I HAVE A FRIEND WHO SELLS REAL ESTATE PART TIME SHOULD I USE HIM?

By
Real Estate Agent with Re/Max Professional Associates 74203

I have been asked this question a lot in my career.  You can insert relative for friend also.  Is this a good idea?  Probably not.  In this be available 24/7 atmosphere it is tough to do real estate part time.  The biggest problem is setting the price of the home.  This is a really fluid market with prices being the #1 reason why a home doesn't sell.  You need to be an expert in valuing homes especially if you want the appraisal to come into value.

I suppose if you are doing an entry only listing it doesn't matter.  You aren't doing anything for the seller.  If phone calls aren't returned in a timely fashion the buyers move on to the next home.  There has to be a sense of urgency in selling homes.  While inventory is decreasing it is still at historic levels.

The answer is no to using a part time real estate agent.  You should choose a full time experience Realtor when selling.

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Great blog and great job. Keep up the good work and good luck to you this year. Thanks.
May 12, 2012 03:19 AM #1
Rainmaker
1,087,567
Wallace S. Gibson, CPM
Gibson Management Group, Ltd. - Charlottesville, VA
LandlordWhisperer

I have a great real estate friend who sold a home to one of my tenants and my tenant asked that his part-time sister 2 hours away be cut into the commission * UKH!

I do not see how part-time agents make it with the fees and costs involved with general brokerage...they are certainly not educated

May 12, 2012 03:21 AM #2
Rainmaker
453,987
Gay E. Rosen
Houlihan Lawrence - Larchmont, NY
Honest, Hardworking and always Professional!

Hi COnrad: I totally agree... Last year I met a couple who liked one of my listings. They decided against that one, but I knew I had another coming on, and suggested that to them. They came to the first open house and after 45 minutes decided to purchase it. I had told them that I would representing the sellers, and so they said they knew of a friend who coudl assist them. Fine... It was like pulling teeth. Nice lady but no real clue in getting things done.. 

May 12, 2012 03:21 AM #3
Rainmaker
1,006,435
James Dray
Wise Custom Realty - Bentonville, AR
AR., MO., or OK. I can find the home for you.

Morning Conrad I've been told that also I've got a friend etc excuse.  If you do why are you calling me?  Enjoy the day

May 12, 2012 03:22 AM #4
Rainmaker
1,092,022
Conrad Allen
Re/Max Professional Associates - Webster, MA
Webster, Ma, Realtor

They usually don't last long Wallace.

Its awful when you have to do all the work for half the fee Gay but it happens.

Good question James.

May 12, 2012 03:26 AM #5
Rainmaker
983,856
Joe Petrowsky
Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709 - Manchester, CT
Your Mortgage Consultant for Life

Making, for most people the biggest investment in their lives should never inolve a part time anything, especially as complex as things are today.

May 12, 2012 03:27 AM #6
Rainmaker
251,017
Cherry Wings Realty
Cherry Wings Realty - Traverse City, MI
Your Traverse City Michigan Realtor

I completely agree.  Our markets are too volitile not to have someone on your side that does it for a living.  Friends who work at real estate part time do not make the best Reatlors.

May 12, 2012 03:33 AM #7
Ambassador
1,653,027
Fernando Herboso - Broker for Maxus Realty Group
Maxus Realty Group - Broker 301-246-0001 - Gaithersburg, MD
301-246-0001 Serving Maryland, DC and Northern VA

Many people make this mistake to later break the relatisioship and start all over again. .

May 12, 2012 03:44 AM #8
Rainmaker
1,703,553
Dorie Dillard
Coldwell Banker United Realtors - Austin, TX
Realtor-Canyon Creek- NW, Austin TX Homes For Sale

Good morning Conrad,

When asked this question I always ask:"would you like your taxes prepared by a part time accountant? If you needed legal representation would you go to a part time attorney? If you need to see a doctor would you go to a part time doctor?.....it applies to any field..if you have a choice isn't the very least you want is a person actively engaged in their profession full time? If you have a choice don't you want the best?"

May 12, 2012 04:07 AM #9
Rainmaker
758,878
Carol Zingone
Berkshire Hathaway Home Services Florida Network Realty - Jacksonville Beach, FL
Global Realtor Based in Jax Beach, FL

Conrad, I agree.  I would add it's tough to be a professional at times with someone you have a personal relationship with; many times the lines get blurred, and someone is left unhappy with the results.

May 12, 2012 04:15 AM #10
Rainmaker
1,092,022
Conrad Allen
Re/Max Professional Associates - Webster, MA
Webster, Ma, Realtor

Very true Joe.

They sure don't Christine.

They wind up selling for less in the end Fernando.

Great points Dorrie.  Only the best need apply.

It sure is Carol.

 

May 12, 2012 04:34 AM #11
Rainmaker
925,288
Wayne Martin
Michael Saunders & Company - Sarasota, FL
Sales Manager - New Homes & Condominiums Division

Would you rely on a part time doctor? Would you want to represented in court by a part time lawyer? Would you want a part time stockbroker? Then, why is it OK to use a part time Realtor? Nuff said!!

May 12, 2012 04:45 AM #12
Rainmaker
1,510,374
Roger D. Mucci
Shaken...with a Twist 216.633.2092 - Euclid, OH
Lets shake things up at your home today!

Ah, the age old question.............probably best not to go with the part timer friend or relative.

May 12, 2012 05:56 AM #13
Rainmaker
1,092,022
Conrad Allen
Re/Max Professional Associates - Webster, MA
Webster, Ma, Realtor

Nobody would Wayne and they shouldn't with real estate sales.

Not at all Roger.  You never rent to friends or relatives.

May 12, 2012 04:49 PM #14
Ambassador
1,040,354
Bob Crane
Woodland Management Service - Stevens Point, WI
Forestland Experts! 715-204-9663

If somebody asked me that question, I would ask them about the quality of their friend as a real estate agent, are they full time and serious about their profession, if not then get a real agent, and keep your friend as a friend rather than as the agent who wasted their time and money.

May 12, 2012 07:35 PM #15
Rainmaker
1,092,022
Conrad Allen
Re/Max Professional Associates - Webster, MA
Webster, Ma, Realtor

Great questions Bob

May 13, 2012 03:35 AM #16
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Conrad Allen

Webster, Ma, Realtor
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