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Realty Agent Professionals Team

REALTOR RIDE EXPERIENCE OFFER FOR MS STAHL OF 60 MINUTES

By: Scott McClain
Monday, May 14, 2007 12:59 AM

Ever hear of the "Richard Petty Driving Experience"?  For those of you that haven't let me explain. You can go and either ride with a pro in a NASCAR style racing car or even drive it yourself.

 Well, Ms. Stahl of 60 Minutes....I would like to take you for a Realter Ride Driving Experience. So if you read this come along for a day..even two. HAHAHAHA  I'm betting you will wonder why 6% is all we charge.

 Man, oh man! What I wouldn't do to have that blond hang out with me for one day as I go prospecting. I'm betting if she ran that story (using hidden cameras so the sellers, (FSBO's, Expireds, Withdrawns, etc) are not even aware that there is some filming going on and they will treat me with the same disrespect that I would normally receive from 90% of the people I attempt to talk to during that day of prospecting) then, maybe, JUST MAYBE, someone would see why 6% is SQUAT.

Factor in the amount of hours (that Remax agent failed to mention that part)
The amount of gas it takes to run a Lexus ---sure wish I knew because I don't own one I own a 12 SPM (SPM = STATION per MILE) :) Jeep that I can hopefully fit Mr. & Mrs. Smith, Grandma Smith (Mom in law who has to be sure her daughter is getting the best house) Little Joey and Sarah Smith - who I have to buy candy, coke and other goodies for to keep them occupied (and then take my car to the detailers to get the "goodies" cleaned from the upholstery and carpet)
Cost of buying a new computer because I have to keep up with the online discounters and pay P2A for the wonderful hosting and features of my own website and without the new computer I can't even stay in business.
And I sure hope this day she spends with me happens on the same day that I have to pay my board dues! Yea, there goes 6% of my income! LOL
Then from the board we will drive over to the printer to have those wonderful flyers made up where she can watch me shell out $0.31 each for 1000 of them.
Then we will stop by the sign maker where I shell out another $160 for 25 open house signs because 14 of the last 25 I bought have mysteriously come up missing while I was doing that open house that I just spent $150 to advertise in the newspaper for one day (see my BLOG on the the OMG WHAT A DEAL and Homes and Land Magazine - which by the way if made a stop by to pay that bill would be a mere $700 for the month).
Then we stop by the office to stuff those flyers and stamp them which just cost us another $150 or so. Oh crap, we forgot to get the post cards for the Just Sold cards for that listing we finally were able to get sold because it was overpriced by a stubborn seller and it took us 8 months to move but we did because of that wonderful marketing that we have spent so much on. So we make a trip back to the printer and pick them up and then run over to the post office to drop them off, stamp and mail them which cost us how much? Another $75.00 or so?

Crap my day has just begun and I've already spent how much? Well who's counting? Certainly not the blond doing this interview and certainly not that (_|_) clown from REDFIN.

But now comes the fun part. It's about noon by now and we get to go out and get our daily dose of disrespect and hatred from the FSBO's and Expireds. So we head back to the gas station to load up the Jeep with gas...another $55.00. Can someone loan me a 50 spot? I'm runnin' outta money now! Oh, crap, I guess I can add it to that credit card? Can't I? Well, I guess I better. So that $55.00 just turned into that plus the interest. OH BOY this day is getting expensive.

So we go knock on that FSBO's door that we seen just before feeding the Jeep it's daily dose of my 6%. She answers the door and just as I'm starting to say my name she screams "Get the @#$%#& off my property I'm not listing with no #$%#%$ REALTOR!" to which we must smile and say "Thank you mam for your time and I'm sorry I've bothered you." while in our mind thinking "Thank you for treating me like a sub-human even though you don't even know that I'm the nicest guy in the world."

