The REAL-Reform Blog is still online at: http://real-reform.blogspot.com/ . Future updates are likely to be sporadic, at best.
It's over. It has taken several long months for me to be able to
face it...but the scam concept of Designated Agency is now a
part of Wisconsin law, thanks to irresponsible Wisconsin Politicians
and a willfully inattentive Media...BOTH of which bent over backwards
to allow the Wisconsin Realtors® Association to get just what their big
brokerage firm members wanted.
While REAL-Reform put up the good fight, the fix was in right
from the very start. Not that this should be surprising, given
that the laws being passed by legislatures have been up for sale
throughout all of the 21st Century and much of the latter half
of the 20th Century, too.
In words attributed to Scottish historian Alexander Tytler: "A
democracy cannot exist as a permanent form of government. It can
only exist until a majority of voters discover that they can vote
themselves largess out of the public treasury." Well, many people,
and organizations, have long since discovered that democracy is
for sale...and have set up lobbies--as have the Realtors®--intended
to get them their ill-gotten share of the booty.
This is the essence of Designated Agency. Taking a common sense
concept--that being the common law of agency, which mandates
putting the interests of the client ahead of all others, including
that of the firm and/or its agents--and turning the law into a means
for very large real estate firms to line their pockets via deceptive,
self-serving, legislation of their own creation.
Designated Agency is about preserving the doubled up payday that
comes from the in-house real estate transaction and, the bigger the
firm...the more in-house transactions they perform.
For more on Designated Agency, [Click Here].
The bottom line, for now, is that REAL-Reform shall now be largely
dormant. Certainly, any consumer who feels wronged by nonsensical
real estate laws can bring their plight to our attention and we will do our
best to point them toward sources that can help...but, for now, this
site will become mainly a historical archive of the successful 2002
Battle Against Designated Agency...and--eventually, as time permits--a
chronicle of the even harder fought, but unsuccessful, 2005 effort to
keep Designated Agency out of Wisconsin.
If you take just one thing away from this site, let it be this: Keep
in mind what is in YOUR best interests and try to work with agents
whose incentives are in line with your own. Those who practice
Designated Agency have a great many incentives that are at odds
with what is best for you. There are better choices...and they aren't
that hard to find.
Jay Reifert, Director of Operations/President -- REAL-Reform
Broker/Owner -- Excel-Exclusive Buyer Agency
PS: As you might guess...I too, have a bias. The only thing is, when
my bias is satisfied--that of offering unconflicted representation to
my clientele--my clients also win, as my mandate...indeed, my legal
duty...is to watch out for the best interests of my clients...ALWAYS.