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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
Originally posted by @Patricia Steiner:

I'm sorry this happened to you.  And, shame on both agents and here's why:

1.  The seller's agent does not write up your offer contract.  Your (buyer) agent does.  The property manager in this case has only one person's interest to protect - the seller.  The real estate market still operates under "let the buyer beware" so you can never assume that the seller's agent will play well in the playground.

2.  Commissions.  The seller pays the commission.  (Oh, that's a period at the end of that statement).  Some sellers will try to get the buyer to pay it but I've yet to see any buyer take that bait.

3.  The Sale.  This will hurt so put on your coat of armor:  Because of your inquiry and offer, a property that wasn't on the market nor on anyone's radar - became highly marketable. You made the sale happen.  You showed the PM and owner (she wasn't even a seller at that point) that the property would sell and fast.  It's your fault.  That leads to the next lesson...please write this down:

When you're the smartest person in the room, LEAVE.

You were the smartest person in that room. The PM didn't understand what you were talking about, the owner hadn't thought about marketing the property for sale  - and then you walked in - and the money is flowing.

My recommendation:  let it go.  Move on to your next deal.  You're too good to spend one more minute of your time on people who don't have a clue.  Rock on!

 Thank you for actually answering my question!  

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

So paying 6% commission rather than 3% commission to the agent was in the best interest of the seller?  I didn't sign the contract because I felt the agent was screwing the seller.  

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 @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.  

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

 Yes they can report it, but they had nothing to do with it.   Thus it is up to me to report it or not.  BTW when you mentioned fines, you were clearly implying that my agent was being unethical otherwise there is absolutely no other reason to mention fines. 

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

Actually, I didn't want to report them.   If I  did I would have reported them already.  But I wanted to get a sense of what others would do about an unethical agent.  How y'all turned this against my agent and my PM is stunning and knowing the people involved it is even more stunning.  I've known both my agent and my PM to give up significant sums because it was the right thing to do.  They certainly don't deserve to be attacked for pointing out that an unethical agent has been 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

You avoided my question.  Did my PM act unethically too for wanting me to report this unethical agent?  

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

Seriously, so it is my agent that is being unethical?  What about my PM do you think he was being unethical too for wanting to report an unethical agent?  

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 tried to keep this short.  I figured when I wrote that both my agent and my PM who is also an agent were urging me to report this agent in question, I figured that would be enough to show that he was 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

I cared, thus I didn't sign the contract.  

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'll try to make this short.

Last month, I called an agent who runs a property management company. I offered to buy one of the houses he manages.  Had to explain to him a couple of times what I was trying to do.  Anyway,  he calls the owner and she agrees to sell it to me for the price I offered.  I asked the agent to write up the contract.  He did but he included a 6% commission.  I told him I didn't think he earned 6% for simply making a phone call and writing up a contract.  I refused to sign.  Next day he puts the property on the market with a highest and best at close of business the same day.  I make the same offer but was outbid.  Found out today, the buyer was the agent's father and another agent within the original agent's office represented the father.  

My agent (who knew of this, but wasn't involved) says I should report the original agent.  My PM also says I should report the agent and has almost had to report said agent in the past.  

So should I 

Simply report the agent to the Board of Realtors?

Report the agent and contact the seller to tell her what happened?

Just tell the seller what happened?

Text the original agent to tell him I know he sold the property to his father?

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)?

Do Nothing and let fate take care of this unethical family?

Something else?