WHOA...all of us have had it done to us and we have done it to others. There is this moment in time during a transaction where you do or do not put something in writing. It could be a sentence, a statement or a simple box that you check. Errors happen all the time. But trying to modify a written agreement verbally is not honored in most court proceedings

KEEP IT CLEAR

In the world of Real Estate, agents are to get everything in writing. WHY? What we have found when reviewing court cases, ethics hearings, arbitration's and mediation that failure to have a clear and precise written agreement wont hold up well when challenged. So, they made it an ethics violation in the agents world

I LOVE YOU...YOU LOVE ME

I have done much business on handshakes. I still do and I prefer that over all things. But you see I know my own heart, motives and happen to be a person whose word is not given freely unless I plan to complete it. However, we don't have time to get to know me or you or some third party, so it is prudent and expeditious to put it in writing

IF THINGS GO WRONG

If everything goes according to plan, that's great. Mission accomplished. But if there is a hiccup before, during or even after a transaction, the first thing consulted is the written contracts. From there, we start to sort out what happened and possibly why. If your paperwork is in order, then it stands. If not, it works against you right off

AGENTS...THE BUCK STOPS...YOU GUESSED IT...WITH YOU

Every time an agent fails to adhere to carefully pre-lay-ed out and agreed to codes of conduct, it is the agent where the buck will stop. The issue wont really matter as much as the fact that the agent didn't follow the code of Ethics. They are not negotiable.

EMOTIONS MAKE THE DEAL, MAKE PROBLEMS AND CAN KILL US ALL

People are very quick to become emotional when transacting in Real Estate. First, the buyer and the seller in the beginning are full of emotional expectations. Time and expert counseling and guidance mitigates this to a doable transactional state. During a deal, emotions may rear their heads and try to take over by derailing and cooler heads must prevail. After the deal, emotions can kick in regret, perceived damages and if not reigned in result in litigation

ESCROW OFFICERS GET IT IN WRITING

Escrows are very good at taking the written contract and or addendum's and reducing them to escrow instructions. When an escrow officer comes across something that doesn't make sense or is ambiguous, they pause and ask for clarity.

FOR EVERYONE'S SAKE PLEASE

I know we all agreed. I know we all mean well. I know we all want the best outcome. Get it in writing for everyone's sake as well as preserving the integrity of licensed Real Estate agent.

 

 

Richie Alan Naggar          Ran Right Realty       Riverside, Ca

Real Estate Broker and AUTHOR of the popular "PEARLS SERIES" of books on LIFE and LOVE

Richie@RanRightRealty.com         Richie@Pearlsforthesoul.com

PEOPLE FIRST...THEN BUSINESS

 
This post has been included in California Real Estate News

58 Comments on DIDN'T PUT IT IN WRITING MMMM

20 Most Recent Comments Displayed Show All

JUN
16
840,383 Points 69 Featured Posts Outside Blog Called Shot Master

 

Hi there Marie...human nature has to be reigned in on certain subjects. This one deserves a type of respect because of the magnitude of the purchase....Everyone can be near saints...however....put that in writing...thank u M

Margaret speaks from experience and I join her too...We get lost in that moment...and it skips on by. If we are lucky, we will never see it again. If not lucky, that verbal chicken comes home to roost..not good...best M

Cynthia...I have seen people tell the truth in court as well as lie. What people don't know know is that for the guy who is telling the truth and swore on that  handshake, it is not proof enough which the court requires...OUCH
7:00am • #39
840,383 Points 69 Featured Posts Outside Blog Called Shot Master

Hello Jeff...your experiences in human resourcing and professional standards says tons....Your credentials on the subject matter are to be respected. Ladies and gentleman, Jeff says there is value in learning this dynamic NO HERESAY for anyone who hears Jeff now

 

Rob speaks like a veteran in the business would...His experience...? Write it down...Rob will not be ROBbed  Thank you R

 

Herr Riemenschneider says...it with a memorable example. A good fence makes everyone happy...Having it in writing equals no unnecessary complexities later on...agreed and thank you Gene
7:09am • #40
229,457 Points 7 Featured Posts Outside Blog Attended Rain Camp Called Shot Master

As my instructor repeated a million times when I was in real estate school..."if it's not in writing in doesn't exist".
7:14am • #41
840,383 Points 69 Featured Posts Outside Blog Called Shot Master

 

Barbara gives us a potent point...some time goes on and everyone remembers it differently...Fine if we are all on the same page...if not..WHOA. Good one Barbara at RE/MAX Advantage....

