Gateway Realty Team: What Agents Should Disclose?

What Agents Should Disclose?


I have spent the last several months really going over from what I have been hearing from my clients on our initial meetings. After a while what you hear does not come as shocking. Their are a lot of people who do not see a value in a Real Estate Professional nor do they think we are honest people. 

As a young business owner this is something I am constantly analyzing for the simple reason I want to do whats right for the customer. Having the belief that anyone can make a difference one person at a time and we can all do our part to change the view that some have of us Real Estate Professionals. But the real question is why do people have this view of Realtors? If it were one or two people I could understand, in every walk of life there is always going to be something that people don't agree with. This on the other hand is overwhelming, and us in the industry have to look at why this is happening. 

Before we start pointing fingers at the consumers lets look in our own house and do some house cleaning first. I will be the first to say that all Realtors are not the same. Within my local market place their are over 6,000 Realtors. How many of those Realtors do you think actually know what they are dong? How many do they think are trained on what it takes to sell a home in today's market? How many of them actually are full time and are fully committed to the job at hand?

These last few questions is where I feel the perception arises form. Lets be serious now, if you were buying or selling your home what you want someone who is Full-Time or someone Part-Time? Or more importantly wouldn't you like to know which one it was prior to getting involved with the agent? This is where I feel the situation can be approached differently, the agents can disclose to their prospective clients what your commitment is to working with them. Instead of just making all Realtors seem the same. Don't get me wrong I don't see anything wrong with part time agents. I believe it is a great additional revenue. But be honest with your client and outline your time commitment to them and the job you are going to be hired for. Set realistic expectations. I would love to see agents stop taking listings which they do not know how to sell or nor have the time too. 

So my question is should Realtors have to disclose this information, wouldn't you want to share this with your clients? I believe all great relationships are built on trust and the realationships we have with our clients are no different. 

Please let me know what the rest of you agents think?

Comment balloon 4 commentsChirag Shah • November 24 2010 12:00AM


Someone told me that if a used car salesperson and an attorney had a love child it would be a real estate agent.. Though it was funny, it was slightly offensive because we mostly get compared to sleazy used car salespeople, mostly because there are some in this industry that give us a bad wrap. But we individually must make sure we are upholding ourselves as professionals that we do give our clients an honest homebuying experience that eventually we can break that bad reputation.

Posted by Stacey Smith, Your Orange County Beach Cities Realtor (Coldwell Banker) over 6 years ago

Chirag, I think it is important to continue to build the reputation of a professional Realtor by doing the best we can for people, Doing what we say we're going to do & being consistent.

If someone is working part time, YES, I believe they should disclose this to their client & be honest with the expectations.

Posted by Don Wixom, "Looking out for your next move..."tm (RE/MAX Advantage Nampa, ID) over 6 years ago

"But the real question is why do people have this view of Realtors?"

Shall we spend a short time listening to what realtors have said consistently? Perhaps that will shed some light on the subject.

"There has never been a better time to buy."

"Historically low interest rates make it a great time to buy."

How many agents (with NAR telling them to say it) have repeated this nonsense? We heard this in 2007, 2008, 2009, and now 2010.  I expect to hear it again in 2011.

"Buy now before you are priced out of the market." (bubble thinking) Was said often before the bubble burst.

 I could go on and on but it would make no difference. Look at the advertising done by NAR and local realtors. Look at the messages buyers have been sent. Look at how WRONG those messages were. Think about how many people listened, bought, and were seriously hurt financially by those messages. What do you expect people to remember and think when they see a realtor these days?

The truth is that real estate agents shot themselves in the foot and people will be a long time forgetting what they did over the past decade. Realtors decided to put themselves in a certain light and it is to late now to complain about the shadow that comes with that light you chose.

"all great relationships are built on trust and the realationships"... you see now are based on those advertising practices that built the bubble and finally caused the housing pain we have now. Sorry, as a group realtors did very bad things. Some agents are fantastic people who should be given a lot of respect. But the majority view (based on the actions and messages of a majority of realtors) taints all in the job,

Posted by Listened to what realtors said over many years. over 6 years ago

I think the root of the problem is that it's just TOO EASY to get a real estate license.... the requirements should be stiffer.

Posted by Cameron Novak, Featured Corona Real Estate Agent Team (The Homefinding Center) over 6 years ago