Skip ads and navigation
Advertising
Our network sites seattlepi.comHelp
Editor's note: This is a P-I Reader Blog. P-I Reader Blogs are not written or edited by the P-I. They are written by readers, for readers. The authors are solely responsible for content. If you see any posts you consider inappropriate, please send us a note at newmedia@seattlepi.com.
· Want to blog for the P-I?
Print thisE-mail this
Agent Target Practice--It's the Easy Way Out

Taking pot-shots at agents is easy and fun, don't you think? After all, real estate agents are an easy target. Don't the polls say that we rank lower than car salesmen in terms of public perception? I think there are a lot of reasons why that is the case, and in some cases we do deserve the bad rap we get. But I think this is a typical case of people wanting to curse the darkness rather than lighting their own candle.

We live in a society where people are not responsible or accountable for their actions. Everyone wants to be protected from the choices they make. What's happening in mortgages is a perfect example. Now there is talk of a government bailout because lenders took risks that ended up actually being RISKY. Homeowners bought homes they couldn't afford, and lenders are taking a bath on loans they never should have made.

And now, people want the government to bail them out. What ever happened to personal, professional or corporate responsibility?

The complaints I hear about real estate agents often make me wonder the same thing. I don't mind when those complaints are targeted at the individual but when the whole industry gets tarred with the same brush, I don't think its particularly helpful. Because we are no different than other industries--we have our good and bad apples.

You can argue that the ratio of bad to good is too high, but it doesn't really matter. All that really matters is YOU and YOUR experience. If you are going to work with an agent, you want to hire a good one. One that meets your needs--whatever those are.

How do you find an agent like that? Quite simply, you look until you find one. Interview and be selective. Referrals and personal connections are great, but it's still important to interview any professional you hire to provide services for you, in order to make sure that the person is on the same page with you, and that you understand/are on board with each other's expectations. The referral or personal connection should get the agent an interview--it shouldn't be the end of the hiring process. I get a lot of feedback from people who hired their friend Phyllis's cousin JoeBob because he seemed like a nice guy, but after the fact they lamented that he didn't do much to protect their interests. I think it's too bad when people have an experience like that, but it just cements my philosophy that who you hire is incredibly important. Especially with hundreds of thousands of dollars on the line, and in a market that could best be described as "shaky."

Some say our industry needs to be better about policing its own ranks. This is probably true, but no one can seem to figure out how that should happen or who, exactly, ought to be responsible. Is it the state's responsibility? Maybe to an extent, but how much money do taxpayers want to spend on that kind of thing? After all, we are already highly regulated and subject to The Law of Agency that spells out how we are to interact with the public. And what sort of protection ought the government to provide? Should they spell out exactly what services ought to be provided for what level of compensation, in order to ensure everyone is getting value for the dollar? Is this even possible? So far, the government of the State of Washington has determined that this is not its role.

Brokers should be more selective in their hiring practices, and only hire agents that will provide excellent service. Except, that is not how the business model of the typical real estate brokerage works. I kind of hope that will change in the future, but historically and up to today, the brokerage business model works when they have more agents in an office, rather than fewer. Profitability for a broker means more agents doing fewer transactions, given that after a certain level, agents start costing the brokerage more than the broker is getting in fees, splits, etc.

Through the MLS's and REALTOR associations, we also have another avenue for self-policing, but as MLS's mainly focus on helping competitors cooperate in order to sell listings, their enforcement efforts mainly center around how we work with each other rather than how we work with the public. And as for the REALTOR thing...it's a trade group. It requires REALTORS to operate via specific standards of practice but doesn't spell out exactly what a REALTOR has to do to earn their commission.

So who will protect the consumer? Well, I think it is really up to consumers to protect themselves. Recognize that when you have decided to work with an agent, you have hired a professional to provide a service for you. It is between you and that professional to determine exactly what that service (or services) will be. No one else--not the state, not the brokers, not the MLS and not the REALTOR association--can truly determine what that agent has to do for his paycheck. Only you the consumer have that power. And my suggestion to any consumer is to hold your agent responsible for providing the service you want.

But you still have to find such an agent. Agents are not all the same. Being a licensee or even being a REALTOR doesn't necessarily mean you would want to hire that person. Experience is a plus, but it isn't just a matter of the amount of time in business or number of transactions completed. What kind of experience are we talking about? Some people who have been in the industry for years are out there providing bad or very little service for the dollar. And some newer agents are out there doing a bang up job, working hard for their clients because they don't know any other way to do business. So, it kind of depends.

