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THIS IS HOW WE MAKE OUR LIVING! - Employment Contracts - What to do?

By
Real Estate Agent with Coldwell Banker Realty NRDS # 146013739

Recently, I was in line at our local Starbucks and a lady came up behind me. The lady had changed her hair color and I did not recognize her immediately.  She looked at me and said, "You look familiar. Do I know you?"  Before I could respond, she said with surprise, "I know who you are! You are Sheri Sperry. You know, we bought a home and live here now. You really gave us some great advice."  

At that point, I realized who it was! This was a lady along with her husband who I worked with months earlier. I spent much of my time scouring the MLS to find this couple the right house. I took them out to look for homes that met their criteria and answered all the questions they had.  Then, a couple of days later, I called to follow up. To make a long story short, I never heard from them again.... until that day in line!!!! They bought a house from some other agent. 

I wanted to scream "THIS IS HOW I MAKE MY LIVING, DON'T YOU GET IT?". I just stood there with a smile on my face and was dumb-founded. What could I say?

We all go through this from time to time with clients we have worked with. My question to you is this.  When do you secure an employment contract from a potential buyer?  Since experiencing some of these various situations and becoming frustrated when these clients disappear without even thanking you for your time, I have made the decision to spend no more than a couple of hours with a client before asking for that all important employment contract. I will show a client two or three homes and sit them down and bring out the contract. 

I would like to know what works for you?  After all, isn't this how we make our living!!!

...and for potential buyers - PLEASE remember, this IS how we make our living.

 

Edward & Celia Maddox
The Celtic Connection Realty - Queen Creek, AZ
EXPERIENCE & INTEGRITY - WE TAKE THE HIGH ROAD

That wants to make you scream.  They will get their do in the end and you Justice.

Feb 07, 2013 01:13 AM
Sheri Sperry - MCNE®

Hi Edward & Celia Maddox - I came from a family of sales-people so I understand what commission is all about. I think some people  don't know anything about how sales people make their living. But it is very frustrating!

Apr 10, 2017 06:29 AM
Wika Hutchinson
Eugene, OR
Broker, CRIS, SFR, CDPE
Sheri, I had similar experience. The buyer did not want to sign the buyer broker agreement (but assured me I was their only realtor). After viewing multiple homes, the buyer decided to purchase a house on their own that was not listed on the market. The Buyer's friend apologized to me for what this buyer did.
Feb 07, 2013 01:58 AM
Sheri Sperry - MCNE®

As you know Wika Hutchinson - that apology and a 5 spot will get you a coffee at Starbucks! I get it. But some buyers don't. They don't realize that they don't pay for their representation. One mistake on their part can cost them thousands more than any commission!

Apr 10, 2017 06:33 AM
Sheri Sperry - MCNE®
Coldwell Banker Realty - Sedona, AZ
(928) 274-7355 ~ YOUR Solutions REALTOR®

Thank you for taking time to comment!

Edward & Celia - I agree.  I do believe in Karma and I don't know why my client did not return my calls. It is not in my nature to be negative to that couple. 

Wika - All we can do is move forward, stay positive and hope that translate into more customers who will purchase from us.  I live is a small town and your reputation gets around.  We have nothing to gain by taking our wrath out on a former client who did not purchase or list with us. It is part of the business. 

I have learned one valuable lesson. Get everything in writing.  There is no loyalty in this business. My goal is to treat my customers like my family who I love and provide them with the very best service I can offer. If that does not work, there is nothing else I can do!

Feb 12, 2013 02:32 AM
Nathan Gesner
American West Realty and Management - Cody, WY
Broker / Property Manager

Here we are, four years later and it's still true. Great story, Sheri!

Apr 09, 2017 06:59 AM
Sheri Sperry - MCNE®

Thank you Nathan for the re-blog!  I really appreicate the boost!

Apr 10, 2017 06:34 AM
Sheila Anderson
Referral Group Incorporated - East Brunswick, NJ
The Real Estate Whisperer Who Listens 732-715-1133

Hi Sheri. I read Nathan's re-blog and certainly understood this. I had that happen too. I never used a contract but in retrospect maybe should have.

Apr 09, 2017 07:32 AM
Sheri Sperry - MCNE®

Hi Sheila Anderson - I have had very few clients who have not wanted to sign a buyer broker. Usually, once they trust you there is no problem.  It also helps us to explain how we make our living.  

Apr 10, 2017 06:37 AM
Michael Jacobs
Pasadena, CA
Pasadena And Southern California 818.516.4393

Hi Sheri --- thankfully Nathan Gesner reblogged this excellent post.  As far as  your message, all I can add is "been there, heard that".   I move on...although I admit it can hurt.   

Apr 10, 2017 05:47 AM
Sheri Sperry - MCNE®

Hi Michael Jacobs - That is all anyone can do. You are so right. No matter hwo we shrug it off, there are those hurt feelings to deal with. 

Apr 10, 2017 06:41 AM
Paul S. Henderson, REALTOR®, CRS
Fathom Realty Washington LLC - Tacoma, WA
South Puget Sound Washington Agent/Broker!

After I interview the prospect and before I meet them at the first showing I have them sign, what we call, a Buyer Broker Agreement. I have had that aha moment several times and I don't relish the feeling Sheri Sperry - MCNE® 

Feb 28, 2021 05:30 PM