Learn To Cooperate With Agents | Co-Broke Or Go-Broke??

By
Services for Real Estate Pros with RE/MAX Executive Realty - Retired 104763
https://activerain.com/droplet/5ntQ

 

  

One of the most important factors available to all real estate agents is the ability to cooperate with other agents via MLS. That’s the main purpose of MLS. It’s to display all listings of its members to enable buyer agents to have that information readily available for their buyer clients.

Cooperation is one of the most valuable components in the real estate industry. When agents learn to have faith in the system and find agents who are like-minded, the only result will be a positive one.

In an extreme sellers’ market, agents who cooperate with each other will share information regarding features and areas for which their buyer client is searching. This is an example of how two agents having a buyer and a seller, respectively, will share information and allow a showing to take place.

More agents would be wise to put some thought into reaching out to agents who are listing properties. They usually know what some of their future inventory will be, and that’s how real estate transactions are created.

It’s actually a meeting of the minds of agents prior to the showing. The details of the home are shared; the time frame for the seller is shared; the list price is shared and it’s in writing on a fully executed listing agreement.

It’s a fine method of getting over list price for the seller; and to assure the buyer they are the first, and with the right price, could be the only showing.

Agent cooperation is the essence of the real estate business, now that agency is the law. Obey the law. Make life easy for yourself and cooperate with the other side.

There should not be a goal of List/Sell by any one agent. Those days are long gone. Cooperation is the key to success. Pick a side and stay there. Help yourself by helping the other agent.  It’s just good business!!!

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Barbara Todaro, Great Grandmother to Aiden, Gianni and Caleb       

Todaro Team - Retired

508-918-9148

 

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Re-Blogged 1 time:

Re-Blogged By Re-Blogged At
  1. Roy Kelley 07/14/2020 04:01 AM
Topic:
Real Estate Sales and Marketing
Groups:
The Art Of Marketing You
Bartender, Make it a Double
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Rainmaker
578,126
marti garaughty
garaughty.com - Montreal, QC
a highly caffeinated creative type...

 

 

Jul 12, 2020 09:03 PM #5
Rainmaker
3,229,907
James Dray
Fathom Realty - Bentonville, AR
Exceptional Agents, Outstanding Results

Morning Barbara.

Where are the feature gods when they should be? Nothing else needs to be said.

Jul 13, 2020 02:01 AM #6
Rainmaker
3,374,682
Lawrence "Larry" & Sheila Agranoff. Cell: 631-805-4400
The Top Team @ Charles Rutenberg Realty 255 Executive Dr, Plainview NY 11803 - Plainview, NY
Long Island Home and Condo Specialists

So true Barbara, although I know a few agents that need to be reminded of the great slogan in your title!

Jul 13, 2020 04:58 AM #7
Rainmaker
5,883,760
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

Thank you very much, Barbara, for sharing your experience and your advice.

Jul 13, 2020 05:49 AM #8
Ambassador
3,302,879
Paul S. Henderson, REALTOR®, CRS
Fathom Realty Washington LLC - Tacoma, WA
South Puget Sound Washington Agent/Broker!

Your words of wisdom are well taken and I appreciate your when you deal with other agents...

Happy Monday to you Barbara Todaro 

Jul 13, 2020 07:17 AM #9
Rainmaker
2,950,749
Brian England
Arizona Focus Realty - Gilbert, AZ
MBA, GRI, REALTOR® Real Estate in East Valley AZ

There are too many agents that just don't get it and likely can't secure listings without giving a discount for the sub-par representation and it is a shame when the cooperating agent has to deal with them as well.

Jul 13, 2020 08:13 AM #10
Rainmaker
3,476,034
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

Hello Barbara,  You are so true as always with your advice in this blog.  Make it a great day!

 

Jul 13, 2020 09:10 AM #11
Rainmaker
3,494,180
Nina Hollander
Coldwell Banker Realty - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Hello Barbara... I've often said there's a reason it's called "cooperating" broker! :) And I've often said that I never look at other brokers in my market as competition, but rather as colleagues.

