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Listing Appointment or Listing Presentation: Is there a Difference?

By
Real Estate Broker/Owner with Franklin Homes Realty LLC

Listing appointment or listing presentation: Is there a difference?

Listing Appointment or Listing Presentation: Is there a Difference:I found myself asking this very question after leaving a client's house.

Yes, they are a client. They hired me last year to help them purchase a new construction home in Franklin TN. It took awhile to find them the right home and builder, but I finally got them under contract earlier this year.

The idea was I would list their house as they got closer to their new home being completed. While I have a signed buyer's agreement, I do not have a signed listing agreement.

Fast forward to this weekend. I received a call from this couple. They were approached by an agent who has recently sold the home behind them. This agent basically has been harassing them. They've already told her they were going to list with me and decided to just put pen to paper to get her off their back.

They always have lots of questions and I spent quite a bit of time on the phone with them talking about various strategies we could use to get their home sold quickly for top-dollar. I agreed to meet last night.

As I sat down at the table, I spent some time getting caught up on life in general; what they've been doing, their recent travels and job promotions. Once I had gotten beyond the pleasantries, I moved into the business part of our meeting.

I operate a paperless brokerage and use electronic CMAs. I emailed that to them so they could review recent home sales in their neighborhood while we talked. No formal listing presentation was planned. This was a simple conversation about what's happening in the Franklin housing market, their neighborhood and how I would market their home. 

Although I didn't present a formal listing presentation, my CMA contains much of what would be covered in a presentation; recent accolades, information about my brokerage, a marketing plan and tips on preparing a home for market. All information I expect the sellers to review.

Rather than having sellers sign paper documents, I complete the listing agreement and email it to them right away for electronic signatures. Most sellers are unfamiliar with e-signatures and will sign the documents while I'm there so I can walk them through the process. This particular couple was already familiar because of our existing buyer's contract. I instructed them to sign the documents and I'd begin the process of marketing their home.

What happened next caught me by surprise, "Could we have a couple of days to review the documents?". I suddenly realized this was a listing presentation rather than a listing appointment. I had to ask, "Are you meeting with another agent?" While they responded no, the questions they asked next suggested they were. Of course, I did what any self-respecting agent  would do--I quickly re-visited my marketing plan and how I was going to get their home sold quickly for the most amount of money.

I also reminded them why they contacted me to begin with--my internet dominance.

Listing appointment or listing presentation: Is there a difference?

I started this post thinking there was a difference. In reality, there really isn't a difference for me. My listing presentations aren't presentations at all. They are casual meetings. By the end of my listing appointments, there are three things I hope I've conveyed:

1. Competence - I am a knowledgeable real estate agent who knows the Franklin market well and has enough experience to deal with a multitude of things that may come up during the process.

2. Trust - This is the largest financial transaction most people will ever make. It's important they be able to trust me to get the job done quickly and yield the best results. Sellers experience a lot of anxiety when they have their house on the market. Having an agent they can trust is an important part of getting their home sold.

3. Relationship - I didn't get into this business to make friends. However, I find having a good client/agency relationship is advantageous to everyone involved in the transaction. There may be some tense moments ahead. Having an agent who values that relationship can make a huge difference in achieving a successful outcome.

Listing Appointment or Listing Presentation: Is there a Difference?If I've done these three things, then I've had a successful presentation.

I often beat myself up wondering if there was something I could have or should have done to win the business. I wrote this post to work through some of that anxiety.

In reality, my casual listing appointment works much better for me than a formal listing presentation. You'll never see me whip out a pie chart at a listing appointment. It's not who I am or who I want to be.

 Listing appointment or listing presentation: Is there a difference?

Posted by
Tammie White, Managing Broker/Owner
CLHMS, CRS, GRI, SFR
Franklin Homes Realty LLC
Franklin, TN
(615) 495-0752 
GET REAL. GET LOCAL.
 
