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Rainmaker
7,134,050
Roy Kelley
Retired - Gaithersburg, MD

If the statement did not impact the settlement process, I would say nothing until I had a private conversation.

Dec 12, 2015 08:16 AM
Rainmaker
4,308,271
Michael Jacobs
Pasadena, CA
Los Angeles Pasadena 818.516.4393

I missed this question but Gabe Sanders has it wrong this time....it wouldn't be It Depends for me....My answer would be more along the lines of what Alexandra Ron and Alexandra Seigel answered.

Good guess, though Gabe.

Dec 13, 2015 03:55 AM
Rainmaker
4,799,732
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

I'm going with the Michael Jacobs answer.  It would depend on the error.

Dec 13, 2015 03:49 AM
Rainmaker
846,375
Marco Giancola
Beachfront Realty - Miami Beach, FL
Realtor (305)608-1922, Miami Beach Florida

If the misstatement was a misrepresentation of a part of the closing documents I would bring it up immediately. Answer A. 

Dec 12, 2015 08:02 PM
Rainmaker
2,537,724
Joe Petrowsky
Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709 - Manchester, CT
Your Mortgage Consultant for Life

Good morning Debbie. Embarrassed or not, I would handle the mistake right on the spot, it is not about being embarrassed, if it is not handled, it might mess up the funding.

Dec 12, 2015 05:56 PM
Rainmaker
2,759,637
TeamCHI - Complete Home Inspections, Inc.
Complete Home Inspections, Inc. - Brentwood, TN
Home Inspectons - Nashville, TN area - 615.661.029

 I don't see the value in saying anything unless it's going to make a difference in the settlement process.

Dec 12, 2015 05:08 PM
Rainmaker
634,382
Kathleen Luiten
Resort and Second-Home Specialist - Princeville, HI
Kauai Luxury Ocean Home Sales

I do as Roy Kelley outlines. When it matters I tactfully correct the information but otherwise am silent.

Dec 12, 2015 04:27 PM
Rainmaker
2,052,329
Lise Howe
Keller Williams Capital Properties - Washington, DC
Assoc. Broker in DC, MD, VA and attorney in DC

I think it would depend on the nature of the misstatement. Does it matter to the client? Then straighten it out right away - otherwise let it drift. 

Dec 12, 2015 12:49 PM
Ambassador
3,724,327
Patricia Kennedy
RLAH Real Estate - Washington, DC
Home in the Capital

I guess my reaction to a misstatement would depend on what it was about and if it was going to cost my client money.

Dec 12, 2015 11:57 AM
Rainmaker
1,708,245
Joe Pryor
The Virtual Real Estate Team - Oklahoma City, OK
REALTOR® - Oklahoma Investment Properties

I would question irt on the spot but in such a way where the closer does not lose face.

Dec 12, 2015 11:34 AM
Rainmaker
1,525,405
Sybil Campbell
Fernandina Beach, FL
Referral Agent Amelia Island Florida

I agree with Roy Kelley.

Dec 12, 2015 10:54 AM
Rainmaker
2,224,267
Debbie Laity
Cedaredge Land Company - Cedaredge, CO
Your Real Estate Resource for Delta County, CO

It depends on the mistake. If it impacts my buyer or seller, I have to bring it up. 

Dec 12, 2015 10:28 AM
Ambassador
1,939,667
Carol Williams
Although I'm retired, I love sharing my knowledge and learning from other real estate industry professionals. - Wenatchee, WA
Retired Agent / Broker / Property Manager

Tactfully, straighten it out on the spot!  Signing should not take place under false information.

Dec 12, 2015 09:39 AM
Rainer
231,174
Mike Rock
Complete Design - Granite Bay, CA
Granite Bay Luxury New Construction...For Less

i usually say , no harm no foul. if i can fix it later i do that. if it MUST be done then , then i do. i once signed and the loan (i was the buyer..seller carrying) was for too low an interest, we took 3 weeks of trying to get the older guy to sign. he lived in a shack on the beach in san diego, i didnt think those existed. i let it go and just paid im the right amout. if i had not signed, we may have never gotten that deal done lol

Dec 12, 2015 09:19 AM
Rainer
42,520
Fred Hafdelin
Weichert Realtors - Mountain Lakes, NJ

Have to go with Roy Kelly. Can't think of a better answer.