To me, the biggest part of what drives the service you will get has to do with an agent's work ethic and personality. Real estate is a strange business in lots of ways, but one of the ways it is most strange is that it's a sales career that requires a high degree of detail orientation and the ability to put the client's needs before your own. These qualities are not always compatible. But, if you want to have a good experience with your agent, you need to find someone in whom they coexist.

Consumers also need to figure out what they want from their agent. Demand excellence and full service if that is what you want--but realize, excellence usually doesn't work cheap.

If you want a different kind of experience, you can have that too. Even though I prefer to be a full-service agent, I do recognize that there is a place for the lower level of service and lower level of compensation. For some people who prefer to do most of the work themselves, working with a service like Redfin might make a lot of sense. You can even represent yourself, if you think that is in your best interest. The system we currently have does allow people to make these kinds of choices, and I think having choices is good for everyone.

For those who choose full service, the main concern is to make sure that you get what you are paying for. It's like when you decide to take a trip. Depending on where you want to go, you can choose first class, business class or coach. Lots of people prefer coach, others prefer flying first class. Some people choose what kind of service they want based on the type of trip--first class for more difficult international flights, coach for short trips down the coast. Yes, you can get a cheaper fare to London, but to some, it's worth paying the additional first class fare to ride in comfort and make sure that the details are someone else's problem.

Others don't care about service or comfort, they just want to get to their destination as quickly as possible, and for them, coach is fine. There is room for all these models. What there is not room for, is a supposedly full service agent that does not earn their paycheck. That would be like buying a first class ticket to London, and ending up riding in coach to Fresno. Not only do you not end up where you wanted to be, you didn't even get any champagne before take-off!

Ultimately, we deserve to get what we pay for--whatever that may be. But often it is up to us to make sure that happens.

Because here is the ugly truth: the real estate industry cannot adequately protect consumers from bad agents. I do not think it ever will be able to, any more than the medical profession can protect consumers against all bad doctors, or the teaching profession against bad teachers, or the hairdressing industry against bad hairdressers, or the donut profession against bad donut makers. In my opinion, there is nothing I hate more than a bad donut or a bad dye job, and that is why I believe that donut shops and hairdressers are not all the same. Neither are real estate agents.

And this is why consumers MUST be selective about who they hire.

Posted by at April 24, 2008 11:57 a.m.
Comments
#121416

Posted by Leanne Finlay at 4/24/08 2:33 p.m.

Nice article, Sandy!

There are many excellent real estate agents, and companies, and just like with any industry, there is no replacement for seasoned experience.

#121577

Posted by Kary L. Krismer at 4/24/08 9:10 p.m.

Somehow this thread reminds me of a thread I started in the Agents section of Zillow last year. It was entitled:

Let's Complain About Professions We Know Nothing About!

It read as follows:

The ignorance of some of the consumers on this board is rather amazing, so I thought we should turn the tables. Let's complain about other professions--ones we know nothing about!

I'll start it off by complaining about Information Technology (IT) people.

First, I'd say they're just glorified mechanics, but I wouldn't want to insult mechanics, who do real work. All they do is keep things running, but the reason things don't usually run right is because of their own mistakes. It's a self-perpetuating job!

Second, they're incredibly ignorant and lazy. They don't know basic things about products, and they try to keep you from upgrading to newer versions because they're too lazy to learn about the new products. "Wait until SP1" is their mantra, not because the products are bad when released, but instead because they're too lazy to learn about them.

Third, they're too highly paid, and that's because of the first and second parts. If it wasn't for all the mistakes they make, and their own ignorance of products, computer systems would run smooth and there'd be little demand for IT people. But so few of them have a clue about what they're doing, it makes a lot more work. Look how many systems get taken down, run by IT people, due to simple security errors. How hard is it to download patches in a timely manner?

If there's ever a profession that should have licensing, it's IT people. The licensing tests should test not only their knowledge, but also their competence, because most of them are totally lacking in both areas.

There--now isn't that fun! :-D

#121591

Posted by sandykaduce at 4/24/08 9:33 p.m.

Kary--I used to work in IT consulting. People would hire our consultants to come in and tell them what was wrong with their business, usually the problem was that they hadn't hired enough of our consultants.

Anyway, that's too funny.

#121596

Posted by Kary L. Krismer at 4/24/08 9:46 p.m.

Sounds like you worked with Dogbert. ;-)

#121715

Posted by Mack McCoy at 4/25/08 8:55 a.m.

