I just came across the most ridiculous thing when I was checking out this update from my favorite real estate website OahuRE.com. They have all the information you need when researching on any Oahu properties.
The ridicules is the restriction the Honolulu Board of Realtors impost on this site. Technically, the information that the Board of Realtors is trying to restrict are public information. If you are a member of the Honolulu Board of Realtors, you'll have access to that information in their MLS system. Which means, you should be able to have your loyal (if you're lucky) "realtor" pull up that information for you.
But most of the time, they won't, unless you ask for it.
It irks me every time I heard the advertising from the Honolulu Board of Realtors on the radio. The Board is not here to serve or protect the buyer or seller. They are only interested in making profit for their paid-member real estate agents.
If they're are here for the consumers, why would they restrict public information. The Board of Realtors is trying to monopolized public information.
If you're buyer, did you know you can ask your agent to print out the stats on the home you're interested in with all the market comparison, past sold history, tax assessment information, and most importantly, how much mortgage did the current owner took out to purchase the home and how much is still own on the home.
If your real estate agent told you, he/she can't provide you with that information...tell him/her "you're fire", and find another real estate agent who can get you that information.
Do you know why the Board of Realtors trying to restrict public access to this information? Membership to the Board of Realtors is about $1,000 a year. Among other benefits of the membership is access to the public information related to the real estate properties.
As I'm trying to emphasize here that these are "public information".
It's just another tactic to force people to hire a so-call "realtor", who claims to be real estate "expert".
I once had an "realtor" told me to put in a higher offer for a property because the seller would not make any money with the offer price I made. Who does he work for? Me (the buyer) or the seller. Real estate expert?! I don't think so.