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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Anonymous #1
Anonymous
Anonymous
Great blog and great job. Keep up the good work and good luck to you this year. Thanks.
May 12, 2012 03:19 AM
Rainmaker
1,076,671
Wallace S. Gibson, CPM
LandlordWhisperer
Gibson Management Group, Ltd.

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
Rainmaker
444,038
Gay E. Rosen
Honest, Hardworking and always Professional!
Houlihan Lawrence

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
Rainmaker
946,743
James Dray
AR., MO., or OK. I can find the home for you.
Wise Custom Realty

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
Rainmaker
1,000,924
Conrad Allen
Webster, Ma, Realtor
Re/Max Professional Associates

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
Rainmaker
868,387
Joe Petrowsky
Your Mortgage Consultant for Life
Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709

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
Rainmaker
242,205
Cherry Wings Realty
Your Traverse City Michigan Realtor
Cherry Wings Realty

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
Ambassador
1,638,387
Fernando Herboso - Broker for Maxus Realty Group
301-246-0001 Serving Maryland, DC and Northern VA
Maxus Realty Group - Broker 301-246-0001

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

May 12, 2012 03:44 AM
Rainmaker
1,591,046
Dorie Dillard
Realtor-Canyon Creek- NW, Austin TX Homes For Sale
Coldwell Banker United Realtors

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
Rainmaker
747,784
Carol Zingone
Global Realtor Based in Jax Beach, FL
Berkshire Hathaway Home Services Florida Network Realty

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
Rainmaker
1,000,924
Conrad Allen
Webster, Ma, Realtor
Re/Max Professional Associates

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
Rainmaker
851,769
Wayne Martin
Sales Manager - New Homes & Condominiums Division
Michael Saunders & Company

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
Rainmaker
1,387,708
Roger D. Mucci
Lets shake things up at your home today!
Shaken...with a Twist 216.633.2092

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

May 12, 2012 05:56 AM
Rainmaker
1,000,924
Conrad Allen
Webster, Ma, Realtor
Re/Max Professional Associates

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
Ambassador
892,909
Bob Crane
Forestland Experts! 715-204-9663
Woodland Management Service

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
Rainmaker
1,000,924
Conrad Allen
Webster, Ma, Realtor
Re/Max Professional Associates

Great questions Bob

May 13, 2012 03:35 AM
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Rainmaker
1,000,924

Conrad Allen

Webster, Ma, Realtor
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