Well, I sort of disagree.

Something like seventy-five percent of the residential real estate transactions nationwide involve a real estate licensee, which is a demonstration of people voting with their feet. That isn't to say that if things were to change - anywhere - that more or less people would continue to use real estate professionals.

I liken real estate licensees to ballplayers. It is believed by the general public that the quality of real estate licensee can be represented by a bell curve, that there are sucky and great ones on the fringes, and the bulk are mediocre.

But instead, it's the right end of a distribution curve. There is a transitional phase where there are some non-licensees on the far right end, blending in with the professionals, of course. Builders can often rank at the extreme right end of the curve as far as real estate expertise goes.

And, of course, there are other non-professionals who, because of their other professional activities, acquire enough knowledge and experience to rank higher than many licensees - again, at the far right side of the curve.

Now, folks, that's just the way it is. You don't get to the far end of the curve by reading Scott+Dupre or the monthly MLS stats. And it certainly doesn't disqualify you from going it alone without an agent.

In my experience, one of the biggest problems "consumers" have with real estate agents is that they're mismatched. They talk to an investment specialist when they're trying to find a great place to live, or they're talking to a warm-and-fuzzy lifestyle specialist when they're trying to make something pencil. Or, they just don't "click" with the agent at the open house, like a recent poster reported.

The number of actual complaints against real estate agents, nationwide, is amazingly small. Sure, you say, the Man doesn't want to rock the boat; or, Things Go Wrong but It's Not Worth It To Sue. Uh huh.

There are always people who want to Do It Themselves. My feeling is, Go Ahead. But do yourself a favor, and give yourself an honest evaluation as to where you fall on the distribution curve. Having read a book on hitting doesn't make you a big leaguer.

#121863

Posted by davelosh at 4/25/08 3:59 p.m.

Did I mention that wwww.seattlebubble is the place for news, information, and data concerning Real Estate matters?

If you are looking for Real Estate information www.seattlebubble.com has information you can actually use.

#121874

Posted by Kary L. Krismer at 4/25/08 4:34 p.m.

Dave, I suspect everyone here knows about Seattle Bubble.

#122039

Posted by Mack McCoy at 4/26/08 7:01 a.m.

It's the place. Amateur alley.

Lookit: I really don't have anything against those guys; but I think when you're proclaiming yourself to be a news and information center for residential real estate in a market where homes are priced in the hundreds of thousands of dollars, maybe you owe your readership the benefit of your spending the $150 or whatever to Cain + Scott instead of crying, "it cost too much to keep informed."

But, that's just me.

#123188

Posted by synthetik at 4/29/08 4:18 p.m.

Love you guys.

If you can't stand the heat, you just turn off the comments.

Very professional.

#123189

Posted by Eleua at 4/29/08 4:33 p.m.

Believe it or not, I'm actually on your side in these matters. I want you to sell RE at inflated prices.

Yes, you read that correctly.

Just don't call it an investment. I guess old habits die hard and I can't pass up a raging torrent of Bravo-Sierra without pointing it out.

Each transaction has two sides, and we have homeowners that need out of their overpriced debt-traps. Any person that is buying a home for investment purposes today deserves what he gets. The MSM is starting to "get it," so there is a reduced need to warn people.

When I read your stuff, I'll just take a deep breath and remind myself that you are performing a vital public service.

Having sympathies that align with buyers is just a habit that refuses to die. Homeowners need relief.

Get out there and make this a whopper of a Spring selling season! GO SEATTLE! YOU ARE SPECIAL!

#123199

Posted by Dugald Allen at 4/29/08 5:30 p.m.

You know, I don't have a lot of time on my hands to cruise the blogs, but I'm at a vacant house while the furnace guy replaces the heat exchanger (second time in 4 years on this furnace - bad installation!!!)and I just went over to Seattle Bubble and noticed that DL is getting a similar treatment there... hmmmm...

Eleua: I'm probably behind the times... "MSM"?

#123204

Posted by synthetik at 4/29/08 5:52 p.m.

Mainsteam Media. What you are.

#123209

Posted by Dugald Allen at 4/29/08 6:04 p.m.

Oh, if you only knew how NOT mainstream I am!

:)

#123235

Posted by Mack McCoy at 4/29/08 8:43 p.m.

Real estate agents may not get the highest ratings, but the funny thing is that the overwhelming majority of people who engage in a real estate purchase or sale use one. Residential, commercial, industrial, business opportunities - people use licensed real estate brokers and agents.

