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All Forum Posts by: Cal C.

Cal C. has started 130 posts and replied 1566 times.

Post: Should I report this agent to the Board of Realtors or?

Cal C.Posted
  • Investor
  • Peachtree Corners, GA
  • Posts 1,638
  • Votes 1,060
More ad hominem attacks from a moderator. 
Originally posted by @Joe Splitrock:
Originally posted by @Kumar Tummalapalli:
Originally posted by @Joe Splitrock:
Originally posted by @Cal C.:

Twenty something responses and only two have actually answered my question.   Please don't waste your time writing that I was wrong not to agree to the agent getting 6% for making a phone call  and writing a contract or for trying to convince me that having his father slightly outbid me after he found out what I was bidding is not unethical.  

The problem isn't that people aren't answering your questions, it is that you don't like the answer. Here is your questions:

Simply report the agent to the Board of Realtors? No, nothing unethical took place. Multiple realtors told you that.

Report the agent and contact the seller to tell her what happened? No, this is petty and unproductive. The seller doesn't care if you buy it or someone else buys it. In fact they may be unhappy that you pulled your original offer. Many people consider verbal offers binding, so your behavior could be considered unethical too.

Just tell the seller what happened? Again, petty and unproductive. 

Text the original agent to tell him I know he sold the property to his father? He already knows he sold the property to his father. I am guessing the seller does too, because most likely they share the same last name. 

Make an offer to buy the property from his father at the same price I originally offered (JOKING). 

Call his mom, who is his broker and tell her I think what her son and husband did was pretty crappy (obviously she knew all about this)? Petty and unproductive. What mother is going to side with a stranger over her own husband and child? Common sense, come on.

Do Nothing and let fate take care of this unethical family? Yes do nothing, although I disagree that they were unethical.

Something else? I can tell by your responses that you are a difficult person to deal with. I challenge you to consider how many problems you may be creating for yourself. For example, you had this deal and lost it due to a distorted view of fairness. You didn't even cut your own agent in the deal, which is kind of crappy too. 

You cannot confirm that there is nothing unethical , we just dont know the full details . And its pretty funny that you qualified it with " multiple realtors told that " . I hope you understood the irony of your statement .

 We all have opinions on this based on the facts he shared. Of course if he didn't share facts, that could change things. 

I don't see the irony? Realtor code of ethics is an actual written standard, so realtors should be a credible source for knowing if something is ethical by the standards they are trained on. But everyone interprets things differently, so obviously in any topic there will be disagreement. 

He can report it to the realtor board for ethics review and see what they say. Keep in mind the same case could be brought to ten different regional realtor boards and they may all rule differently. Life isn't always black and white. It depends on not only the facts, but how it is presented (and how the realtor defends themselves.)

Ultimately I think he is wasting his time, but he seems like a person motivated more by self righteous motives. Those type of people will go to any extent to prove they are right, no matter what they time or expense. Not how I roll. I value my time and beating a dead horse isn't my style. 

Post: Should I report this agent to the Board of Realtors or?

Cal C.Posted
  • Investor
  • Peachtree Corners, GA
  • Posts 1,638
  • Votes 1,060
Originally posted by @Jim D.:

Wait.  Ethics aside, let me get this straight:

Day 1: You walk away from a contract the agent wrote up because you don't think the agent earned the 6%.

Day 2 (as you stated, "next day"): Agent puts property on the market, presumably putting in very very very little additional effort because it is the next day after all and you say he wants highest and best the "same day."  But you made the same offer, which implies you are now ready to pay the 6% because I guess you now feel he's earned the 6% for what was probably two additional hour's worth of effort (after all, how much could he do from one day to the next)???  Do I have that right?

 I put in a bid the next day because I knew the seller was going to have to now pay 6% no matter what. 

Post: Should I report this agent to the Board of Realtors or?

Cal C.Posted
  • Investor
  • Peachtree Corners, GA
  • Posts 1,638
  • Votes 1,060
Only relevant bit of info I've held back is that the father bought it in an LLC name, thus disguising who the buyer was.  I was trying to keep it short at first and didn't think to add it until now because I was stunned by the level of vitriol leveled at me for saying the actions of the agent were unethical.  As you can tell to me it is unquestionably unethical, but others have a different view.  
Originally posted by @Andrew B.:
Originally posted by @Kumar Tummalapalli:
Originally posted by @Joe Splitrock:
Originally posted by @Cal C.:

Twenty something responses and only two have actually answered my question.   Please don't waste your time writing that I was wrong not to agree to the agent getting 6% for making a phone call  and writing a contract or for trying to convince me that having his father slightly outbid me after he found out what I was bidding is not unethical.  

