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Wanda B. Agent . . . Can NOT See the Real Estate Forest For the Trees

By
Industry Observer with RETIRED / State License is Inactive Inactive License Oregon

Image result for can't see the forest for the trees

 

The other day I received a voice mail message from a caller who wanted to talk to me about working at Buyers Agents Portland, LLC.  The woman caller told me she was getting her real estate license and wanted to talk to me about becoming an agent.  Oh goodie.

I did not return the call having an extremely busy week.

Today, she called again and I answered the phone.

"Hi, my name is Wanda B. Agent . . . and I'm calling to find out if you're looking for an agent?"

"Oh," I replied.  "Are you the one who called me a few daze days ago and left a voice mail message?"

And she said -- I'm not making this up:  

"I don't remember.  I called a lot of companies."

Well, gee . . . this is starting off great.  Here I am REMEMBERING HER!  

She told me she had no experience in real estate, hadn't work for over 8 years, and thought real estate would be a good career for her so she could stay at home with her two kids.

Yeah, that's a great elevator pitch if I ever heard one . . . hmmmmmmmmmm . . . NOT!

All things being equal . . . I can tell you that when I began real estate there was no way I could stay home with my 9-year old son.  

The first seconds of that phone call was all I needed to know about the abilities of the caller.  She hadn't even mastered the technique of follow-up notes, for the love of all that is UNSOLICITED.  She didn't remember calling me, had no clue about my brokerage and when she called, it was as if she was doing me the favor.   If she can't keep track of those little ditties when she's calling to inquire about possibilities / opportunities in real estate, how do I expect the caller to be able to keep track of . . . oh, I don't know . . . . . . . . .  prospecting INQUIRIES!?!?  They're called "Follow-up calls," and we make them all the time in this business. 

NEXT . . . 

I asked her if she knew what a "FIDUCIARY" was?

She did not.

I asked her if she knew what a Rent-Back was?

She did not.

But, she told me, that the other brokerages were offering her a 25% / 75% split.  I laughed.  She thought my rent-back question had to do with office fee splits.

Here's a caller that can't even remember calling me a few days ago, has never sold real estate, never bought real estate, took the real estate course (which, apparently didn't teach her much) since she didn't know what a Fiduciary was or what an rent-back ("Agreement to Occupy After Closing") was.

I told her my agency spilt for greenhorns was 45% / 55%.  After all, I would be training, doing all the work and shouldering all the liability.   She thanked me and wished me luck.

OMIGOSH!

Facepalm AND eye roll all in the same phone call.

Posted by

 

 

Carla Muss-Jacobs has RETIRED effective May 1, 2018

Representing Buyers in the Portland Metro Real Estate Market | Clackamas Multnomah and Washington Counties | Since 1999

Carla Muss-Jacobs, REALTOR®, ABR, CEBA, ePro
Principal Broker/Owner ~~ INACTIVE

Carla Muss-Jacobs' retirement became effective May 1, 2018

Direct: 503-810-7192 

 

All Rights Reserved © 

Ed Silva, 203-206-0754
Mapleridge Realty, CT 203-206-0754 - Waterbury, CT
Central CT Real Estate Broker Serving all equally

It is a tough business and over 60% of new agents are out of the business in the first year.  That one won't make 6 months

Sep 29, 2016 01:10 PM
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

I enjoyed reading your post. There are some people who get into real estate so that they can be home with the kids.I wish they teach about what we do  in licensing courses.

Sep 29, 2016 09:31 PM
Carla Muss-Jacobs, RETIRED

Yes, I don't even know what that means . . . Thanks for your comment Gita Bantwal . . . I suspect, now that I'm re-thinking it, she was looking for a way to buy a house, and get paid for it, with her 75% commission.  Most people have no clue how to be a real estate agent, or how the business truly works.

Sep 30, 2016 04:09 AM
Lyn Sims
Schaumburg, IL
Real Estate Broker Retired

I think you dodged a bullet ...

Sep 30, 2016 11:51 PM
Steffy Hristova
HomeSmart Elite Group Tempe AZ Tel: 602.710.8161 - Tempe, AZ
Tempe AZ Realtor - Your Home Close to Your Work!

I can imagine working this Buyer's Agent in a transaction. I hope all Brokers will hire after an exam/ interview, like you did.

Oct 01, 2016 12:11 AM
Lottie Kendall
Compass - San Francisco, CA
Helping make your real estate dreams a reality

Just think what is likely to happen to your E&O if you had taken her on! Scary.

Oct 01, 2016 12:37 AM
Carla Muss-Jacobs, RETIRED

E&O would be back burner to the TUMS I'd have to buy!  LOL!!  Lottie Kendall (love the update photo.  How'd I miss that??)

Oct 01, 2016 03:58 AM
Diana Dahlberg
1 Month Realty - Pleasant Prairie, WI
Real Estate in Kenosha, WI since 1994 262-308-3563

Sounds like this "Newby" made it easy for  you to know if she was the right fit for your agency.   Enjoyed reading the post ... actually got a good belly laugh!

