Zillow not the best deal for consumers?

From MarketWatch:

Something you should know about real-estate agents on Zillow

Consumer advocates have long cautioned against dual agency in real-estate transactions. That’s when the real-estate agent advocating for the seller also represents the buyer.

Common sense dictates this scenario can be detrimental to both parties. The buyer’s agent is supposed to help his or her client get a home for the lowest price; the seller’s agent is supposed to f3tch the highest price. Advocating for both sides seems impossible, yet some consumers still end up in that scenario.

A high percentage of those agents advertising on Zillow enjoyed more dual-agency transactions as a result, according to a recent report from Morgan Stanley. Specifically, it found that 60% of those real-estate agents who advertised as a “premier agent” on Zillow received a 30% increase in these dual-side deals. Financially, that means a big payday for the agent, who doesn’t have to split the commission with someone else — effectively doubling his or her pay.

Zillow representatives point out that users see information for the listing agent and three other agents when they search for homes, and can look at customer reviews of agents on the site as well. “We believe that access to information creates a more efficient and ethical real-estate marketplace,” the company noted in a statement, in response to questions about the Morgan Stanley report.

But the fact that there is so much information on Zillow — including information on home prices and community features — actually can work to confuse consumers, said Chris Whitehead, president of the National Association of Exclusive Buyer Agents. They perceive it as a site for information, but fail to realize it’s mainly a place where agents try and collect clients, he added.

“Zillow, to the consumer, is a resource, but all it is is a lead-generation site for real-estate agents,” he said. “The real-estate industry has become an industry of transactions, not people. That’s what all the advertising out there is built toward — getting another transaction,” Whitehead said.

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48 Responses to Zillow not the best deal for consumers?

  1. Fast Eddie says:

    Breaker, breaker, do you copy?

  2. grim says:

    Word to the wise, never, ever use the word f3tch, unless you want to be firewalled from your own server. Damn application firewall and sql injection filters.

  3. grim says:

    What’s the over/under on the pope bursting into flames when he enters congress?

  4. chicagofinance says:

    right here son….
    http://brokercheck.finra.org/

    anon (the good one) says:
    September 24, 2015 at 8:51 am
    look up article in WSJ about checking out their credentials. many mini Madoffs have criminal records

    phoenix says:
    September 24, 2015 at 8:01 am
    anyone know a good financial advisor?

  5. anon (the good one) says:

    CEOs are worth every penny

    @FT:
    Scandal-hit VW’s departing chief Martin Winterkorn to walk away with €28m pension pot.

    “Martin Winterkorn is to leave Volkswagen with a pension pot worth €28.57m after resigning as chief executive in a scandal that has wiped €25bn off the carmaker’s shares and spawned probes across the world.”

  6. grim says:

    If you thought the “Chairman’s Flight” was dirty, take a look at some of the “special deals” that Volkswagen Audi Group provides to German politicians. Even Merkel drives a big, heavy, polluting Audi A8. Ever wonder why EU emissions standards are lower than the US?

  7. Libturd in Union says:

    Anon,

    Find any oil in Afghanistan yet?

  8. yome says:

    BMW Report of higher than allowed emission in EU

    “Ever wonder why EU emissions standards are lower than the US?”

    http://www.marketwatch.com/story/bmw-shares-skid-on-report-of-higher-than-allowed-emissions-2015-09-24

  9. Juice Box says:

    re # 8 – EPA and those pesky college students from WVA are going to cause a worldwide recession.

  10. Juice Box says:

    So exactly how does no birth control jive with climate control?

  11. Juice Box says:

    Religion is certainly confusing, take today’s annual stampede in Mecca. So the biological progenitor of the Jews is celebrated in Mecca every year with the reenactment of the stoning of the devil?

  12. nwnj4Trump says:

    #12

    700+ stampeded to death like and animals and this is the type of stupidity that liberals think that we should be imp0rting wh0lesale. Adds to their voter rolls.

  13. You think he’s wearing a C4 vest underneath?

    What’s the over/under on the pope bursting into flames when he enters congress?