This posting with the content written here and photographs displayed are the intellectual property and opinions of Tammie White of Franklin Homes Realty LLC. Any party who uses this material without the written permission of Tammie White is subject to copyright infringement and possible lawsuit.

Comments(18)

Stefan Winter
Real Estate in IL & NV | Owner of Real Estate Web Tech | Daily Vlogger - Las Vegas, NV
Owner - Winter Group & Real Estate Web Tech

You do need both, if you don't have an appointment you have no place to give the presentation. I always run over the marketing even for someone that just want to sign, a quick overview just to inform them of the process etc. I like to keep everyone in the loop just like I appreciate being kept in the loop.

Jun 30, 2015 12:44 AM
Sam Shueh
(408) 425-1601 - San Jose, CA
mba, cdpe, reopro, pe

Appointment is a meeting. How much is my home worth?  Please take a look at my home see what I need to do to improve its appearance?  

Presentation is a broader perspective. Unlike some agents who insist on certain demands. all my presentation is to the point. I leave the listing contract with them and let them think it over.   

Appointment is closer to prospecting often to those who are considering sell as an option. Often they are shopping and interviewing other agents as well.

Jun 30, 2015 12:46 AM
Katerina Gasset
The Gasset Group & Get It Done For Me Virtual Services - Provo, UT
Amplify Your Real Estate & Life Dreams!

Hi Tammie! Trust, competence, and relationship are important aspects of our business. This is a good read. Thank you for sharing!

Jun 30, 2015 12:57 AM
Nicole Doty - Gilbert Real Estate Expert
Zion Realty - Gilbert, AZ
Broker/Owner of Zion Realty ZionRealtyAZ.com

Stick with who you are Tammie! You and I didn't make it this long in the industry by pretending to be something else!

Jun 30, 2015 01:21 AM
Dick Greenberg
New Paradigm Partners LLC - Fort Collins, CO
Northern Colorado Residential Real Estate

Hi Tammie - While our approach and philosophy are very similar to yours, we haven't yet moved away from paper quite as much. We tried it with great enthusiasm about 5 years ago, but I think we were a bit too early - it sounds like it's time to give it another shot.

Jun 30, 2015 05:29 AM
Susan Haughton
Long and Foster REALTORS (703) 470-4545 - Alexandria, VA
Susan & Mindy Team...Honesty. Integrity. Results.

Competence, trust and relationship - that says it all!  I prefer the casual approach, too, because it helps set people at ease.  And it works for me. 

Jun 30, 2015 06:34 AM
Anna "Banana" Kruchten
HomeSmart Real Estate - Phoenix, AZ
602-380-4886

Tammie it's all about trust, competence and relationships.  I am a mix of casual and all business when necessary.

Jun 30, 2015 07:40 AM
John Novak
Keller Williams Realty The Marketplace - Las Vegas, NV
Henderson, Las Vegas and Summerlin Real Estate

I see the listing presentation as the business part of the appointment. Depending on the relationship going in, it can be formal or casual. But even with the best presentation, if the trust and relationship pieces aren't there the chances of getting the listing greatly decrease.

Jun 30, 2015 10:00 AM
Kathleen Daniels, Probate & Trust Specialist
KD Realty - 408.972.1822 - San Jose, CA
Probate Real Estate Services

My style is like your style.  Let's sit down and talk. Let's look at the numbers and discuss the plan.  It's about trust and them having confidence in our ability to get the job done.

Did you get the listing agreement signed?  Just had to ask

Jun 30, 2015 10:43 AM
Richie Alan Naggar
people first...then business Ran Right Realty - Riverside, CA
agent & author

Long before an agent is on the scene, the seller has been dreaming, talking and even counting the equity and walk-away money...I get it. Most sellers have an idea of value. Now to "go get it" which involves application, not theories.

Jun 30, 2015 11:54 PM
William James Walton Sr.
WEICHERT, REALTORS® - Briotti Group - Waterbury, CT
Greater Waterbury Real Estate

I would have thought that a listing presentation is designed to win a seller's business. In the scenario you described, I would have thought, as you did, that it was a listing appointment (i.e. seller has already decided to list with you, just a matter of the formalities of signing documents). So I am not so sure that there isn't a distinction between the two...

