Real estate investors lament lack of decent Realtors

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An investor is arguing that despite the increasing number of Realtors in the market, there are not enough good ones to help investors grow their portfolio.

Finding a good Realtor to source the best deals is proving increasingly difficult and especially in prime markets, according to the founder of one of Canada’s biggest investment clubs.

“Getting an investor friendly real estate agent is not as easy as everyone thinks,” said Jarek Bucholc from Canada Real Estate Investors Club (CREIC).

“Obviously, the most important thing for any investor is having a Realtor working hard for them,” he told our sister publication, Canadian Real Estate Wealth. “But finding a Realtor that really understands the needs of an investor is hard. It takes a lot of harder work to get a good investment property and some agents simply don’t want to spend all of their time to doing that. This is especially true in cities like Calgary where there is a limited stock of good investment properties.”

In the wake of Real Estate Council of Alberta imposing a fine on a Calgary man posing as a Realtor and scamming money and property titles from homeowners, Bucholc says investors need to be more careful of who they deal with.

“People like these tend to target the more vulnerable homeowners, like those who face foreclosure but investors, and especially first-time investors, can also come up against this,” he said, referring to the Derek Johnson case.

Johnson faces a $50,000 fine for allegedly acting as a realtor and broker without proper authorization in two separate cases. It was also revealed by the real estate Council that he had been advertising properties for sale without the owners’ knowledge or consent and is now trading under the name John Davis.

“Just as you do your due diligence on a property, buyers need to be active when researching the agents they want to work with,” added Johnson.
 
  • Doug King on 2014-08-22 11:22:18 AM

    A investor is arguing....
    Sounds about right.
    Though I do take exception to almost everything thereafter.
    Most good Realtors stay away from investors as poor energy investments. They quite naturally want to invest their time as wisely as they can...
    Very offensively, he then segues from 'poor Realtors' to some dude who isn't one.
    The point being?

  • pontificator on 2014-08-22 11:49:22 AM

    As a Realtor of 18 years I often lament the lack of "decent" investors. Mostly just waanabe slumlords. By definition, out to get rich off anyone they can.

  • Karim Keshavjee on 2014-08-22 1:37:53 PM

    What these so called investors really want is to find Realtors who are willing to help them screw an unwitting homeowner out of their hard-earned-equity! Forget about it!

  • Moe Lessan on 2014-08-23 12:32:06 AM

    Mr. Buchulc perhaps need to interview a few investment RE specialist, perhaps those who are members of the Canadian Commercial Council or Certified Commercial Investment Members Institute. He then can pick one they can work with, put him on retainer as a consultant. A prudent investor knows it and does it. Loyalty is a two way street.

  • Moe Lessan on 2014-08-23 12:32:11 AM

    Mr. Buchulc perhaps need to interview a few investment RE specialist, perhaps those who are members of the Canadian Commercial Council or Certified Commercial Investment Members Institute. He then can pick one they can work with, put him on retainer as a consultant. A prudent investor knows it and does it. Loyalty is a two way street.

  • Ryan Gilmour on 2014-08-25 4:03:28 PM

    As a broker of a 117-person GTA brokerage, I'd have to echo some of the comments from above.

    True investor clients are wonderful to work with since they approach the market from a financial perspective and very much value the advice of a good REALTOR.

    Unfortunately there is no accredited "Investor" title in real estate and we are inundated with laymen who have taken a 3-day course on how to get rich quick and call themselves "Investors".

    More often than not, the latter has preconceived notions of 25% cap rates and unrealistic return on cash which are far more difficult to dispell since their "coach" told them so. In our urban markets its rare to find residential investments that return 6% and the savvy investors move to the outskirts where lower cost of ownership yields higher returns.

    Moe Lessan makes a great point; good REALTORs are always eager to work for a loyal client who listens and has reasonable expectations.

  • Subbu Iyer on 2014-08-26 4:33:01 PM

    And most Investors from these clubs want to pay 1% for the Hard work !!!

  • Quatloos Derek. on 2015-01-26 6:07:43 PM

    He is taking advantage of people being foreclosed on. He and others are working to commit fraud on many different levels. He needs to be charged along with Laurel Cinnamon who has created numerous numbered companies in Alberta for Derek Ryan Johnson or DJ Ryan Johnson or John Davis or just DJ. He will be arrested soon for operating this fraud for years.

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