjojo]

I respectfully, absolutely, completely and thoroughly disagree with this post. They MAY not be realtors but the sales people for the developer that I have met and heard about are decent, honest people who do NOT have to work very hard for their money because we The Villages are doing their job of talking this place up. No one has to lie here to sell a new home.

I respectfully, absolutely, completely and thoroughly AGREE with you. Why are some folks so certain everyone is out to lie, cheat, mislead, take advantage and steal from them. Wow! I am not gullible but honestly some people amaze me with their suspicion.

[CaptJohn]

Village sales agents are licensed to sell real estate for the developer. REALTORS are licensed to sell real estate representing either a buyer or seller and bound to the REALTOR code of ethics. If they violate that code they can lose their license - I'm quite sure as long as a Village sales agent is producing he's golden. Hopefully most of them are honest people; however I would chose a REALTOR over a sales person any day if given the choice. They work very hard for their money - not handed to them on a silver platter.

Sorry to inform you but part of what you have written is incorrect and is part of the confusion and myth of Realtors. Realtors are simply members of a private Realtors club. Their private code of ethics have nothing to do with the state real estate license law. They can lose their membership in the club but has nothing to do with the state real estate law unless it happens to address the same items or issue in question. They cannot lose their license by violating the club code of ethics. It is being in violation of the state real estate law that can have their license revoked if convicted by the state real estate commission.

There is no place in the Florida real estate license law where the word Realtor is mentioned except as a definition.
http://www.myfloridalicense.com/dbpr/re/frec.html

It's time to end this confusion that has persisted for decades.

State of Florida definition of a Realtor (see page 49):
http://www.myfloridalicense.com/dbpr/RE/documents/FREC_FAQs_102012.pdf

[renielarson]

...the sales people for the developer that I have met and heard about are decent, honest people who do NOT have to work very hard for their money...

I beg to differ with your opinion, Gracie. I am personal friends with some of the sales people so I know they DO WORK HARD for their money. They are on-call 7 days a week. They put in long hours. They don't have weekends or holidays off. They also keep in contact with their buyers with periodic mailings. I am shocked that you think they don't work hard.

[manaboutown]

I found that both the Villages agent and the MLS agent, each of whom I found through TOTV, were forthcoming and open about everything. It was a most refreshing experience. I have known real estate and other sales people who would sell their own mothers for a price.

[Dr Winston O Boogie jr]

dosen't every neighborhood have houses from $100,000 to some at a million

I don't think so. Most neighborhoods have homes that are all in the same price range.

[asianthree]

i think TVs sales people have a great product so they don't have to pressure you ..with that said...many jobs are on call 24/7 we can sometimes be called at midnight and not come home for up to 24 hours...yes the sales people work many hours and days but you are not going to see them 24/7

[graciegirl]

If you take a similar home near Spanish Springs and one near 466a...say a Gardenia. There won't be much difference in sales price. Some additions add value and some detract. The deed restrictions south of 466 make the neighborhoods look a little neater sometimes without the lawn ornamentations.

Many villages, Pennecamp for instance, has all kinds of home, patio villas, court yard villas, ranches, premiers and designers. Some villages only have premiers. Most are a mix.

I notice in the areas south of 466A where people built their homes of choice, most are block and stucco designers in certain areas.

You know me. I don't think there is a bad area in this place.

[graciegirl]

I beg to differ with your opinion, Gracie. I am personal friends with some of the sales people so I know they DO WORK HARD for their money. They are on-call 7 days a week. They put in long hours. They don't have weekends or holidays off. They also keep in contact with their buyers with periodic mailings. I am shocked that you think they don't work hard.

The point I was trying to make was that all of us happy villagers with all of our enthusiasm for this place make it a much easier sell for the hard working and ethical sales persons employed by the developer who has yet to send me any check or thank you for my unbridled love of this beautiful place.

[gomoho]

Sorry to inform you but part of what you have written is incorrect and is part of the confusion and myth of Realtors. Realtors are simply members of a private Realtors club. Their private code of ethics have nothing to do with the state real estate license law. They can lose their membership in the club but has nothing to do with the state real estate law unless it happens to address the same items or issue in question. They cannot lose their license by violating the club code of ethics. It is being in violation of the state real estate law that can have their license revoked if convicted by the state real estate commission.

