Last month we started a new “tradition” in our house. Now that the four boys are old enough to sit still, every night we read a chapter from a “chapter book.” When we’re finished with the book, we rent the movie and watch it. We started with Because Of Winn Dixie. It was a great experience.
Last night I read chapter five of Charlotte’s Web. I enjoy doing it. It’s a great time with the boys and it takes my mind off work and blogs. At least it did, until I got to this part of the story.
“It’s a miserable inheritance,” said Wilbur, gloomily”. He was sad, because his new friend was so bloodthirsty.
“Yes, it is,” agreed Charlotte. “But I can’t help it. I don’t know how the first spider in the early days of the world happened to think up this fancy way of spinning a web, but she did, and it was clever of her too. And since then, all of us spiders have had to work the same trick. It’s not a bad pitch on the whole.”
“It’s cruel,” replied Wilbur, who did not intend to be argued out of his position.
“Well, you can’t talk,” said Charlotte. “You have your meals brought to you in a pail. Nobody feeds me. I have to get my own living. I live by my wits. I have to be sharp and clever, lest I go hungry. I have to think things out, catch what I can, take what comes.” (White, 1952, pp. 39-40)
It shouldn’t be a stretch to see where my head went, but I’ll explain anyway.
The past few days have been a sort of awakening for me.
Last Friday, I spent 90 minutes on the phone with Ardell DellaLoggia. I listened to her explain her desire to make sure buyers were represented properly. Then, just minutes later, Greg Swann , in a post comment, sent me a link to a string of posts he’d written about buyer representation. It hit me hard. I realized I had significant consumer bias that I was bringing to the table and a real, tangible lack of understanding about many specific aspects of real estate transactions. I also had no understanding about the history of the discussion around several key topics on this blog.
I know all about experimenter bias.
My Master’s thesis was on the use of colored pencils in the revised version of the Wechsler Intelligence Scale for Children (WISC-R). It was a double blind study that proved one of my professor’s classroom assertions wrong. It had to be double blind for one reason and one reason only – because we as human beings always bring some form of bias into any situation and can’t remain completely objective as a result. We try hard, but we can’t. So this results in the outcome of any experiment tending to be biased toward the result expected by the experimenter.
This holds true even when we’re not talking about science.
I can’t really talk about what you as real estate professionals do or don’t do on a daily basis. And no consumer can. Only other real estate professionals can. I can’t speak to the level of risk you take each time you enter into a transaction. I can only speak from my own anecdotal experiences from sitting on the other side of the table. So, every comment I make, every post I write, every thought I think, carries that bias. Sometimes the bias is stronger than other times, but it’s always there. I know I can make myself more valuable to everyone if I try to minimize my bias and learn as much as possible before jumping to any conclusion about a topic.
I’m not saying this to discount my opinion, or to say it’s not valuable because I’m not a real estate agent. My opinion has value, as a data point in the conversation, but my opinion is just one data point. And so is everyone else’s opinion. Each person, like it or not, depending on the level of their bias, is trying to influence the outcome towards the result they expect. Me included.
So, I am not able to talk authoritatively about anything other than my experience, or things I know to be statements of fact. I can certainly say, “Nobody feeds me. I have to get my own living. I live by my wits. I have to be sharp and clever, lest I go hungry. I have to think things out, catch what I can, take what comes.” Because it’s true for me as well. But I can’t say it in the same context that you, as a real estate agent can say it. It’s important that I remember that.
It would be best for me to listen more, ask lots of questions and make sure my comments are directed and specific and not generalized to the entire real estate population, when my experience is limited to those few I know and have worked with directly. I’m talking to myself right now, but I could be talking to every consumer.
And you can’t talk either.
You can’t speak with authority about how we as consumers FEEL about your value. Your bias about your value is too strong. Several real estate agents have said, in recent posts on commissions or value, that they “have never had a consumer, client or customer indicate that they think we make too much money.” These folks always point the finger the other direction. Even if these statements are 100% true of their personal experience, and all of these people felt comfortable sharing the truth of how they felt, generalizing that to the entire consumer population is a huge mistake.
