Thank goodness, this is not a frequent event. It is not the first and it won’t be the last. I broke my cardinal rule and presented to only one spouse to accommodate the immediate need of the sellers. I take full responsibility for this error. and it will not happen again.
When this happens, I feel I let the potential client down. After years of sitting on the board and hearing the arbitration cases and the horror stories, I have knowledge of the potential risk of a Real Estate transaction.
Why.........? I have an idea. I like to learn from my mistakes, otherwise, another is made. The client expressed that I did not need to sell myself. Well, apparently, I did and failed miserably. There is no room in a listing appointment to be humble, or you are wasting everyone's time!
Asking why is like breaking up or getting feedback from a showing. It is probably not the reason. Nevertheless, I noticed the listing priced 5K below my bottom and 20K from the top sale number and the buyer broker payout less than I would have paid out and below the average. This action is indicative of an agent reducing their paycheck to get the listing. Good for her as she beat me. However, the seller will probably get what they paid for.
Conclusion: the listing will sell and the buyer's agent and the market will take a hit. The seller will leave money on the table. Nobody wins.
Moral: Never present to half or less of the decision makers.
Comments (8)Subscribe to CommentsComment