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Nottingham, MD

Chicken or Egg

Ron Trzcinski: Real Estate Agent in Nottingham, MD

Chicken or Egg

It's an age old question of philosophy. What came first the chicken or the egg? It is cyclic in nature; you can not have one without the other. Although, I did have eggs for breakfast without the chicken and then I had a chicken sandwich for lunch without the eggs. Perhaps the question has more to do with your opinion of creationism versus evolution; I don't know.

. . . and then there is Santa Claus . . . myth or reality? Well, I did meet Santa and I have pictures to prove it. That's right; me and my brother sitting on Santa's lap. However, when I was a bit older, I found my brother bringing a friend from down the street, who was dressed like Santa, to see my little sister. I had to wonder. Was there a conspiracy and my brother was in on it? Me and my sister were being indoctrinated into this charade. But why?

Now that I am older, I am hearing about a new philosophical dilemma. What comes first: the service / product or the profit? To further complicate the situation, beyond that of the chicken and egg concern, is the idea that profit might not actually need to exist.

I believe that society and its economies are complex. My approach regarding the question of service versus profit is that service comes first and profit comes second if the service was needed and was delivered in an efficient manner. Further, the purpose of my profit is to turn around and purchase other services from other people, services, which they can provide more efficiently than I. The more profit that I make, the more services that I can purchase.

Some people believe that profit comes first. When profit is considered first, then the service may or may not have value, but it will yield a profit. Some people call this greed. I agree. However, the one benefit to this type of thinking is that an argument could be made that they do not need to pay a value-added tax, since their product has no value. Nonetheless, this type of thinking must have a limit to the potential profit, because people will eventually determine that there is no value in what they are buying. This last sentence takes me back to one of the reasons that I approach service first rather than profit.

In one sense, I can see how profit does not need to exist, but this is only related to definitions. Services and products come from people, resources, and the ideas and labor of these people. These things already exist. Money, including profit, is actually a common denominator. It is a way to equate the many different services and products that are produced within the economy. For instance, a six pack of cola may cost the same as a gallon of gas or in monetary terms possibly $2.50. It is much easier to use money to purchase products than it is to barter products.

Let me step back. Why does one need profit? Basically stated, profit is the difference between what it costs to make and deliver a product and the amount that is paid for that product. Without this profit, one would have no money available to purchase other products. It is obvious why one would need to purchase other products. In an efficient economy and society where basic and advanced needs are being met, it is most effective for people to specialize and to use the talents which they possess both naturally and through their developmental efforts and to use the resources which are most available to them. No individual will produce everything that they need by themselves. Yes, there are individuals who have wonderd off into the wilderness and lived on their own, but not without the knowledge that they gained by first living within a society.

Even if you did not have the Santa fantasy, you probably learned that it was human nature to want more, first basic needs and then higher level needs. It was profit that propelled the fullfilment of these desires. It was the pursuit of meeting these needs that led to an increase in the overall wealth.

So where does this take us? Let us go back to Santa Claus, that jolly fella who would deliver anything that your little heart desired. You would simply sit on his lap, put in your order, and he would have the slaves, er, I mean elves slap it together for you. Whether he was real or not, it seems that those years of indoctrinating our youth has led to a society that believes, if not in Santa, then, at least, in the concept. So how does it work?

In the modern day world, the role of Santa Claus and his modest North Pole operation has been taken over by Big Government. Apparently, one of the elves had wondered off of the northern plantation and came upon Chicago where he met several individuals who taught him the basics of expanding this Santa concept. He was instructed that he only needed to infiltrate the government and that there he would find an endless supply of goodies to "spread around" and make good cheer. So with magic dust (no wait, that was from an earlier time in this elf's life). . . . So with words of inspiration he went out to dupe the country and the world into believing that "Help is on the way." Soon he and some other radical elves were controlling the show, they were calling the shots in the biggest organization in the world. They were spreading the wealth around.

•· Insurance companies and banks were receiving bailouts in the billions (but careful what you wish for, as there were no more huge paychecks for the corporate executives anymore).

•· Automobile companies too were receiving tons from this powerful Santa-like organization as long as they made windmill powered cars.

•· Soon Uber Santa was promising health care for all.

•· The list was endless.

As for the chicken and the egg, forget it; there would be no more eggs, for they had too much cholesterol; and forget the chicken too, everyone would eat lettuce.

But if nobody had to make a profit anymore, then from where did all of the wealth come? China?

Nottingham, Maryland

Ron Trzcinski: Real Estate Agent in Nottingham, MD

Nottingham, Maryland

If you are looking to buy a home, but have not yet decided upon a neighborhood, then you may want to consider Nottingham, Maryland.

Here are some reasons why:

  • Great accessibility with I-95, I-695, Bus Routes, and the MARC Commuter Train all conveniently available, making it very easy to get to Downtown Baltimore, BWI International Airport, Aberdeen Proving Ground, Washington DC, and more.

  • Proximity to major colleges such as Johns Hopkins, Loyola University, Towson University, Goucher College, and several others.

  • Copious shopping opportunities where one can find almost any major retailer with White Marsh Mall being the anchor location for many of these stores.

  • Close by entertainment with theaters, movie complexes, major league sports' teams, such as the Baltimore Ravens and Baltimore Orioles all within 30 minutes or less of the area.

  • Several casual and fine dining restaurants all within a short distance.

