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  A while back Laurie Mindnich wrote a Blog titled  Naughty, Naughty...  It was basically about Realtors practicing "tactics" that may be "by the book" but are a bit shady.

  A conversation with my husband brought to mind a "related " practice that I know is Legal....but would you do it? 

  car                                  

We were headed home from checking on an empty listing I have and went by a property that a Buyer of mine had just purchased!

My husband asked me why I hadn't put a SOLD sign, with my Keeler Family logo, on the property? After all...if we have the Buyers permission it's perfectly above board to do so....I don't do it!  I know why I don't do it.... It makes me feel disingenuious.

Actually few in this area do it. But when they have...  I  know of two instances when it  caused VERY hard feelings between agents. Sort of like "Stealing The Glory"

 

  Is this common practice where you live? Is it done often? Does it cause bad relationships with fellow Realtors?

                                                                        sign

                                                                  Would You Do That??

 

 

 

25 Comments on Would You Do That?

Typically it is the listing agent who advertises they sold the house.  I swear by it and normally pick up a listing in the same neigborhood

07/08/2007 10:48 PM by Jennifer Walker-Derby, Realtor Extraordinaire (Re/Max Westside)


Jennifer...that is typically how it is done here too. But there are a few who take advantage of the fact that with permission, after the house is sold,the selling agent can put up their own sign...saying sold!

07/08/2007 10:52 PM by Joan Mirantz- Concord New Hampshire Realtor (Keeler Family Realtors)


In my area either agent can do the sold sign.  Both agents also send out cards indicating they just prticipated in the sale of the property. 

07/08/2007 10:54 PM by Jennifer Fivelsdal, Rhinebeck NY (Keller Williams Realty)


It doesn't happen much here and I would never do it. Its tacky and if you did a good job, the referrals from your clients will get you more than any sign will ever do.

Great post.

07/08/2007 11:08 PM by Brad Snyder (Sierra Vista Realty)


It is almost a standard here for the listing agent to put up a sold or under contract sign prior to closing and remove the entire yard sign at closing.

Not so common is the buyer's agent putting up that sign after the home is sold to their client. Me and another Realtor did put up a sold sign once with the Buyer's permission AFTER closing and it DID cause a bad reaction from the listing agent, ,even though we were told it was OK by our board.

We all have to get along. Common courtesy is important, so I won't put another SOLD sign up on a property that my buyer purchased after closing anytime in the near future unless I am both the listing and selling agent and my buyer is OK with it all.

07/08/2007 11:17 PM by Wendy Montoya, Waco Realtor® for Waco Homes! (Century 21® Towne Adams)


Jennifer..we are allowed to do both. How it is received is the sticky wicket! I have done postcards (with the Buyers permission) to introduce the buyer. It isn't so "in your face"

07/09/2007 12:12 AM by Joan Mirantz- Concord New Hampshire Realtor (Keeler Family Realtors)


 I agree Brad...I think that'd why it doesn't happen much here either!

07/09/2007 12:15 AM by Joan Mirantz- Concord New Hampshire Realtor (Keeler Family Realtors)


I hear ya Wendy ...who wants to keep looking over their shoulder?

07/09/2007 12:17 AM by Joan Mirantz- Concord New Hampshire Realtor (Keeler Family Realtors)


Here the trend is for signs and poles to completely come down immediately when a home is sold. When the home is in a "pending" state the listing agent may decide to put up a Pending rider under the sign. Don't think I have ever seen a buyer's agent do it. Not sure what the advantage would be anyway, since there is no name on the rider- only the words Pending.

07/09/2007 01:03 AM by Bob & Carolin Benjamin - E Phoenix Arizona Real Estate (The Benjamin Team - Keller Williams Integrity First Realty )


Not a practice here at all...but I know of agents who send out postcards to the neighborhood.

07/09/2007 01:08 AM by Celeste "SALLY" Cheeseman (RA), e-PRO HAWAII Real Estate & HAWAII Relocation (Century 21 Liberty Homes -Mililani, Hawaii)


Bob & Carolin...The Buyers agent can put their own sign, with a sold on it(after the closing)

So far it would appear that not too many do it!

