"It's the Agent Who Is Your Client, Dummy!"

By
Real Estate Agent with Bill Cherry, Realtor 0124242

 

 

 

Someday, I'd like to hold an employer-required class for real estate service company employees to reveal to them a number of things that they've either never been taught or never bothered to consider.

 

One of those things I would like to drive home, and then drive home again, is that the real estate agents are their clients, it's not the agents' clients.  Here's why.

 

In the main, a huge percentage of the business title companies and their escrow officers, mortgage companies and their individual loan officers, home inspectors, and home warranty companies, come to them on the recommendation of real estate agents.  It's not the parties of the transaction. Normally, they are agnostic to who is picked to serve them.

 

That's an important lesson to understand, especially where there are zillions in each category competing for business.

 

This was especially driven home to me recently.  A title company and one of its escrow officers were picked by the co-op agent.  From the date escrow was opened, the company performed promptly and spectacularly.

 

But on the day of closing, an interesting thing happened.  My client's appointment was set for a specific time in the afternoon.  When I arrived about ten minutes early, it appeared my client hadn't yet arrived.  I notified the clerk at the desk who I was and which client I was representing.

 

About fifteen minutes later, another clerk who I had been kibitzing with to bide the time away, said, "Well, I think they've just about finished the closing," and she took me to the office.

 

I was shocked!

 

Sure enough, my client was sitting there, and the escrow officer was out making a copy of the file for my client. 

 

While it probably wasn't of particular importance this time, nevertheless, a significant part of the agent's service to the client is to be present when the closing takes place.

 

More than once...in fact, many times more than once...a transaction has begun to fall apart at the closing table, and I've been able to resolve the issues and the closing was completed.

 

This was denied me, and that was totally inappropriate.  

 

Of the thousands of files I have closed, this was the very first one I've ever not been present for.  The very first one.

 

When the escrow officer returned to the room, she said to me, "Your client arrived early, so we went ahead with the closing."  That, of course, completely ignored the fifteen minutes I had been waiting in the lobby.

 

So the question is, Will I ever close another file at that company's office?  And the answer is, Not if I can help it.

 

But in a large town like Dallas, it really doesn't won't make any difference to the title company or its agent.  There are always more agents to replace those they lose.

 

The same with Realtors, doctors, appliance repair people, and with beauticians and barbers.  The check and balance of service people doesn't begin to be on the same required level as that required to survive in a smaller town.

 

BILL CHERRY

Broker-Realtor

Since 1966

Keller Williams Dallas Premier

Direct: 214 503-8563

Bill on the Web

 

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Topic:
Real Estate Best Practices
Location:
Texas Dallas County Dallas
Groups:
"Whacked"!!!
Front Porch Majority
Bananatude
Almost Anything Goes
All Thing's Texas
Tags:
title companies
mortgage lenders
inspectors
salesmanship
representation

Spam prevention
Show All Comments
Ambassador
4,380,357
Kathy Streib
Room Service Home Staging - Delray Beach, FL
Home Stager - Palm Beach County,FL -561-914-6224

Bill- all in all, nothing seemed appropriate about that.  Whether or not you were required by law to be present (and I have no idea about any of that) the common  courtesy would have been to keep your informed.  If they didn't know you were there, they could have called you to see if you were planning on being there. 

Jul 02, 2015 12:58 AM #1
Rainer
449,259
Dan Hopper
Dan Hopper - Gold Way RE - Westminster, CO
Denver Broker / Author / Advocate/Short Sale

Oh my, Bill.... something that should have never happened.  All of the excellent prep work of getting to the table does not excuse the poor communication to you, while sitting in that office.  Not what we have come to expect from the title affiliations!!

Jul 02, 2015 01:54 AM #2
Rainmaker
908,388
Pamela Seley
West Coast Realty Division - Murrieta, CA
Residential Real Estate Agent serving SW RivCo CA

Oh, wow, I'd be pretty steamed. The escrow officer should have said something to the front desk they started early. That's disrespectful. Like you say, they won't care, but move on to the next. Sorry that happened; I'd complain to whoever manages the escrow office.

Jul 04, 2015 12:31 PM #3
Show All Comments

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?

Rainmaker
393,656

BILL CHERRY

Broker & Wealth Coach
Ask me a question
*
*
*
*

Additional Information