Oct 01, 2016 06:24 AM
Tammy Lankford,
Lane Realty Eatonton, GA Lake Sinclair, Milledgeville, 706-485-9668 - Eatonton, GA
Broker GA Lake Sinclair/Eatonton/Milledgeville

I want a job where I can stay home.  Hmmm now there's a red flag.  She didn't say "work from home" she said "stay at home".  Just shaking my head.  I guess that's why I'm dreadful at recruiting... people don't want to work, they just want a "job" and "check"

Oct 01, 2016 07:22 AM
Carla Muss-Jacobs, RETIRED

Tammy Lankford, I just don't understand why people think real estate agents have it easy and do nothing.  Just stay at home with the kids . . . not sure where she's getting that insight from.

Oct 02, 2016 06:59 AM
Christina Steinhaus
Coldwell Banker Residential Property - West Palm Beach, FL
Real Estate Agent serving the Palm Beaches

She sounds a little overwhelmed and needing some direction. But she hasn't stopped trying. Some cred for a Mom-

Oct 01, 2016 07:37 AM
Carla Muss-Jacobs, RETIRED

Christina Steinhaus there are those "apptitudes" in any job that are either displayed, or not.  We don't know what she's "tried."  She is married, and her husband supports her and her family.  Business, for male / female is about skill sets, and she didn't seem to possess any when I chatted with her.  However, I'll refer her to you in West Palm Beach and you can "mentor" her.   I'll certainly give her cred for a Mom.  

Oct 02, 2016 06:57 AM
Marte Cliff
Marte Cliff Copywriting - Priest River, ID
Your real estate writer

And that is proof - there are idiots in this world. Unfortunately, they reproduce, and vote. 

Oct 01, 2016 11:08 AM
Sharon Tara
Sharon Tara Transformations - Portsmouth, NH
Retired New Hampshire Home Stager

Oh she has a very bright future ahead of her! LOL

Oct 01, 2016 11:00 PM
Terry McCarley
Coastal Real Estate - Cape Coral FL - Cape Coral, FL
REALTOR, SRES, CDPE - Cape Coral, FL

Sounds like she is going to be one of the new agents that don't even make it a year in the business.  Staying home with her kids will equal zero business!

Oct 01, 2016 11:45 PM
Carla Muss-Jacobs, RETIRED

And if she tells that to me, what does she say to the clients?  "Oh, I can't show you the house today, Jane has dance lessons?" Terry McCarley 

Oct 02, 2016 06:52 AM
Sally K. & David L. Hanson
EXP Realty 414-525-0563 - Brookfield, WI
WI Real Estate Agents - Luxury - Divorce

Awww gee Carla Muss-Jacobs, Principal Broker (503) 810-7192  but let me guess...she "likes people"....and that is her highest and best qualification !

Oct 02, 2016 01:56 AM
Carla Muss-Jacobs, RETIRED

Or, the other reason:  I love to look at houses.


Thanks for the chuckle Sally K. & David L. Hanson 

Oct 02, 2016 06:51 AM
Jeanne Gregory
RE/MAX Southwest - Sugar Land, TX
The most important home I sell is YOURS!

She will stick her license with a generic company that does nothing and work for a few months. It'll be so much fun to co op with her!

Oct 02, 2016 05:01 AM
Carla Muss-Jacobs, RETIRED

Too funny Jeanne Gregory !

Oct 02, 2016 06:50 AM
Dorte Engel
RE/MAX Leading Edge - Bowie, MD
ABC - Annapolis, Bowie, Crofton & rest of Maryland

Dear Carla,

Working as a Realtor sure looks easy.  If it actually were, we would have a lot more colleagues.

Oct 02, 2016 01:59 PM
Carla Muss-Jacobs, RETIRED

Yup.  A lot of people think we're all in one big sorority/fraternity.  No so.

Oct 03, 2016 05:45 AM
Eve Alexander
Buyers Broker of Florida - Tampa, FL
Exclusively Representing ONLY Tampa Home Buyers

That was a "fun" read...confirms why I don't want to hire any agents.

But wait...

She did not even read (or understand) that you run an exclusive buyer agency office that only represents buyers.  Or maybe she though that she could just stay home and list properties for you through the phone...after all, the majority of listing agents think that anyone can be an exclusive buyer agent if they show their own listing. HA!!! 

Eve

 

Oct 07, 2016 02:50 AM
Carla Muss-Jacobs, RETIRED

Mike & Eve Alexander thanks for the comment.


 

Oct 07, 2016 05:24 AM
Jan Green - Scottsdale, AZ
Value Added Service, 602-620-2699 - Scottsdale, AZ
HomeSmart Elite Group, REALTOR®, EcoBroker, GREEN

Wow!  That was entertaining!

Oct 10, 2016 03:59 AM
Gary L. Waters Broker Associate, Bucci Realty
Bucci Realty, Inc. - Melbourne, FL
Eighteen Years Experience in Brevard County

The sad thing is there are thousands like her.... stay at home mom job?  Not if you want to succeed!

Oct 13, 2016 12:12 AM
Carla Muss-Jacobs, RETIRED

Well, she can succeed as a stay at home mom.  My mom was a "housewife"  LMAO.  Gary L. Waters, Broker Owner, Waters Realty of Brevard, LLC and she was very good at it!

Oct 14, 2016 07:45 AM