Polyantha Rose

I just asked an AI why you would use an attorney like me as your real estate agent. Here is what it said.

The Smart Choice: Utilizing an Attorney as Your Real Estate Agent

​In the competitive world of real estate, making smart choices can be the key to success. And when it comes to buying or selling a property, using an attorney as your real estate agent can be the ultimate smart choice. While traditional real estate agents are trained to handle the buying and selling process, attorneys bring a unique set of skills and knowledge to the table that can provide you with invaluable guidance and protection.

One of the main advantages of utilizing an attorney as your real estate agent is their in-depth legal expertise. Real estate transactions involve complex contracts and legal documents that can be difficult to navigate on your own. By having an attorney by your side, you can rest assured that all the legal aspects of the transaction are being handled properly. From reviewing contracts to negotiating terms, an attorney can ensure that your rights and interests are protected throughout the entire process.

Another benefit of using an attorney as your agent is their ability to provide you with personalized advice and guidance. Their expertise can be particularly valuable when dealing with complicated situations, such as buying a distressed property or resolving title issues.

Lastly, an attorney acting as your real estate agent can be a valuable asset when it comes to negotiating. Attorneys are trained in the art of negotiation and can leverage their skills to get you the best possible deal. Whether you're buying or selling, they can help you navigate the negotiation process, ensuring that your interests are protected and that you achieve the most favorable terms.

In conclusion, utilizing an attorney as your real estate agent can be a smart choice that provides you with expert legal advice, personalized guidance, and skilled negotiation skills. While traditional real estate agents have their merits, using an attorney as your real estate agent can offer an extra layer of protection and peace of mind throughout your real estate journey.

So why settle for the average when you can have the exceptional? Choose an attorney as your real estate agent and make the smart choice.

SHOULD A REFERRING AGENT BE KEPT IN THE DARK OR INFORMED ALONG THE WAY AFTER MAKING A REFERRAL?

Real estate agents are licensed in each state in which they do business and agents often focus their practice within a certain geographical area. When a client seeks to do a real estate transaction out of that area, the client often is referred by an agent who knows or has worked with that client to a new agent in the area of the new transaction.

It is customary for the referring agent to receive a referral fee from the new agent receiving the referral. The referral fee may range from 15% to 50% of the receiving agent’s commission. This can be a lot of money, and some receiving agents pay over $100,000 in referral fees each year.

An agent recently posed a question in a Facebook group for agent referrals regarding whether a referring agent should be kept in the dark or informed along the way after making a referral. That post generated a heated discussion and was quickly taken down, but the question lingered with me.

I believe that the referring agent should be informed along the way and not kept in the dark after making a referral. Indeed, the referring agent should be made to feel like a member of the team, even though that person cannot perform any real estate activity requiring a license in a non-licensed state. This should be the default course of conduct unless the referring agent instructs otherwise.

>> Remaining Involved

There are good reasons why the referring agent should remain involved.

As the receiving agent, everything done likely is going to reflect back on the referring agent. The referring agent thus has an ongoing reputational interest in the referral, and this is especially true when the referring agent knows or has worked with the referred client.

Additionally, as the receiving agent, keeping the referring agent in the loop provides accountability that may otherwise be lacking. Indeed, a client probably will not know enough to hold the receiving agent accountable to do what the receiving agent should be doing.

>> Doing the Due Diligence

I also am bewildered by how many agents make referrals to someone based on that someone being recommended on Facebook simply as “the guy” or “the girl”.

Come on, is that really professional?

Due diligence needs to be done on the receiving agent, and an informed decision needs to be made by the client after the referring agent has provided the results obtained from the due diligence. An agent that merely passes along a client to a receiving agent without conducting due diligence on the receiving agent is just looking for a quick buck at the client’s expense and is not acting in the best interests of the client. It’s unprofessional.

Similarly, when commenting to a post that seeks a referral, a commenting agent can facilitate due diligence by providing something of relevance to the due diligence process. Being someone’s guy or girl—or even “boy”—simply isn’t relevant, and such terms can even be demeaning in today’s society.

>> Agents Should Do Better

Overall, both referring agents and receiving agents should do better with referrals. Clients deserve this.

*** Chad Dustin Tillman is a licensed attorney in North Caroline and practices intellectual property law at Tillman Wright, PLLC with a focus on patents and trademarks. Mr. Tillman also is a licensed broker in North Carolina and a licensed real estate agent (salesperson) in South Carolina, and he is affiliated with the real estate firm of Keller Williams Realty located in the Ballantyne area of Charlotte. The information provided herein is for informational purposes only and should not be deemed legal advice. Any opinions expressed herein are the personal opinions of Mr. Tillman and are not the opinions of either Tillman Wright, PLLC or Keller Williams Realty. ***

*** UPDATE: We are under contract as of March 10th. ***

We are excited to announce our first active listing with Keller Williams Realty. The house is meticulously kept with 6 bedrooms and a fully finished basement. It's located on the golf course in Piper Glen with great views of the 9th hole. The kitchen was remodeled with state of the art appliances. The house is at 6303 Seton House Lane, Charlotte, NC 28277.

Holley & Chad Tillman
https://www.polyantharose.com

Keller Williams Realty
Ballantyne Area, Charlotte NC
Canopy MLS 3828204