It would be best for you to listen more, ask lots of questions and make sure your comments are directed and specific and not generalized to the entire consumer population, when your experience is limited to those few you know and have worked with directly.
We need to better understand each other.
Every individual real estate agent has the ability to focus solely on their own value, of course. If everyone is doing that, and doing it well, there shouldn’t be an issue. But they are not. So, the industry is being painted with a broad brush and the result is a great deal of misunderstanding and misinformation. If we want solutions that are going to bring real change and real value, we need to truly understand each other.
I’ve read Charlotte’s Web before, so I know how it ends.
At some point in their relationship, Wilbur wanted to spin a web to let Charlotte know he was intelligent too. (Sound familiar?) He made his attempt by climbing on the manure pile, and acting like her. He jumped and spun. He failed. He then tied a string to his tail. But he failed again. Charlotte eventually tells him to stop trying because he didn’t have the tools or the know how to do what she did.
But in the end, Charlotte, the bloodthirsty spider, became an advocate for her friend, Wilbur, the pig. She went to work to save him, even though she knew she was dying as well. She spun the words, “some pig” and “terrific” in her web and it was viewed as a miracle, and Wilbur was saved from his impending doom. And then Wilbur made sure her offspring were taken care of, and taken care of very well.
I’m not sure who’s being led to slaughter here. Some elements of the media want us to believe that we as consumers are being led to slaughter by REALTORS?. The federal government apparently would like to see the NAR led to slaughter. Several posts on AR yesterday seem to indicate that getting started as a real estate agent is so hard, it is like being led to slaughter.
One thing I do know – both sides need to better understand each other. I can’t talk about anything other than my side. We need you to be an advocate for us, not just yourselves. We need you to do the right thing. Save us. I believe that if you do that, we’ll take good care of your legacy.
Judy McCutchin says:
Those are some excellent points. I’m afraid one thing that seems to get lost in translation as competition between agents has increased is that we really are there to work on our client’s behalf and not in an dversarial role.
February 5, 2007 — 3:29 pm
Jeff Turner says:
Judy, I’m assuming the competition you’re talking about is between real estate agents, fighting for listings, correct?
February 5, 2007 — 3:52 pm
Michael Cook says:
This is very well said. Some times people go into a conversation assuming that everyone knows all of the information they know. In reality everyone knows more and less than that. Hence the need for multiple perspectives and reading everything with an open mind. Good post.
February 5, 2007 — 4:12 pm
mistergin says:
Familiar territory for me on that first half, Jeff! As my first gets older, we’ve moved to chapter books and explaining the ‘we stop here’ concept when reading one for bedtime offers the puzzling question of: “Why?”.
On the second part, I saw this a lot with top producers. When I started, I wanted to hit the ground hard and gain experience. Rather than poorly represent my first few transactions, I chose to be an assistant to a top producer at our office.
It was just her, so she wasn’t as insulated as another team of top producers were. Groupthink was rampant on that team and you could tell from their service. I believe eventually their reputation preceeded them that in a hot market, they under-listed properties for fast turn around times and their business suffered a bit.
They had lost the ability to sell their worthiness to the consumer. The consumer could grasp no value from the numbers that represented them in their office. The ‘consumer’ as you mentioned was already in a fragile state preparing to part with their house or examine the virtues of a new one. Another ‘chapter’, if you will π
Groupthink can be a tragic thing, and one that should always be respected for its dangerous power. This goes both ways though, so teetering the fine line in between the two is a skill of its own…
February 5, 2007 — 4:20 pm
Cathy says:
Good points, Jeff – the most important being that agents need to understand consumer needs and perceptions. I tend to disagree consumers should be expected to understand agents. Would anyone suggest that it’s important for patients and clients to “understand” doctors and lawyers? Two things are most important to consumers: performance and cost. You are absolutely right to question anecdotal asessments of consumer sentiment that deny problems with public perception in these areas. They do exist. Why Don’t Consumers Trust Agents. The question is really what do we do to address these concerns?