Now we get back in the Jeep and head over to that expired listing. Surely this will be better because this guy must like REALTORS, I mean, he's already listed with one before so at least I have a chance, right? Well, I get there and I knock on the door. No one home. GRR, so I leave $10.00 worth of materials at the door and make notes to contact them or return at a later date in my day planner that costs me about $20.00 -$30.00 each time I want a new one. Maybe I should just start using those $1.79 spiral notepads that teenagers use in school? Sure would let me keep more of my 6% right?

Oh crap, I forgot, I only get 3%...I have to give that agent who brought the buyer at least 3 don't I? Oh well, do I need gas again yet? No, I'm good.

Let's head over to this other expired and PRAY he had at least somewhat of a good agent and he's not in pure hatred of all REALTORS and I haven't caught him coming back from Home Depot purchasing that For Sale By Owner sign. I'm sure I could have given him one out of the many I've acquired from the FSBOs after returning to the FSBO's house that treated me like garbage the first 6 times I visited them and they have finally realized that trying to sell on their own just wasn't going to work and they ask me to replace their FSBO sign with mine and take theirs with me because they will never use a FSBO sign again.

So we start over to the next expired, which just happens to be going right by my Car Insurance Company which is due for the yearly beating I must take from them and I ask "Ms Stahl, do you mind if we make a quick stop here so I can sign up for my new insurance policy that is due?" So we go inside where my friendly insurance agent reminds me that even though I have a perfect driving record, the requirements that my broker states (not too mention the law ) for the amount of insurance I must have on my gas pig that my payments are going to be $250/Mth with a huge down payment as well. Man, I sure hope this next expired that I am about to visit is going to turn into a paycheck!

Ok, I won't take you other agents through the rest of this day in detail but it went something like this. I got to the next expired who also wasn't home and two more who decided they were going to stay put and not sell and I finally got to one that is willing to speak to me about listing their home and made the appointment.

So, Ms. Stahl and I drop by the local Office Depot where I needed to go to get those new drums and ink cartridges for my color laser printer that cost just over $1000 when I bought it and I would be lucky if I could off it on Ebay for $200 if I decided to quit this business and get a job at Waterhead-Mart as a door greeter.

So we spend another grand here at Office Depot but thank God for that Office Depot reward card where I will get a whopping 5% back on that grand that I just spent in Office Depot. That sure keeps a bit more of that 3% in my pocket.

We are headed back to the office when I get a call from my vendor of my 800 number stating they just tried to bill my credit card for my monthly bill and my card was declined. I assure them that if they do it again tomorrow --but make sure and do it early- they will be able to place the charge as I've reached my daily limit on that card and they just tried to bill me too late. To which they reply, "Do you have a different card we can bill?"...blah, blah blah...

...well, you know what I'm getting at.

By the end of this day that blond would be in tears. She would go on live TV and apologize for ever suggesting that we don't earn our keep and she show the world the math that most of us are probably making just around minimum wage and are just so smart that we have figured out how to use our money so wisely that we appear to be well to do. Wouldn't she?

Man, just "WRITING" this blog entry has made me depressed and tired...but I got an imaginary listing appointment so I think I will rest easy and get back to work with researching thoroughly how this home should be priced, look over my notes on the tour of the home to see what suggestions I need to make to stage it properly, post a blog here to get suggestions from you wonderful people on how I might deal with this unique situation I'm about to encounter and then prepare the paperwork for the listing along with my presentation and then print up it up right after I drop those $1000 worth of drums and ink cartridges into my printer.

It's midnight by now and I think I should check my email, respond to all those leads I got and maybe catch some ZZZZs before I have to get back up at 6:00 a.m.. The early bird gets the worm right?

Good day Ms. Stahl. I hope this Realtor Ride Experience has done you at least some good and you and the other media monkey's will get the $%##@ off our backs!

