Bad Faith

By
Real Estate Agent with Realty Executives

“What do you mean I can’t back out on the inspection,” James “Jamo” Monahan demanded. “Say the frigging icemaker doesn’t work or something.”

“Like I told you earlier, James, er, I mean Jamo,” Agnes DeMerrit explained to her disingenuous client on the other end of the line. “There is no second bite at the apple once repairs are agreed to by both parties. Besides, your ten days were up two weeks ago.”

“Financing?”

“Your loan is approved,” Agnes responded, her short, grey hair losing pigment by the syllable.

“What if I go buy a car to screw up my ratios,” Jamo offered.

“That would be bad faith, James, er, I mean Jamo,” Agnes chastised. “It will cost you your earnest money.”

“Okay, the appraisal,” Jamo suggested. “We can still back out on the appraisal, right?”

“Appraisal came back at purchase price,” Agnes informed him.

“But you said it was ‘highly unlikely’ to appraise at the sales price,” Jamo exploded in her ear. “Now you’re telling me that I’m stuck in a deal at a price I never intended to pay? You listen to me, and you listen to me good. You better find me a way out of this contract or so help me God-“

Agnes pulled the phone away from her ear and took a deep breath. She despised working with investors. Absolutely despised it. Had she not run headlong into the driest spell of a forty year Real Estate career, she would have sent this creep packing so fast his Grecian Formula Plus infused head would have spun inside the raised collar of his pink Polo shirt.

As a rule, she preferred buyers who were actually interested in buying.

“Agnes? Agnes?”

Her client’s strident voice sounded small and tinny from a distance. She took a moment to withdraw something from the desk drawer before putting the phone back to her ear. She absently unwound a snarl in the cord as she spoke.

“All done?”

Jamo’s silence answered for him.

“Good. Now I’m going to tell you exactly how we are going to get you out of this contract with your earnest funds intact so you can pursue that new short sale that just hit the market this morning. If you’re ready to put on your big boy pants and listen, that is.”

“I’m listening.”

“Really listening?

“Yes, I’m really listening,” he assured her.

“No, James, er, Jamo,” Agnes rebuked. “I mean really listening.”

“Look, I’m listening, okay,” Jamo replied with exasperation. “I’m really, really listening. The world has stopped outside of this conversation. I’m on pins and freaking needles. Now pretty please with a cherry on top, just tell me what to do!”

Agnes whispered something into the phone, barely audible.

“What,” Jamo asked.

She whispered again, slightly louder.

“What,” Jamo asked again, straining to understand.

Agnes waited a beat before giving the air horn poised over the mouthpiece of the phone one long, shrill blast and terminating the call.

“I said you’re fired, Jay-mo.”

 

Comments (12)

Jon Zolsky, Daytona Beach, FL
Daytona Condo Realty, 386-405-4408 - Daytona Beach, FL
Buy Daytona condos for heavenly good prices

Paul,

This is actually the first time I read something like this on AR. A short story, with the theme happening to be about real estate.

Cool, I like it

Is this a way to write about some clients without pissing them off?

Apr 19, 2011 05:00 PM
Paul Slaybaugh
Realty Executives - Scottsdale, AZ
Scottsdale, AZ Real Estate

Not in this case, Jon. Had a deal blow up recently under shaky auspices, but it was the other party, not my client that bears closest resemblance to the antagonist here. I tend to use such experiences as the basis for story concepts, but that's where it ends. 100% fiction.

Apr 19, 2011 05:04 PM
John Rakoci
Eagle Realty - North Myrtle Beach, SC
North Myrtle Beach Coastal Carolinas

Nothing wrong with firing a client you cannot work with. I find sellers fired most often but have fired buyers too. I expect to be treated as I treat clients, with dignity and respect.

Apr 19, 2011 05:14 PM
Paul Slaybaugh
Realty Executives - Scottsdale, AZ
Scottsdale, AZ Real Estate

Agreed, John. This is fiction, though. Never happened. Just having some fun.

Apr 19, 2011 05:15 PM
Sarasota & Manatee Counties FL
SaraMana Properties - QuickFreeMLS.com - Bradenton, FL
QuickFreeMLS.com - Listings In Paradise

Awesome story! I liked your blog post and I thank you for sharing it with us!

Apr 19, 2011 05:37 PM
Fred Griffin Tallahassee Real Estate
Fred Griffin Real Estate - Tallahassee, FL
Licensed Florida Real Estate Broker

Hi, Paul.

I had a Buyer back out recently on a "Weasel Clause".   It was totally capricious.  They had found a better deal and wanted out.

Given our present Economic situation, and the Buyer's Market (at least here in Florida),  I fear that we may see more of this.

I like the words of Agnes:   "You're Fired!"

Apr 19, 2011 05:40 PM
Robin Dampier REALTOR®
Coldwell Banker King - Hendersonville, NC
Hendersonville & Western NC Real Estate Source

Well, since this is fiction I can say I enjoyed the story as it reminded me of some "real life" tales!  Thanks and done very well.

Sue of Robin and Sue

Apr 19, 2011 05:45 PM
Jeffry Evans
Temple, TX

Pretty good laugh, but not the best way to go about business, for either party.

Apr 19, 2011 07:50 PM
Bruce Walter
Keller Williams Realty Lafayette/West Lafayette, Indiana - West Lafayette, IN

Enjoyed the yarn, Paul!  I'd say JayNO needs to go to the sheriff sales since he is so smart and bid away sight unseen on the myriad of properties offered.  Someone that smart can surely represent his own interests!  Glad it's only fiction!   ^_~

Apr 20, 2011 12:19 AM
Petra Norris
Lakeland Real Estate Group, Inc. - Lakeland, FL
Realtor, Lakeland FL Homes for Sale

Paul - while your story is fiction, I would bet you that this very story, you so eloquently wrote, happen to some agent out there. 

Apr 20, 2011 01:19 AM
Liz and Bill Spear
RE/MAX Elite 513.520.5305 www.LizTour.com - Mason, OH
RE/MAX Elite Warren County OH (Cincinnati/Dayton)

Paul, At least "Jamo" got a proper send off from Agnes! :)

Apr 20, 2011 01:29 AM
Paul Slaybaugh
Realty Executives - Scottsdale, AZ
Scottsdale, AZ Real Estate

@quickfreemls - Thank you, sir.

@Fred - Always an escape hatch when someone loses interest in a deal, unfortunately. And yes, this market has brought out the pseudo buyers along with the real ones.

@Sue - Any fiction worth its salt has some basis in reality. Thanks for reading.

@Jeffry - Not recommended business practice.

@Bruce - You speak the truth. Escrow hoppers can hop right along to the auction if price is the only consideration.

@Petra - Certainly, Petra. Though I doubt any agent would be so unprofessional as to dispense of client in the manner illustrated here. ;)

@Bill - Revenge is a dish best served loud. 

Apr 20, 2011 04:00 AM

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