There is no place in the Florida real estate license law where the word Realtor is mentioned except as a definition.
RE - FREC (http://www.myfloridalicense.com/dbpr/re/frec.html)

It's time to end this confusion that has persisted for decades.


State of Florida definition of a Realtor (see page 49):
http://www.myfloridalicense.com/dbpr/RE/documents/FREC_FAQs_102012.pdf

I paid my dues to the state of North Carolina and was proud to have the title of REALTOR - not sales agent. They had the power to take my license if I didn't play by the club's rules. As a paying member of the MLS club I also had to play by their rules or could be reported to the state that had the power to cut me off. My point is who has the power over the sales agents in The Villages - the developer. And if they are producing they have way more latitude to say things then a REALTOR ever could.

"The terms REALTOR and real estate licensee are not synonymous. REALTORS are members of a local Board (Association) of REALTORS and the National Association of REALTORS are privately run professional organizations." Pg 10 Florida Real Estate Principles, Practices & Law 36th edition.

Why such disrespect for the profession???

[gamby]

If a sales person recommends one area over another it is called "STEERING" and against the law in some states. I'm not sure but it may be national also.
It is a form of discrimination against a certain class of people usually ethnic or economic.

The term "Sales Person" does not differentiate between a Realtor or non Realtor.

[CFrance]

If a sales person recommends one area over another it is called "STEERING" and against the law in some states. I'm not sure but it may be national also.
It is a form of discrimination against a certain class of people usually ethnic or economic.

The term "Sales Person" does not differentiate between a Realtor or non Realtor.

Wait a minute. I'm confused. You move to a new location, for job or whatever. You have X amount of dollars to spend, and you want to buy the best house in the safest neighborhood with the best schools that you can afford. Your realtor takes you to that area. This is illegal?

[memason]

If a realtor or sales agent can't "steer" you to what you might like, what good are they?

This idea of profiling is ridiculous....political correctness gone wild...

[graciegirl]

If a realtor or sales agent can't "steer" you to what you might like, what good are they?

This idea of profiling is ridiculous....political correctness gone wild...


Ain't that just the truth?

Seems like that is their purpose.

Mike, I thought for awhile you were just another pretty face.

[Bill32]

Profiling...................................OMG

[asianthree]

If a sales person recommends one area over another it is called "STEERING" and against the law in some states. I'm not sure but it may be national also.
It is a form of discrimination against a certain class of people usually ethnic or economic.

The term "Sales Person" does not differentiate between a Realtor or non Realtor.

if you want a new house sales reps are going to HAVE to steer you to brownwood area:1rotfl:

[CaptJohn]

If a sales person recommends one area over another it is called "STEERING" and against the law in some states. I'm not sure but it may be national also.
It is a form of discrimination against a certain class of people usually ethnic or economic.

The term "Sales Person" does not differentiate between a Realtor or non Realtor.

Almost correct. Salespeople can recommend certain areas for the right reasons! This can be as confusing as who is a Realtor and who is not!
The federal government has most of the regulations on this. Buyers can request certain things and it's OK but if you as a buyer say 'I want to be shown houses on streets where only whites, etc. live' then that's the no-no (steering). Real estate agents have to walk a tightrope on words. Believe it or not the federal government regulates words real estate people cannot use. In other words, if you're a real estate agent, you have given up some of your first amendment rights. And, no, I'm not kidding.
I was a broker for 40 years. Now that I'm retired and no longer hold the license, I can say what I damn well please! And now that I'm over 65, I will. :laugh:

[ilovetv]

If a realtor or sales agent can't "steer" you to what you might like, what good are they?

This idea of profiling is ridiculous....political correctness gone wild...

Best post on this board in a long while.

If one wants to talk about "profiling", how about buyers preferring a place that doesn't allow people under Age 55???

Geez...

[Barefoot]

IMHO, words that are overused .... profiling, organic and holistic.