Who Exactly are You Doing Business With (LA 1628)

Transcript:

Steven Jack Butala:

Steven and Jill here.

Jill K DeWit:

Hi.

Steven Jack Butala:

Welcome to the Land Academy Show entertaining land investment talk. I'm Steven Jack Butala.

Jill K DeWit:

And I'm Jill DeWitt broadcasting from the Valley of the Sun.

Steven Jack Butala:

Today Jill and I talk about who exactly are you doing business with?

Jill K DeWit:

I know who I'm doing business with. Do you?

Steven Jack Butala:

I know who my partners are.

Jill K DeWit:

Okay, got it.

Steven Jack Butala:

Very much who my partner, singular, is.

Jill K DeWit:

Got it.

Steven Jack Butala:

I honestly ... After this whole incident went down in Discord, which I'll explain in a second here.

Jill K DeWit:

Okay.

Steven Jack Butala:

Got me thinking, you know what? I actually, we have all these members, I have no idea.

Jill K DeWit:

Uh-oh. I'm a little worried.

Steven Jack Butala:

Before we get into it let's take a question posted by one of our members on the landinvestors.com online community. It's free and don't forget to subscribe on the Land Academy YouTube channel and comment on the shows you like.

Jill K DeWit:

James wrote, okay. This in quotes [crosstalk 00:00:55]

Steven Jack Butala:

This is in the rant section of discord.

Jill K DeWit:

Okay. "I was on the phone today for over an hour and a half trying to cancel contract with an agent for two parcels of land that I have listed with him. The longest periods of silence was over 12 minutes." Are you kidding me? I've never had these...

Steven Jack Butala:

This sparked a...

Jill K DeWit:

This is hilarious.

Steven Jack Butala:

... Very valuable discussion, I think, in discord, obviously worth an episode.

Jill K DeWit:

This is hilarious. Okay.

Jill K DeWit:

"As I waited for him to be the first to respond at the end of it, he wouldn't agree to cancel the contract. We will try again tomorrow night. The total commission to him for both parcels would be $9,000 when he is actually able to sell them. There is a large perspective gap between us. I want to take less time and I'm happy with less profit. And he wants to take as much time as needed and maximize his end. Very, very frustrating. And one of hours of my life spent on something I didn't want to. However, I learned a lot. So it may ultimately be worth it and learning the lesson of who not to list with is priceless. Thank you for reading really just needed a sympathetic and understanding audience. Now to go meditate." This is funny.

Steven Jack Butala:

Since when does a freaking real estate agent have anything to say about how much you list your property for? This goes on.

Jill K DeWit:

Wow.

Steven Jack Butala:

In this scope of this episode. And believe me, I got involved and told stories and I'm going to tell my story here in a minute.

Jill K DeWit:

Okay.

Steven Jack Butala:

This is a non-exclusive agreement. So it's not an exclusive contract. Okay? So if, if the meaning, which is very unusual, meaning the agent has to bring the buyer, so to get paid, to get paid, right? So if he goes, if land academy member goes up and sells a property by somebody, he generates, he doesn't have to get paid.

Jill K DeWit:

That's amazing.

Steven Jack Butala:

This is just an example of there's just a lot of people you need to know who you're doing business with before you start signing stuff and he didn't do anything wrong. I've been in this situation before too. Again, I'm going to tell a story.

Jill K DeWit:

Sometimes you don't know, people can, don't say I had a whole marriage like this...

Steven Jack Butala:

That didn't cross my mind until now.

Jill K DeWit:

I've been waiting for you to say...

Steven Jack Butala:

Yeah get to know who you're married to.

Jill K DeWit:

But some people go into it and lead you to believe that there's something that they're not. And when there's a ring on the finger or the paper signed, maybe then the truth comes out.

Steven Jack Butala: