You maybe willing to tell your client to ignore the code of ethics, but I’m not!

Real Estate Broker/Owner with Respect Realty LLC 200311024

Yesterday, I was called with a potential buyer for a condo in Beaverton and, of course, I jumped on the chance, since I didn’t even have to start the car to get to these condos. So, I walk over to the model unit and there was this very nice lady and herthreeyear old daughter there waiting for me.

I invite her in and start to ask the normal questions. Of course, the first one was, “Are you presently working with an agent?” Now, this person spoke very broken English, but she did say, “Yes, I have an agent and his name is _____”


OK, no problem. I finish up the showing and she asks about mortgages, so I ask, “Do you already have amortgage person?” She said, “Yes”. Then I told her “Feel free to use your own, just mention that this project does have a non-warrantable title at this time”

So, as we are walking out the door she asks “Can I bring my husband back later?” I said “Yes, but you will need to have your agent show you the property as he is representing you and I don’t want to step on any feet”

She leaves, and about 3 hours later, my wife says, “We were just passing the model unit and it looks like someone is over there, you may want to go check it out.” So, I head over once again, and who doI see? But this nice lady and someone who I thought was her agent. I say “Great, I’m glad she brought you and if you have any questions, don’t hesitate to call the listing agent, here is her number.”

That is when he says, “No, I’m her mortgage broker.” I replied,“Oh, that is a little unusual, I’m assuming her agent is on the way then?” He said, “No, can’t you show it to us?” I said, “Well, no, I’m a buyer’s agent on this project and as I told her earlier she needs to call her agent.”

He said, “Well, he isn’t here, maybe you can be her agent!” I said “WOW, NO. That isn’t a line I’m willing to cross. She really needs to call her agent as he is the one working with her and I really don’t appreciate you trying to under cut him.”

At that point, she called her agent and put him on the phone and I told him, “I’m sorry, this is your client. You really need to be here to show these to your client.” I handed the phone back to this very nice lady and just started to walk off, not even saying ‘bye to the mortgage broker. When I got home I put his card on my wall of shame.This is the wall of people in the business that I will never do business with because of reasons exactly like that.

Background photo courtesy of woodsy

So, if you are a mortgage broker, and your client has a working relationship with an agent, trying to cut him out of the loop isn’t the way to network with another agent. It just shows me what you will do behind my back, if given the chance.



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Trevor Elliott
RE/MAX Integrity - Salem, OR

Thank you. Sometimes it seems so easy but I always encourage buyers and sellers to be loyal. There is enough business out there for all of us.

Mar 05, 2009 07:26 AM #12
Shirley Parks
Sands Realty 210-414-0966 - San Antonio, TX
Broker, 210-414-0966, San Antonio TX Real Estate

Hi Todd, It is amazing what some people will do.  I like your "wall of shame."

Mar 05, 2009 07:59 AM #13
Liz Loadholt
Liz Loadholt- AgentOwned Realty- Covering SC - Mount Pleasant, SC
Realtor--Broker-in-charge - Trainer--Relocation Director Covering SC

Todd --- you are "my kind of Realtor" --- isn't it just amazing how some people will act.

Mama Liz's Signature

Mar 05, 2009 08:38 AM #14
Lyn Sims
RE/MAX Suburban - Schaumburg, IL
Schaumburg IL Area Real Estate

Your so nice calling it the wall of shame!  I have other words that I use for that list and the guys and gals that are on it.

Mar 05, 2009 10:47 AM #15
Leslie Stewart
Oregon Licensed Broker with Berkshire Hathaway HomeServices Real Estate Professionals - Stayton, OR
Realtor, ABR, CRS, Oregon Licensed Broker

Good Grief, some people's mortgage brokers?!?

Mar 05, 2009 11:07 AM #16
Tere Rottink
CoastalVa Realty Inc - Virginia Beach, VA

Todd:  I wish it was only mortgage brokers.  In this area if a buyer doesn't show up to a new construction site the first time with the agent, the listing agent will be happy to sell them a house.  Not all of them, but I have seen it happen more that I care to remember.

Mar 05, 2009 12:04 PM #17
Larry Bettag
Larry Bettag - Cherry Creek Mortgage - Saint Charles, IL
Regional Vice-President

tHE SNAKES ARE IN THE DEN DUDE...just too insane!

Mar 05, 2009 01:50 PM #18
Brian Burke
Kenna Real Estate - Lone Tree, CO
Broker & Advising Expert-Denver Luxury Real Estate

Todd - we were on the other end as well. We even had a home under contract with the buyer and next thing we know the buyers is pulling the plug, because of this that and the other. We found out that a lender had talked the buyer out of the house and working with another agent (getting a better deal) - yeah, right. We sent the buyer an invoice (defaulted on the contract). ~Rita

Mar 05, 2009 01:50 PM #19
Respect Realty LLC
Respect Realty LLC - Milwaukie, OR
Brokers - Oregon / SW Washington Real Estate

Jason - The wall seems to be getting bigger and bigger each day!