  • A variety of affordable homes are available in the area. The link below provides a glimpse of what is available:

http://mrislistings.mris.com/Matrix/Public/Portal.aspx?ID=34049200756

Do Not Wait Until January 1

Ron Trzcinski: Real Estate Agent in Nottingham, MD

Don't Wait Until January 1

The shorter and colder days of the year have arrived and so has the fattening holiday season.

We do not exercise enough, we eat too much, and we sleep way more than we need.

Then, January 1 comes around and we make our New Year's Resolutions.

I am going to exercise more, stop overeating, and make more of every day.

But, why are you waiting? Would not you like to feel better now?

On Thanksgiving, we will visit with family and have the meal of the year and then with our stuffed guts have the family feud of the year.

Here is an alternative for you. Running, or jogging, or even just walking. Early on Thanksgiving Thursday, there will be parades all around the country, but even earlier than that, there will be people running, especially on Thanksgiving. Turkey Trot 5K and longer runs will be starting at 7, 8, and 9 am and they will be packed with enthusiastic runners.

"Oh! That's not for me! I'm lucky if I can run to the end of my street."

Stop bellyaching. Some of these people have been running for years and some have started only a month ago. There is one thing that you will see before and after every run that all of these people have in common:

Big fat smiles on their faces.

And, it does not matter what the weather is. I have gone to races where the temperature was in the 20s and a brisk wind was blowing, yet I would find 30 or more runners ready to go. After a half mile to a mile into the run, none of us was thinking about the weather; we were warmed up; we were enjoying the scenery. And, what was the same as in every other run for all of us:

Big fat smiles on our faces.

So forget the family feud on Thanksgiving and start a new tradition, a frolicky family fun run. But, don't stop there; make it a habit, a healthy habit, that you can enjoy throughout the year.

I look forward to seeing your smiling faces.

Presumed Buyer Agency and Confidentiality

Ron Trzcinski: Real Estate Agent in Nottingham, MD

Presumed Buyer Agency and Confidentiality

Presumed Buyer Agency does not exist in all states, but it does exist in Maryland.

In the past, prior to Presumed Buyer Agency, when a Buyer went to an Agent, that Buyer would, frequently, presume that the Agent was representing them, unless the Agent was the listing Agent for a property. However, in the past, the Agent was actually representing the Seller regardless of whether or not it was the Agent's listing.

Because of this confusion, Presumed Buyer Agency was created. Now, unless the listing which is being shown is listed by the Agent or the Agent's Broker, then the Agent is presumed to be representing, in an agency relationship, that particular Buyer.

A key word here is Agency. In an agency relationship, one of the fiduciary responsibilities and expectations is confidentiality. Even though, it is not a written agency agreement between the Buyer and the Agent, it is still an agency relationship with all of its implied fiduciary responsibilities.

The requirement for confidentiality is ongoing; it exists forever, even after the agency relationship ends or even upon the death of the Buyer.

Presumed Buyer Agency has its limits. In the State of Maryland, an Agent, when working with an actual contract to purchase or lease, must represent one or the other Buyer or Seller, beyond a presumptive state. This representation must be disclosed in writing.

Confidentiality example: An Agent works with a Buyer in the capacity of a Presumed Buyer Agent. During this time the Agent shows the Buyer several houses and learns of the Buyer's financial means and ability to purchase a house. Eventually the Buyer orally ends this Presumed Buyer Agency relationship. The Buyer signs a Written Buyer Agency Agreement with another Agent from another Brokerage and puts in an offer to purchase one of the listings from the original (Presumed Buyer) Agent. The listing Agent can not give the Seller, his client, any financial information from this Buyer, which he learned while acting as his Presumed Buyer Agent, unless this information is otherwise made available. This is true, eventhough the Presumed Buyer Agency relationship was not in writing and, eventhough, the Agent has a fiduciary responsibility to his client, the Seller.

So be careful.

Buyer Agency Protocol

Ron Trzcinski: Real Estate Agent in Nottingham, MD

Buyer Agency Protocol

Recently, I heard a question asked from a Buyer about Buyer Agency Protocol. The particular Buyer had been working with a Real Estate Agent for about a month, but without a Buyer Agency Agreement. Eventually, the Buyer found a house on his own and worked directly with the Seller to write the contract. The Agent was not involved.

Afterwards, the Buyer posed the question: "What is Realtor protocol in this type of situation, because I want to be fair?"

In that month, prior to the Buyer going out on his own, the Agent had done copious amounts of work for him. Naturally, the Buyer did not want to take advantage of this Agent.

So, Mister Buyer are you willing to pay that Agent 3% of the purchase price for that deal that you made without him. Not likely. In actuality, it is more likely that you are thinking of paying him a couple hundred dollars, if that.

Let me see if I can determine how this works.

  • I have a mortgage. I will call them and ask what is protocol. Can I stop paying my mortgage? Oh, that's right; that has already been answered. Look at all of the Foreclosures and Short Sales.
  • I have a credit card that I have been using. I will call and ask if I need to pay the balance. Oh, I can declare bankruptcy and not pay any of it.
  • If I go to the emergency room, do I need to pay for the medical service?
  • . . . .
  • Can I use a Real Estate Agent for nothing?!!

Some Agents are okay with this scenario. "Oh gosh; don't worry about it; just send me referrals."

"Darn right I will send you referrals; you are the cheapest guy in town."

But now I ask, should his question have been reworded. Perhaps to something like "What is Buyer protocol . . . ?"

Should a Buyer pay for the services that he receives, for any service or product, or should he expect that everything should be free? "Let's spread the wealth around", the wealth which will not exist if everyone thinks that they are entitled to everything regardless of what it costs.

That's it for now.