Comments on: Cultural Idiosyncrasies http://agbeat.com/editorials/real-estate/cultural-idiosyncrasies/ News, insights, tools, and inspiration for business owners and professionals Mon, 21 May 2012 04:53:16 +0000 hourly 1 http://wordpress.org/?v=3.3.2 By: ineshttp://agbeat.com/editorials/real-estate/cultural-idiosyncrasies/#comment-20112 ines Mon, 13 Oct 2008 02:37:58 +0000 http://agentgenius.com/?p=5564#comment-20112 Eric - you are absolutely right - same issues without having to cross International borders - but lesson is not to assume people know how it works and take the time to explain. Eric – you are absolutely right – same issues without having to cross International borders – but lesson is not to assume people know how it works and take the time to explain.

]]> By: Eric- New Orleans Condos and Loftshttp://agbeat.com/editorials/real-estate/cultural-idiosyncrasies/#comment-20106 Eric- New Orleans Condos and Lofts Mon, 13 Oct 2008 00:22:39 +0000 http://agentgenius.com/?p=5564#comment-20106 What you describe can happen to any of us with clients that are very American. Some people will never listen since they know better thyan us. It is however their money to lose as they wish. Once again they do not have to come from different cultures or countries. I have the the exact things you describe happen within the same family just this past summer. What you describe can happen to any of us with clients that are very American. Some people will never listen since they know better thyan us. It is however their money to lose as they wish. Once again they do not have to come from different cultures or countries. I have the the exact things you describe happen within the same family just this past summer.

]]> By: The UK Way To Buy And Sell A House | national real estate opinion column - agentgenius.comhttp://agbeat.com/editorials/real-estate/cultural-idiosyncrasies/#comment-20075 The UK Way To Buy And Sell A House | national real estate opinion column - agentgenius.com Sun, 12 Oct 2008 16:10:18 +0000 http://agentgenius.com/?p=5564#comment-20075 [...] has just written a great post about this, bearing in mind she lives in one of the sexiest parts of the US, it’s not surprising she [...] [...] has just written a great post about this, bearing in mind she lives in one of the sexiest parts of the US, it’s not surprising she [...]

]]> By: Ines Hegedus-Garciahttp://agbeat.com/editorials/real-estate/cultural-idiosyncrasies/#comment-20046 Ines Hegedus-Garcia Sat, 11 Oct 2008 16:06:22 +0000 http://agentgenius.com/?p=5564#comment-20046 Tony, Thanks again for your great input and THAT's exactly what I'm talking about. Other countries deal with real estate is a totally different way and it's out job here not to make assumptions and explain how things work. To continue that thought, it's also important to explain to foreign buyers that loyalty to an agent is important (and possibly a buyer's agency agreement to make sure their best interests are represented). We also find a lot of Foreigners that plan a weekend in South Florida and expect 4 different agents to take them out to see properties. Although there are many who would simply agree......our business model doesn't have room for that. Bottom line - don't assume and always inform Tony, Thanks again for your great input and THAT’s exactly what I’m talking about. Other countries deal with real estate is a totally different way and it’s out job here not to make assumptions and explain how things work.

To continue that thought, it’s also important to explain to foreign buyers that loyalty to an agent is important (and possibly a buyer’s agency agreement to make sure their best interests are represented). We also find a lot of Foreigners that plan a weekend in South Florida and expect 4 different agents to take them out to see properties. Although there are many who would simply agree……our business model doesn’t have room for that.

Bottom line – don’t assume and always inform

]]> By: tony - vidlistinghttp://agbeat.com/editorials/real-estate/cultural-idiosyncrasies/#comment-20039 tony - vidlisting Sat, 11 Oct 2008 15:21:09 +0000 http://agentgenius.com/?p=5564#comment-20039 For all of its warts, we Americans often underestimate the power of 1) making as many listings as possible available to a given buyer and 2) ensuring that an agent actually gets paid from a transaction involving another agent's listing. In many countries that I am familiar both as a vendor, an investor, and no part owner of a foreign brokerage, the only "for sale" and "for rent" signs seen are for properties being sold/rented by the owner. Agents dont risk having other agents know that properties are for sale and "circumventing" their commission with some side deal with the seller. We are working to change that but it's a slow process. Great article...as always Tony http://vidlisting.com For all of its warts, we Americans often underestimate the power of 1) making as many listings as possible available to a given buyer and 2) ensuring that an agent actually gets paid from a transaction involving another agent’s listing.

In many countries that I am familiar both as a vendor, an investor, and no part owner of a foreign brokerage, the only “for sale” and “for rent” signs seen are for properties being sold/rented by the owner. Agents dont risk having other agents know that properties are for sale and “circumventing” their commission with some side deal with the seller. We are working to change that but it’s a slow process.

