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@medicmike4906منذ 3 سنوات Most attorneys go to the same country club, enough said. 154
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@armandalikajمنذ 3 سنوات There are Realtors in the transaction business as there are Realtors in the relationship business.
Find one that practice the relationship building model and you will be fine. 84
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@juxhinmeminaj3446منذ 3 سنوات Information is key in business, you must hold it close to you, be vague when you need to be and be honest when it suits you. 5
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@scottsoriero8377منذ 3 سنوات Pat, I am a huge fan of yours. I am a retired firefighter from very busy city in NJ for 30 years. Had to retire due to injury. I became a realtor some id="hidden2" class="buttons"> time ago. Being a realtor allows me to do what I have always done and love doing and that is helping people. The word fiduciary is one that I take extremely seriously. I negotiate very strongly for my clients whether they are buyers , sellers or investors and protect their money, they trust me. I have very good relationships with other realtors, but make no mistake, business is business. I actually love a win scenario where both parties feel that things were fair and equal. That does not happen often but I do like it when it does. At the end of the day I have never and will never work behind my client's back with the other realtor to drive up a price or do anything underhanded. I took a personal oath to what is right and always do what is best for my clients'. Its what you do when no one is watching that defines a person's integrity. Not all of us are cut from the same mold. I love your channel and highly admire you Pat keep up the great work! ....وسعت 1
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@maryadams3087منذ 3 سنوات Patrick, that is an over-simplification. I have been a real estate agent since 2006. It is unethical and disloyal to team up with another realtor to get id="hidden3" class="buttons"> the most money out of the deal without considering the client to whom we each have a fiduciary duty to be their personal super star, not the interest of anyone else's pocketbook, including our own! Have I known agents who are unethical, yes, but they burn eventually themselves by their own behavior and their reputations precede them. Thank you for opening up dialogue about this topic and the many other conversations you bring to the table. Best Regards and Highest Respect, Mary Adams ....وسعت 2
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@jamesstanley4764منذ 3 سنوات Fellow 101 guy here. I love what you do and I am thankfull for your gift. Keep on goin !!! 2
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@rickypalaciosrealtyمنذ 3 سنوات As a Realtor in Las Vegas I can see your point. But there’s another version of this that doesn’t take current market condition into consideration. At some point, in my experience recently, yes we have conversations like that with the sellers agent for example but it’s to compete and win the home for the client not to increase our bottom line. Different markets create different strategies. If It takes me speaking with the listing agent like this to beat out 30+ offers for the same home after a month of viewing properties. I will have that conversation and make sure the deal goes through as a win for everybody. It’s all about creating win situations while building better relationships all around. ....وسعت 5
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@noelflores4389منذ 3 سنوات That happens in almost every business. But, being a real estate broker in Texas. Your client's best interest, is always paramount. ALWAYS. 10
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@michaeltruly3260منذ 3 سنوات I am in the industry this may be true in LA amongst the top producers. However, when you have many realtors in a city and not a top producer you can literally id="hidden5" class="buttons"> work over 10 years and not run into the same realtor you did a deal with before. ....وسعت 32
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@theguydudetyمنذ 3 سنوات Good stuff, I have to make myself just as Valuable in the long run for the realtor. Thank you starting to look for new home and my wife and I will be keeping this in mind 4
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@SuperSimpleRealEstateمنذ 3 سنوات Love this video Patrick! Thank you for making it and for making THIS realtor feel good man!
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@leoflores2874منذ 3 سنوات I have bought several homes. I am embarrassed to admit this never occurred to me but thankful you brought this up. Thanks! 2
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@LOVERGEIST777منذ 3 سنوات I love how diverse the content is that you put out 1
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@rajsonune5539منذ 3 سنوات Man you are real street smart,Respect,Salute, Love and Thank you very much for being our mentor
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@fred_buttsمنذ 3 سنوات Pat’s point is valid across MOST service industries, including the one he work in. Lawyers, Insurance companies, Realtors, Businesses of all sectors have people that operate with high ethical and moral standards, and those that operate with no ethics or moral standards. The key is to look for those people that share your values. If the real estate agent, lawyer, or insurance agent you are considering does not know and state his core values, odds are he is not operating from them. ....وسعت
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@OsbieCamacho509منذ 3 سنوات As a licensed realtor I practice a win model! Yes I want my buyers to win however in a competitive market some compromises may have to be made on the buyers id="hidden8" class="buttons"> side which I don’t have an issue relaying to the buyers of course! There are however a few agents I’ve done repeated business with who, if I throw an offer at them, I’ll tell them “throw me a bone bro”! Every agent has their fiduciary duties of course!
