A letter to my family and friends about real estate referrals

 

 

 

 

 

Last night I was at a cocktail party when a church friend sat down next to me and said;

"
Marian, we just listed our house with another agent and I wanted to tell you why.  We think you're great and we know you're a good REALTOR but our house is in (fill in the blank) and we felt we needed an agent in that community."

YEAH!  First, I applaud my friend for having the courage and the caring to let me know and second it was so good to have the opportunity to explain things to her.

"Mary, thanks so much for telling me but you need not worry.  You did the right thing.  I don't take listings outside my area of expertise, although I realize many agents do.  I would have recommended you use a REALTOR in that area.  By the way, who did you choose?" She answered with the name of a great REALTOR.


"Great, you made a good choice.  Had you talked to me first I would have recommended her and I would have asked you if I could make a referral.  Then I would have introduced you and I would have received a referral fee."

"Oh, no,  I wish I had known that."


Of course I assured Mary that it's OK, but I realized that many of my friends and family may not know how referrals work.  When my nephew in another state was ready to sell his first home he called me.  I explained that I wasn't licensed in his state and that even if I was I didn't know that market and he needed an expert.  He had acreage, a lake and a barn along with a beautiful home in a very rural area.  He needed an agent who knew where to market that very specific type of property.  I searched around (IN THE RAIN, OF COURSE) and found an agent near him who knew about his type of market.  She was experienced, educated and sharp. (I knew that from her blogs.)

So... she received a call from me, a telephone interview and then a referral.  She sold my nephew's home in very good time and cheerfully paid me a referral fee.  My nephew received a very generous moving gift from his favorite aunt and guess who got the referral to be his buyer's agent in the same area for his next more urban home?

So...

Dear Family and Friends,

Wherever you are, when you decide to buy or sell real estate, please call me first.  I'm ethical so I won't try to sell your property on the other end of the state.  Even if it's in my county, as Mary's is, I will tell you if it's outside my area of expertise. 

I will research, interview and find you a REALTOR who is best suited to assist you and they will pay me, your family member or friend, a referral fee.  I have relationships with agents all over the country and even in Canada. 

If you're thinking of buying, I'll find you an agent who knows the area you're interested in and who has a proven track record.

So thank you for thinking of me whenever you are considering a real estate transaction.  This is my profession and you are my family or friend and I want to help.

Sincerely and Respectfully,

Marian

 

Marian Goetzinger
Pine Knoll Shores Realty
Mobile: 252-422-9000
Office: 252-727-5000

Email: marian@pineknollshoresrealty.com
Website: www.pineknollshorerealty.com

 
Post is included in group: Diary of a Realtor
Post is included in group: ETHICS and the REALTOR
Post is included in group: POSITIVE ATTITUDE for the Weary Soul
Post is included in group: REALTOR LIFE
Post is included in group: Take It Off In The Rain

128 Comments on A letter to my family and friends about real estate referrals

20 Most Recent Comments Displayed Show All

OCT
09
2010
177,197 Points 1 Featured Post Localism Sponsor Outside Blog Attended Rain Camp Called Shot Master

Worthy of a re-blog, and a reminder letter to our databases. Excellent post... and I loved the classy way you handled the conversation :)

10:10pm • #110
812,953 Points 243 Featured Posts Localism Sponsor Attended Rain Camp Called Shot Master

Ditto. 

It would help people to understand that we'd only refer to someone who can get the job done well, for obvious reasons. 

10:22pm • #111
Attended Rain Camp

To add to Stan Albert's comment (106), my all time favorite:  A call from someone who talked to me about helping her buy a home and didn't hear from her for 10 months after that until one day the phone rang and she said, "I bought a home through someone else.  Now I want to refinance.  Can I tell you the loan program so you can tell me if the loan is a good one."

