Who’s working for who?
April 23, 2008
I encountered yet another agency relationship issue this morning. Whenever I receive inquiries about my listings I always ask if they are working with another agent. In this case they said no, and I agreed to meet them at the property which is close to my house. After interrogation, they revealed to me that they were working with someone who was a “REALTOR” and not an agent. At this point in time, I began my agency relationship educational spill and clarified how the system works. This is the 2nd time this has happened to me in just a few weeks (although the last guy who turned out to be loco, flat out lied to me and then took off running for his vehicle after I broke out the “Working With Real Estate Agents Brochure”). It not only frustrates me that I have had to rearrange my schedule to accommodate someone else’s client, but also in the lack of education that these agents are not providing to their clients. However, I do have a fiduciary duty to my client which would include aiding customer/clients in looking at the property. Often times you see other agents in my line of work that only work part time or have another full time job. This often times makes it difficult for them to move on their clients request. Do you think that it is my duty to show someone else’s client a listing of mine? Or should I just tell them to call their agent? How would you feel, as a buyer, if your agent was out of the loop and the listing agent turned down your request to see the property? Don’t get me wrong, I’ll do what I’ve got to do to make the sale happen, but why should I have to do someone else’s job?
First Time Blogger
April 22, 2008
Welcome to my first blog! I’m a real estate broker in Asheville (that’s Ashevegas to some of you) NC with Century 21 All Seasons. My game plan is to utilize this blog for real estate information, both regional and national, and for general info about what’s going down in the big city of Asheville. A big thanks to Chad Huck for getting my wheels turning on the blog scene this morning. I’m looking forward to many discussions with all of you kind folks in cyberspace. Here’s something to chew on for today.
I just put one of my listings under contract that was in a multiple offer situation. Being the thoughtful agent that I am, I advised my client to hold off on responding to the first offer until we had the 2nd offer in hand. At that time we would review both offers and make a decision. Pretty straight forward, right? The problem that occured was that agent #1 never contacted me before quietly dropping off the offer to my office. Agent #2 had shown the property last week, called me to see if I had anything cooking, and then set up a 2nd showing for yesterday. Agent #1 had placed himself on the short end of the stick by not coming in with a competitive offer (due to the fact that he was not aware of the competitive situation). My client quickly executed agent #2’s offer without even thinking about going back to agent #1. How do you think that agent #1’s clients felt about this. Hey it’s only business, and ethical business at that. Any opinions out there?
Hello world!
April 22, 2008
Welcome to WordPress.com. This is your first post. Edit or delete it and start blogging!