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Is representing your family or friends a good or bad idea?

Asked by Trulia Las Vegas, Las Vegas, NV Wed May 15, 2013

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I think it depends on the relationship. I have some relatives that I wouldn't touch with a 10 foot pole. Wait. Make that 100. I'm listing my step dad's commercial property soon. He gets it. He will be good to work with.
0 votes Thank Flag Link Thu May 16, 2013
Guess it depends on the Agent, me personally I just try to be professional throughout & of course dead honest about everything!
0 votes Thank Flag Link Thu May 16, 2013
Good...if agent is experienced like Kim and I. Thanks, Matt
0 votes Thank Flag Link Thu May 16, 2013
I think it is a great idea to get started. Once you have been in the business for a little while you will need to expand outside your sphere of influence though and find a way to market new clients.

Best Regards,
Robert Adams
Broker/Salesman
The Adams Team at
Rothwell Gornt Companies
C:702-349-9175
O:702-932-8813
F:702-932-8826
RobertAdams@LVrealestateHELP.com
http://www.LVrealestateHELP.com
0 votes Thank Flag Link Wed May 15, 2013
Absolutely. I got my start by working with family and friends. Just be aware sometimes they will ask for special consideration on commissions, and demand of time. Just treat it like any other professional transaction. Respect them the same. On the flip side if a friend, or family member does not want to use you, for personal reasons, respect their wishes. Your relationship should come first. Transactions will come and go. Friends do not. Good luck.
0 votes Thank Flag Link Wed May 15, 2013
That is a tricky question. I have been in the exact situation many times with "Friends" and make it very clear from the start that what is shared with me stays with me and that this is totally a business transaction and must be handled in that fashion. You can have your glass of wine AFTER all business has been concluded.

Regarding "Family members", depends on your relationship with that person. If he or she understands from the beginning that they have to "Listen" and respect your expertise, then fine but if they are a "Know it all", simply refer them to a realtor whom you respect and know will do a good job for them. Better to cut your losses early on and still have family intact rather than make a huge mistake and one you will regret. Good Luck! Becky
0 votes Thank Flag Link Wed May 15, 2013
If you are a competent agent you should be able to represent anyone. Working with people with whom you are a familiar can be an advantage, as rapport and understanding should be a given and can be utilized from the outset in clear communications. The only down side is that sometimes friends and family expect special consideration in terms of time demands and commissions. Some of those potential stresses can be avoided by "future pacing" in regard to those subjects at your initial meeting. Obviously, if you have had conflicts with a particular family member in the past, it may be wise to stay clear of representing him (her), and he (she) probably isn't going to ask for your assistance anyway!
0 votes Thank Flag Link Wed May 15, 2013
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