 

 

 

10:30pm • #112
OCT
10
2010
194,440 Points 2 Featured Posts

It is amazing to me that, as professionals, most of us don't know or understand the value we give to the clients we serve!  We are the ones that fail to express to friends, family and even acquaintances that our espertise is most valuable to them.  It is imperative that we let them know that, yes we make a living by our represtatation, it is them that benefit most financial by allowing us to do what we do best.  That is listing, selling and finding a Realtor in another community that works professionally in the manner we do!  We can't get upset with others for our failure to let them know what we do and how we work!

This post just put me over 60,000 points on Activerain, thank you!

12:23am • #113
159,807 Points 1 Featured Post Attended Rain Camp

Marian,

Don't we give good service by finding a good agent outside of our area of specialization?  We in the business deserve a referral fee when referring to another agent, don't we?  As a client moving to that area I would be glad to receive a referral from a trustworthy source.  As the agent recipient of that good referral I would be more than glad to pay a referral fee for a client that I received by simply being knowledgeable of the area where I work.

12:46am • #114
269,928 Points 1 Featured Post Outside Blog Attended Rain Camp Called Shot Master

You certainly handled the situation professionally. You are the kind of Realtor I love doing business with!!

1:24am • #115
142,201 Points 1 Featured Post Attended Rain Camp

I wish I'd understood this process a few months back before listing my father-in-law's condo in FL

8:06am • #116
140,313 Points Attended Rain Camp

Dear Marian,

Good idea. That reminds me: Anyone know any good real estate professionals in Southern France? Check referrals posted for more info.

10:31am • #117
109,472 Points 3 Featured Posts Outside Blog

Great Post. I really like how you stated what we really need and want to say.

Thank you very much.

Randy Jenkins

11:22am • #118

You nailed this. Could not have been said better than the way you did.

11:09pm • #119
OCT
11
2010
333,351 Points 4 Featured Posts

Marian, well written and explains how referrals work. I have re-blogged and thankyou.

Ty

6:11am • #120
239,220 Points Localism Sponsor Attended Rain Camp

Very well written Marian!

We need to educate our prospective clients as well. Alot of them don't understand how a referral works.

6:36am • #121
239,220 Points Localism Sponsor Attended Rain Camp

Very well written Marian!

We need to educate our prospective clients as well. Alot of them don't understand how a referral works.

6:36am • #122
217,218 Points 10 Featured Posts Outside Blog Attended Rain Camp Called Shot Master

Hope you're not tired of hearing this yet, Marian, but Great Post! :) I also like the comment you made about what you would say if the agent they chose wasn't great. Very nicely said. Hope this kicks your referrals into high gear!

11:40am • #123
OCT
13
2010
Outside Blog

Well done and quite classy. 

I found that my niece was moving, got aggressive and emailed her. I explained that I would help find and screen and agent for her.  I was able to find an excellent agent.  I also disclosed that I would be receiving a referral fee.  It was a win-win situation as she had 2 bum real estate agents before.

3:47pm • #124
OCT
14
2010

Thank you for bringing up a source of revenue we often overlook, and for the composed letter.

Olivia Gray
12:22pm • #125
OCT
16
2010

Agents hear so much in the media about  what is going on in  other markets.  Referrals are a great way for an agent to stay in touch with a live person who can give first hand information about diverse markets.  Also, it is a great way to pick up real estate tips being used by other agents and to form anetwork.

Ann Knowles

7:22pm • #126

Agents hear so much in the media about  what is going on in  other markets.  Referrals are a great way for an agent to stay in touch with a live person who can give first hand information about diverse markets.  Also, it is a great way to pick up real estate tips being used by other agents and to form anetwork.

Ann Knowles

7:22pm • #127
NOV
24
2010
123,931 Points Outside Blog Called Shot Master

Thanks for sharing your letter. It is a great way of gathering more business. Most people don't understand the referral process and this is a great way to start that conversation with friends and family.

3:07pm • #128
JUL
19
2011

May I ask who writes up the referral agreement so that the person gets paid for referring the property?

Thanks,

Barbara

Barbara
3:34pm • #129

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