Dec 12, 2015 08:22 AM
Rainmaker
5,768,742
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Debbie,

Regardless whenever there is a mistake, you correct in private.  We have walked out of stores, when a manager corrects an employee in front of everybody.  It is just wrong!  A

Dec 12, 2015 08:22 AM
Rainmaker
1,678,875
Sandy Padula and Norm Padula, JD, GRI
HomeSmart Realty West - Carlsbad, CA
Presence, Persistence & Perseverance

Follow Roy Kelley's lead one this on

Dec 12, 2015 08:20 AM
Rainmaker
937,691
Troy Erickson AZ Realtor (602) 295-6807
HomeSmart - Chandler, AZ
Your Chandler, Ahwatukee, and East Valley Realtor

Debbie - I would straighten it out on the spot, without embarrassing the closer.

Dec 14, 2015 03:49 PM
Ambassador
4,318,202
Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

Debbie Reynolds I'll go with 'C' - if there will not be any delays in closing because of this misstatement.

Of course, I should have said - it depends on the impact of this misstatement.

Dec 13, 2015 12:31 PM
Ambassador
3,175,855
Kathleen Daniels, Probate & Trust Specialist
KD Realty - 408.972.1822 - San Jose, CA
Probate Real Estate

Straighten it out right on the spot ... but never in a way that makes the person look wrong ... it's all about positioning and posing it as a way of my understading - gaining clarification .. etc.

Dec 13, 2015 08:48 AM
Rainmaker
5,404,505
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

It depends on how important the misstatement is.    If it is very important, I probably would say something right then.

Dec 13, 2015 01:13 AM
Ambassador
5,830,193
Bob Crane
Woodland Management Service / Woodland Real Estate, KW Diversified - Stevens Point, WI
Forestland Experts! 715-204-9671

It depends on how critical the info in the statement was.  I would be polite and do my best to clarify the facts without insulting the closer though.

 

Dec 13, 2015 12:52 AM
Rainmaker
466,641
Brenda J. Andrew
ULTIMA REAL ESTATE - Willis, TX
Professional Realtor in Conroe/Willis, TX

If it does not effect anything regarding the sale, then I keep quiet and bring it up afterwards with the client.  If it effects the sale, then I bring it up right away, but in a way where it does not embarrass anyone.

Dec 13, 2015 12:24 AM
Rainmaker
1,466,027
Michael Setunsky
Woodbridge, VA
Your Commercial Real Estate Link to Northern VA

Debbie Reynolds Roy Kelley gave the right answer.

Dec 12, 2015 11:21 PM
Rainer
140,510
Richard L. McKinney P.A.
Atlantic Shores Realty Expertise - Port St Lucie, FL
For Results that MOVE you on the Treasure Coast!

Assuming the statement is affecting the settlement, I address it immediately right there at the table. I do not want a customer leaving the closing with misinformation. 

Dec 12, 2015 11:16 PM
Rainmaker
609,655
Jeffrey Jones
AZ Home Seekers - San Tan Valley, AZ
AZ Home Seekers, azhomeseekers.com

It would probably depend on the nature of the mistake, especially with new TRID guidelines calling for reissue of a CD with a 3 day wait on certain changes. So if it had a material impact on the closing I would feel its my fiduciary responsibility to tactfully keep things on couse. If it did not materially impact my client I would wait until it could be handled privately.

Dec 12, 2015 11:11 PM
Rainmaker
3,394,228
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of the Manchester NH's area Leading Agents

It would depend what it was. If it was minor and didnt natter, i would either do it later or let it slide. If it affected my client, i may do it on the spot. 

