-
Open letter to Real Estate Apents…. er, AGENTS
An open letter, to Real Estate Brokers, Title agents, and Lending institutions (Let’s Talk about it)
If you are a Real Estate Agent, and you sell a piece of property, for say 200k, and normal Real Estate fees are somewhere around 6%, this becomes a profit of 12k.
Now, if you sell a piece of property, in MARCH of that year, you earn your commission, one time. If you sell that same piece of real estate again, in the fall, you also get your commission.
Now, when it comes to land surveying, Let’s say that the survey of that given piece of land costed 4k. And, on the SECOND sale of that land, what do you do?
YOU CALL UP THAT SURVEYOR, and ASK HIM for a copy of the previous survey.
In essence, you ÛÏCut him out of his commissionÛ. If you can.
Do you forego you commission, if you sell the same parcel 10 times? No.
Don’t ask the surveyor to either.
We are responsible for, and liable for the marks that delineate the boundaries of said property.I have seen innocent persons, with a trencher, or backhoe, destroy a survey mark, and then PLACE IT BACK as good as they can. Then, the neighbor relies on it, to build a fence.
I have seen the pwr company drill a hole, set a power pole, and throw the pin back, near where they think it came from.
I have SEEN guilty parties, pull out pins, cut down witness trees, and literally, try to ÛÏmake the survey say things it did not sayÛ.
When you sell title insurance, do you sign, and DATE and Affix the TIME of that title insurance? YES, because folks ÛÏDo thingsÛ that they ÛÏforget aboutÛ. You know it, and I know it.
So, if you want an update of an existing survey, call me. If you want a free survey, well, we’ll talk about it, when you stop charging Real Estate commission, after ONE SALE. And, when you no longer charge to update your title insurance.
Nathaniel Dearyan, PLS Arkansas.
Log in to reply.