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Buyers are liars, jerks and time wasters! Or NOT!

By
Real Estate Broker/Owner with Tutas Towne Realty, Inc and Garden Views Realty, LLC BK607690

Today, I read a post written by Maggie Dokic. If you haven't read it stop and give it a quick read. Her post and the comments have inspired this post. Her post is about a Buyer not being loyal and using different REALTORS® to look at properties. By the way, I thought Maggie handled the Buyer fairly well. I thought some of the comments were ridiculous. REALTORS® were calling the Buyer names. So that's what sparked this post.

Folks, it is NOT the consumers responsibility to protect our commissions. They are also not obligated to stay loyal to you just because you showed them a house or two. We are SALES PEOPLE. Your job as a REALTOR® is to sell your services and until you realize that you will always have Buyers who you call "jerks", "liars", "disrespectful", "time wasters" and blah blah blah.

But make no mistake about it, it is NOT the Buyers fault. Why are you working with Buyers before they have agreed in writing to work with you? I just don't get it. I'm a listing Broker and I compete with other REALTORS® all the time. I don't expect a Seller to pay me just because I spent an hour or so of my time "pitching" them on my services. They have to decide to hire me and then we do an agreement in writing. Why should Buyers be any different? Why do REALTORS® try to sell Buyers a house BEFORE they have sold them on their services? It doesn't make any sense at all. It's ass backwards.

As long as REALTORS® continue to work like this the consumer will ALWAYS have the freedom to look at other houses with whomever they choose. They are not loyal because you haven't asked them to be. Buyers just want to buy a house. That's it. They don't care about your gas money, expenses and time. Nor should they. You don't. If you did, you would have a signed agreement guaranteeing your compensation.

Folks, this all may sound harsh and I am sure you have 100 reasons why getting a Buyer's Broker Agreement signed "won't work" or "will scare the Buyer away" or "nobody does that in may area" or a myriad of other excuses of why you can't. Bottom line is, if you can't get a Buyer's Broker Agreement signed you have not done your job. You have not sold the Buyer on your services and your value. You are making the choice to work and HOPE you get paid. And it's your right to do that. Just remember it's also the Buyer's right to look elsewhere and/or purchase through another REALTOR® or builder after YOU have wasted your time. The Buyer did not waste your time. You did. Take responsibility for your actions and quit blaming the consumer for your lack of professionalism. Up your game.

I can assure you, if you make the decision to only work when an agreement is signed, your business will skyrocket. You may have a learning curve and you may lose a few because you are still learning how to sell your services but it will be worth it in the long run.

So, I challenge each and everyone of you, to make a decision today, to be the best REALTOR® you can be. Don't say you can't. Say you will and then figure out how to do it. Remember this....A REALTOR® without a signed agreement, be it a listing or a BBA, is unemployed. And that's a fact.

If you want the consumer to respect your time and what you do, then earn it. Quit calling the consumer names and start selling them.

Now folks, you know if you read my Blog, that I'm not one to tell you to do something without giving some advice to help you do it. So here are a few posts I've written that will help you in getting a BBA signed. Now you have NO excuses.

Everything you need to know about Buyer Broker Agreements.(7 posts).

OK, that's Broker Bryant's ramblings for today. What say you?

All content copyright © 2007 - Broker Bryant Real Estate Ramblings

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Comments(63)

Melissa Nottingham
Coldwell Banker Advantage - Winfield, WV
WV Real Estate Agent
BB...I am a relative newbie on AR  and the first thing I need to say is that I love your straight forward, no bullsh... errrr.... No nonsense style. I have not used any buyer's agreements yet, but after reading this, you have really made me think that I might wanna look over that thing again and put it to use. Thanks for making me think.
Jul 24, 2007 08:35 AM
Bill Roberts
Brooks and Dunphy Real Estate - Oceanside, CA
"Baby Boomer" Retirement Planner

BB, I worked with buyers for about six months in 1975 and I didn't like it. We didn't have exclusive buyers agent agreements then to the best of my knowledge. I don't think that I would have worked with them anyway. I like working with sellers. I sell business opportunities. There is no mls for businesses and most business brokers don't co-op so I do "sell" my listings. I don't sell other listings. Kinda like the way you work. My clients however will buy things (real estate) through me (without a written employment contract) because they are MY clients.

Bill Roberts

Jul 24, 2007 09:55 AM
Bryant Tutas
Tutas Towne Realty, Inc and Garden Views Realty, LLC - Winter Garden, FL
Selling Florida one home at a time
Bill, Are you testing me? :) I too just cannot do the buyer thing. Never have never will. I don't have enough patience. I like negotiating NOT looking at properties.
Jul 24, 2007 10:32 AM
Steve Mun
Keller Williams Silicon Valley - Santa Clara, CA
Silicon Valley Realtor
Wow!  That was great!  Tell it like it is.  I too find it tough to follow when no one else is doing it.  But it has to be a change in the way we do business.  It is a reflection of our how we value ourselves, I believe.  And you are right, with the Redfins and others out there, we no longer have a choice except to use them if we work with buyers. 
Jul 24, 2007 11:55 AM
Lisa Hill
Florida Property Experts - Daytona Beach, FL
Daytona Beach Real Estate

I'm slightly conflicted on this one. Granted, most of my business comes from listings. And my buyers are usually personal friends or referrals. I have gotten burned in the past by buyers I would consider "jerks" not just because they went elsewhere, but because they really were jerks.