  14. [8] Diesel-covered Swan would be black, no? The WV report also showed the BMW diesel to exceed the US standard, but only on the rural/hilly road circuit, but the two VW’s were double and triple the BMW and highest on that circuit too. Skip to page 62:

    http://www.theicct.org/sites/default/files/publications/WVU_LDDV_in-use_ICCT_Report_Final_may2014.pdf

    BMW Report of higher than allowed emission in EU

  15. grim says:

    Pretty sure just about every american muscle car and suv will fail an on-the-road tailpipe emissions test with aggressive driving.

  16. walking bye says:

    Speaking of financial planners, I remember having a lunch presentation by Morgan Stanley, in which the rep could manage our 401ks. An hourly asked him if he could get him a 25% return? No he replied. How about a 20% return? No he replied more like 6-8 in a properly diversified portfolio. The hourly guy said well why would I want to use you. His strategy: Our company allows one exchange a day in your company stock at the close of business. So his strategy is to go all in our out every other day based on how the stock is doing at 3:50 pm. He moves entire portfolio making 1/4 to 1/2%. He is up 18% YTD and asking me if he should stay in cash. If I only had the balls to move $800k at a time like that.

  17. grim says:

    So he had a good run at the roulette table?

  18. walking bye says:

    Yes he did. Its his strategy since 1986.

  19. Fast Eddie says:

    So, the Pope addressed climate change and immigration. How quaint. Can anyone forward the link where the Pontiff denounced Planned Parenthood’s practice of farming baby body parts?

  20. grim says:

    I hear the lines outside the confessionals in the lobby were hours long.

  21. yome says:

    VW facing fines up to more than one year net profit in US alone. 2014 net profit was $12.4 billion. Lost 50% of its value. At what price will it be wise to play roulette ? GM came out if the dead. Will Gernany do the same ?

  22. The Great Pumpkin says:

    ON POLITICAL ENGAGEMENT

    1. Pope Francis: “I ask you to be builders of the world, to work for a better world. Dear young people, please, don’t be observers of life, but get involved.” (July 27, 2013)

    Bernie Sanders: “We have to be engaged. We have to get involved… And millions of our friends and neighbors who don’t vote, who have given up on the political process, they have got to get involved.” (Seabrook, N.H., Sept. 20, 2015)

    2. Pope Francis: “We must say, ‘We want a just system! A system that enables everyone to get on.’ We must say: ‘We don’t want this globalized economic system which does us so much harm!’” (Sept. 22, 2013)

    Bernie Sanders: “The American people are saying, “Enough is enough. We need to create an economy that works for all of us and not just a handful of billionaires.” (Cochran, New Hampshire on ABC News’ ‘This Week,’ June 28, 2015)

    ON WAGES

    3. Pope Francis: “A just wage enables them to have adequate access to all the other goods, which are destined for our common use.” (Nov. 24, 2013)

    Bernie Sanders: “The federal minimum wage, it’s a starvation wage. You do the arithmetic. People can’t live on it. We have got to raise the minimum wage over a period of years to a living wage.” (Johnston, Iowa, Sept. 3, 2015)

    ON FAMILY

    4. Pope Francis: “Over and over again we see that family bonds are essential for the stability of relationships in society, for the work of education and for integral human development.” (June 20, 2013)

    Bernie Sanders: “What is most important is the need for mothers and fathers to bond with the baby they have brought to life. What kind of family value is it when you tell a woman who has just had a baby that she can’t spend time with that child, but that she has to go back to work?” (Washington, D.C., June 11, 2015)

    ON UNEMPLOYMENT

    5. Pope Francis: “The most serious of the evils that afflict the world these days are youth unemployment and the loneliness of the old.” (Oct. 1, 2013)

    Bernie Sanders: “In my view there is no justice in our country when youth unemployment exists at tragically high levels.” (Liberty University, Sept. 14, 2015)

    ON WAR

    6. Pope Francis: “We want in our society, torn apart by divisions and conflict, that peace break out! War never again! Never again war! Peace is a precious gift, which must be promoted and protected.” (Sept. 1, 2013)