07/09/2007 01:08 AM by Joan Mirantz- Concord New Hampshire Realtor (Keeler Family Realtors)


Joan, I was very surprised to read that.  They do it here all the time, I see the signs every day with the listing agent having put SOLD or UNDER CONTRACT.  I guess it is different all over.  They come down at closing.

07/09/2007 01:16 AM by Carole Provenzale Owner, Feng Shui Long Island & New York (Feng Shui Long Island & New York City)


Joan, Carole took the words right out of my computer.  It's done here all of the time, and in Colorado, the signs always had "sold" on them, without acknowledgement of who actually brought the buyer.  While it's certainly polite to acknowledge the person that brought the buyer, the listing agent is the one that got the ball rolling with the property by achieving the listing- part of the "glory" for the door knocking is presenting the "sold" sign when it goes!

07/09/2007 05:41 AM by Options Realty


Carole...that is common here too. But since it is allowed for the Buyers agent to put up her/his own sign,saying SOLD(after closing) I was curious if many did it?

07/09/2007 08:16 AM by Joan Mirantz- Concord New Hampshire Realtor (Keeler Family Realtors)


Hi Lauri...It's nice to know not too many do it. It happend twice in our office to the same Agent. Needless to say she, and the rest of us, were ASTOUNDED....and didn't think too much of that offending Agent. It's such predatory behavior!

07/09/2007 08:20 AM by Joan Mirantz- Concord New Hampshire Realtor (Keeler Family Realtors)


Hi Sally,

I don't think the postcard thing is too bad. The other is a slap in the face....glad to hear that The Island is above it!

07/09/2007 08:23 AM by Joan Mirantz- Concord New Hampshire Realtor (Keeler Family Realtors)


Oh - Here's my .02 for what it is worth -- if it takes 2 to get the job done -- then I don't see a problem with a sold sign.  The seller agent's job is to market the property -- the buyer agent has a lot of work to do as well to bring a buyer, develop a good negotiating strategy -- and make sure that things proceed forward to closing.   After the sale is complete, I see no issues with a sign -- since we don't SELL houses our signs say "bought" through XYZ company -- I have never had 1 complaint --

07/10/2007 08:48 PM by Joan Whitebook, ABR, e-Pro, CEBA (Buyer's Option Realty Services)


In our town the listing agent is the one that puts the "sold" sign onto the for sale sign.  We live in a small town and we all know each other, so I don't think anyone thinks about the "sold" sign and who puts it on.  The signs usually come down within days of the closing if not the same day. 

07/10/2007 09:07 PM by Carolyn Shipp Mineral Wells, Texas Real Estate (United Country Cason Real Estate)


Joan...I wondered how you guys handled that! I personally think there is a totally different perception of the term Bought Through....that spells it out and gives credit where credit is due. Even though we List I think banners saying that might get rid of some hard feelings.

The other way is (in my opinion) deceptive and misleading!

07/10/2007 09:12 PM by Joan Mirantz- Concord New Hampshire Realtor (Keeler Family Realtors)


Carolyn Your point is well taken. Truth be told...I think most people just want to know that it is sold and don't especially care about by who!

07/10/2007 09:15 PM by Joan Mirantz- Concord New Hampshire Realtor (Keeler Family Realtors)


After the closing you can put up your sign if your buyer the new home owner allows it. I would do it...a "bought through" sign is perfectly okay.

07/11/2007 08:45 PM by Monika McGillicuddy~NH Real Estate Broker (Prudential Verani Realty)


Monika ...I like the "Bought Through" wording too. It's more honest!

07/11/2007 11:27 PM by Joan Mirantz- Concord New Hampshire Realtor (Keeler Family Realtors)


Joan - this is an accepted practice in our area, but it is used very little.  I have noticed that the primary users of this tactic are the ones with big egos that need reassurance.  Personally, I would rather have the client do my advertising.  Word of mouth is much more powerful than a sign in a front yard somewhere.

07/18/2007 11:06 PM by Carol Smith, ReMax Preferred, REALTOR®, Toledo, OH (www.calltoledohome.com)


Carol...I think you hit the nail on the head...ego!!

07/19/2007 12:02 AM by Joan Mirantz- Concord New Hampshire Realtor (Keeler Family Realtors)


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Real Estate Agent: Joan Mirantz- Concord New Hampshire Realtor  (Keeler Family Realtors)
Joan Mirantz- Concord New Hampshire Realtor
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