You`re killing me
If that were the case, of course we would all do that.
I would buy the house for a 100K by using a 20K line of credit.
Collect my 3K commission.
Close my Million dollar deal and collect my 30k commission.
Pay off my line of credit with my 30K commission.
Rent the shack out for positive cash flow, until I could sell it for 120K
That's why that agent is selling million dollar homes
Whatever it takes... At the end of the day, I want a smooth closing for everyone involved. I'm too busy to get upset over lazy agents and half-a*#& companies. We all know they provide poor service.
I enjoy the feeling that results when I save the day. It's what I love about this job :)
Unfortunately, you do not always get to select the agent you work with. And there are now so many agents out there, most are not going to pull their weight.
So... sometimes you have to do the other agents job to get your clients escrow closed... so be it.
I know we are bound by what is offered in the MLS, but there should be some way to penalize lazy agents. Perhaps an addendum in the contract.
Usually you will find the clueless one or the lazy one very thankful to you because they know they should not even be there. The bad ones, you might have to pull the Broker out of the box. Some you just advise your clients not even to deal with the transaction because it coudl be rotten. .
I had to send an offer back because they agent could not even fill out the first page. The agent is a mortgage brokers trying to double end as a real estate agent. She sent in a contract saying the buyer is going to put 20% down and what not. From our conversation, it's a 100% financing with credit back. I asked her," Are you sure of this? I don't think this is what you said your cliens wanted to do". Her reply was : 'Oh, I copied everyting down from another realtor's contract. I thought I had it all correctt". I sent it back, she never did send the revised contract back.
There is another case where I was the listing agent, and the buyer agents was a discount broker. The buyer was so angry with the none negotiation; they startaed to email me asking for my help. I could not as I represent the sellers. We closed with buyers broker compensating the buyers for certain things. Now the buyer is calling me because they may sell.
I will always go to inspections or appraisals whether I am the listing agent or selling agent because it is benefiical for my clients if I know what the inspector / appraisers say. Sometimes the buyers agent won't even show up for inspection.
Bottom line is - Just make sure you do your side of the job and more to protect your clients!
We try to rationalize the behavior of the other agent to ourselves so that we can, in the end, better serve our clients by best achieving the end they want (or need in most cases), and if that includes doing a little extra work that maybe we shouldn't have to do, so be it. Luckily we love our job!
I learned from a great Realtor, to always blame your Broker.
I am sorry, ( smile) my Broker( Great Guy) says that is actually a conflict of interest.
I can not do that ( smile) Sorry.
The flip side is that I will never let a deal die, due to some cracker jack real estae slug.
When you call on one of my listings, I do say. "Tell me what I can do, to help you put this deal together"
No I do not mean your job.
I like Gary`s idea about addendums. I will bring that up to my broker next time.
EXCELLENT QUESTION!!! ( wink)
If an attorney decides that he/she is going to represent himself in a transaction and all that needs to be done is not, send an email or letter (have letter approved by your broker) informing him or her of the missing issues and keep a copy on file. Possibly, keep a check list handy that you can send along, with what has been completed and what has not.