    Bernie Sanders: “It is my firm belief that the test of a great nation with the most powerful military on earth is not how many wars it can engage in, but how it can use our strength and our capabilities to resolve international conflicts in a peaceful way.” (Washington, D.C., Sept. 9, 2015)

    ON CLIMATE CHANGE

    7. Pope Francis: “The vocation of being a ‘protector,’ however, is not just something involving us Christians alone; it also has a prior dimension which is simply human, involving everyone. It means protecting all creation, the beauty of the created world… It means respecting each of God’s creatures and respecting the environment in which we live.” (March 19, 2013)

    Bernie Sanders: “When we talk about our responsibilities as human beings and as parents, there is nothing more important than leaving our planet healthy and habitable for our kids and our grandkids.” (Los Angeles, Aug. 10, 2015)

    ON HEALTH CARE

    8. Pope Francis: “It is vital that government leaders and financial leaders take heed and broaden their horizons, working to ensure that all citizens have dignified work, education and health care.” (Nov. 24, 2013)

    Bernie Sanders: “Health care is a right of all people, not a privilege. Most Americans do believe that all of us should have health care coverage, and that nobody should be left out of the system.” (Op-ed, Huffington Post, July 9, 2009)

    ON INEQUALITY

    9. Pope Francis: “It is a well-known fact that current levels of production are sufficient, yet millions of people are still suffering and dying of starvation.” (June 20, 2013)

    Bernie Sanders: “Despite exploding technology and increased worker productivity, median family income is almost $5,000 less than it was in 1999.” (Twitter, June 15, 2015)

    10. Pope Francis: “While the earnings of a minority are growing exponentially, so too is the gap separating the majority from the prosperity enjoyed by those happy few.” (Nov. 24, 2013)

    Bernie Sanders: “There is something profoundly wrong when we are seeing a proliferation of billionaires at the same time as millions of Americans are working longer hours for lower wages and we have the highest rate of childhood poverty of any major country.” (Portland, Maine, July 6, 2015)

  23. The Great Pumpkin says:

    Amen!!

    “ON WAGES

    3. Pope Francis: “A just wage enables them to have adequate access to all the other goods, which are destined for our common use.” (Nov. 24, 2013)

    Bernie Sanders: “The federal minimum wage, it’s a starvation wage. You do the arithmetic. People can’t live on it. We have got to raise the minimum wage over a period of years to a living wage.” (Johnston, Iowa, Sept. 3, 2015)”

  24. A Home Buyer says:

    25 / 26 –

    Speaking of Employment and wages:


    Connstruction and mining equipment maker Caterpillar plans to lay off 10,000 workers — or more — in a bid to save $1.5 billion a year in operating costs, it announced Thursday.

    http://www.chicagotribune.com/business/ct-caterpillar-layoffs-0925-biz-20150924-story.html

  25. The Great Pumpkin says:

    Yes!!

    “ON INEQUALITY

    9. Pope Francis: “It is a well-known fact that current levels of production are sufficient, yet millions of people are still suffering and dying of starvation.” (June 20, 2013)

    Bernie Sanders: “Despite exploding technology and increased worker productivity, median family income is almost $5,000 less than it was in 1999.” (Twitter, June 15, 2015)

    10. Pope Francis: “While the earnings of a minority are growing exponentially, so too is the gap separating the majority from the prosperity enjoyed by those happy few.” (Nov. 24, 2013)

    Bernie Sanders: “There is something profoundly wrong when we are seeing a proliferation of billionaires at the same time as millions of Americans are working longer hours for lower wages and we have the highest rate of childhood poverty of any major country.” (Portland, Maine, July 6, 2015)”

  26. joyce says:

    Idiot,
    Please do not post the link, and the text from the link, and then more of the same text again and again.

  27. Libturd in Union says:

    Did the Pope give a prediction on when wage inflation would kick in?

  28. Libturd in Union says:

    This is going too far. My phone just prompted me to text PAPALVISIT to 888777.