Sincerly,

 Scott McClain

Realty Agent Professionals Team

www.realtyagentpro.com

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Comments

Todd Clark
Member Since '06

Todd Clark said:

You go Scott! - I have the same Jeep - ROFL

May 13, 2007 11:37 PM
Becky Troutt
Member Since '05

Becky Troutt said:

Here is a place you can comment online about the story

http://www.cbsnews.com/stories/2007/05/11/60minutes/main2790865.shtml#ccmm

May 14, 2007 4:35 AM
Linda Reynolds
Member Since '05

Linda Reynolds said:

I agree, a true picture of all the work we do was not portrayed correctly on that show.  But then again, if it had been it wouldn't have been inticing enough for people to watch.  Bad Realtor, Bad Realtor is what sells papers, shows, etc.  Will we ever get past this??

May 14, 2007 5:29 AM
Lori McNutt
Member Since '06

Lori McNutt said:

Just another day in the life of a Realtor. Good post Scott!!

May 14, 2007 5:30 AM
Steven Burnett
Member Since '06

Steven Burnett said:

I can't believe I missed the show.  I even had a reminder set and forgot about it. ^&%$!

But here's one comment that I have been screaming about for at least a year:

"For realtors, the six percent commission is sacrosanct. It's remained in place, even as the price of homes has quadrupled over the past 25 years. But as correspondent Lesley Stahl reports, things are beginning to change. What happened to travel agents, stock brokers and book sellers – the encroachment of the Internet – is beginning to affect real estate agents. And the sacred six percent is under assault from online discounters."

Be prepared for online services to get more sophisticated with better information in the future.  It IS coming. That's all I'm going to say.

May 14, 2007 5:59 AM
Vicki Reynolds
Member Since '07

Vicki Reynolds said:

I don't know what you are all talking about!  Why, don't you work only two hours per day, stay home and play with your kids and dog, watch all the good shows on tv, and have secretaries to do all the work at the office?  

May 14, 2007 6:04 AM
Phil Rotondo
Member Since '04

Phil Rotondo said:

...It looks like "that blond" (pretty tacky) got the exact response she was looking for.  And it must be gauling that "that blond" gets paid for what she does, huh?

Cheer up..."that blond" does not do any commentaries on our next job....a greeter at Walmart.

May 14, 2007 6:22 AM
Gloria Losie
Member Since '06

Gloria Losie said:

Becky:

Thank you for giving us the address that we can comment on the interview.  It is great to vent, but let's all write in via email.  

May 14, 2007 7:17 AM
Tracy Oreus
Member Since '03

Tracy Oreus said:

Thank you for taking Ms. Stahl on that Realtor reality ride.

May 14, 2007 7:19 AM
Scott McClain
Member Since '06

Scott McClain said:

Phil,

I'm glad you noticed that "that blond" was "pretty tacky". It was meant to be tacky. Just as tacky as that half written interview that was done.

It's my way of saying that the name is not worth mentioning anymore. i.e. She was dead wrong in that interview.

By the way is her Manhattan condo or some investment property being sold by ...and I'm going to purposely mispell the word here because I'm not giving them anymore attention on Google, Yahoo or MSN than necessary....Fedrin?

May 14, 2007 7:19 AM
Lonn Dugan
Member Since '05

Lonn Dugan said:

Scott:  

For Scott, and everyone...  I understand.  

I know what this business is like, as does every one here.  

BUT....

We must vent in private and hold our head high in public.

May 14, 2007 7:45 AM
Saari and Barrineau Real Estate Team
Member Since '06

Saari and Barrineau Real Estate Team said:

What bothered me the most was the short haired blond who worked at "Fedrin" stated that she made this BIG commission from an online buyer who already found the home and only worked 4 hours." She felt guilty and felt the rest of us should feel the same way!"  That is rarely the case and our services as full service REALTORS is never a 4 hour job.  She failed to mention that the easily part of home buying is finding the home.  We do a great job narrowing down the choices an listening to our clients needs and because of all the hard work listing agents do to market their listings( complete descriptions, photos, visual tours)--makes it easily for home buyers to quickly look at our MLS database on line and find a home.) the rest of the work is what we really get paid for--- Negotiating the best price for a win-win solution, explaining the process (expectations), understanding closing costs,  guidance on inspections, finding insurance...difficult on the coast, getting the best mortgage,  how to shop for a mortgage, finding an attorney or closing office, compliance to disclosure laws,  etc and the rest of the 200+ activities we do on every transaction.  The REMAX agent failed to mention all this and poorly defended our VALUE to the public as REALTORS.  

