The Practice of Relaxed Real Estate

By
Real Estate Agent with Keller Williams Realty

 

 

The good old boy approach of working a transaction with another agent.  Especially found in small communities where the real estate agents know each other well.  Big cities are filled with agents that are just as guilty.  A mutual trust to verbally work things through and trust the other agent is holding up their part of responsibilities on their side of the transaction.

I call that kind of real estate practice - relaxed real estate.  Unfortunately in real estate one cannot afford to be loose on their responsibilities and ignore proper procedures.  The best way for a contract offer to have success is to be written with full terms upfront.  Counters in writing so they are not misunderstood.  Time frames strictly adhered to so you there will be no legal outs for the contract or created exit tickets to terminate the contract.

It isn't a matter of not trusting the other agent or principals of the transaction, it is about protecting our client, our self and ethically taking care of business by meeting our responsibilities.

There is no Relaxed in Real Estate!  You also will save a lot of time out of the court system too by avoiding the temptation.

Comments (8)

Donne Knudsen
Los Angeles & Ventura Counties in CA - Simi Valley, CA
CalState Realty Services

Connie - I don't know what your market is like but here in Los Angeles & Ventura counties there are just so many Realtors and agents who so incredibly horribly and unprofessional that they simply give the rest of them a bad name.  The same could be said for some MLO's. 

While I love working in Los Angeles & Ventura counties because I have such a large pool of buyers to work with but some days, I really do wish I worked in a smaller market where everyone knew everyone and everybody behaved in a professional manner because you couldn't afford to have a bad rep.  Here some people just don't care because our market is so large.

Feb 28, 2011 03:01 PM
Eileen Liles
970-216-0530 http://WeSellDeltaCounty.com - Cedaredge, CO
Macht-Liles Real Estate Group - Cedaredge, CO

I do work in a small market and have many wonderful Realtors to work with....but, that doesn't mean we get sloppy with our work.  Best way to avoid problems is to do our jobs well!

Feb 28, 2011 03:08 PM
Evelyn Kennedy
Alain Pinel Realtors - Alameda, CA
Alameda, Real Estate, Alameda, CA

Connie:

I also work in a small community, but no self-respecting agent would accept a verbal agreement.  Show me the contract and all the counters.  They are the stuff of a proper transaction.

Feb 28, 2011 04:51 PM
Tara Lewis
The Horn Company Real Estate Group - Hondo, TX
Medina County TX Real Estate

I also work in a small market and, unfortunately, we have A LOT of "good old boy" verbal transactions and negotiations.  And for whatever reason, it hasn't given these guys a bad name.  As a matter of fact, people still flock to them because they've been in this town forever and everyone assumes they know what they're doing.  And they do know... they're getting the sales at any cost.

Not my way of working, but that's how they work - so it's been difficult to break into this market.

Mar 01, 2011 01:08 AM
Gary Woltal
Keller Williams Realty - Flower Mound, TX
Assoc. Broker Realtor SFR Dallas Ft. Worth

Hi Connie, I agree with the loose lips sink ships. You owe your LOYALTY and CONFIDENTIALITY to the client you represent first.

Mar 01, 2011 09:17 AM
Connie Goodrich
Keller Williams Realty - McKinney, TX
CRS ABR (McKinney Realtor)Texas

Donne - working in a market where you are well known and have built a professional reputation is wonderful.  I purposely taught classes, spoke at MLS meetings, etc. to gain visibility so when I called or worked with another agent they would know me and have a trust.  But what I am opposed to is sloppy representation and not sticking to good representation and responsibility.

Eileen - do your job well and you are absolutely right, all gets done and very professional!

Evelyn - I am lucky that most agents I work with are very professional and in a small town you certainly don't want to be the one to avoid for not doing your job right. 

Tara - hang in there, your reputation will build and success will come your way.  You will attract by doing business the right way.  Good luck!

Gary - loyalty and duty of doing your job correctly for their best interests.

Thanks for stopping off and sharing some thoughts!

Mar 01, 2011 02:44 PM
Jim Frimmer
HomeSmart Realty West - San Diego, CA
Realtor & CDPE, Mission Valley specialist

I’m kind of lucky because I meet the same real estate agents all the time in my farm. We know each other.

Mar 01, 2011 03:02 PM
Connie Goodrich
Keller Williams Realty - McKinney, TX
CRS ABR (McKinney Realtor)Texas

Jim - it does help to know one another well, just makes transaction go better, know their style and what to expect.

Mar 01, 2011 03:06 PM