Once upon a time, there was a small ton of talk among real estate agents about the need to raise the bar. This weekend, I learned once again that the general public doesn’t seem to have much issue with lowering the bar of professionalism.
The Arizona Association of Realtors’ Residential Purchase Contract has gone through several changes since I entered the business in 2004, including a significant revision back in February. Before that, tinkering aside, was the 2005 version which included for the first time the concept of the three-day cure period.
So consider my surprise when I learned yesterday that there were nearly 4,000 purchase agreements written on the outdated forms last year. All the protections added for buyers (and in some rare instances, sellers) were tossed out the window because the buyers’ agent used an ancient, outdated form rather than the updated versions available for free to any Realtor.
I say this quite often but it’s because the concept bears repeating. Not all real estate agents are alike. We are not interchangeable. While the majority do their best to do their best for their clients, there remain a significant portion who constantly are lowering the bar of professionalism in this industry.
The truth is, this can’t change on our side. Until the public gives a damn, these agents will remain in the business.
Good luck out there.
Photo credit: Paul Sableman via Flickr Creative Commons