I want to make it totally clear that I’m not at all saying that ALL real estate agents are sneaky and deceitful.
Most agents provide a very valuable service to buyers and sellers and operate with a high level of integrity.
Teardowns in this location are selling in a matter of days at M to M, yet this listing has been up for over a year.
Example: Here's a clickbait property an agent posted on Zillow.
The area is known as Beverly Hills Flats in Beverly Hills, CA which is ultra hot right now.
In New York State their are no ethical standards that I am aware of that address this issue, except that real estate agents are generally expected to conduct their activities in a professional manner.
However, all agents are accountable to their brokers for their conduct, so the first person to contact about an agent's unwanted advancements would be their broker.
THE PAYOFF: The agent’s pipeline will fill up with buyer leads.
These buyers will then be harassed via phone, email until the agent is given the opportunity to show them other listings.
I gotta admit, some of these tactics are pretty creative. THE SETUP: This trick involves the real estate agent getting a super hot lead on a very desirable property, something which a real estate developer could make a lot of money on (usually from deceased owners or an elderly person) in a very desirable location.
Once the listing is locked down, the agent will immediately call their long-time buyer clients to get in and lock down the deal.
The property will look like a steal in a very hot area.