When Don Faught speaks, other Realtors listen | February 25, 2011 | Pleasanton Weekly | PleasantonWeekly.com |


Pleasanton Weekly

Column - February 25, 2011

When Don Faught speaks, other Realtors listen

by Jeb Bing

When Don Faught speaks, others listen, or at least other Realtors did last week when Faught talked about the changing work environment in real estate to a large audience at the Valley Real Estate Network meeting at Tommy T's. Faught, vice president of Alain Pinel Realty and managing broker, has been in the business for 24 years, the last eight at here in Pleasanton. With new regulations, a tight mortgage money market and banked-owned (REO) and short sales now accounting for 40% of all home sales, the good old days of handshake deals and quick transactions by home buyers and sellers are over.

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Posted by Homeowner, a resident of Another Pleasanton neighborhood
on Feb 25, 2011 at 7:47 am

"After all, Realtors have a vested interest in maintaining home values in the communities they serve and in doing what they can to keep homeowners in their homes, even if it means no commission for their service."

In other words, realtors are working to keep houses overpriced even though prices are still well above historical norms. This is especially comforting as your friendly local realtor helped fuel the housing bubble in the first place(and profited from it quite nicely, thank you).

Your trusted realtors were also caught recently over stating homes sold by up to 20%...