Admin

Do You Fight Over Money You Haven't Yet Earned??????

Reblogger Tina Parker
Real Estate Agent with Prudential Gary Greene-Friendswood

Original content by Barbara Todaro

After reading Lenn Harley's post this morning regarding the duty of a listing agent at an open house, I had to share my thoughts on the subject.  My team members are listing agents, and we all have the same attitude and work ethic regarding this topic.  Listing agents need to always remember, first and foremost, that they represent the seller.  If an action that takes place will assist the seller in selling the property, it must happen, spontaneously. 

Spontaneous occurrences are the most productive, and the direction of the buying end of the commission can be decided later.  It's not at the top of the list.  The problem with many agents is that they fight over money they have not yet earned.  We don't earn a commission unless papers pass and the deed is recorded.  That's a great rule to follow and remember, but don't focus on it.  Focus on marketing your listing to an interested buyer.  Peddle that property.  It's your job.  Sell it, including during an open house.   Close someone on it.  Stop thinking about the commission money that you have not yet earned, and to battle over it is an even greater embarrassment and a disservice to the seller.

 

                

             

                        

  www.franklinmahomesales.com

                  

Posted by

 

 

Tina Parker, Realtor

Prudential Gary Greene-Friendswood

www.tinaintexas.com

Call Tina for professional service with a personal touch- (832) 285-7475 

© 2009 Tina Parker, The Brian Worrell Team, Realtors in League City, TX - 832-285-7475. All Rights Reserved. LeagueCityBlog.com.  Prudential Gary Greene, Realtors.

 

Comments(4)

Show All Comments Sort:
Lizette Fitzpatrick
Lizette Realty - Richmond KY - Lexington, KY
Lizette Realty, Lexington KY MLS - Kentucky Homes

I think this happens when agents are in desperate times. It's hard for those that struggle to the next deal and feel they have to fight over money they haven't earned.

Aug 17, 2010 01:53 PM
Jerry Murphy, CRS, SRES
Long Realty West Valley - Anthem, AZ
Anthem, Phoenix, and Scottsdale AZ Real Estate

I hear you Tina.  My partner and I have sacrificed literally thousands of dollars this year to make deals work in the best interest of our clients.  A lot of agents don't seem to understand the concept of give before you get.  They're willing to let a deal fall through because they don't want to foot the expense of turning on the utilities for one of their listings. So we do it.  They don't want to give up part of their commission to close the gap on the net proceeds of short sale to make it work. So we do it.  What business owners have to understand is, once you place YOUR best interests ahead of your clients/customers best interests, you're done as a business owner.  Great post and best of luck to you.

Aug 17, 2010 01:59 PM
Ken B. Banks
Keller Williams Realty - Spring Hill, TN
Realtor Broker CRS ABR RCS-D CDPE CMRS SRES

   I must have missed your point. If I am going to host an open house for a listing agent, I want to know on the front end how we are going to handle commissions if I get a buyer.  The listing agent will get the listing side anyway.  Maybe the host who brings a buyer will also pay the seller a referral fee off the buyer side.  Some listing agents just say, "Bring a buyer, and SELL IT"  After losing two times this year on situations where other fine church-attending agents conveniently forgot what we had previously agreed upon, I make sure I find the right referral forms in the front office at the very start of working with MY CLIENT.  Not everyone, I found, had parents that taught them their word is their bond.

Aug 17, 2010 02:41 PM
Tina Parker
Prudential Gary Greene-Friendswood - Clear Lake City, TX

Lizette, Jerry, and Kenneth;

Thanks for responding.  Your comments are appreciated.

Aug 18, 2010 09:12 AM