My conflict arises when I think of the buyers that worked with me a few years ago BECAUSE other agents (husband and wife team) had refused to work with them without a buyer's agreement, PLUS a transaction fee, and the buyer was not comfortable enough with the agents to want to get locked in with them. They wanted to know those agents were going to actually do everything in their power to find the buyer a house. And the buyer wasn't convinced.

I think I'll stick with just listing, or working primarily with buyers who are personal friends or referrals. The leads I get from the internet will have no problem signing a buyer's agreement, since I've already proven my value to them anyway. But as far as asking every buyer I meet, to sign a buyer's agreement before I help them, I already know that's not going to fly in this area.

Lisa Hill

Jul 24, 2007 12:04 PM
Bryant Tutas
Tutas Towne Realty, Inc and Garden Views Realty, LLC - Winter Garden, FL
Selling Florida one home at a time

Lisa, I think everyone has to make that decision for themselves. The point of this post was to let REALTORS(R) know, who call buyers names for not being loyal, that there is a solution. Really the fact of the matter is, there will be buyers who are not willing to sign a BBA just as they are buyers who will not be loyal. But wouldn't it be better for someone that wants to work with buyers to at least try? If the buyer won't sign then the REALTOR(R) could make a judgement call OR better yet, work on improving their sales technique. Getting a BBA signed is an acquired sales skill. And just like any other skill can be learned and improved. Build trust, show value and close the deal. After all we are salesmen. The posts I linked to show how to achieve this. It's all about timing. BTW, I hope you are doing well.

Steve, I too believe that REALTORS(R) who don't take the time to learn this skill are going to be in trouble in the near future. Times they be a changin'. Now is the time to learn.

Melissa, Thanks for stopping by. I'm glad I made you think, that was the purpose of this post. Check out the additional info I linked to in the post as well. It pretty much will give you a step by step on how to get a BBA signed and when to get one signed.  

I want to add that your Broker or office may not teach this because it is NOT their gas and time that is being wasted. They do not want you to "scare" Buyers away. BUT you are an independent contractor. It is your business. Treat it like one.  

 

Jul 24, 2007 12:36 PM
Ray Perry
CENTURY 21 The Neil Company Real Estate - Roseburg, OR
Realtor, CRS, GRI, e-PRO

Bryant:

Well said.  We need to treat this business as a business and provide service.  If we don't put the consumer first and sell them on our service we don't deserve their loyalty.  Thanks again.

Jul 24, 2007 04:29 PM
Neal Bloom
Brokered by eXp Realty LLC - Weston, FL
Realtor CRS-Weston FL Real Estate
My partner handles 95% of our buyers...the only ones I deal with are the ones I have already done business with in the past...only a small selected group. and it is because they know me and I know what they want and I know there demeanors and we work in tandem...other than that...I list properties and negotiate the deal.
Jul 25, 2007 01:19 PM
Maggie Dokic /Indialantic | 321-252-8696
Magdalena Dokic - Indialantic, FL
Selling the beach in Florida's space coast
Blog Boy Broker Bryant, thanks for the link love and the lessons.  Yes, ulitmately, the responsibility falls on us.  What a muse I've been lately!
Jul 26, 2007 12:10 AM
Bryant Tutas
Tutas Towne Realty, Inc and Garden Views Realty, LLC - Winter Garden, FL
Selling Florida one home at a time

Maggie, You've been real busy at work haven't you? That's a real good thing. Just don't go over to the dark side:)

Neal, You're like me....no patience for buyers.

Cheryl, Selling ourselves is what we should be doing. The house will sell itself.

Good comment Ray. You get it.

Jul 26, 2007 12:17 AM
Susan Milner
Florida Future Realty, Inc. - Cape Coral, FL
Cape Coral Real Estate Broker, FloridaFutureAgents
Excellent post, as usual BB. I forwarded it to my 2 buyers agents. Hope you don't mind :)
Jul 27, 2007 04:41 AM
Rich Schiffer
Swarthmore, PA
Referral Agent, e-PRO

I agree with you whole heartedly -- before going out to show properties to a client, I make sure they are my client.  The only way to do that is with the proper agency contract in place.  The only way they will ever hire me is if i have demonstrated my worth to them.  You hit the proverbial nail on the head when you pointed out the parallel with the sellers agent side.  You wouldn't (ethicly shouldn't and legally couldn't) put your "for sale" sign in a seller's yard with out their signature on a listing contract.  Why would you go to work for a buyer without a similar protection in place.