  29. NJT says:

    Was visiting a buddy in Deutschland back in the late 90s (1996?). Stopped to wait for a train to pass and a gang of neo-nazis in the car behind us got out of their vehicle and threatened to hurt us (like THAT would happen) unless I turned off the engine while the train was blocking the road (useless pollution or something like that – I don’t speak German well).

    A pub in the Black Forest area owned a section of river teeming with trout and rented fishing equipment but wouldn’t that day because of ‘Das Gruns’ (The Greens) – The group feels fishing is legalized murder. I was going to give them the Nazi salute (to mock them) when my friend pushed my arm down. Had I succeeded in the gesture he said one of two things would have happened:

    *Das Guns would have beat me to death.
    *The police would have arrested me and gave me a beating that I’d never forget.

    Nice place to visit (especially for the beer and food) but I wouldn’t want to live there.

  30. Anon E. Moose says:

    Tool [5];

    How much of their stock did you own? Oh, none? Then why are you concerned?

    Leftism is nothing but a case study in the worst of human nature: particularly envy, and psychological projection.

  31. Anon E. Moose says:

    Just like the Toyota debacle, US Gov’t attacking a non-UAW manufacturer.

  32. Anon E. Moose says:

    Gourd [21, et. seq.];

    Is ABC now officially on the Bernie payroll? Or do they put out like that for free? Don’t know what’s worse.

  33. The Great Pumpkin says:

    Why does a politician that wants to help make this a better world scare you?

    Anon E. Moose says:
    September 24, 2015 at 1:54 pm
    Gourd [21, et. seq.];

    Is ABC now officially on the Bernie payroll? Or do they put out like that for free? Don’t know what’s worse.

  34. The Great Pumpkin says:

    I’m stressing a point.

    joyce says:
    September 24, 2015 at 1:05 pm
    Idiot,
    Please do not post the link, and the text from the link, and then more of the same text again and again.

  35. Anon E. Moose says:

    Gourd [36];

    Why does a politician that wants to help make this a better world scare you?

    Nice loaded question. And have you stopped beating your grandmother?

    A) Bernie doesn’t scare me.
    B) Bernie doesn’t want “to help make this a better world,” at least not directly.
    C) Even if Bernie DID want want “to help make this a better world,” his proposed policies have been proven throughout history to make the places they’ve been implemented worse, not better, both on their own terms and relative to freer nations.

    Bernie appeals to mush-headed college students with little real experience in the world and over-the-hill stoners who’ve failed to achieve what was promised to them and need to blame others for their perceived failures. I don’t think you’re the latter, so regardless of where you are with respect to your college career, I have to group you with the former.

  36. joyce says:

    Why does strangling puppies give you such pleasure?

    The Great Pumpkin says:
    September 24, 2015 at 2:35 pm
    I’m stressing a point.

  37. POS cape says:

    Eventually those VWs would have to go to NJ emissions testing and they would have been caught anyway, right?

  38. Non-Moosey says:

    And you think that the Korean/Japanese/Chinese governments don’t hassle their “foreign” auto manufacturers?

    Look up what the South Koreans Tax Agency does to anyone that buys an American car. The audit they give is colonoscopic in depth.

    Anon E. Moose says:
    September 24, 2015 at 1:49 pm

    Just like the Toyota debacle, US Gov’t attacking a non-UAW manufacturer.

  39. Libturd at home says:

    Was in the Apple store today at 11:20am getting a jailbroken and bricked iPad mini(still under warranty) fixed (replaced for free). I was in the Short Hills Mall. Had to be 200 people in that store (new iPhone comes out tomorrow, so it wasn’t that). If you want proof their is problem with employment, especially among young peeps…check out the crowds in the Apple Store.

  40. D-FENS says:

    No. That’s the point. The cars computer was designed to fool emissions testing equipment.

    POS cape says:
    September 24, 2015 at 4:17 pm
    Eventually those VWs would have to go to NJ emissions testing and they would have been caught anyway, right?

  41. Marilyn says:

    #30, HAHA!!!! Im waiting for that !

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