Richie Alan  Naggar, agent & author  (people first...then business Ran Right Realty )

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Wanda Kubat-Nerdin - Wanda Can!
Red Rock Real Estate Brokered by Real - St. George, UT
So Utah Residential, Referral & Relocation REALTOR

Everything in writing and we all know why that is a good practice.

Dec 04, 2021 06:08 PM
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Kathleen Daniels, Probate & Trust Specialist
KD Realty - 408.972.1822 - San Jose, CA
Probate Real Estate

I will take a person's word and trust it and then verify it.

No exceptions or special circumstances apply. 

All documents are verified. If contractual in nature, it will be in writing. 

I do not know what you mean by "no licensing answers." 

 

Dec 04, 2021 02:41 PM
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Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

When I first got into the business in the 70's maybe there were exceptions when a man's word was a man's word! That quickly changed as contracts went from one page to four or more pages not counting another 20 pages of potential addenda.

In today's world, Ken Jones, Commercial Real Estate, nailed it!

Dec 05, 2021 04:47 AM
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Thomas J. Nelson, REALTOR ® e-Pro CRS RCS-D Vets
Big Block Realty 858.232.8722 - La Jolla, CA
& Host of Postcards From Success Podcast

Everything in writing in business. 35 years of owning businesses taught me that contracts keep honest people honest and the rest can take that long walk off the short pier if they do not want to sign it.

If you are my friend, your handshake and your word is all I need for non-business matters, but friends will (and do) will sign contracts in my business. It's simply a professional protocol.

Dec 04, 2021 04:53 PM
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Anna Banana Kruchten CRS, Phoenix Broker
HomeSmart Real Estate BR030809000 - Phoenix, AZ
602-380-4886

If it has to do with a contract it's in writing.....period.

Dec 04, 2021 08:42 PM
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Roy Kelley
Realty Group Referrals - Gaithersburg, MD

I've enjoyed trusting relationships with several investors after they used my services to acquire multiple properties.

Dec 04, 2021 02:30 PM
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Carla Freund
Keller Williams Preferred Realty - Raleigh, NC
Carolina Life RealEstate & Relocation 919-602-8489

What Ken Jones said! Anything contractural has to be in writing.

This is very difficult for the good ol' boys. I've had a time or two I've taken someone's word because that is the way they do business. They really want your trust. Sometimes you have to think about what will happen if they don't follow through and take a risk. The few times this happened it all worked out. 

There have been times people gave their word (we're going to clean before closing, etc)  and I let my clients know until it happens we'll assume it isn't going to happen. Most of the time people have followed through on their word. I have seen occasions where people didn't.

Dec 05, 2021 06:28 AM
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Lyn Sims
Schaumburg, IL
Schaumburg Real Estate Agent Retired

Trust is an important word in real estate but why not back that all up & put it into writing for both parties?

That way there are no problems with what should or should not happen.

Dec 05, 2021 06:07 AM
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Buzz Mackintosh
Mackintosh REALTORS - Frederick, MD
“Experience, reliable, leadership”

In today's world if it's part of a contract I make sure it's in writing. Back in the day there were many in the "good ol'boy network" that would do things on a hand shake.

Dec 05, 2021 05:08 AM
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Hella M. Rothwell, Broker/Realtor®
Carmel by the Sea, CA
Rothwell Realty Inc. CA#01968433 Carmel-by-the-Sea

My first real estate lesson ever stressed that I get everything in writing and that certainly applies to anything contractural.  It has served me well.  Those times when I've helped a prospective client without getting a signed agreement first, it's usually worked out but not all the time.  Nowadays I'm more picky whom I work with.

Dec 04, 2021 08:45 PM
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Fred Griffin Florida Real Estate
Fred Griffin Real Estate - Tallahassee, FL
Licensed Florida Real Estate Broker

No.

No.

N/A

Dec 04, 2021 06:29 PM
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Kat Palmiotti
406-270-3667, kat@thehousekat.com, Broker, eXp Realty - Kalispell, MT
Helping your Montana dreams take root

For business, everything needs to be in writing.

Dec 05, 2021 06:55 AM
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Tony Lewis
Summit Real Estate Group - Valencia, CA
Summit Real Estate Group Valencia & Aliso Viejo

It is a violation of our Fiduciary Duty to do real estate verbally and then not present a better offer to our clients stating that "our word is our bind"

Dec 04, 2021 09:46 PM
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John Juarez
The Medford Real Estate Team - Fremont, CA
ePRO, SRES, GRI, PMN

Nothing to do with licensing. It is law. If real estate agreements are not in writing, signed by the proper parties, the agreements are not enforceable. It is not good practice to try to get around the law.

Dec 05, 2021 12:25 PM
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Ryan Huggins - Thousand Oaks, CA
https://HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

Yes, I think there are times when a person's "word and a handshake" is enough.  I wouldn't do it on a proof of funds or the actual contract, but there are many instances where that's the case. If it were a good friend of mine whom I trusted and I was selling a property of mine, I would likely just do a handshake agreement, a napkin with the basic terms and send that to escrow.  My escrow officers have actually done napkin transactions before.

 

When someone calls me up to see a listing of mine, I ask them if they've been pre-approved by a lender and for what price and what agent they're working with.  I take them at their word when they answer yes.  I also take their word that they aren't working with an agent when they say they aren't, but I have some follow-up questions to weed out the legit and non-legit "not working with anyone" responses as some will have family that can't be bothered to show the home, but will write the offer for them.

Dec 05, 2021 11:21 AM
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Chris Ann Cleland
Long and Foster REALTORS®, Gainesville, VA - Bristow, VA
Associate Broker, Bristow, VA

When an agent is not speaking out of turn about what their client will or won't do in a cooperating transaction.  If an agent is speaking for themselves and has a great reputation, I believe them in cooperating deals.

Taking someone's word in terms of a client depends solely on their history with me.  If I'm working with an unknown quantity, I am not likely to take their word.  Same applies if they are known to be trouble.  All boils to experience and reputation.

Dec 05, 2021 09:37 AM
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Candice A. Donofrio
Next Wave RE Investments LLC Bullhead City AZ Commercial RE Broker - Fort Mohave, AZ
928-201-4BHC (4242) call/text

Yes, my best friend is a local broker and we swap referrals without a written agreement . . . she's my ride or die! ❤️
There are other agents I've known for 20+ years and can take their word to the bank. There are other agents I've known for 20+ years who I wouldn't trust any further than I could shoot at them!

Dec 05, 2021 07:59 AM
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Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

I cannot think of anything that I would not get in writing.  Real estate is meant to be in writing to be valid.

Dec 05, 2021 06:54 AM
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612,066
Eve Alexander
Buyers Broker of Florida - Orlando, FL
Exclusively Representing ONLY Orlando Home Buyers

NEVER...

This business is full of liars and dummies...my job is to protect buyers, not put them in jeopardy.

Eve

Dec 06, 2021 12:49 PM
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Bob Crane
Woodland Management Service / Woodland Real Estate, EXP - Stevens Point, WI
Forestland Experts! 715-204-9671

Our word is out bond, though it is wise to formalize this by putting it in writing, ink really helps with memories as well as with judges.

Dec 05, 2021 02:14 PM