OfflineHello DG Family,
A small deal was completed this past week. It, as all deals I am involved with, had some things happen. I am partnering with someone in San Diego, and he thought he could trust his agent, so while out of town, he called his agent on a lead a birddog gave him to put it under contract.
Instead of putting it under contract, the agent took advantage of the situation and listed the property and told the sellers their home only needed $20K of work. I came in with my buyer and the repair estimate came in at $45K. Because the agent had gone behind my partner and taken the listing and told them this info, they didn't believe the amount of work, and so the price wasn't too good, but my buyer bought it anyhow. There was really any room for a fee for us, but the agent got the commission. This is the kicker.
He took the commission and pd $2500 to the bird dog (who we had already talked to and said that she would get less on this one because of the situation and agreed to), and $1347.27 to my partner and said I didn't need to be paid because my role was insignificant. So, this guy who was only supposed to assist my partner
1. Took it upon himself to take the FSBO seller and represent them and take a listing.
2. Told them false information about the repairs needed.
3. Was the only one that got paid though his commission.
4. Did NOT represent my partner at all in the transaction.
5. Said my role bringing in the buyer was not important and told my partner I don't need to be paid.
6. Tried to buy off our birddog by paying her more and cutting me out.
7. Pd a small fee to the guy who trusted him to just get the contract for him while he was out of town because he felt somewhat guilty.
The gall of some people. The kicker? If the agent hadn't been involved, we could have easily gotten the contract for $25K less. My partner learned a really valuable lesson about circumvention and trust. But he got his first deal. And, luckily my buyer has integrity and paid me $1000 and has blackballed this agent Chris Sanders. Not a great payout, but at least its something. 
Tammy - that is incredible, ridiculous and horrible - all at the same time! I can't believe that Agent was ok with doing so much damage over 1 deal. The future deals he could have possibly had....gone! He probably doesn't realize it. You are a gem in this industry and would have been a valuable contact. This is definitely his LOSS! I'm happy you got something but am sorry that this happened at all. However, I really appreciate you sharing this experience because it's not "if" but "when" it could possibly happen to someone else.
You are the best! Keep moving forward!
Karen
KEEP MOVING FORWARD
"If it is important to you, you will find a way. If not, you'll find an excuse."
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You were so down the other day. It is sad that this happened, but you always seem to make some kind of turn-a-round. Like Karen said; you are so good at what you do, and looks like your agent came around afterall! I am guessing this is the same agent that was too mad to talk. Your reputation is still intact, but not so for the other agent!
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Wow! Is the first thing that comes to my mind Tammy. This is crazy, and just shows that we cannot trust everything. Hats off to you for going through with the deal, I believe many others would have pulled out. Your partner did in fact learn a very good lesson on the first deal. Always good to get those experiences out of the way in the beginning.
Congrats again!
Lenee
www.allstarhouses.com
~Act successful! And you'll draw it to you.~
~Every achievement, big or small, begins in your mind. It starts as a thought.~
^ Cannot trust everyone
Lenee
www.allstarhouses.com
~Act successful! And you'll draw it to you.~
~Every achievement, big or small, begins in your mind. It starts as a thought.~
Yes, this is unfortunately more of a typical thing that agents and that we run across in CA. My partner trusted this agent and learned quickly you can't always trust agents.
There are always learning experiences!