Real Estate agents are licensed by the state. I am in Pennsylvania. Once approved to represent or “work for” clients, they are bound by RELRA, our Real Estate Licensing and Registration Act, which is enforced by the state Real Estate Commission. If an agent becomes a REALTOR, which means they belong to national, state and local REALTOR Associations, they are bound by a Code of Ethics which is very similar to RELRA although enforcement is handled through a local Association i...

Real Estate agents are licensed by the state. I am in Pennsylvania. Once approved to represent or “work for” clients, they are bound by RELRA, our Real Estate Licensing and Registration Act, which is enforced by the state Real Estate Commission. If an agent becomes a REALTOR, which means they belong to national, state and local REALTOR Associations, they are bound by a Code of Ethics which is very similar to RELRA although enforcement is handled through a local Association i...

Bright MLS has released their Residential Market Statistics for single family homes through October 2019. In today’s podcast I will discuss YTD results for Delaware County Pennsylvania. If you would like information about this or any other County in the Delaware Valley, please contact me....To read the entire BLOG post, visit: https://andrewwetzel.wordpress.com/2019/11/15/bright-mls-october-2019-housing-report/... The overall economy is doing well with some adjustments...

There are two primary tools used for conveying property information for buying and selling Real Estate. While there are literally hundreds of possible ways to communicate this information, except for specific market segments which may use or need a different approach, all but the top two pale in comparison as far as efficiency and effectiveness. Real Estate agents are the “match makers” bringing sellers and buyers together: we participate in over 91% of Real Estate transacti...

Bright MLS has released their Residential Market Statistics for single family homes for the third quarter of 2019. In today’s podcast I will discuss YTD results through September for Delaware County Pennsylvania. If you would like information about this or any other County in the Delaware Valley, please contact me. The report compares the current results to one-year ago, same time period. As with all Real Estate statistics, two things are true. First, the performa...

This week Bright MLS announced a new policy regarding property listings that are “advertised”. The policy begins with the following language:“The MLS system encourages competition in the marketplace while also ensuring cooperation and compensation among real estate professionals. Full participation in the MLS ensures the seller has the largest possible marketplace, and the buyer has the widest possible selection. This policy will help provide transparency and access to infor...

The Philadelphia Inquirer recently ran a Real Estate story that made many people angry. REALTORS were not involved. What has happened and will undoubtedly continue to happen is sad and, perhaps, entirely preventable. The article talked about people buying Real Estate, such as vacant land, from people with a high level of urgency or people with limited information. The article described many as being poor which adds to the emotion. The buyers either searched for pe...

I have been helping frustrated owners sell properties that other agents could not sell since 1996. What does this mean? I use the multiple listing service to monitor daily residential and multi-family properties. I look for property listings that might appeal to my buyer-clients, that compete with properties owned by my seller-clients and those which come off the active market without selling.During the course of any year a number of property listings are canceled or their c...

Bright MLS has released their Residential Market Report for single family homes for the second quarter of 2019. In today’s podcast I will discuss YTD results through June for Delaware County Pennsylvania. If you would like information about this or any other County in the Delaware Valley, please contact me. The report compares the current results to one-year ago, same time period. As with all Real Estate statistics, two things are true. First, the performance with...

I created and am teaching a class on representing sellers from the Consumer Notice through settlement. As part of my preparation for the class I reviewed the PAR Listing Contract in detail. I have always questioned two specific statements in paragraph 13 which is titled ADDITIONAL OFFERS. I have worked around these two statements in my own business and used the classroom as a way to see if other agents agreed with me. Most did. Here are the statements and my thou...