Great video Pat, I’m a huge fan of valuetainment & owe a hug portion of my success to your vids! ....وسعت
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@papipapanda1833منذ 3 سنوات I want to go into real estate. Gotta start studying! Great video, great channel. Thanks!
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@Mac_Raymondمنذ 3 سنوات I just bought another home and my agent was resistant to push and get the seller to make concessions. Found out today she joined the sellers agent's agency. Now I know why. 12
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@AndrewAkerمنذ 3 سنوات Nailed it again Pat. Looking forward to you guys coming back to Maui.
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@therodgersgroup5952منذ 3 سنوات @PatrickBetDavid - great points. It all boils down to working with someone with character & competence. An agent that has relationships in the marketplace id="hidden10" class="buttons"> can add value with market insights & professional working relationships with other agents. That doesn't matter if their actions aren't client-centered & rooted in honesty. I realized a long time ago that looking out for the best interests of clients may not pay off in the short term, but will ALWAYS pay off in the long term by serving clients best interests first! ....وسعت
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@nickvidsمنذ 3 سنوات Every Realtor is an agent but not every agent is a Realtor. 23
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@wellsking9426منذ 3 سنوات This is the most honest post I’ve seen since 2003. If this man speaks, listen.
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@felipe741منذ 3 سنوات This is good information. Pat is a king
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@brandonisgoneمنذ 3 سنوات One thing that has worked for me is letting my selling realtor have sole access to my property for 7 days. To get both sides of commission before putting id="hidden11" class="buttons"> on MLS. I've got a break on commission and super fast closing both times I did this. And of course got my asking or over. Maybe just my luck, but I think it works. ....وسعت 21
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@mandojoe8031منذ 3 سنوات Allow sellers to post their own property on zillo. Get your own photographer. Get an attorney to draft the contract. Remove the selling agent and buyer agent. big savings. 4
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@BusinessTipsWithYuliannaمنذ 3 سنوات So happy you posted this! This is definitely something that should be talked about a lot more. 2
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@donnaaddy7265منذ 3 سنوات If you’re in Florida you’re in good shape because Florida realtors are notorious for never calling the other realtor let alone their own customers. 9
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@JonathanSorunkeمنذ 3 سنوات This is so true! A lot of people forget that the realtors are going to work with other realtors more than with you so it’s in there best interest to make them happy. I like the solutions you proposed as well, just goes to show the importance of influence! Great video! ....وسعت 30
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@Pauloveskimمنذ 3 سنوات Everyone , EVERYONE , is in it for THEMSELVES . Everything is a show. 28
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@KodeStreetمنذ 3 سنوات Pat, as realtors, we have fiduciary obligations. Confidentiality is required. At least it’s the case for Maryland. It is true that there is an incentive to want to cooperate with another realtor. 19
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@ohno5718منذ 3 سنوات Just like getting a free public defender when you cant afford a lawyer. They are in cahoots with the prosecution attorneys and judges and will do what id="hidden15" class="buttons"> is good for their career and their relationship with the other attorneys. They dont care what happens to you as long as it doesnt hurt them. ....وسعت 16
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@douglasdoddtherecoverycoac3178منذ 3 سنوات Amen.
