Consumer Protection in Real Estate

Folks there are so many things that can go wrong in your real estate transaction. And in the end when you, the real estate consumer is left holding the bag, there really is No Consumer Protection. Appraisers give value based on size and acreage and NOT on whether the home is actually habitable. Realtors either Lie or just don't know what is going on with the real estate you buy. Some know and that has a term called "silent fraud". As long as they don't say anything they are not liable, right? The Realtor has Liability insurance but that protects the Realtor from The Real Estate Consumer and is NOT intended to Protect the Real Estate Consumer. There are Montana State Laws to Protect the Consumers but if your Realtor "Really believed the issues he knew would not be a future problem" than it is not an "Adverse Material Fact".. This Blog will point you in the right direction to look up these Real Estate Disclosure laws in Montana. Stay Tuned... Check Out my Other blog at www.MontanaRealEstateConsultant.info

As Realtors, they teach us that if a problem or a known issue with a home is fixed or not we still must disclose what we know. But here in Eureka Montana, the law is easily slipped by the Realtor. All he has to do is say yes it WAS a problem but he thought it was fixed.

Consumer Protection is NOT a Priority for the Association of Realtors, NMAR, or the Real Estate Insurance Providers.

Our Office Sold a Home a couple of Years ago, our Buyer Remodeled and Became our Seller. The Previous Listing Agent Called, he apparently had a buyer, he asked if our Seller had fixed the issues / problems under the kitchen, we had no comment. We were shocked, he was the previous listing agent and our buyer did not know of any "issue under the kitchen floor". Yet he wanted to make sure that our guy fixed it so that it would not be an issue for his buyer.

There is something Seriously Wrong with this Picture.

Seller Can and Do lie as well, they have to or they
would stuck with the property.

You NEED to Know how to Spot the Things
That Could Later ruin your Life.

Can a Home Inspector Help?

It is my experience that a home inspector cannot
give a structural opinion, but they do.

It is an engineered calculation as
to what a structure can hold and how
it will react, a home inspector CANNOT give an
opinion on this, yet some inspectors think they can and should.

A home inspector cannot see behind the drywall
and they should not be removing crawl space plastic or stryfoam, chipping grout, messing with appliances, or doing anything that is NOT Visual.

A home inspection is suppose to be visual. A home inspection is not "Standard of Practic" meaning most buyers in Eureka Montana Do not get one.
The Ones I have had have missed things badly, I have had to point out issues of concerns. I have not had a good experience with a home inspector.

As a Real Estate Consumer you NEED to know what to look for with your own eyes. No one can protect you and your family better than you.

There are Lots of Tips on How to Really know what
Your Buying on My Blog Subscription at
www.SavvyBroker.com

It is My personal Opinion
From My Personal Experience
that there Really is NO Consumer Protection in Real Estate.

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