For two days I`ve been dealing with a Realtor who believes his job is to speak for everyone without presenting our offer. Called to the carpet yesterday he finally admits he never presented our offer because he felt our offer was too low!
Rule #1 in Real Estate is to "Present all offers'..Hard to believe that this agent was so out of touch with reality and the amount of trouble he could be in!
I`m a firm believer in not speaking for the clients I represent. I present all ofers, give our clients the facts and allow them the right to make decisions for themselves.After all isn`t that our job?
I don`t make decisions for them, I can`t read minds, nor do I pretend to.
The Conversation is as follows:
Super Realtor: I didn`t present your offer to the lender because it was too low. They would reject it.
Me: Really: It`s an all "Cash Offer" we can close in two weeks. This property has been on the market for 9 months vacant and rotting away. Do you have any other offers on the table?
Super Realtor: Why no! I know what the lenders want.
Me: When was the last time you spoke to anyone from the bank?
Super Realtor: Aah, hum, OH! It`s been 6 months!
Me: So you`re deciding what the lenders should do with our offer without consulting the lender is that it?
Super Realtor: I can show you a denial letter of another offer the lender turned downed. It was a VA loan.
Me: What the heck do we care what was turned down!? Present our offer now and stop playing games.
Super Realtor: I`m only doing the job "I think" the lenders want me to.
Me: I pray you`re kidding around. Please fax them our offer as well as any correspondence the lenders send you. If our offer isn`t presented, I will contact the local board and commence with a Code of Ethics complaint!
This isn`t how we do business as Realtors and it`s hard to believe you`re allowed to operate like this!
With that i hang up the telephone, shaking my head in complete disbelief.
I`m wondering how this Super Realtor can stay in business and curious to know if anyone in his office realizes this Realtor shouldn`t be handling REO properties!
www.browardbesthomes.com
;)
;)
I love this post! I am doing a loan right now where the listing agent said that I could not do an FHA203b for the buyer because the house needed a 203k. I asked why does it need a rehab203k? The buyer and the buyer's agent both said that there were no problems with the home. The listing agent proceeded to tell me that "Foreclosures and FHA loans do not go together".
It was at that moment that I came to understand that she must still believe that Jimmy Carter was still President. I told her that I would do the 203k. By the way, the loan is closing next week as a 203b, she was wrong. She was not applying her "30 years of experience" to this transaction. She was using her experience from 30 years ago for this transaction. Sorry, it's 2009 not 1979...