Mystery of The 184 Things A Real Estate Agent Does For
Clients
As its name
clearly implies, The 184 Things a Real
Estate Agent Does for You is an exhaustive list of the actions a real
estate agent is called upon to perform on behalf of a client. It is an
authentic real estate Golden Oldie.
Whenever
someone wonders aloud what it is that real estate agents do to earn their
commissions, many of us agents have the option of digging around in a drawer for
a wrinkled printout of The 184 Things.
If there were a Real Estate Hall of Fame, The
184 Things would be sure to have its own spot-lighted exhibit…or even an
interactive video display (so the kids could push colored buttons that would seem
to make the list interactive).
Since the
list is 184 items long, it’s a good bet that, given the option, very few of our
clients would have read the whole thing (if they had, they’d probably be so exhausted
they might reconsider selling their
house at all).
Actually, the
truth is real estate agents don’t perform all 184 in the course of any single home
buying or selling transaction. Some items refer to specific kinds of deals;
some others aren’t always necessary. But they’re all authentic, and for most
transactions, we really do execute on a lot more than half of them. To give you
the flavor, they are actions like “Verify legal description,” “Confirm lot size
via owner’s copy of certified survey, if available,” “Prepare detailed list of
property’s ‘inclusions & conveyances’…,” and so on.
Like so many
other epochal historical events, the birth of The 184 Things seems shrouded in mystery. You might think that the
reason is because it happened so long ago—but 2006 isn’t really that long ago. Perhaps the mists of time
haven’t actually had a chance to fully enshroud the event…so maybe simple
confusion is responsible. Most historical citations credit its origin to a 2006
House of Representatives Financial Services Sub-Committee hearing, during which
the president-elect of the NAR presented the Things at the conclusion of her testimony. This could have happened
after some House member made the innocent mistake of asking what real estate
agents do to earn their commissions…but the actual exchange that provoked the
list has been lost for all time.
At any rate,
despite the House hearing being often credited as the point of origin for The 184 Things, there are problems with that story. The House archives’
transcript of the hearing shows a written Attachment
that has 180 Things—not 184! But
that’s not the only mystery, because the Attachment
has a footnote, which seems to credit
the Orlando Regional Realtor Association. It’s only after you consult the ORRA’s
web site that you come upon what may be the original list, with all 184. If they
ever do build a Real Estate Hall of
Fame, it could be a reason to put it in Florida…
I don't need to do each one of The 184 Things every time I set about helping a client buy or sell their home - but it's certain I do an awful lot of them. My own list is simply one with all of the things that need to be done - and turns out to be different for every client and every property. The first item is always the same, though-and it's all yours: call me!
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