Reblogging! - It Was My Choice To Take It In The First Place..Right??? Yep Yep Yep
Do you remember Art Linkletter's "Kids say the Darndest Things"? There sure could be a show called "REALTORS say the Darndest Things"! Both Patricia Kennedy and Martha Brown have written excellent posts about this very subject.
Except for embezzling the trust account, there is nothing worse than an agent ignoring their fiduciary duties to their clients. Can you even imagine them in a Dual Agent role if they haven't grasped the simplest concept of Seller or Buyer Agent?
There have been many occasions when we've been employed as Buyer Agents that finding out the Seller's motivation and bottom line was as simple as asking the Listing Agent. Shocking behavior and its very sad that the sellers rarely find out about the harm that's been done to them.
This is just one reason why our firm will not compensate Seller subagents. They are loose cannons and our sellers can't afford that kind of representation.
Thank you to Martha and Patricia for the opportunity to re-post this conversation.
This post was inspired from a blog Patricia Kennedy wrote this evening about an agent who accepted an overpriced listing and then when he held an open house the sellers had some friends go through (unbeknown to the agent). And when they asked about the price his answer was that it was going to have to be much lower in price before it would sell. Ouch!!
This reminded me of some other incidents of recent.
A sales meeting I attended recently where an agent who had one of his listing on tour said 'I would appreciate everyone leaving a comment on the feedback sheet that this house needs to be priced lower. It is overpriced and I need all the help I can get to get it lowered. Do what??
And then there was the agent who when I toured her listing said its a divorce case and Mr Seller wanted it priced here but we know it is too high. Oh no!
Now I have taken an overpriced listing now and again. I even wrote a post about one and how I sold a Million Dollars from it. The thing is even though I knew it was overpriced I still marketed and presented it as I did any other listing. To me that is my fiduciary duty to the Seller. I accepted that over priced listing. No one twisted my arm, threatened to take my first born, or put a gun to my back. I knew from the get go where the seller stood and what my choices were. And if accepting that listing was my choice then I saw it as my duty to present it just like I would any other listing that I have. In other words...It's Showtime!!
I know the banter continues and always will on this subject and I have heard, understood, agreed, or disagreed, with many thought process. But bottom line to me is I accepted that overpriced listing and that means marketing as usual, fiduciary duty as usual and professionalism as usual.
After all it was my choice to take it in the first place. Right???
Yep, Yep, Yep.
Martha Brown is a Certified Residential Specialist (CRS) associated with Long & Foster Real Estate and whose passion is real estate in and around the Annapolis and Historic Upper Marlboro area.
Bringing 'Peace of Mind' to Your Real Estate Needs Since 1992.
To speak with Martha call 410-440-7839 (cell) 800-735-5122 (ofc) martha@homesaroundannapolis.com (email)
All photographs and/or written material and content produced by Martha Brown. All Rights Reserved and may not be reproduced or reprinted without express written permission of Martha Brown of Annapolis and Crofton Md Long & Foster.
This post was inspired from a blog Patricia Kennedy wrote this evening about an agent who accepted an overpriced listing and then when he held an open house the sellers had some friends go through (unbeknown to the agent). And when they asked about the price his answer was that it was going to have to be much lower in price before it would sell. Ouch!!
This reminded me of some other incidents of recent.
A sales meeting I attended recently where an agent who had one of his listing on tour said 'I would appreciate everyone leaving a comment on the feedback sheet that this house needs to be priced lower. It is overpriced and I need all the help I can get to get it lowered. Do what??
And then there was the agent who when I toured her listing said its a divorce case and Mr Seller wanted it priced here but we know it is too high. Oh no!
Now I have taken an overpriced listing now and again. I even wrote a post about one and how I sold a Million Dollars from it. The thing is even though I knew it was overpriced I still marketed and presented it as I did any other listing. To me that is my fiduciary duty to the Seller. I accepted that over priced listing. No one twisted my arm, threatened to take my first born, or put a gun to my back. I knew from the get go where the seller stood and what my choices were. And if accepting that listing was my choice then I saw it as my duty to present it just like I would any other listing that I have. In other words...It's Showtime!!
I know the banter continues and always will on this subject and I have heard, understood, agreed, or disagreed, with many thought process. But bottom line to me is I accepted that overpriced listing and that means marketing as usual, fiduciary duty as usual and professionalism as usual.
After all it was my choice to take it in the first place. Right???
Yep, Yep, Yep.
Martha Brown is a Certified Residential Specialist (CRS) associated with Long & Foster Real Estate and whose passion is real estate in and around the Annapolis and Historic Upper Marlboro area.
Bringing 'Peace of Mind' to Your Real Estate Needs Since 1992.
To speak with Martha call 410-440-7839 (cell) 800-735-5122 (ofc) martha@homesaroundannapolis.com (email)
All photographs and/or written material and content produced by Martha Brown. All Rights Reserved and may not be reproduced or reprinted without express written permission of Martha Brown of Annapolis and Crofton Md Long & Foster.
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