Realtor Doug for All Your Real Estate Needs
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@bulgarbulgar4024منذ 3 سنوات Patrick, you are providing valuable information and helping many. Thank you for your time and effort. Keep it up!! 3
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@asalaspayمنذ 3 سنوات I'm a Realtor in Socal and it would be nice if I could work with the same agents regularly, that way I would know what to expect from the transaction id="hidden16" class="buttons"> but that is not the case. Occasionally you do but most of the time is a different agent and a different firm. ....وسعت 2
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@andrewhernandez1275منذ 3 سنوات Pawn shops also do this, when you walk out of their shop,they call the guys down the street and let them know how much was offered,what the item is,etc. 1
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@danielprada6153منذ 3 سنوات Im a realtor and it is 100% point! Its just how businesses goes!
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@raulvilla942منذ 3 سنوات As a Realtor you have to protect your clients confidentiality and be fair and ethical all parties 26
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@szuberiمنذ 3 سنوات Pat, I always love your videos. Greetings and good wishes from Canada! 3
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@phillycrimestories30منذ 3 سنوات 100% true and I’m smart enough to know this but thank you for posting this
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@mahfewwمنذ 3 سنوات I'm waiting for the referrals portion - here in Kansas
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@sb731968منذ 3 سنوات Good stuff Pat, you write just like my doctor writes my prescriptions 7
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@PopoffMuzikمنذ 3 سنوات It's the same with Attorney's, D.A.'S, Judges and Police officers. It's a team game and us regular folk are the bait. 15
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@debk5325منذ 3 سنوات I love your podcasts. Thanks so much, knowledge is power. 2
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@DouglasLee9منذ 3 سنوات as a realtor, i see all the hate on realtors that come from bad experience. i can also say, that as a realtor ive been told by many customers ill be a id="hidden18" class="buttons"> big referrer only after the close they dont refer. they come back and purchase or sell via me but the referrals are few. ....وسعت 4
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@KRscienceمنذ 3 سنوات I was so naïve when I bought my house, and the realtor took advantage of it. It was my fault for not reading up better on the subject. Next time I buy, I will not be such an "easy" client. Realtors are like used car salesmen. They want you to close on a sale more than anything else. That is after all, how they get paid. The claim that they act in your best interest is bulls#!t. ....وسعت 10
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@alancoman4373منذ 3 سنوات Makes sense. Principal agent problem, when the realtors can solve their game by cooperating and messing the buyer and seller at the same time. I think it's time for a different paradigm in real estate transactions.
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@zach2733العام الماضي Maybe this is true in a small community with 3 agents but most of the time the agents barely know each other on top of that both agents won’t make enough of a difference to risk losing a deal. The vast majority of the time both agents are going to go bat for you because they want you to buy/sell the property and be happy with their job performance to refer you business. ....وسعت 1
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@michaellachancerealestateمنذ 3 سنوات Take care of people and everything else takes care of itself, every time!
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@ivanporsche2572منذ 3 سنوات I’m 18 and currently in the process of getting my Real Estate license here in Florida and this video helped cement my strategy to focus of repeat business and referral as opposed to milking one sale. Thanks Patrick, keep up the great content ....وسعت 17
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@MagicGate814منذ 3 سنوات You make a valid point. My guess is that not everyone goes house hunting or house buying on a regular basis to know realters are working together against you.
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@kevinrtodayمنذ 3 سنوات Great video Pat! Recommend making one from the lender stand point! 3
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@thethomasj1795منذ 3 سنوات The fiduciary relationship starts and ends representing the seller 10
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@twinworks1منذ 3 سنوات I’m not saying what you said isn’t common but there are good ethical realtors. I like to think that I’m one of them. I recently got a buyer a house and in this market in SoCal I got the house $15,000 under list. I didn’t know the other realtor but I talked to them and from my discussion I realized the seller was motivated. My buyer was willing to pay asking but I told him I’m pretty sure we can get it for less and we did. I could have just offered the higher asking price and made the extra commission but that’s not my job. When representing the buyer my job is to get them the best price possible. He didn’t have to promise me referrals for me to do my job. If I do a great job the referrals will come. ....وسعت
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@lailadavidsمنذ 3 سنوات I need your help . I just became one, and I am just Noooooot getting this maaaan. And I am not used to working with teams .
Please help me get id="hidden25" class="buttons"> motivated to stick with this , before I give up after working so hard and spending so much money to get hear.