Jul 13, 2020 11:26 AM #12
Rainmaker
1,400,487
Sheri Sperry - MCNE®
Coldwell Banker Realty - Sedona, AZ
(928) 274-7355 ~ YOUR Solutions REALTOR®

Hi Barbara Todaro - I have always thought this way.  If I can't find the right home for clients, I am calling agents to find out if they have anything coming on the market soon.  I also do the same with my listings. Once they sign the listing agreement, I am marketing the property.  By communicating with other agents, we learn what inventory there is.  

Jul 13, 2020 06:08 PM #13
Rainmaker
3,402,842
Endre Barath, Jr.
Berkshire Hathaway HomeServices - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

Barbara we are on the same page I can not tell how many times it is the two agents that make the deal happen... keeping buyers and sellers emotions in check and focusing on the goal Endre

Jul 13, 2020 10:00 PM #14
Ambassador
4,029,088
George Souto
George Souto NMLS #65149 FHA, CHFA, VA Mortgages - Middletown, CT
Your Connecticut Mortgage Expert

Barbara everyone profits when we all play nice in the sandbox with each other.  

Jul 13, 2020 10:02 PM #15
Rainmaker
2,199,314
Grant Schneider
Performance Development Strategies - Armonk, NY
Your Coach Helping You Create Successful Outcomes

Hi Barbara Todaro - so well said and this reinforces the power of teams even for sole agents. 

Jul 14, 2020 04:50 AM #16
Rainmaker
963,799
Nick Vandekar, 610-203-4543
Long & Foster Real Estate Inc 610-225-7400 - Devon, PA
Tredyffrin Easttown Realtor, Philly Main Line

Very true and good advice for new agents to get to know listing agents and see if they can find their buyers something not on the mls yet but coming soon.

Jul 14, 2020 05:27 AM #17
Rainmaker
286,084
Susan McCall - - Compass Realty Solutions
Compass Realty Solutions - Portland, OR
Listing and Buyer's Agent

Love your photo, BTW!!  We seem to have a pretty good group of agents working together where I am.  Every once in a while I will run into a nutter.  I should write a blog about one I had last winter.  It was a doozy.

Jul 14, 2020 09:34 PM #18
Rainmaker
3,421,621
Kristin Johnston - REALTOR®
RE/MAX Realty Center - Waukesha, WI
Giving Back With Each Home Sold!

Well said and I hope my comment posts since I have been having issues, like many, with AR lately!

Jul 19, 2020 08:12 AM #19
Rainmaker
1,557,334
Beth Atalay
Cam Realty and Property Management - Clermont, FL
Cam Realty of Clermont FL

Hi Barbara Todaro, as agents, we should be working towards a common goal, cooperating makes sense.  

Jul 19, 2020 09:47 AM #20
Ambassador
4,252,332
Jeff Dowler, CRS
eXp Realty of California, Inc. - Carlsbad, CA
The Southern California Relocation Dude

I love this post, Barbara. Cooperation really is at the heart of our industry, or should be, IMO.

Jeff

Jul 19, 2020 10:48 PM #21
Rainmaker
1,591,157
Kat Palmiotti
406-270-3667, kat@thehousekat.com, Broker, Blackstone Realty Group - brokered by eXp Realty - Kalispell, MT
The House Kat

I love the "Co-Broke or Go-Broke" thought. Thanks for your post!

Jul 20, 2020 04:44 AM #22
Rainmaker
875,830
Doug Dawes
Keller Williams Realty - Topsfield, MA - Georgetown, MA
Your Personal Realtor®

Hi Barbara Todaro 

The title of this blog post says it all. Cooperation goes a long way and pays returns.

Jul 20, 2020 08:49 AM #23
Rainmaker
3,960,121
Dorie Dillard CRS GRI ABR
Coldwell Banker Realty ~ 512.750.6899 - Austin, TX
Serving Buyers & Sellers in NW Austin Real Estate

Good afternoon Barbara Todaro ,

Loved the title of your post! Cooperation with other brokers always leads to success. I look at other agents and brokers as my long term clients. I'll be working with them long after my seller moves out of town! Building a relationship founded on trust will make the process go so much more smoothly!

Jul 20, 2020 12:47 PM #24
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