Not only does it make sense for you, but it makes sense for the consumer, too.  Without a formalized business relationship, you are not bound to them.  There is no confidentiality requirement, and you have no fiduciary duties to them like you would to your client.  Anything they reveal to you could be revealed to a seller, without breaching any contract, because they signed no contract with you.  Pennsylvania laws make this perfectly clear, and we must inform all consumers of this before having any substantive discussion about real estate with them.

Kudos to you, Bryant for sharing your wisdom with us and giving us a level of accomplishment to aspire to.

Jul 27, 2007 01:06 PM
Lisa Hill
Florida Property Experts - Daytona Beach, FL
Daytona Beach Real Estate
BB- I just checked back to see your response. You're right about it being an acquired skill. Perhaps one I should put a little more effort into. I just need to work past my own mental conflicts before I try, or I'll definitely miss the mark on that one! And yes, I'm doing well. Thanks =)  
Jul 28, 2007 07:07 AM
Bryant Tutas
Tutas Towne Realty, Inc and Garden Views Realty, LLC - Winter Garden, FL
Selling Florida one home at a time

Lisa, If it helps, I too would much rather just work with Sellers. Hire a buyer's agent and let them do the dirty work:) Works for me. BTW she doesn't use a BBA either no matter how many times I have suggested it.

Rich, Good to see you my friend. In Florida we can have them sign a BBA even though we are still Transaction Brokers. We don't have to create an agency relationship all though we can. But its' still as yo mentioned "A formalized business relationship" and it makes complete sense for the consumer and the agent.

Susan, You can use my stuff no problem. I hope it helps your agents "get it".

Jul 28, 2007 07:25 AM
Angie Vandenbergh
Crye-Leike, Realtors - Memphis, TN
A Crye-Leike Blogger
Hi - Not sure if you saw this, but I wanted to share here just in case you missed it. This post was featured in the Active Rain Week in Review for July 23rd - July 29th. Congratulations on writing a great post!
Jul 30, 2007 12:15 AM
Bryant Tutas
Tutas Towne Realty, Inc and Garden Views Realty, LLC - Winter Garden, FL
Selling Florida one home at a time
Well thanks Angie. I'll be over to check it out.
Jul 30, 2007 12:55 AM
Anonymous
Paula Bean

Interesting thread on buyers.  I have been in this business for about 30 years, work mostly with sellers, and have resisted buyers who won't sign a BA agreement.  I only work with clients under a written agreement. 

I'm curious as to those agents who are familiar with real esate consulting?  I've done this for about 15 years and buyers, sellers and Investors love it. 

 I love it because I get paid up front, regardless of whether the property sells or not, or whether the buyer buys or not.  

For more information on this concept that can give you an out of the box usp visit http://www.ACREcourse.com

Consumers today want choices and options, real estate their way, and as long as you deal with them on their level, you will get a written agreement, upfront retainer fees, etc.  You just have to prove your worth, can you do that?  If not, you need to learn how to differentiate yourself.   It's not hard at all, you just need to think like a buyer or seller and feel what they feel, and deal with them on their level. 

All else will then fall in to place!  Stop going against the tide guys - give 'em what they want (or what they think they want, then move on)

 

Paula Bean, Orlando, FL 

 

 

Aug 07, 2007 10:06 AM
#60
Bill Gassett
RE/MAX Executive Realty - Hopkinton, MA
Metrowest Massachusetts Real Estate
Bryant - You make some really great points. Reading everyones comments just reinforces for me why I don't work with too many buyers. Listing is the name of the game...Amen!
Aug 08, 2007 09:27 AM
Bryant Tutas
Tutas Towne Realty, Inc and Garden Views Realty, LLC - Winter Garden, FL
Selling Florida one home at a time

Bill I'm with you. Listings all the way.

Paula, Are you still trying to sell me your services?

Aug 08, 2007 10:39 AM
Anonymous
Anne Roberts

Lately, many of us agents (Realtors(R)) have noticed the "fly by night" buyers who are not loyal and will go through several agents before they make an offer. Yesterday, I had met with a couple who wanted to invest in an REO property with $80K cash or less. They had refused to sign the BBA and gave me the myriad of excuses.

"Our friend is an agent in Mass. and she said to NEVER sign these." AND "We have never been asked by any previous agent to sign this." AND "But we invest in properties allover the State." Blah, blah, and blah.

I did not buckle to their excuses and I stood my ground with them saying, "I will not work without this signed," and so they left. You see, I have spent nearly $200 in the past ten days on gasoline, driving buyers allover town in search of properties. I have no offers to show for my valuable time wasted, and no one to blame but myself for NOT using the BBA with buyers. Even though I may have lost potential clients, I felt so proud of myself and exhilerated!!! Even the other agent in the front office who overheard what had transpired, he had told me that he felt the couple likely was working with other Realtor(R)s.

AMEN!

Anne Roberts
Realtor(R) and ABR(R)
www.shearrealtyanniem.com

Aug 30, 2009 10:34 AM
#63