And to StuyHtsHome,

I'm excited that you and your husband are still interested in the property.

Perhaps you might want to update the readers of this forum on the status of your purchase.

(including the incompetent brokers remarking who only specialize in selling apartments...and don't use the required Disclosure of Agency Relationship form by NYS Department of State in most of their transactions...in spite of the REBNY affiliation)

Of course, you have every right to walk away from your offer any time.

And you would avoid all the stress experienced if you only

FOLLOWED THE BROKERS INSTRUCTIONS...AND NOT WHAT YOU FELT YOU WANTED TO DO.

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

And from what I understand in MOPAR's experience, that agent was fired after failing to meet NYS Department of State.

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

Kudos to Foul Play for giving a dose of reality to the REBNY endorsement.

Posted by: bkemcee at September 25, 2009 7:16 AM in response to Worst Broker Experience Ever

BedStuyTownhouse,

I hope you've finally bought a home. Your posts are becoming pathetic.

Unfortunately, you have an incredible misunderstanding of what the law requires of licensed real brokers who represent sellers and what the law expects to be provided to buyers.

Perhaps you should make sure you know what you're talking about when stating that a real estate broker is a scam artist.

Maybe you should share with the Brownstoner.com audience when you were scammed.

Or perhaps leaving out the details of your failed offer that didn't meet the seller's expectation isn't a good enough reason.

One day, you'll have your home on the market and maybe hire a real estate broker to arrange a sale.

But even if you didn't and attempted to sell on your own, let's if you'll confer on the buying public the expectations you had when you were in their position.

Think about it.

Posted by: bkemcee at September 25, 2009 5:41 AM in response to List of local brokerage shops

Ah, BedStuyTownhouse,

I happen to know who you are. And it's funny how you only tell the story that gains affinity with avid posters here at Brownstoner.com.

Did you mention how low your offer was? Did you mention how long you took in making the initial offer? Did you mention how a real estate broker accommodated your unreasonable request to show you the home at 9am on a Saturday Morning because you had a busy work week ahead of you and other medical appointments that day?

Or did you think because you didn't get your way in the matter and assumed that the broker was lying about the property being shown, that it was ok to come to a public forum and trash their business reputation and integrity.

Any broker commenting here knows that Article 12a of the Real Property Law of New York State outlines the 3 conditions by which we're to confer the public when it comes to presenting offers.

Did you mention the suspicious pre-qualification you presented in your initial offer from a long island mortgage broker with a sketchy background.

You folks have to get it at some point and perhaps listen to MOPAR in her remarks.

I've had respectable, full disclosure dealings with MOPAR. Our client made that sale difficult.

Maybe you should ask your attorney what rights you truly have and see if they've been violated in this experience.

How you feel an experience has gone for you does not qualify as someone being sleazy and unprofessional.

Every broker commenting, although from a REBNY experience, is also aware of the 6 fiduciary obligations we are required when we represent sellers.

The law makes it clear. Perhaps before you start ranting in this manner, you should acknowledge your responsibility for the experience you have.

NO ONE IS REQUIRED TO GIVE YOU A HOUSE JUST BECAUSE YOU WANT TO BUY IT.

A home shopper will always have to satisfy the sellers expectation and I'm sure each broker commenting here will agree.

As for BedStuyTownhouse, I'll make my concerns known to you directly by phone on Friday, 9/25/09.

I hope you post the narrative of that discussion here at brownstoner.com as well.

Posted by: bkemcee at September 25, 2009 5:32 AM in response to Worst Broker Experience Ever

Ah the great power of anonymous commenting.

Not contacting a customer is a ridiculous assertion, unless, of course, the anonymous poster of comments toward the deep incompetence of Corley Realty Group or Michael Corley was not buyer or financially qualified to gain an appointment.

I'm in awe of the folks who post here who assume a real estate broker is required by law to conduct required public service to fulfill the fantasy of "gawkers" interested in going into people's home with no real intent to purchase.

Anonymous, if you didn't get an appointment, then you didn't qualify to be eligible.

It's easy to ramble on about what a broker does and does not do.

Rarely do you guys ever comment on what they can and can't do as home shoppers, financially...as this post bears out when arriving at values.

Something done here often also...knowing the price of every home commenting and the value of none.

Posted by: bkemcee at September 25, 2009 5:00 AM in response to House of the Day: 73 New York Avenue (Revisited)

Mopar,

I guess the easy answer to all 3 questions could be yes.

But that would imply that I'm a bleeding heart liberal with a narrow focus and affinity for a community or for the "right thing" (I'm in the wrong line of work if that were the case).

But I certainly don't resemble the extreme view points of "Brownstones Half Off" (especially given my days in the trading rooms on wall street - too much trader speak by someone who I doubt has any "skin in the game")

Rather, I think "Enlightened Capitalism" serves many different constituents with a vested stake in a process or opportunity (and I hope I don't come off to tree huggy with that phrase).

I just happen to think that financial resources happen to be an important component to development, but certainly not the only one.

And for years, the dim imaginations by elected officials and the cronyism, pork, favor swapping (and any other phrase that could be inserted here) are dreadful indictments on the borough's political machine and lack of political sophistication on the part of a community that permits their surroundings to bartered and brokered.

Imagine what it must feel like walking past this section for 30 years of your life...while an elected office holder brokers the best deal that benefits them.

sorry for the late reply.

