3agents.doc
Here's that little piece I made up showing a buyer expecting multiple agents to find his single home purchase, and only one of them gets paid.

Is the retainer fee check issued to the Broker/Company and run through the Broker
like a referral check?

Hello ACRE family! I'm excited to be a new ACRE, and thought I'd share my first opportunity to practice this new role--it comes up this Friday! A former next door neighbor is a doctor & family. I sold them a high end home 3 years ago, sold their home next door to me, and then sold them a pretty pricey townhome for relatives to move into after being displaced by Katrina. They listed their high end home for sale with me in September 06 but then took it off the market in February when their financial advisors told them not to sell. They offered to compensate me ("for time and trouble") when pulling the listing off the market, knowing I had paid for advertising, etc. I didn't jump on that "compensation" [because I wasn't an ACRE yet?)--I figured I'd just tell them their referrals to me would be most appreciated.

This client has already bought ANOTHER high end home in Utah and plans to retire there this summer. I guess they are keeping the luxury home here as a vacation home (6600+ SF). My appointment with them this Friday is to discuss the townhome they had bought for Katrina victim relatives--that went back to New Orleans. They want to know about being landlords, for renting this townhome. Having been a landlord myself since the 70's, I have lots of personal experience and have learned a lot the hard way.

I have so little time to think through this, and don't have fees/services worked up yet, but am comfortable enough with this client/former neighbor to share my new ACRE role with her and ask her if I can practice "telling her how I work" these days. Any suggestions from anyone will be most welcome! thanks all.

Denyce from Las Vegas