Solicitation for Business

By
Real Estate Agent with DFW FINE PROPERTIES 0506509

 

While shopping at my local Farmer's Market, a man walked in with a tray of mini pound cakes. He wanted the Manager to sell them for him for his church. Her answer was quite simple and informative. 

 

"I get recommendations from people who I know locally. This store is my responsibility. I don't hand over food products to my customers, even in the name of charity unless they are approved and there is a signed agreement." 

 

After walking out of the Farmer's Market, I thought a lot about how similar my business is to the Manager's at the local Farmer's Market. As a licensee, the expectation is to perform due diligence. I also check credentials of the clients I work with, including agents, i.e., their education and years of experience. It helps me to know who I'm dealing with, for example, if it's a client, I must know where are they getting their money from, who is their lender and are they approved for a loan. If it's a cash buyer, are there proof of funds? Most of all, are the people who I'm doing business with credible, a waste of valuable time, or a risk and liability to my business? In past years, there were three previous occasions when I discovered buyer's agents, who were not licensed, showed listings and wrote up contracts for potential buyers. I reported them to the authorities. Furthermore, I found out there are people who claim to have money to buy Real Estate, when in fact, they did not. I refused to do business with people not qualified.

 

Business must be taken seriously. Most people are honest, but there's always a few who are not. Always know who you're doing business with before agreeing to put yourself or others at risk. 

 

Whatever business you are in, there has to be trust, honesty, and integrity. In addition, everyone, including buyers and sellers need to be aware there are swindlers and con artists desperately trying to convince people that it's okay to do business with them, without being legitimate.

 

Best advice?

 

  • Get referrals & recommendations from people you trust.  
  • A good customer always returns for more questions, business or referrals.
  • A stranger claiming to be who they are, may not be who they are.
  • Never let the prospect of more money fool you.
  • Be smart - Be safe - Be wise about who do do business with.

 

©Patricia Feager 12/18/2015

Posted by

Texas Law requires all license holders to provide the Information about Brokerage Services form to prospective clients.

Real Estate Commission Consumer Protection Notice  

 

 dfw fine properties

 

DFW FINE PROPERTIES

                                        2900 W Southlake Blvd, Suite 180
                                        Southlake, TX 76092
                                        Office: 817-748-4800/FAX: 817-748-4900

                                         Patricia Feager
                                                        Cell: 469-951-4758

                                                        Email: patricia.feager@gmail.com

 

CERTIFICATIONS

Certified Residential Specialist
Certified Pricing Strategies; Mastering the CMA
Certified Military Relocation Specialist
Certified Negotiation Expert
C
ertified RE Probate Specialist

"With self-discipline most anything is possible." --- Theodore Roosevelt 

 

 

  

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Rainmaker
3,338,355
Michael Jacobs
Pasadena, CA
Los Angeles Pasadena 818.516.4393

Hi Patricia --- I was thinking about this subject the other day when someone asked me for a referral for a trade I didn't have any knowledge ---- I don't like staking my reputation on an "unknown" as if something goes wrong --- it reflects on me.   

Dec 18, 2015 01:19 AM #1
Rainmaker
306,590
Victor Amadi
PRODUCER Realty, LLC - Greenville, SC
Greenville SC Realtor - Greenville SC Homes for S

Patricia Feager, MBA, GRI, Cert Negotiations Expert, Military Relo Prof  - Thank you for your words of wisdom. You are right about the fact that there are a few people out there that are leading desceitful lives, just looking for the next scam. It is very important for all business owners and/or personnel to be cautious with whom they conduct business affairs with. Have a great weekend!

Dec 18, 2015 01:22 AM #2
Rainmaker
4,998,598
Barbara Todaro
RE/MAX Executive Realty - Franklin, MA
Marketing Agent for The Todaro Team

Good afternoon, Patricia Feager, MBA, GRI, Cert Negotiations Expert, Military Relo Prof ...business, in general, is risky.... my mother was a loan officer at a bank for decades and she would continually say "everyone is a risk" but there are risks that are not presently bad... but that can change....so, too, with our business.... good post....but you always write a good post....

Dec 18, 2015 01:23 AM #3
Rainmaker
2,672,475
Debbie Gartner
The Flooring Girl - White Plains, NY
The Flooring Girl & Blog Stylist -Dynamo Marketers

Excellent point.  That person was smart.  What if someone got sick or died from that.  How does she know if person is honest...or if they are, what if they were just left out too long?

Dec 18, 2015 01:48 AM #4
Rainmaker
1,607,130
Bob "RealMan" Timm
Ward County Notary Services - Minot, ND
Owner of Ward Co. Notary Services, retired Realtor

Great point Patricia Feager, MBA, GRI, Cert Negotiations Expert, Military Relo Prof just yesterday I had a pretty lady come into my office asking if I would recommend her service to others (a closet organizing system) and when I asked her for referral letters from her clients she could not produce any and left in disbelief that I would ask.

Dec 18, 2015 01:50 AM #5
Rainmaker
5,385,448
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

Thank you very much for sharing this story and your excellent advice.

Have a great Friday and an outstanding weekend.

Dec 18, 2015 02:48 AM #6
Rainmaker
4,451,184
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Patricia.

Referrals are an important issue.  We are ultra-sensitive on this subject.  One of my friends who is in the movie industry, always says to us when he recommends a film, "double your $$$back guarantee".  He has never been wrong. A

Dec 18, 2015 03:55 AM #7
Ambassador
3,803,473
George Souto
George Souto NMLS #65149 FHA, CHFA, VA Mortgages - Middletown, CT
Your Connecticut Mortgage Expert

Patricia you nailed it with this statement "Whatever business you are in, there has to be trust, honesty, and integrity."  Absolutely!!!

Dec 18, 2015 08:15 AM #8
Rainmaker
601,546
Claude Labbe
Real Living | At Home - Washington, DC
Realty for Your Busy Life

That's a nice takeaway from the market scene.  I'd have people sniff a bit when I start pushing to qualify, but when I explain how I am doing this to protect them, myself and that I also do the diligence with the other parties, people do calm down.  OR they walk away real fast.

Dec 18, 2015 10:27 AM #9
Rainmaker
3,205,097
Endre Barath, Jr.
Berkshire Hathaway HomeServices - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

Patricia excellent post and I am surprised it was not Gold Star worthy??? but what do I know, Loved your take aways about the best advice all strong and powerful.... Endre

Dec 18, 2015 03:38 PM #10
Rainmaker
4,432,217
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

Patricia, I love the post. You always write wonderful posts. Thank you.

Dec 18, 2015 08:38 PM #11
Rainmaker
2,257,153
Joe Petrowsky
Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709 - Manchester, CT
Your Mortgage Consultant for Life

Good morning Patricia. Your advice is so good and should be part of all of our regular business practice.

Dec 18, 2015 10:24 PM #12
Rainmaker
1,922,428
Grant Schneider
Performance Development Strategies - Armonk, NY
Your Coach Helping You Create Successful Outcomes

Hi Patricia - the moral of the story is consider feelings, emotion, relationships but you must do your due diligence with each.

Dec 19, 2015 01:34 AM #13
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Rainmaker
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