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What are the odds? - A Realtor that double ends every deal!

By Erin Newington

Real Estate Agent with 5305573559 CA 01700374

June 17, 2008 01:00 PM

Most times when we meet a Realtor for the first time, we do some investigation on how many deals they closed in the current year to date and their total closings last year. This lets us gauge who we are dealing with and it gives us insight on the type of business they do.

Anyways I was looking at the numbers for a new Realtor we met this week and I was absolutely astounded to see her results. Every deal that this Realtor did since 1/1/07... was double ended. I mean ALL of them. Now mind you that she had only done 9 or so transactions, but WOW what an accomplishment!

We rechecked our numbers and they were correct. I really was shocked and thought she must have one heck of a follow up plan with her leads from her listings.

I really need to find out what she is doing to convert so many Buyers. Maybe she has the Buyer's first and then goes out and gets the listing. I don't know but she is doing something!

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Chris Tesch

RE/MAX Bryan-College Station - College Station, TX

College Station, Texas Real Estate

I don't know what the odds are on that, but figure the odds that she only has 9 listings in an 18 month period. She probably doesn't take them unless she has someone specifically in mind for the property or she puts them in the MLS already under contract. Odds are that she will get in trouble at some point.

Jun 17, 2008 01:03 PM

Karen Monsour

Coldwell Banker Fort Lauderdale Beach - Fort Lauderdale, FL

REALTOR, SSRS - Sells FL Waterfront, Short Sale Expert!

Parking here and waiting for other opinions. Very interesting though...did you ask her?

Jun 17, 2008 01:11 PM

Linda Greco Rich, ABR, SRES

Exit Preferred Realty - Bel Air, MD

Harford County Specialist

I would ask her - she'd probably be flattered.

Jun 17, 2008 01:25 PM

Cindy Jones

Integrity Real Estate Group - Woodbridge, VA

Pentagon, Fort Belvoir & Quantico Real Estate News

Sounds a bit fishy to have only 9 transactions and have them all be doubles. How many days were the homes on the market before they had contracts on them? And of course is she really making any money if she is doing it the way you suggest. Perhaps she never really had the listing and just entered it in the computer? Who knows but it is curious.

Jun 17, 2008 02:00 PM

Elizabeth Weintraub Sacramento Broker

Elizabeth Anne Weintraub, Broker - Sacramento, CA

Put 40 years of experience to work for you

Sounds like she's doing something against the law because those odds don't just happen. I checked MLS today on a new listing that hit for one day and immediately sold. The list price was around $550,000 and it sold at $400,000. The agent double-ended it. Makes you question whose interests that agent had in mind.

Jun 18, 2008 02:14 PM

Gretchen Faber

The Kentwood Company at Cherry Creek - Denver, CO

LifeStyleDenver

Not only do the odds seem enormous, but she is walking an agency fine line. It is very hard in Colorado to double end without several disclosures to both parties that you have no agency relationship to them.

Jun 18, 2008 02:17 PM

Tom Davis

Harrington ERA,DE Homes For Sale, $$ Save $$ Buy Today ! - Dover, DE

FREE Delaware Homes Search!, $$ Save $$ - Find Homes! Delaware Realtor

Wow yes she needs to be careful,

good post!

Thanks

World Class Delaware Realtor

Jun 19, 2008 04:47 PM

Kim Peasley-Parker

AgentOwned Realty, Heritage Group, Inc. - Sumter, SC

I know some agents who have higher than double end deals than average but not 100%. I have questioned how an agent could get that many double ended deals in our market with 100%, I would really be wondering and asking.

Jun 19, 2008 11:26 PM

What are the odds? - A Realtor that double ends every deal!

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Erin Newington

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