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5 Steps to Resolving a Mistake

By
Mortgage and Lending with Bay Equity, LLC 770-634-4021 NMLS #206275 GA 25689

Hey were all human, and we all make mistakes. The difference in a professional is the manner in which we handle these opportunities. If you follow this simple approach every time, you will leave your customers, coworkers, and even family members very happy.

Here are the five steps:

1.       Recognize It -if you don't  acknowledge the mistake the chances of you taking corrective action are minimal

 

2.     Admit it, own it - the absolute worst thing you can do is to ignore the problem and not take ownership. Blaming another employee, third-party, or something else is not going to help the situation

 

3.     Apologize - of the five steps this is probably the most critical. You must act quickly and apologize. If you wait into long the apology is meaningless and will be much more difficult to recover. There are statistics that show one negative experience travels by word of mouth 100 times faster than a positive experience. One other note that I'd like to make here is the manner in which we make this apology. By changing the dynamic you can achieve greater results. By this I mean, rather than say I'm sorry, say I'm sorry and please accept my apology. Asking for the acceptance will get a more positive response and better cooperation in the future.

 

4.       Fix it - do what ever you need to correct the problem. Solicit help from any one that can help you get the job done.

 

5.       Recovery - after all is said and done your customer should feel as though they are your most important client.  Go above and beyond, it may be sending flowers, a personal note, thank you gift. Something to show that you care about them as an individual.

 

These five quick easy steps has served me well in my career. The greatest determination of a professional is how they handle an adverse situation. I hope you will find these tools helpful as you move through your career.

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Kathy Sheehan Senior Loan Officer

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770.634.4021

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Bay Equity LLC

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11475 Great Oaks Way, Suite 350, Alpharetta, GA 30002

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The opinions and general information in this blog are soley those of Kathy Sheehan.  Specifics regarding an individual case should be discussed in detail with a loan professional.  For a confidential consultation, please feel free to contact me via phone or email.  All terms and conditions are subject to change.

 

MaryKay Shumway
The Kellstrom Ray Agency, Inc. (Est. 1948) - Sister Bay, WI
Door County Wisconsin's Real Estate Expert

Like this one, Kathy.  Well stated.

Jan 29, 2012 05:18 AM
Dan Hopper
Dan Hopper - Gold Way RE - Westminster, CO
Colorado Broker / Referral Services

Thanks for the well thought out advice, Kathleen!  The biggest problem is #1 ... most refuse to recognize the mistake. You were right in adding "admission of error and ownership".... good sequence!

Jan 29, 2012 05:19 AM
Nancy Conner
Olympia, WA
Olympia/Thurston County WA
This is very good! And admitting and resolving a mistake can turn a disgruntled client into a loyal fan.
Jan 29, 2012 05:23 AM
Deborah Byron Leffler BzyBee Real Estate Lady!
Keller Williams Realty Boise - Nampa, ID

Oh this is good!   I don't have a problem but hate when the other person won't acknowlege they made the mistake...and worse they blame you!  grrrr    Love these steps....it is so much smoother when we all follow these simple steps! 

Jan 29, 2012 05:28 AM
Anita Clark
Coldwell Banker Access Realty ~ 478.960.8055 - Warner Robins, GA
Realtor - Homes for Sale in Warner Robins GA

I liked this alot Cathy...own the problem and much of the issue gets resolved rather quickly. 

Jan 29, 2012 05:42 AM
Sharon Alters
Coldwell Banker Vanguard Realty - 904-673-2308 - Fleming Island, FL
Realtor - Homes for Sale Fleming Island FL

Cathy, we are all human, therefore we will make a mistake sooner or later. Like Anita said - own it and apologize and move beyond and deliver 5 Star service thereafter. Simple!

Sharon

Jan 29, 2012 01:02 PM
Kathy Sheehan
Bay Equity, LLC 770-634-4021 - Atlanta, GA
Senior Loan Officer

Li, I have used it with all of my relationships.

Jan 30, 2012 01:01 AM
Kathy Sheehan
Bay Equity, LLC 770-634-4021 - Atlanta, GA
Senior Loan Officer

Thank you MaryKay.

Jan 30, 2012 01:02 AM
Kathy Sheehan
Bay Equity, LLC 770-634-4021 - Atlanta, GA
Senior Loan Officer

Dan, I am with you.  Not owning a mistake is usually what drives me nuts.

Jan 30, 2012 01:02 AM
Kathy Sheehan
Bay Equity, LLC 770-634-4021 - Atlanta, GA
Senior Loan Officer

Nancy, that is the ultimate goal, another "Raving Fan".

Jan 30, 2012 01:03 AM
Kathy Sheehan
Bay Equity, LLC 770-634-4021 - Atlanta, GA
Senior Loan Officer

Deborah, I'll second that!

Jan 30, 2012 01:04 AM
Kathy Sheehan
Bay Equity, LLC 770-634-4021 - Atlanta, GA
Senior Loan Officer

Anita, absolutely taking immediate action is critical.

Jan 30, 2012 01:04 AM
Kathy Sheehan
Bay Equity, LLC 770-634-4021 - Atlanta, GA
Senior Loan Officer

Sharon, that is the secret.

Jan 30, 2012 01:05 AM
Jo Olson
HOMEFRONT Realty - Kettle Falls, WA
Retired - HOMEFRONT Realty @ LAKE Roosevelt

Very wise advice!  I have never found it hard to admit to a mistake, but I know  people who do!

Jan 31, 2012 08:20 AM
Kathy Sheehan
Bay Equity, LLC 770-634-4021 - Atlanta, GA
Senior Loan Officer

Jo, unfortunately so do I!  

Jan 31, 2012 12:48 PM
Pacita Dimacali
Alain Pinel - Oakland, CA
Alameda/Contra Costa Counties CA

Kathy

A long time ago, I read about the least most important word: "I"

And the two most important words: "Thank you"

We can add to that: "I'm sorry"

Thanks!

Feb 02, 2012 05:39 AM
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Kathy, mistakes do happen, we are human, and the ability to handle this situations could make or break your reputation!    GREAT POST!

Feb 03, 2012 03:50 AM
Kathy Sheehan
Bay Equity, LLC 770-634-4021 - Atlanta, GA
Senior Loan Officer

Pacita, you are absolutely right!

Joan, thanks for your input.

Feb 03, 2012 01:20 PM
Roy Kelley
Retired - Gaithersburg, MD

Good advice for real estate professionals.  If you make a mistake, fixing it is mandatory.

Have a great week!

Feb 06, 2012 01:07 AM
Kathy Sheehan
Bay Equity, LLC 770-634-4021 - Atlanta, GA
Senior Loan Officer

Roy it is critical.  What I find so often this is a skill that many haven't mastered yet.

Feb 06, 2012 01:14 AM