Posted by: bkemcee at August 18, 2009 12:04 AM in response to Goldman Sachs Buying Up Fulton Street

Hi Brownstoner Readers,

I'm bkemcee (aka, Michael Corley) the author of the blog post that is the subject of Brownstoner's coverage.

I'm grateful to Browsntoner.com for bringing our content to the attention of it's readers, as it has inspired lively commentary by many interested in the subject.

And I'm also aware of Gabby's original post on the subject back in January 2008, which began the strange journey I embarked on that culminated into MyBrooklynReport.com.

Gabby made note of the topical information that was readily available to anyone gleaning posts from TheRealDeal.com that have their origin in press releases.

The goal of the series is to offer the reader a glimpse into the relationships developed between politicians and special interests and how property is utilized to garner support and influence (the City's unofficial real estate business).

What should stand out to any reader of the series is that 2 elected officials who held sway over appointments made to CB #3 over the last 30+ years could not have assembled the talent to unearth a proposal sooner than this? With Goldman Sachs Urban Investment Group? (Habitat for Humanity, anyone)

Real Estate serves different purposes to the end user. And since vacant land can't depreciate (due to it's scarcity) it becomes an undervalued asset to an already deep pocketed entity with a long term investment horizon.

It took nearly 12 years before they broke ground on the Metrotech project and there hasn't been an arena built to date in the Atlantic Yards footprint (and you've seen press on the change in scope and scale of that project, eliminating a large percentage of affordable housing - lawsuits aside).

DaveinBedStuy, Why would you think that they're going to do something just because CB #3, Land Use Committee of the City Council and The Department of City Planning have all given the green light? (The rezoning is now a irreversible legal statute)

I hold out the possibility of being wrong and hope that something will be erected there very soon.

But what could inspire a change to this location if the economic fundamentals don't indicate a significant return on investment to Goldman Sachs in your time horizon?

Remember, their not developers (shouldn't that give you a clue?)

Posted by: bkemcee at August 8, 2009 1:51 AM in response to Goldman Sachs Buying Up Fulton Street

wow....you folks are ridiculous

Mopar, YOU CAN'T BUY A HOME BY COMMITTEE. Meaning, these folks on this blog at times will remark on things they really have no knowledge of.

There have been at least 60 sales 2 family homes in this area, in which frame stock homes were selling at an average price of $490k in 2008.

If you're shopping for a house in an emerging neighborhood like this, you should expect to view homes where the maintenance has not been kept current (after all, how do you expect to identify an opportunity if doesn't come with a few challenges)

xander crews must know where all the crack spots were in this area, given his/her familiarity with the purchase process, and the shut in 11217 quoting murder rates must live in a bubble (all native new yorkers know that safety is relative, unless your a recent transplant from the midwest with very little experience encountering different cultures)

[last I checked, crime occurs everywhere in this city, if you've got the guts, visit the city's web site on crime statistics http://www.nyc.gov/html/nypd/html/crime_prevention/crime_statistics.shtml]

Letting these comments influence your purchase decision means you really shouldn't buy a house in a neighborhood you have no intentions of becoming a contributing member in its community.

And as for work, well, the average housing stock in NYC is 80 years and older. Your looking at row houses in a turn of the century brooklyn nabe with the wrong insight.

You had a great deal on the table for 4 months and you agonized over condition?!?!?!?!?!?

Well, someone will purchase and you may still be blogging on brownstoner with the same folks raising the same concerns about another house.

At some point, you'll learn. (hopefully sooner than later)

Posted by: bkemcee at March 18, 2009 2:11 PM in response to House of the Day: 735 Decatur Street Revisited

And to StuyHtsHome,

I'm excited that you and your husband are still interested in the property.

Perhaps you might want to update the readers of this forum on the status of your purchase.

(including the incompetent brokers remarking who only specialize in selling apartments...and don't use the required Disclosure of Agency Relationship form by NYS Department of State in most of their transactions...in spite of the REBNY affiliation)

Of course, you have every right to walk away from your offer any time.

And you would avoid all the stress experienced if you only

FOLLOWED THE BROKERS INSTRUCTIONS...AND NOT WHAT YOU FELT YOU WANTED TO DO.

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

And from what I understand in MOPAR's experience, that agent was fired after failing to meet NYS Department of State.

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

Kudos to Foul Play for giving a dose of reality to the REBNY endorsement.

Posted by: bkemcee at September 25, 2009 7:16 AM in response to Worst Broker Experience Ever

Stuyhtshome

It seems that you may be confused about the buying process. The broker doesn’t work for you. He’s representing the seller and it’s his duty to get the most money for his client. How this makes him a super slimy agent is beyond me.

How is this any different from buyers making multiple offers on several properties in order to get the best deal out there? Aren't they looking out for their best interest?

Don’t let your emotions get the best of you. It sounds a bit immature that you believe that because you made an offer that no other bids will be made or accepted after that. I think it’s quite reckless that you are maligning a broker’s reputation based off the fact that someone made a higher bid than you. You should be careful about making liable statements on a blog just so you can feel better about a situation. It seems like the only “crime” he committed was being late for an appointment.

And while you’re considering filing a complaint about this broker, you might want to think about if he’s going to file a complaint against you.

Also food for thought: If and when you do purchase a home and decide to sell one day, I bet you will appreciate the broker that you hire working to get the best and highest offer for your property.

Posted by: bklynliving at September 25, 2009 10:05 AM in response to Worst Broker Experience Ever