It's definitely a great way to get a referral fee. I'm wondering whether some client might just not want anything to do with the listing agent who couldn't get their home sold? Or maybe some listing agents are just fed up with the client, because the reason the home didn't sell is because the sellers wouldn't drop the price? There can be so many reasons why a listing expires and the agent isn't referring to another office.
Bettina: Speaking from a service perspective, i think that if we are paying attention to our client's we can identify issues before the seller gets fed up with us and decide it is better to let them know they will get someone who can assist them better and yes sometimes the agent can't get the seller to drop the price but they may know someone who is a better fit to communicate with the client that could get them to drop their price and it would benefite the seller because their home gets sold, the current listing agent because he/she earns a referral fee, and the referred agent gets new business. i think that when we get to a point where the seller is "getting on our nerves" or we realize that we are spending time and money on a listing that isn't selling....it's time to let it go and give it to someone who CAN get it done. i tell my clients that if i'm not doing my job, they can fire but be sure that i will quickly identify and resolve the issue by giving it to someone else better suited for the job before they have a chance to be pissed at me. it's been my experience in any arena, not just real estate, that clients are more flexible when their service providers are proactive and provide solutions to issues before they have a chance to complain about them...
Comments(3)