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Real Estate Fight Club

Real Estate Fight Club

Business:Careers

Episode 29: What Should You Do If Your Client Makes a Bad Choice in the 11th Hour?

Episode 29: What Should You Do If Your Client Makes a Bad Choice in the 11th Hour?

2020-04-13
Download

In Episode 29 of the Toe-2-Toe Podcast, hosts Jenn Murtland and Monica Weakley duke it out over what you should do if your client makes a bad choice in the eleventh hour. Hear why Monica thinks you should be careful before rolling over and giving away your commission and why Jenn thinks you should not be afraid to get your hands dirty to make things right. 

Episode Highlights: 

  • What should you do if your client makes a bad choice in the eleventh hour?
  • Jenn says that the more deals you do, the more frequently you’ll be in this situation.
  • Most often agents give up part of their commission, which makes Jenn’s skin crawl.
  • At one point, Jenn had a seller that took a mirror from the bathroom. She told him to put it back and he agreed to.
  • In one deal, a client removed every single light fixture in the house and replaced each of them with junk thinking no one would notice.
  • Jenn recommends having a heart-to-heart with your client. You can also speak to the other agent to see if there’s common ground.
  • Jenn feels that they know they're being a jerk when they make these decisions. Don't work with them again.
  • Monica doesn't think most people are trying to be rude. She tries to judge the action based on the character of the client.
  • Monica isn't going to give up her commission without questioning it.
  • She will give it up rather than go back on the market or waste more time. She values her time more than winning.
  • Jenn invokes the written agreement. You can't change the game after someone has seen it.
  • Monica wonders if agents should go out of the way to state the obvious.
  • You can help manage expectations around these issues.
  • Jenn seems to have a hard line on having the client fix the issue.
  • Jenn thinks that in general fighting over this stuff is silly.
  • Monica feels that agents are too quick to give away their own money.
  • In general, agents don't ask enough questions.
  • When they surveyed other agents, they found that in other states, attorneys handle it.
  • Jenn feels that we can get our hands dirty and push our clients to do the right thing.
  • We need to have higher expectations for ourselves and for others.
  • Monica reminds us not to give up our income too quickly.
  • Monica once had a buyer purchase a house with a pool and the seller took the pool equipment. They sat at the closing table in a standoff. Monica wrote a check at the table.
  • Be nice to each other as agents.
  • Jenn tells us to get in there and fix it. 

3 Key Points:

  1. You don’t have to give away your commission. Have a heart-to-heart with your client and fix it. Ask questions before giving your money away. 
  2. Sometimes you may decide to write the check because it isn’t worth your time to fight.
  3. Go out of your way to manage expectations and state the obvious around these issues.

Resources Mentioned:

  • Jenn Murtland LinkedIn | Facebook
  • Monica Weakley LinkedIn | Facebook
  • Toe 2 Toe Podcast Facebook Page
view more

More Episodes

Episode 14: EXTRA ROUNDS - Should You Offer a Buyer Agent Incentive on a Listing?
2020-01-03 113
Episode 14: Should You Offer a Buyer Agent Incentive on a Listing?
2020-01-02 127
Episode 13: Should Buyers Always Take Occupancy at Closing?
2019-12-26 148
Episode 12: EXTRA ROUNDS - Should You Call the Buyer’s Agent Before They Show Your Listing?
2019-12-20 118
Episode 12: Should You Call the Buyer’s Agent Before They Show Your Listing?
2019-12-18 145
Episode 11 EXTRA ROUNDS - Is It a Good or Bad Idea for an Agent to Join a Team?
2019-12-13 163
Episode 11: Is It a Good or Bad Idea for an Agent to Join a Team?
2019-12-11 245
Episode 10: EXTRA ROUNDS - What To Do When Sellers Won’t Provide Their Opinion on Price
2019-12-06 167
Episode 10: What To Do When Sellers Won’t Provide Their Opinion on Price
2019-12-04 178
Episode 09: EXTRA ROUNDS - What Are the Top Reasons Agents Fail?
2019-11-29 186
Episode 09: What Are the Top Reasons Agents Fail?
2019-11-27 326
Episode 08: Should You Price Your Listing at a Flat, Even Number?
2019-11-20 259
Episode 07: Should Realtors Stock up on Designations?
2019-11-13 216
Episode 06: When is the Best Time to Ask Your Clients for a Referral?
2019-11-06 223
Episode 05: Are Pre-listing Inspections Critical?
2019-10-30 216
Episode 04: To Give a Closing Gift or Not Give a Closing Gift?
2019-10-23 454
Episode 03: How Do You Deliver Honest Feedback About Your Seller’s Home?
2019-10-16 302
Episode 02: Should Agents Use Pre-Listing Packets?
2019-10-09 312
Episode 01: Should You Always Pre-qualify a Buyer Before Showing Them a House?
2019-10-02 786
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