By the way, I love your voice. I looked you up from listening to your VYBO video ,…. I was like , maaan I can really enjoy just listening to his videos because you’re very easy to listen to .
Super real, super genuine ....وسعت
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@ElectricBillSaverGoSolarمنذ 3 سنوات What about ethics, fiduciary duty to seller? In some parts is not even possible to disclose any info on price. But if they work too many times then they forget about that and that's when legal issues appear.
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@olukayodebalogun3402منذ 3 سنوات As a solicitator, you are probably right though many of us are objective and bound by the ethics of our profession but realtors are a different breed entirely. Thanks for a great content. 4
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@Norwalqueroمنذ 3 سنوات That's great advice Patrick. Unless, of course - like most of us schlubs - the only time we have occasion to interact professionally with realtors is when buying a house - maybe once or twice in a lifetime.
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@how2diy7منذ 3 سنوات Our policy is to never influence price for a buyer or a seller. Doing so opens you up to a lot of liability. A true transaction broker’s job is to bring a buyer and seller together and work to archive both of their goals.
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@ericgarcia5232منذ 3 سنوات Im a realtor from Houston this a great video
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@jrocket98منذ 3 سنوات I'm a Buddhist, Realtor in Rocky Point, Mexico a cute little town 75k on any given day. Thank you for putting this out there, I will always be 10 id="hidden30" class="buttons">0% transparent with my clients, showing them the step by step process. Most are lead by fear, which turns into faith once they start getting the motions down. ....وسعت
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@KHAN-gg3xbمنذ 3 سنوات Wow I never thought I would see this practice be put in a video lmao 2
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@mightymikereidمنذ 3 سنوات True about the Relationships. But the additional 500k commission means nothing if I lose the customer relationship or trust on future deals and referrals.
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@teachmeguitar4149منذ 3 سنوات Hey Pat how do you network and improve yourself when you have no friends, no family, no support network and 2 kids and a job that pays you enough to need id="hidden32" class="buttons"> it but not enough to make the time to find better work. As well as having no baby sitters or can afford day care? ....وسعت
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@12stnumbers95منذ 3 سنوات This is how lawyers decide on time for criminals at Panera Bread 6
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@ShadGotEmمنذ 3 سنوات Any other recommendations for DFW realtors?
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@mikem2937منذ 3 سنوات With all due respect Pat, you're right on a very small percentage. 1
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@MsMooncrashمنذ 3 سنوات this is a hard problem to combat. it's a silent problem and it is hard to detect that its actually occurring. very stressful for buyers in a sellers market.
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@darrynvanrooyen2629منذ 3 سنوات Being from a country where there is only 1 realtor in the mix representing the seller, its always weird to try and understand why 2 are needed in some places 1
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@olawaleadegoke3782منذ 3 سنوات Great job Patrick. Always get value from your videos.
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@joannhall3521منذ 3 سنوات It's a licensed industry. A good doctor became a doctor because they have interest in the well being of others. A good Realtor does the same. I've id="hidden35" class="buttons"> purchased many homes before becomming a Realtor 15 years ago. If you're going to be money drivin in the industry your not serving your clients well. The same goes for a doctor. Find a Realtor that loves their job, not one that's pulling all the numbers every year. ....وسعت 4
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@fieldrealtyمنذ 3 سنوات Way to rebound at the end.signed, eithical realtor
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@jackominty3633منذ 3 سنوات I am in no way connected to the business - I bought two properties in my life - but I firmly believe this:
(1) It's ONLY about volume of transitions. id="hidden36" class="buttons"> The seller's realtor doesn't care if it sells for 700K or 650K - if they can sell for 650K today or 700K probably someday soon - they will happily get you to sign for 650K - less if necessary/possible. They only need to know that you are prepared to accept that number.
(2) Effectively, EVERYONE is working for the buyer.
It's about moving on to the next deal. ....وسعت
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@JC-Financeمنذ 3 سنوات Just be cautious on who you work with because there’s going to be good and bad people in any industry especially if you’re dealing with transactions 3
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@cevinsrrealtor7836منذ 3 سنوات Right when I was going to close the video, he started talking to me Lol.