I would love to know what 'Walstmnky' stand for and your background one day as I am quite interested in people (one of the main reasons why I like real estate) :-)
Yes, it's typical fore RE agents to post references on their websites or include the letters in their listing presentations - with approval by their clients - they had better be able to substantiate the recommendations.
I understand what you are trying to say about treating clients differently if the properties are significantly differ in value â€“ I agree with you that if I list a $5M property, it will be treated differently than a $500K property.
However, the fundamental difference will be how to market the property to gain the exposure each requires â€“ the market place and medium will be vastly different and the potential buyers will be luxury property buyers vs. first time home owners (this is in Marin property terms). The marketing material will also be different (such as you might want to have a movie made and ad posted on luxury property magazines/websites for a $5M property but it will totally not make sense to have a virtual tour made for a property that needs a lot of work and shows poorly); the house might be by appointment only and might not have many public open houses, etc. You get my point.
How I treat each seller will not be different just because the price points are different. I will also negotiate from the sellerâ€™s side the same way for both types of properties.
For $5M buyers vs. $500K buyers and how to negotiate; I guess I canâ€™t think of anything thatâ€™s much different one from the other; other than, again, the potential differences in mentality of sellers. I might even show the $5M buyers fewer properties than the $500K buyers just because there will be less to choose from and possible more specific requirements; then again the opposite can also be true. On negotiation, for the same 10% I negotiated for my clients, one will receive $500K reduction and the other, $50K. I guess that should make up for the difference in commission.
Do I make $20K vs. $2K commission (hypothetical numbers proportional to $5M vs. $500K) mostly due to the physical effort/hours I spend on each property or due to the experience, knowledge, skills I have accumulated during the years I would like to think itâ€™s the latter rather than the prior.
Am I motivated by money? Yes, I am, just like everybody else; if not, I wonâ€™t be working at all. But I am more motivated by doing the right thing because we all know, the rewards will come naturally (if you built it, they will come).
The results and satisfaction of my clients are extremely important for me â€“ I believe in everything is possible. So, I am counting on my $500K owner to trade up to a $5M property in the future, and I had better be the one to list it.
It's kind of late, just got back from Tahoe, hope I am making sense.