Jul 01, 2015 12:35 AM
Denise Hamlin, Broker/Owner
Cardinal Realty ~ 319-400-0268 - Iowa City, IA
Helping Happy Clients Make Smart Choices

Nice post Tammie. I like how you break this down. Ultimately I don't think there's much difference between a listing appointment or a presentation, (although I've never been much of a fan of the idea of a presentation, like you I'm a bigger fan of the personal approach). Competence and trust are the big ones. I agree that relationship building also belongs on the list, but somehow have the feeling that it's not as important to buyers and sellers as it is to us. 

Jul 01, 2015 12:44 AM
John Mosier
Realty ONE Group Mountain Desert - Prescott, AZ
Prescott's Patriot Agent 928 533-8142

Tammie White -- I had a listing appointment a few days ago. The house was a very strange one. There was no way for me to do a CMA or work up comps and I did not see this as the reason for the appointment. When we set  up the appointment, it was about me seeing the home and sizing it up to set the price. We spent a lot of time discussing the home and had a lenghty informal discussion about how I would market their home.  I thought I had established a rapport with them. I left them blank listing documents for them to review. They told me they were going to list with me.

I called them a few days later to find out when to schedule a photographer and to see if I could help them find an appraiser. Then they told me they were listing with another agent.

These clients did not seem to be actively using their computers. I did not feel we were far enough along in the process to ask them to do electronic signing. Many of my clients are older and not yet comfortable with the paperless technologies. I have learned not to force technology on my clients.

 

Jul 01, 2015 01:03 AM
Patricia Kennedy
RLAH@properties - Washington, DC
Home in the Capital

Tammie, you hit on an important point - we just can't take anything for granted when we are getting any agreements signed, whether buyer broker or listing agreements.  And yes, good read!

Jul 01, 2015 01:43 AM
Tammie White, Broker
Franklin Homes Realty LLC - Franklin, TN
Franklin TN Homes for Sale

Stefan - I do go over those details, I just don't hover over a presentation.

Sam - I never pressure sellers to sign right there.

Katerina - Thanks for stopping by.

Nicole - We think a lot alike.

Dick - I am thinking of purchasing another iPad so buyers can use it while I'm showing homes. It would be pre-loaded with handy apps. I never use paper anymore. Even my sign-in at open houses is an app.

Susan - It helps put US at ease as well.

Anna - Just because I have a casual approach doesn't mean I'm not all business.

John - Excellent point.

Kathleen - Working on it.

Richie - We're in a hot seller's market. Everyone thinks they can do it on their own.

William - It is a confusing discussion.

Denise - Good point.

John - I never force technology on clients. Most are intrigued with doing everything electronically and just need some assistance the first time. I have my computer along. If they say they're ready to sign documents, we move forward.

Pat - I knew this issue could come up with this couple. There home purchase went much higher than they had anticipated. They're trying to save money. Aren't we all?

Jul 01, 2015 02:26 AM
Loreena and Michael Yeo
3:16 team REALTY ~ Locally-owned Prosper TX Real Estate Co. - Prosper, TX
Real Estate Agents

I dont do a "listing presentation" for people I know per se. But I always leave them something "tangible" whether it is market activity sheet, etc. Good that you are doing so well. I'm very excited for you. But am I not surprised. 

Jul 02, 2015 04:31 AM
Tammie White, Broker
Franklin Homes Realty LLC - Franklin, TN
Franklin TN Homes for Sale

Loreena - I send everything electronically, even market reports. Paper can be lost. A link in an email is always there.

Jul 02, 2015 05:53 AM
Roy Kelley
Retired - Gaithersburg, MD

You know the old stories about assuming things.

Real estate professionals need to be in their presentation mode all of the time.

Jul 04, 2015 03:22 AM