Monday, December 24, 2012

[UPDATED] Albany Times Union apologizes for story about ignoring Realtors’ advice | JIMROMENESKO.COM


[UPDATED] Albany Times Union apologizes for story about ignoring Realtors’ advice | JIMROMENESKO.COM

Two weeks ago, Albany Times Union reporter Kristi Barlette solicited anecdotes for a quickie Real Estate section item about agents. “What advice did he or she give that you ignored?” she asked. “Why did you decide not to take their advice, and how did it turn out?”

Albany-area agents saw the responses in last Sunday’s paper — here’s one: “They want the fastest sale more than the highest price” — and were furious.
“This story was totally out of line,” says Anthony Gucciardo, who claims to be the top real estate agent in upstate New York. “I emailed my sales rep and canceled a $10,000 advertising contract.”
On Monday, Times Union publisher George Hearst III interrupted his 3-week vacation to apologize to the real estate community for what he calls a “one-sided …unfortunate article.”

Agents are usually Iv or Oy, they are looking for faster sales as high energy and short time. Deception can also became a contagion with weak I-O policing, a newspaper then can be driven to write deceptively under pressure from the competition of getting ad sales. Gresham's law also applies, those paper unwilling to compete in hyping a market lose market share to those who do. This also happens with agents, those unwilling to be deceptive can be at a disadvantage when I-O policing of fraud is weak as seen with subprime agents before the GFC.

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