The problem isn't that people aren't answering your questions, it is that you don't like the answer. Here is your questions:

Simply report the agent to the Board of Realtors? No, nothing unethical took place. Multiple realtors told you that.

Report the agent and contact the seller to tell her what happened? No, this is petty and unproductive. The seller doesn't care if you buy it or someone else buys it. In fact they may be unhappy that you pulled your original offer. Many people consider verbal offers binding, so your behavior could be considered unethical too.

Just tell the seller what happened? Again, petty and unproductive. 

Text the original agent to tell him I know he sold the property to his father? He already knows he sold the property to his father. I am guessing the seller does too, because most likely they share the same last name. 

Make an offer to buy the property from his father at the same price I originally offered (JOKING). 

Call his mom, who is his broker and tell her I think what her son and husband did was pretty crappy (obviously she knew all about this)? Petty and unproductive. What mother is going to side with a stranger over her own husband and child? Common sense, come on.

Do Nothing and let fate take care of this unethical family? Yes do nothing, although I disagree that they were unethical.

Something else? I can tell by your responses that you are a difficult person to deal with. I challenge you to consider how many problems you may be creating for yourself. For example, you had this deal and lost it due to a distorted view of fairness. You didn't even cut your own agent in the deal, which is kind of crappy too. 

You cannot confirm that there is nothing unethical , we just dont know the full details . And its pretty funny that you qualified it with " multiple realtors told that " . I hope you understood the irony of your statement .

 So are you are suggesting that the OP is holding back the information that will blow the lid off this whole case?

Post: Should I report this agent to the Board of Realtors or?

Cal C.Posted
  • Investor
  • Peachtree Corners, GA
  • Posts 1,638
  • Votes 1,060

I talked to two more local agents and they both strongly agreed this was definitely unethical.  

Post: Should I report this agent to the Board of Realtors or?

Cal C.Posted
  • Investor
  • Peachtree Corners, GA
  • Posts 1,638
  • Votes 1,060
Originally posted by @Julie N.:

@Cal C. I think many of us have all lost deals to some back room deals that we may or may not be able to prove. I’ve walked away from some dealings with other agents that make me shake my head (I am also an Agent). I just move on and find the next deal since I won’t let me feelings about the situation cloud me in any way. There plenty out there for everyone. Sorry this happened but it’s the business we are in. It doesn’t have to be and shouldn’t but the reality is - it is.

Thanks!  

Post: Should I report this agent to the Board of Realtors or?

Cal C.Posted
  • Investor
  • Peachtree Corners, GA
  • Posts 1,638
  • Votes 1,060

Interesting.  Now I'm getting ad hominem attacks from a Moderator!  

Post: Should I report this agent to the Board of Realtors or?

Cal C.Posted
  • Investor
  • Peachtree Corners, GA
  • Posts 1,638
  • Votes 1,060

Twenty something responses and only two have actually answered my question.   Please don't waste your time writing that I was wrong not to agree to the agent getting 6% for making a phone call  and writing a contract or for trying to convince me that having his father slightly outbid me after he found out what I was bidding is not unethical.  

Post: Should I report this agent to the Board of Realtors or?

Cal C.Posted
  • Investor
  • Peachtree Corners, GA
  • Posts 1,638
  • Votes 1,060
Dang I wished I knew that was yours.  I stayed right around the corner last year while on vacation.  If I had known I would have asked you to let me take a tour.

Originally posted by @Jay Hinrichs:
Originally posted by @Russell Brazil:

@Jay Hinrichs funny story on a similar subject....I had an open house yesterday, and one of the neighbors came in and asking what I charge and I told her...and she went into this tirade about how I was ripping this seller off...I said well my seller is my wife, I'll pass along those concerns to her that Im charging her too much lol.

all in the family my wife is our listing agents on our deals in Oregon.. but I pay full commish to agents in many markets. that big one on 7 new st in Charleston I closed last month I negotiated that one down to 4% total.. but that was a 2.2 mil deal and the agent walked out with 88k in their jeans..  Being a top producing agent is just a great gig, fun and profitable but can have some stress.. that buyer was a floor trader out of NY and paid cash.. so he was a little demanding on her.. but when I was in Charleston 2 weeks ago I wanted to drive by the house as I am quite proud of being the owner builder and they saw us and invited us in without an appointment. and are so proud of their new home.. those are the times that we pinch ourselves and say is this a great industry or what and is this a great country or what.. 

