Don't Move in Before Recording!

Happy Friday Red Rock Agents,

It’s now February with little or no change in the market. It’s most definitely a CREATIVE time to be in the business. I have had some interesting conversations with agents that have been faced with some tough issues. It seems that some clients feel that our job is so easy that they shouldn’t pay us what we’re worth. Funny some agents out there feel the same way, not wanting to pay buyers’ agents. I want all of you to be aware that most agents have long memories. When this market changes (and it will) everyone’s income will fall, and agents will fail. Make sure that it’s not you. The best way I found to insure that is to KEEP YOUR EYE ON THE CLIENTS NEEDS and not your pocketbook. That is the best recipe for success.

Just a reminder. We never ever let buyers move in before the property records. Now I understand that the buyers have a moving truck parked outside the home and if they could just move things into the garage, it’s OK right? No, it’s NOT OK! I’ll share a story from my past. Early in my career a buyer asked if they could move in after settlement. Seller said yes and so they did, kind of. They took possession and went right in and pulled up carpet in two rooms and painted. Oh, and went out and purchased items for the home on credit. On Monday, the next workday the lender called and told them that they no longer qualified because of the loan they took out. To say that it was a mess is a total understatement. It cost me substantial money to make it right for the seller. Tuition that I paid for the lesson I learned still sends chills over me. Never, ever, have buyers move in before recording, please.

With the new rule NAR has put in place called “Clear Competition” it now prevents agents from marketing the property without it being on the MLS. I know that some agents out there have become CREATIVE to skirt this new rule. If we work together, we can prevent agents from dodging the rule, by turning them in. When this rule rolled out, we were kind of left in the dark due to the VIRUS. Now you know. Again, you can’t market in social media, place a sign on the property, or any other action that would be considered marketing if it’s not on the MLS.

I have been in this business for over 20 years and I need to tell all of you that I’m still learning. Here is a pop quiz. If a property has been issued a “Conditional Use Permit” in the past, will that transfer with the sale of the property? While you ponder that question, I want to remind everyone that this business is a moving target. With every question I get I’m reminded of that fact, and I do my best to give our agents the best information I can. So, back to the question will the permit pass with the sale? The answer is yes it will. Now, as soon I say that I will be faced with an exception to the rule. If it comes across your desk, please call so we can work through it together.

Lastly, I want to share with all of you one of the best parts of my position. We had a client of one of our agents take time to come in and express in person the outstanding job our agent did. I understand that all our agents have clients like this, that have had a great experience. I hear about it more often than you may think. I share that with the agent usually on a personal level. Today I want to express my gratitude to all of you, for the good work you do. It’s a breath of fresh air when I hear great reports about our agents doing great work. It makes me proud to wear the Red Rock badge and makes me proud of our agents. Make no bones about it the entire State knows about Red Rock Real Estate and the great work that all of you do. Thank you all, for that.

Please have a great weekend and be safe out there,