Thanks for your balance.
February 5, 2007 — 6:38 pm
Broker Bryant says:
Hi Jeff, Another really good post and point. Everything we do and say is based on our own perspective. Now if I could just figure out a way for everyone to see things from my perspective life would be grand. But it ain’t ever going to happen. That’s why it’s so important to have discussions and to listen to other’s opinions. By truly listening and opening our minds we may just possibly learn a thing or two. I hope the day never comes where I feel I know it all because that will be the day I cease to grow.
February 5, 2007 — 8:04 pm
Brian Brady says:
Mistergin outlines the tragedy that is groupthink. Sometimes a consumer reminding us that we aren’t all that and a bag of chips is what is needed.
Should we care what the consumer thinks about our pricing, advertising, weblogging, and practice? Damn right we should! He/she pays our bills.
Good thoughts!
February 5, 2007 — 11:22 pm
Jeff Brown says:
Jeff – I’m not sure where to start, so I won’t.
The engine driving my firm’s success from day 1 has been – Making investors wealthy while affording an early retirement with more income than they ever made while working.
They’ve needed only to understand their side of the process – and results.
The rest is group therapy.
Cathy has it right I think. Do results I produce for my clients justify the costs? And as Cathy said, I don’t have to understand my doctor, but I better get well. π
February 6, 2007 — 3:33 pm
Jeff Turner says:
Jeff & Cathy, I agree with your thoughts about the consumer not needing to understand you in the same way you understand them. But they do need to understand why they need you, and I know they don’t fully understand why.
I know why I need to go to a Doctor. I fully understand that value proposition. And Jeff, your statement, “making investors wealthy while affording an early retirement with more income than they ever made while working” is clearly articulated.” I’m not interested in group therapy, but the real estate community should be interested in the consumer community understanding, much better than it appears they do today, why they need a realtor.
That’s what I mean when I say the consumer needs to understand you better.
February 6, 2007 — 3:52 pm
Marty Van Diest says:
Very good post…
It is so extremely hard to put oneself in another persons shoes. To try to see life from anothers eyes, anothers history, The more we try to do that they more we will understand and the better we will be at what we do.
February 6, 2007 — 11:11 pm
Jeff Turner says:
Marty, perhaps it’s easier for a realtor to put themselves in the consumer’s shoes, but I’ve failed miserably at trying to put myself in the real estate agent’s shoes. But I still believe it’s worth the effort.
February 7, 2007 — 1:28 am
Laurie Manny says:
Jeff, Since you already know my thoughts, I will leave you with a little mood lightener.
http://www.pureesoiree.be/post.do?id=18360
I hope you enjoy this, it just seemed so perfect at the moment.
Laurie
February 7, 2007 — 3:26 am
Jeff Turner says:
LOL! Thank you. I needed that.
February 7, 2007 — 3:38 am
Mary McDonald says:
Hi Jeff,
I love reading your posts. This one hits home for me today because three times in the last month I witnessed families listing with the agents who actually had shown their home before any listing paperwork was signed. No marketing ad, mailer, or even presentation can overturn the agent who has actually gone ahead with trying to get the home sold prior to their being a written agreement outlining the benefit to the agent. I vow not to be transactional in my thoughts and am told I will (and have) get burned as a result. “People will use you”, they say. And some will. Seems to me that people want sincere help to sell their homes. I am told I am a fool to help a “for sale by owner” stage their home. I like to think that as a realtor with daily exposure to a home’s competition that I can be seen as resourceful by even those who do not have their homes listed with me. I better be to those who do! Not everyone is in a position to afford the help of an agent but everyone is in a position to refer one!
February 14, 2007 — 3:17 pm