Post: Should I report this agent to the Board of Realtors or?

Cal C.Posted
  • Investor
  • Peachtree Corners, GA
  • Posts 1,638
  • Votes 1,060
That is two votes for walking away.  I appreciate you actually answering my question.  Just talked to my agent again and she is imploring me to report.   Will probably have negative repercussions for her if I do report.  

Originally posted by @Jay Hinrichs:
Originally posted by @Cal C.:
Jay, 
When I don't feel something is right I walk away which is what I did originally.  Once it went onto the MLS, I knew the seller was going to have to pay 6% to their agent.  So I bid. In retrospect I should have bid my original bid plus 3% but I'm sure agent's daddy would have mysteriously had a bid slightly higher than that.  Go figure!  

Originally posted by @Jay Hinrichs:
Originally posted by @Cal C.:
Originally posted by @Mary B.:

why didn't you try to negotiate a lower commission instead of no commission at all? it seems that was the reason for the hard left in this scenario from the jump. imo, the PM did earn a commission. maybe you think 6% was a stretch so start at 1% or 2% and meet in the middle next time. my coin.

kudos,

Mary

 I would have been quite happy for the realtor to get a 3% commission.  It was the 6% commission that I felt he didn't deserve.   It was incredibly short sighted of this agent since I probably would have bought several more from him over the years even he would have been reasonable about the commission.  

too funny.. your setting someone else comp.. when you have your own criteria for your own business.. and or what you will pay.. its kind of the pot calling the kettle black.. do you go to a closing that a closing agent works on for maybe 30 minutes and they charge 1000 bucks and do you say no I am not going to close unless you cut your fee down since i dont think you deserve it..  NO you dont you can try a different closer .. some maybe discount for volume.. i know i get discount but volume for us is 50 closings a year...

But as its base for sure commish is negotiable and there is no problem doing that. I know I am on the high side with tough to sell properties i would routinely charge 10 to 20% commish.. and if they are fairly low value assets IE under 150k who is going to take the risk and everything to make a few grand thats hardly worth a busy agents time .

 ya the most important word in our business is NEXT you simply cant win them all.. or account for every weird scenario that could happen. I know for instance I wont generally engage wholesalers no matter what they have or how good the deal is.. and  I suspect I miss some. but deals are like street cars there is one on every corner ..  ( my Dads attorney used that line in the 60S when there were street cars on every corner in Oakland CA.)  so I always remember that.. NEXT  and there will be a NEXT.. I never use the If it was meant to be it would be.. that one I personally don't care for.. as its not real in my mind. 

Post: Should I report this agent to the Board of Realtors or?

Cal C.Posted
  • Investor
  • Peachtree Corners, GA
  • Posts 1,638
  • Votes 1,060
Jay, 
When I don't feel something is right I walk away which is what I did originally.  Once it went onto the MLS, I knew the seller was going to have to pay 6% to their agent.  So I bid. In retrospect I should have bid my original bid plus 3% but I'm sure agent's daddy would have mysteriously had a bid slightly higher than that.  Go figure!  

Originally posted by @Jay Hinrichs:
Originally posted by @Cal C.:
Originally posted by @Mary B.:

why didn't you try to negotiate a lower commission instead of no commission at all? it seems that was the reason for the hard left in this scenario from the jump. imo, the PM did earn a commission. maybe you think 6% was a stretch so start at 1% or 2% and meet in the middle next time. my coin.

kudos,

Mary

 I would have been quite happy for the realtor to get a 3% commission.  It was the 6% commission that I felt he didn't deserve.   It was incredibly short sighted of this agent since I probably would have bought several more from him over the years even he would have been reasonable about the commission.  

too funny.. your setting someone else comp.. when you have your own criteria for your own business.. and or what you will pay.. its kind of the pot calling the kettle black.. do you go to a closing that a closing agent works on for maybe 30 minutes and they charge 1000 bucks and do you say no I am not going to close unless you cut your fee down since i dont think you deserve it..  NO you dont you can try a different closer .. some maybe discount for volume.. i know i get discount but volume for us is 50 closings a year...

But as its base for sure commish is negotiable and there is no problem doing that. I know I am on the high side with tough to sell properties i would routinely charge 10 to 20% commish.. and if they are fairly low value assets IE under 150k who is going to take the risk and everything to make a few grand thats hardly worth a busy agents time .