Dec 12, 2015 10:33 PM
Rainmaker
3,071,034
Tony and Suzanne Marriott, Associate Brokers
Serving the Greater Phoenix and Scottsdale Metropolitan Area - Scottsdale, AZ
Haven Express @ Keller Williams Arizona Realty

That's one of the risks of being present at the closing.  It put's you on the spot.  If you weren't there you wouldn't hear it.  And it's a judgment call as to whether or not the closer had really made a mis-statement.  That said - if I were there - I would ask them to repeat it so that I could make sure I understood what they were stating.  If it still appeared to be incorrect, I would ask them to speak with me for a moment outside the room.  If that proved fruitless I would instruct my client to "hold" while I escalated within the closing company...

Dec 12, 2015 10:04 PM
Rainmaker
2,059,680
Michael J. Perry
KW Elite - Lancaster, PA
Lancaster, PA Relo Specialist

"A" is the only choice you are assured that will work !!!!!

Dec 12, 2015 09:32 PM
Rainmaker
4,460,399
Dorie Dillard Austin TX
Coldwell Banker Realty ~ 512.750.6899 - Austin, TX
NW Austin ~ Canyon Creek and Spicewood/Balcones

I would handle the misstatement immediately. There is always a gracious way to bring it up. It could impact the funding so needs to be addressed right then and there.

Dec 12, 2015 09:29 PM
Ambassador
1,614,536
John McCormack, CRS
Albuquerque Homes Realty - Albuquerque, NM
Honesty, Integrity, Results, Experienced. HIRE Me!

Roy Kelley has this one.

Dec 12, 2015 09:07 PM
Rainmaker
686,975
Hella Mitschke Rothwell
(831) 626-4000 - Honolulu, HI
Hawaii & California Real Estate Broker

It obviously made enough of an impression on you to ask here, so my answer would be "a".

Dec 12, 2015 08:55 PM
Rainmaker
4,637,262
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Depends on the misstatement. If it is critical, it gets mentioned in a constructive way. If not, it is a privated conversation later.

Dec 12, 2015 08:51 PM
Rainmaker
4,576,932
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

I suppose it depends on the the nature of the mis-information, Debbie. If it's something that would seriously impact my client post-closing, I would find a nice way to jump in.

Dec 12, 2015 08:50 PM
Rainmaker
4,433,809
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

If it is important In would make an excuse to get the closer out of the room and mention it to the closer in private.

Dec 12, 2015 08:23 PM
Rainmaker
1,683,406
Larry Johnston
Broker, Friends & Neighbors Real Estate and Elkhart County Subdivisions, LLC - Elkhart, IN
Broker,Friends & Neighbors Real Estate, Elkhart,IN

a)  It's best to make corrections immediately.

Dec 12, 2015 12:22 PM
Rainmaker
1,771,592
Noah Seidenberg
Coldwell Banker - Evanston, IL
Chicagoland and Suburbs (800) 858-7917

I always have an attorney with me so we let her handle this.

Dec 12, 2015 12:18 PM
Rainmaker
1,191,419
Sam Shueh
(408) 425-1601 - San Jose, CA
mba, cdpe, reopro, pe

If it not impact the bottom line and just a mixed up in names. I give opportunity for clarification and trying to straighten out.

Dec 12, 2015 11:53 AM
Rainmaker
1,157,535
FN LN
Toronto, ON

Real estate agents are not involved in the actual closing in Ontario.  The lawyers handle this stage.  The buyers and sellers do not meet when the transaction closes.

Dec 12, 2015 11:40 AM
Rainmaker
617,585
David Gibson CNE, 719-304-4684 ~ Colorado Springs Relocation
Colorado Real Estate Advisers LLC - Colorado Springs, CO
Relocation, Luxury & Lifestyle residential

Debbie,
There is always the chance the mistake is mine, that I mis-heard or mis-understood. I would talk privately with the closer after the fact, assuming the confusion is my fault, and then if needed talk to my client.

Dec 12, 2015 08:47 AM