Like it or not, real estate is a mainstream issue for affluent members of the Western world. As such, it is the responsibility of adults like real estate professionals to treat the topic in a mature, grown-up matter.

Not only that, but the Seattle Post-Intelligencer is, by any definition, Mainstream Media. This blog is certainly part of the Mainstream Media, and
if your objective is to disrupt this forum in some show of counter-cultural protest, you are pitifully misdirected.

! Login below to post a comment.

Registered users, log in here
E-mail 
Password 
Remember me
 HELP! I forget my password

Unregistered users, sign up now

BLOGGER BIOS
photo
Christopher Braxtan: Licensed Realtor
photo
Chuck Marunde: Broker, attorney
photo
David Paul Williams (The Williams Lawfirm): lawyer
photo
Debra Sinick: Realtor
photo
Dugald Allen: Realtor, investor
photo
geordie_romer (Geordie Romer): Realtor
photo
Greg Perry: Licensed Realtor
photo
gregory.wharton (Gregory Wharton, AIA): architect, developer
photo
Joy Canova: Realtor, associate broker
photo
Kary L. Krismer (Kary Krismer): Licensed Realtor, retired attorney
photo
Larry K Cragun (Larry Cragun): Agent
photo
Leanne Finlay: Real estate agent
photo
Mack McCoy: Realtor
photo
Marlow Harris: licensed Realtor; blog moderator
photo
sandykaduce (Sandy Kaduce): Licensed real estate agent
photo
Susan Ryan: Realtor, home remodeler
ARCHIVES
July 2008
SMTWTFS
    12345
6789101112
13141516171819
20212223242526
2728293031   
Browse by month
Browse by category
Browse by author

Recent entries
· Agents need to get back to the art of negotiation and personal presentations.
· What do you say to the BIG BUTS?
· No Cure for the Summertime Blues
· Distressed Property Law Repeal?
· The Post American World?
· Seattle's Eastside 2nd Quarter Real Estate Statistics
· Bye Bye CAO, Hello Property Rights In King County
· When Will The Seattle Housing Bubble Burst?

Search this blog

RSS/Web feeds (help)
RSS 2.0RSS 1.0Atom
Headlines for your site

LINKS

Local real estate blogs
· 360Digest.com
· The Seattle Real Estate Blog
· Beau Betts Blog
· Rain City Guide
· Realty Objectives
· bark bark blog
· Waterfront Real Estate
· Snohomish County Real Estate Blog
· 425realty.com
· North Sound Property News
· Issaquah Undressed
· Leavenworth Real Estate Blog
· Eastside Real Estate Buzz
· Snoqualmie Pass Undressed

Local real estate sites
· Seattle Dream Homes
· Capitol Hill Neighbors
· BraxtanRE.com
· Urban Living Seattle
· Beau Betts Real Estate
· Northwest Homes
· SeattleHouseHound.com
· Susan Ryan
· Snohomish County Real Estate
· Waterfront Real Estate
· SandyKaduce.com
· Leavenworth Real Estate
· Issaquah Highlands Undressed
· debrasinick.com
· Northwest Modern Homes
· Northwest Green Living
· Seattle Dream Living
· Seattle Urban Condo
· Dugald Allen

National real estate
· Unusual Life
· Grow-a-Brain
· Real Estate Undressed
· Neighborhoods Undressed
· Bloodhound Blog

Resources
· Industry Blogs
· Real Estate Blogs
· Real Blogging
· Estately
· Seattle Neighborhood Guide
· Active Rain

Seattle Links
· Studio Meng Strazzara
· Seattle Blogmob
· Seattle Twist

Most recent posts
· Over the Shoulder!: Shane Sparks talks about Dance Crews
· Whidbey Island Life: Window on Whidbey : Belly up to the beans, girls!
· Videoblogging 206: Summer Fest: Rina Thi Talks To WILD Youth Manager and Educator

*Would you like to blog for us?

ADVERTISING
Advertising

Seattle Post-Intelligencer
101 Elliott Ave. W.
Seattle, WA 98119
(206) 448-8000

Home Delivery: (206) 464-2121 or (800) 542-0820
seattlepi.com serves about 1.7 million unique visitors
and 30 million page views each month.

Send comments to newmedia@seattlepi.com
Send investigative tips to iteam@seattlepi.com
©1996-2007 Seattle Post-Intelligencer
Terms of Use/Privacy Policy

Hearst Newspapers