Elizabeth outs us all with Real Estate human nature...This woman has escrow blood flowing in her veins...A most excellent example given for the post subject...Co-hosting rights granted..thank you E who rules over Sacramento CA

Little Dawn...at Dominion Group Properties has chosen a side.... Anyone who even thinks of letting a verbal slide by has to spend 30 seconds with this woman. Out comes a written agreement...A writing warrior this Dawn
7:17am • #42
840,383 Points 69 Featured Posts Outside Blog Called Shot Master

 

Terry...had an instructor who thought it worthy to beat her up with a verbal stick until she appreciated the message of" if it is not in writing, it doesn't exist"....Put the stick away...I am on board here....thank you Terry who patrols Fort Meyers and Cape Coral Florida overseeing all Real Estate matters there
7:20am • #43
255,758 Points 9 Featured Posts Outside Blog Called Shot Master

Richie- Well written post, congrats on your feature. I agree everything needs to be in writing. It protects everyone and quite frankly gives me peace of mind too!
7:54am • #44
702,682 Points 39 Featured Posts Outside Blog Called Shot Master

It's business common sense. Good post.
8:24am • #45
196,487 Points Outside Blog

To avoid challenges, get significant issues and concerns in writing and whenever necessary get signatures, dates and initials to addendum's. Keep records and avoid challenges.
8:36am • #46
840,383 Points 69 Featured Posts Outside Blog Called Shot Master

 

Amanda...has learned that piece of mind comes from doing what you know to be right in your heart. She rests on writing

Lyn...the poster child for common sense..When someone calls up Schaumburg Real Estate and proposes a scenario, Lyn simply answers with...."It business common sense"...We can be assured clear written contracts are in force with her

 

Kimo....(not the therapy)...Yes to your commenting...This is how business is conducted at Wiki Wiki Realty....

 
11:30am • #47
423,521 Points 16 Featured Posts Called Shot Master

Thanks Richie, Great advice, sometimes it is easy to forget to document every change, sometimes people forget and sometimes they are not as honest as we expect them to be.
3:46pm • #48
306,123 Points 6 Featured Posts

I had a client that wanted me to uput in an offer over text.  Really?!  I told him to send me an email where I know I will be covered.  What are people thinking?
3:53pm • #49
840,383 Points 69 Featured Posts Outside Blog Called Shot Master

Bob...very well rounded comment..potent ...thank you bob

 

Jennifer...overseer of all Manhattan apts & townhomes...That's a good one...Just imagine if you both agreed to this...Its starts to set-up to go downhill from after that..why?
6:20pm • #50
JUN
17
587,628 Points 106 Featured Posts Outside Blog Called Shot Master

Even if people had perfect memories and honest intentions... many hear what they want to hear rather than what was said.

I like the idea of following a conversation with an email to clarify.

4:29pm • #51
840,383 Points 69 Featured Posts Outside Blog Called Shot Master

Marte...What an accurate statement. I am reminded of the truth and perception. Fine line these two when side by side...good one Marte and thank you
5:14pm • #52
2 Featured Posts Outside Blog

Voice mails are great, too. Some of my clients complain about having to leave a voice mail every time but I tell you what, it has saved a lot problems. I have Accessline but I am looking into YouMail as an additional service. This system converts voice mails into emails. It saves time in hearing your voice mail and trying to figure out what is the phone number they left you. Ever try to figure out the number they leave you? I had a complaint from a broker to the State about my service and after I download the voicemails this guy left me and typed out the messages he left and insert in the notes of my calls to him, it was 4 pages single spaced except to break up his messages and my messages. I sent these notes to the State along with a CD of his harrasing voice mails to me, the State decided who was the one that was giving bad service and it wasn't me.
9:33pm • #53
JUN
18
840,383 Points 69 Featured Posts Outside Blog Called Shot Master

Hi there Cyndi...your comment is an example of you using a tool to accomplish a purpose..thank you for sharing your resources
6:26am • #54
499,366 Points 13 Featured Posts Outside Blog Called Shot Master

Hi Richie, reminds me of an agent complaining to my broker about the way I negotiated.  He did everything verbally, I did it in wiriting.  End of discussion.
10:47am • #55
840,383 Points 69 Featured Posts Outside Blog Called Shot Master

Hello Bob...interesting meeting or lack of meeting of the minds....In the end, you complied with the code of ethics...This is our default position and we must go there...sooner the better too...thank you for commenting..a good one Bob
11:12am • #56
NOV
06
237,916 Points 5 Featured Posts Called Shot Master

There is a lot of paperwork in this business. Just missing a check box can cause you problems.
9:39am • #57
840,383 Points 69 Featured Posts Outside Blog Called Shot Master

Tigard...Yes to your comment. I remember how over whelmed I was just trying to figure it all out let alone practice it correctly...Time and experience solves that issue....thank Tigard for your quality comment
10:12am • #58

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