Fran - Sneaky Snake took my Root Beer!

Erica - Where were you when I needed you... That would have been a great idea.

Kathy - I don't consider this person a real estate professional!

Fred - I love Canada and my just retire there some day!

Mar 05, 2009 05:50 PM #20
Zane Coffin
Century-21 Homestar - Geneva, OH
(Geneva Ohio Real Estate Agent)

Todd you did the right thing ....that's a new one on me the mortgage broker showing up with the buyer...I like your wall of shame....I have a few of my own here I will not deal with myself....peace zane

Mar 05, 2009 11:23 PM #21
Peggy Wester
Realty Executives Integrity - Grafton, WI
Real Estate Agent Ozaukee & Washington County

Unbelievable. I just have to believe one day the actions of people such as this will catch up with them. Good for you for sticking to your guns!

Mar 06, 2009 04:47 AM #22
Alyse "Aly" Sands
Village Real Estate Services - Nashville, TN

I believe that the mortgage broker just wanted you to get them in the house so that he/she could get on with it and out of there.  They would have used the other agent to write the contract, anyway.  Either way, it wasn't right and ...why was he even there?

Mar 06, 2009 04:24 PM #23
Respect Realty LLC
Respect Realty LLC - Milwaukie, OR
Brokers - Oregon / SW Washington Real Estate

Steve - There is always another side to Karma and I hope this mortgage broker finds out what that is.

Kevin or Monica - It certainly did and I really am tempted to send that agent a copy of this article.

Susan - I agree, but my guess is he will never realize that he should be.

Zilkia - Wow, I would certainly never be calling that mortgage broker.

Mar 06, 2009 05:37 PM #24
Respect Realty LLC
Respect Realty LLC - Milwaukie, OR
Brokers - Oregon / SW Washington Real Estate

Tom - I was just amazed that he was saying this in front of his client like it was nothing.

Amy - I'm still thinking about sending this post to him after the transaction is done, so he knows exactly who he is dealing with.

Trevor - Yes, there is, but apparently this mortgage broker wanted to share more with me.

Mar 06, 2009 11:27 PM #25
Erica Ramus
Erica Ramus - Ramus Realty Group - Pottsville, PA - Pottsville, PA
MRE, Schuylkill County PA Real Estate

The look on that mortgage broker's face would have been priceless if you had handed the buyer another lender's card. Ha!

Mar 06, 2009 11:29 PM #26
Tom Boos
Sine & Monaghan Realtors, Real Living - Grosse Pointe Farms, MI
Providing the very best of service to Sellers and

Todd:  You handled this situation beautifully.  You can be proud of the fact that you took the moral and ethical "high ground".  I applaud you.

Mar 07, 2009 01:18 AM #27
Troy Erickson
Diverse Solutions Realty - Chandler, AZ
Your Chandler, Ahwatukee, and East Valley Realtor

Todd, I have seen this several times before, when I actually worked in the mortgage industry.  There were lenders back stabbing real estate agents all the time, as well as doing unethical things.  That was one of the main reasons I got out of the industry.  I did not want to be associated with a slimy unethical industry that has no regulation, no training, certification, or licensing required.  Anyone can become a lender, and look where the industry is today!  I know I still have to work with lenders now that I am an agent, but it's better than working as one.

Mar 07, 2009 04:58 AM #28
Respect Realty LLC
Respect Realty LLC - Milwaukie, OR
Brokers - Oregon / SW Washington Real Estate

Shirley - I seem to be setting up more and more of these lately. (ROFL)

Lyn - Hey, I'm a nice guy, so I think I will keep it clean.

Leslie - He certainly will never be mine!

Tere - New construction is very cut throat and they don't consider us competition, so they just don't care.

Mar 10, 2009 04:26 PM #29
Respect Realty LLC
Respect Realty LLC - Milwaukie, OR
Brokers - Oregon / SW Washington Real Estate

Larry - I certainly will never use that person!

Rita - Did you get paid?

Zane - I've never seen it myself at first I thought that was one impressive mortgage broker that would be there to help with the offer and financials, but then it went sour real quick.

Peggy - I'm hoping this other agent gets wind of what happened, because they need to get a new lender.

Mar 18, 2009 11:13 AM #30
Respect Realty LLC
Respect Realty LLC - Milwaukie, OR
Brokers - Oregon / SW Washington Real Estate

Village - I'm still not sure why he was there, but I think you are right. If I really wanted to press the issue, I would have said "Great, before we head in Mrs. Buyer, can you sign this buyer's agency agreement" that might have gotten him to change his tune real quick.

Erica - Oh, where were you when my brain was trying to figure out what to do in that situation.

Tom - I just do things like I want things done to me. Doesn't always work out, but I can sleep at night.


Troy - Where do you send you clients now or do you do both mortgages and sales now?

Mar 19, 2009 04:03 AM #31
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