Great article…as always

Tony
http://vidlisting.com

]]> By: Ines Hegedus-Garciahttp://agbeat.com/editorials/real-estate/cultural-idiosyncrasies/#comment-20032 Ines Hegedus-Garcia Sat, 11 Oct 2008 14:04:01 +0000 http://agentgenius.com/?p=5564#comment-20032 Steve and Thomas - you guys have managed to make me laugh this fine Saturday Morning. :D Steve and Thomas – you guys have managed to make me laugh this fine Saturday Morning. :D

]]> By: Thomas Johnsonhttp://agbeat.com/editorials/real-estate/cultural-idiosyncrasies/#comment-20029 Thomas Johnson Sat, 11 Oct 2008 13:36:47 +0000 http://agentgenius.com/?p=5564#comment-20029 @ Steve: You and I are just not sophisticated and nuanced enough to understand the fine art of the lie. The largest "port of call" for liars is our elected representatives in Washington D.C. @ Steve: You and I are just not sophisticated and nuanced enough to understand the fine art of the lie. The largest “port of call” for liars is our elected representatives in Washington D.C.

]]> By: Steve Simonhttp://agbeat.com/editorials/real-estate/cultural-idiosyncrasies/#comment-20023 Steve Simon Sat, 11 Oct 2008 12:57:16 +0000 http://agentgenius.com/?p=5564#comment-20023 Ines it is different indeed, doing business with folkd from other Countiries and Cultures. I have had experience in teaching and brokerage with folks from many unique places. i will tell you this: What you have described is relatively easy to deal with (in this old man's opinion). What I have found hard to swallow is the complete acceptance for the "lie" as a tactic if not a whole strategy! I have dealt with a few foreign nationals that have shown me that to lie is to do business where they come from. For obvious reasons i will not even hint at where these "Ports of Call" might be, but after the third or fourth travelor from one of these places employs the same game plan as they other you kind of get the picture. It's OK, I just reach back take a deep breath and verify. Verify and do not pay in advance:) Ines it is different indeed, doing business with folkd from other Countiries and Cultures. I have had experience in teaching and brokerage with folks from many unique places.
i will tell you this:
What you have described is relatively easy to deal with (in this old man’s opinion). What I have found hard to swallow is the complete acceptance for the “lie” as a tactic if not a whole strategy!
I have dealt with a few foreign nationals that have shown me that to lie is to do business where they come from. For obvious reasons i will not even hint at where these “Ports of Call” might be, but after the third or fourth travelor from one of these places employs the same game plan as they other you kind of get the picture. It’s OK, I just reach back take a deep breath and verify. Verify and do not pay in advance:)

]]> By: Mark Eibnerhttp://agbeat.com/editorials/real-estate/cultural-idiosyncrasies/#comment-64137 Mark Eibner Sat, 11 Oct 2008 00:17:01 +0000 http://agentgenius.com/?p=5564#comment-64137 <span class="topsy_trackback_comment"><span class="topsy_twitter_username"><span class="topsy_trackback_content">we're at it again Cultural Idiosyncrasies: Time flies when you\'re commenting on Agent .. http://tinyurl.com/4ufpj8</span></span> we’re at it again Cultural Idiosyncrasies: Time flies when you\’re commenting on Agent .. http://tinyurl.com/4ufpj8

]]> By: Ines Hegedus-Garciahttp://agbeat.com/editorials/real-estate/cultural-idiosyncrasies/#comment-20012 Ines Hegedus-Garcia Fri, 10 Oct 2008 20:59:54 +0000 http://agentgenius.com/?p=5564#comment-20012 I wish it would only be the actual transaction that's complicated for many - the listing agent vs. buyer's agent; the commission structure; the inspection period, loan commitments, fiduciary responsibilities.......the list is endless I wish it would only be the actual transaction that’s complicated for many – the listing agent vs. buyer’s agent; the commission structure; the inspection period, loan commitments, fiduciary responsibilities…….the list is endless

]]> By: Washington County Homeshttp://agbeat.com/editorials/real-estate/cultural-idiosyncrasies/#comment-20011 Washington County Homes Fri, 10 Oct 2008 20:42:57 +0000 http://agentgenius.com/?p=5564#comment-20011 I completely agree that we could make the transaction process much easier than it is. There are so many papers that all those in the real estate industry know that when you go to a closing that you just have them get their writing hand ready. There are so many forms that could be compressed to less. I completely agree that we could make the transaction process much easier than it is. There are so many papers that all those in the real estate industry know that when you go to a closing that you just have them get their writing hand ready. There are so many forms that could be compressed to less.

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