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Return Of Three Minute Real Estate: Communicate

By William J. Archambault, Jr.

Services for Real Estate Pros with The Real Estate Investment Institute 1retiredsage

November 14, 2011 11:46 AM

Return Of Three Minute Real Estate: Communicate.　

Return Of Three Minute Real Estate, short videos presented here, To promote a common understanding.

The idea is to promote real estate education one word at a time.

Real estate has it’s own jargon, it’s own colloquialisms, both industrially, locally, with-in the office and unique to the individual agents. Hopefully together we can promote a common understanding, one word at a time.

Today’s word: Communicate

Relevant post:

Words have meanings!

Being Positive Is Not Enough It Takes Competency

Are Old Words Old Fashion?

The series:

Return Of Three Minute Real Estate: Agency Contract/Agreement

Return Of Three Minute Real Estate: Fiduciary

Return Of Three Minute Real Estate: Agency

Return Of Three Minute Real Estate Leverage.

Return Of Three Minute Real Estate Appraisal

Return Of Three Minute Real Estate Value

Return Of Three Minute Real Estate Liquidity

Return Of Three Minute Real Estate Equity

Return Of Three Minute Real Estate APR

Return Of Three Minute Real Estate Amortization

Re-Blog

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Jon Zolsky, Daytona Beach, FL

Daytona Condo Realty, 386-405-4408 - Daytona Beach, FL

Buy Daytona condos for heavenly good prices

Bill - I am surprised how some people miss the very basic communication skills. I am sending a request for Earnest Money Deposit. I attach the sopy of the cashed check, as we have a history of miscommunication here. Well, i receive the e-mail that the deposit has been sent.

And I do not know whether they say that they got my correspodnece and sent the check to the Buyer, or they insist that they have sent it to the Buyer 6 months ago.

Have to contact them to clarify.

Nov 14, 2011 12:14 PM

William J. Archambault, Jr.

The Real Estate Investment Institute - Houston, TX

Jon,

Some times the less you say the more you communicate. Then there are those you have to explain every word to Two or three times and they still don't get it.

What can I say? Their messia ask a court to explain the meaning of "is!"

Bill

Nov 14, 2011 01:26 PM

George Souto

George Souto NMLS #65149 FHA, CHFA, VA Mortgages - Middletown, CT

Your Connecticut Mortgage Expert

Bill, one of the things that I see all the time is those in this business taking for granted that others, know terms that are commonly used in the industry. For example in Lending we use terms like PMI, ARM, GFE, TIL, points and some how expect everyone to know what they are.

A prerequisite to getting into this business should be a communications 101 course.

Nov 14, 2011 02:07 PM

George

We, you and I wrote about this in August this year and I re posted an article of mine from '07!.

Be Careful When Speaking Lender / Real Estate

Nov 14, 2011 02:49 PM

Melissa Zavala

Broadpoint Properties - Escondido, CA

Broker, Escondido Real Estate, San Diego County

Communicating clear and efficiently with all parties is great.... but (as you allude to), will they listen or hear what you said?

Nov 15, 2011 03:05 AM

Melissa,

You are oh so right!

People remember what they hear the most.

People remember what they hear last.

But, the biggest problem we have communicating is that.

People hear what they want to hear.

PS, Thank you. What I love about blogging is that the bloggs get better as sincere people participate. You just improved my post.

Nov 15, 2011 04:01 AM

Todd Clark - Retired

eXp Realty LLC - Tigard, OR

Principle Broker Oregon

I just got done with a nightmare transaction where the lender was horrible at communication. The sellers and I were already working on getting the buyer a backup lender because we had no idea if the loan was even being worked.

Nov 15, 2011 07:51 AM

Todd,

It's different with lenders. I'm concerned here with people who are talking, but not communicating.

With lenders it's more often a failure to talk to the people involved.

Talking with out communicating is curable ignorance!

LO's who fail to keep you informed are more often incurably, arrogantly stupid!

Real estate brokers worry about their agents saying more than they can deliver.

Mortgage brokers worry about being able to deliver and their LO"s and their agents alienating people by not keeping the clients and agents informed.

Both worry that what the clients hear is what was said.

Nov 16, 2011 03:46 AM

Return Of Three Minute Real Estate: Communicate

Return Of Three Minute Real Estate Liquidity

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