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Mr. Lender please don't ask me to send you a referal, you never send me any

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Real Estate Agent 0488515

So when was the last time a lender sent you a referral?  My answer would be never.

I received an email from a lender which read:

If you have never sent me a loan you are missing a chance to work with the best staff in the busienss.  TRY US.

So I decided I would respond and ask him to send me business.  He responded and said what area of town did I specialize in.  I responded and said what difference does that make I can sell real estate anywhere.  He responded and said he would only make referals to someone who specialized in an area (yes right).  So I said if if fine for you to do loans in any area; however I could not sell in all areas.  Followed by please remove me from your email distribution list.

 

Show All Comments
Gerry Michaels
Glasswork Media Arts - Gettysburg, PA
GettysburgGerry Social Meida

Well done Richard, very well done....

Nov 17, 2010 07:54 AM
Steve McCoole
Mortgage Alliance Group - San Diego, CA - NMLS#305667 - San Diego, CA

Interesting, so what I hear you saying is that the criteria involved for you to refer a client to a lender is not so much in the competence and quality of the lender but more in the lenders ability to provide you with additional business.

Nov 17, 2010 08:08 AM
Richard Weeks
Dallas, TX
REALTOR®, Broker

Gerry,

Thanks for your comments. 

Nov 17, 2010 08:21 AM
Richard Weeks
Dallas, TX
REALTOR®, Broker

Steve,

Thanks for your comments.  What you are hearing is sarcasm.  I would no more try to represent a client buy or sale in an area that I know nothing about.  I know what a client/agent relationship is all about.  It is one built on trust.  I have duties I owe my clients.

I just do not like to get email from lenders asking for my business, when I have NEVER asked a lender to provide me with a buyer or seller.

I am not sure about loan officers in your state; however I know in Texas there is no client/agent relationship between a lender and a buyer.

Nov 17, 2010 08:25 AM
Loreena and Michael Yeo
3:16 team REALTY ~ Locally-owned Prosper TX Real Estate Co. - Prosper, TX
Real Estate Agents

It's almost a one-way street, isn't it? I feel that way. The only one lender that sent me business is now getting all my business. He constantly thinks about people to send (like his own family).

I think it's just the nature of our business. Most people get house-fever, then figure a way to buy it!

Nov 17, 2010 10:55 AM
Steve Shatsky
Dallas, TX

Hi Richard... I am giving you a standing ovation for that one!  No double standards allowed!

Nov 17, 2010 12:57 PM
Ron Wickes
Keller Williams - Broker Associate - Conroe, TX

Way to go Richard!!!

Nov 17, 2010 03:07 PM
Richard Weeks
Dallas, TX
REALTOR®, Broker

Loreena,

Thanks for your comments.

I found the best lender when I moved here three years ago.  His name is Craig Jarrell, he never begged for me to give him a chance.  He knows the lending business and how to take care of my buyers.

I don't send a client to a lender with the expectiation of them sending me clients.  I just want my current buyer taken care of.

Nov 18, 2010 01:31 AM
Richard Weeks
Dallas, TX
REALTOR®, Broker

Steve,

Thanks for the comments and the standing O.  Some lenders and title companies just bug me.

Nov 18, 2010 01:32 AM
Richard Weeks
Dallas, TX
REALTOR®, Broker

Ron,

Thanks for your comments and support.

Nov 18, 2010 01:32 AM
Tom Boos
Sine & Monaghan Realtors, Real Living - Grosse Pointe Farms, MI
Providing the very best of service to Sellers and

Couldn't agree more Richard.  I do receive referrals from one particular Loan Officer on a fairly regular basis.   And, I in-turn, send Buyers his way.  He knows the quality of service I provide my clients and I appreciate his track record as a true loan professional.   

Nov 18, 2010 01:44 AM
Richard Weeks
Dallas, TX
REALTOR®, Broker

Tom,

Thanks for your comments.

Nov 18, 2010 05:00 AM
Ed Newman
Alamo Infrared, LLC - Midvale, UT

Thanks for this great information, I'll be sure and pass it on.

Dec 11, 2010 09:49 AM
Richard Weeks
Dallas, TX
REALTOR®, Broker
Ed, as always - thanks for the comments, we appreciate your continued support
Dec 12, 2010 12:14 AM
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