May 14, 2007 8:01 AM
Phil Rotondo
Member Since '04

Phil Rotondo said:

Lonn;

"Silence is one of the hardest arguments to refute."

I can hold my head up high in public without biting my tongue.

May 14, 2007 8:19 AM
Mary Welch
Member Since '04

Mary Welch said:

Ok, this is my take like I responded in another blog. Plastic will always be cheaper than gold. We all know how we work and we have now seen how Redfern works. Big deal. Are you really worried about that kind of competition? I think not.

That is there business model. In our great country people can start businesses every day. This will not change the way I do business nor will it impact on me at all.

This 30 minute story was not about how Redfern does business versus how the traditional real estate agent works. It was biased towards what the story was about. I don't think it made them look good, it made them look cheap. Let them deal with that. I'm good.

Now let's get out there and work-it's business as usual.......

May 14, 2007 8:25 AM
Belinda Walker
Member Since '06

Belinda Walker said:

I was just glad to see MY beautiful city on TV :)!!!  I (heart) Seattle!

Bee

May 14, 2007 8:49 AM
Brian Kennedy
Member Since '07

Brian Kennedy said:

Scott -

Everyone here did a sports wave in your honor....

Amen brother! A-men!

May 14, 2007 9:18 AM
Klaus Nicholson
Member Since '07

Klaus Nicholson said:

Ok, everybody pile on LS.  I didn't see the show, from the posts I'm getting the impression that it was about internet companies and not too terribly disparaging to realtors. (fedrin) has gotten a great deal of press everywhere,  somebody there is very good at PR and Promotion. Don't allow them more exposure by keeping their names alive in your posts.

Belinda, I love Seattle, I grew up there during the construction of the Worlds Fair. In the early 80's I almost took a job at komo news, the birth of my son made it easier to stay in the south.

Phil, you are a wise man.  There is absolutely nothing that will change my opinion or my clients opinions of myself or my job.

Good Luck all.  Go out and prove em wrong!

Realtor, Columbus Ga

May 14, 2007 9:42 AM
Candice A Donofrio
Member Since '07

Candice A Donofrio said:

ROFL Scott! Someone post his blog to that site and let me know when the air date is so I can make sure I'm near a TV  ;)

May 14, 2007 10:17 AM
Belinda Walker
Member Since '06

Belinda Walker said:

Klaus - I love Columbus, GA, too, even if my ex-husband lives there :).  I always enjoyed it when I visited in the 80's.

May 14, 2007 11:08 AM
Candice A Donofrio
Member Since '07

Candice A Donofrio said:

http://www.cbs.com/info/user_services/fb_global_form.shtml

Here's the feedback form to tell CBS what you think of the 60 Minutes segment.

I told them I wondered if I could get a break on my cable bill by having their station removed from the menu.  ;)

May 14, 2007 6:08 PM
Cheryl  Frei
Member Since '06

Cheryl Frei said:

Scott, Thank You! I know "60 min. CBS" did not have the true picture...My husband came off the chair when he heard it, why? he see what I do as a Realtor with the sellers and buyers... How many "Saturday and Sunday" we miss time with our family to do open house for the seller, so the buyers can see the home? Oh, the list can go on...How many time we miss dinner cause a buyer ready to write a offer on the home...The list can go on.....

May 16, 2007 6:15 AM

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