News   Dec 10, 2019
 197     1 
News   Dec 10, 2019
 330     0 
News   Dec 10, 2019
 395     0 

Top five signs of a bad real estate agent

TOphotog

New Member
Member Bio
Joined
Jan 26, 2013
Messages
82
Reaction score
6
Location
Toronto
In my own personal dealings with a lot of 'teams', usually the homeowner only sees the top of the team at the listing presentation and then never again. After that, it's the underlings who handle things. One even sent a brand new agent to deal with the offer negotiations (I had to teach her what Ontario laws were as she had just moved to Ontario from BC), she wasn't skilled at handling the sellers (they spent over an hour discussing the chandelier that WAS INCLUDED in the listing!) and she certainly didn't know the paperwork process. Throughout the closing of the deal, the team members were calling each other looking for documents, the left hand never knew what the right hand was doing, etc. Using an agent who works on their own means they are reachable, they have all the documentation in one place, they know all aspects about the listing/deal and they know the status of it all along the way. Also, a lot of those 'teams' are made up of one agent, the deal secretary (who every one else at the office uses), and the front desk secretary (again, who everyone else at the office uses) so there is, in fact, no 'team', just an agent who says they have a 'team'.
 

TOphotog

New Member
Member Bio
Joined
Jan 26, 2013
Messages
82
Reaction score
6
Location
Toronto
If they come onto a real estate forum, in a serious discussion about the qualities of a good vs bad agent, and they discuss farting, that just might be another sign....
EDIT: ahhh, I see he has now removed that comment from his post. Good idea!
 
Last edited:

Shiny

New Member
Member Bio
Joined
Dec 2, 2015
Messages
23
Reaction score
0
A few other signals of bad agents
  • poor knowledge of the area
  • poor negotiation skills
  • poor listening skills to understand the buyer/seller's interests
 

uto123

Active Member
Member Bio
Joined
May 18, 2015
Messages
120
Reaction score
12
Too bad I missed this thread before I first tried buying a house otherwise I would've stopped working with my realtor earlier.
I eventually got fed up of their incompetence and spent months educating myself and ended up buying a home without a realtor.

I had a very poor impression of realtors, but after I started working by myself with listing agents, I found that you can't really paint them all of the same brush.
Some listing agents I spoke to were really pushy and tried to work as my buying agent when they found out I wasn't using a realtor.
 

Moki Wilson

New Member
Member Bio
Joined
May 4, 2017
Messages
3
Reaction score
0
The link doesnt work anymore but most of this is still valid. Id also argue that an important deciding factor is the realtors website. If it looks very dated and doesnt show the realtors listings, you know youve got someone who doesnt take their job seriously.
 

Ex-Montreal Girl

Active Member
Member Bio
Joined
May 15, 2012
Messages
871
Reaction score
190
Location
Toronto, ON
Utter ignorance of condo law, condo declarations, bylaws, rules, status certificates, reno policies etc. "Oh sure, you can tear down that wall. No problem."

We have also had agents selling suites who give fobs to open house prospects -- strangers off the street!!! -- to our amenities. "Oh sure, go and check out the change rooms." Now we have totally cracked down and they don't like it.

With so many condos being bought and sold, I suspect that they now form the bulk of the RE biz, at least here in the GTA. RE agents had better learn their stuff.

Oh and buyers ought to not use their cousin Ralph the immigration lawyer to seal the deal. Get a condo specialist!
 

NorthWill

New Member
Member Bio
Joined
Apr 27, 2017
Messages
21
Reaction score
8
As a uni student who is interested in the prospect of becoming a realtor I find threads like these helpful.

One thing I'm curious about is how real estate agents consistently gain new knowledge about the market. Wether it be reading Globe & Mail articles such as the one posted, to maybe following a realty blog. I'd really like to know the best sources of info you guys use to stay up to date and ahead of the curve.

Ps. Sorry if I brought this thread a little off topic but I cannot post my own threads until I've made some posts. Also any kind of input is appreciated.
I would say to thoroughly read CMHC reports and statistics, as well as MLS statistics, also would be good to stay in touch with appraisers and follow land use planning decisions.

And to stand out, communicate, be able to communicate your marketing efforts and show that you are actually working to sell the listed property.
 

dracolnyte

Active Member
Member Bio
Joined
Jun 1, 2015
Messages
103
Reaction score
145
Poor math skills. One time I made an offer without a buying agent, and I was up against one other buyer who has an agent. The other person offered 10k more than I did, so the selling agent asked me to match. I was like why? even after commission and all, you and your seller still makes more from my offer due to reduced/shared commission. In the end, they went with the other offer even though I have broken down the math to them. The owner got shafted so hard lol
 

cdr108

Senior Member
Member Bio
Joined
Apr 22, 2008
Messages
4,664
Reaction score
19
Poor math skills. One time I made an offer without a buying agent, and I was up against one other buyer who has an agent. The other person offered 10k more than I did, so the selling agent asked me to match. I was like why? even after commission and all, you and your seller still makes more from my offer due to reduced/shared commission. In the end, they went with the other offer even though I have broken down the math to them. The owner got shafted so hard lol
i bet the agent was looking to double-end the commission from the seller.

was the other buyer's agent from the same r/e office?
 

Top