Nathan Gesner, Broker / Property Manager (American West Realty and Management)

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Rainmaker
1,766,546
Lyn Sims
Schaumburg, IL
Real Estate Agent Retired

Zero so far. I refuse to take part in this nonsense because my name is not on the contract.

I was sued because the buyer 'assumed' that the driveway got shoveled by the assn because 'the picture showed a clear driveway'.  Judge said you have to be kidding & dismissed it.  

Feb 17, 2017 06:17 AM
Rainmaker
1,357,492
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

$500 for high end, multiple pieces-patio furniture.

Never let your client create a bill of sale through offering to purchase it using the well documented request for repairs.

"and how will you be paying for the furniture?" on COE day is an eyeopener when at some point your clients decided not to buy it, but you never declined it in writing nor told them to.

I asked my buyers, "of that $1,000 price tag the sellers want, what would you be willing to buy the furniture for?" They said $500 tops, I said, "that's exactly what I negotiated for you." and then paid the difference.

Note to self, let the side deal be just that: between buyer & seller and not in the transaction.

Feb 17, 2017 01:29 AM
Rainmaker
2,691,172
Richie Alan Naggar
people first...then business Ran Right Realty - Riverside, CA
agent & author

I mishandled a court case for a eviction that costs me hundreds of dollars and put a mark on my future performance. Time and results rescued me

Feb 17, 2017 08:06 AM
Ambassador
3,158,154
Kathleen Daniels, Probate & Trust Specialist
KD Realty - 408.972.1822 - San Jose, CA
Probate Real Estate

Once I underestimated a home warranty by $15.  My client absolutely refused to allow me to cover it.  That is it.  Pretty good track record.  Now, I  have had many other agents pay thousands for their mistakes. It pays to pay attention.

Feb 17, 2017 08:06 AM
Ambassador
3,994,420
Brian England
Arizona Focus Realty - Gilbert, AZ
MBA, GRI, REALTOR® Real Estate in East Valley AZ

Well, I don't really recall having to pay for any of my own mistakes, but I have paid for a few that weren't necessarily my fault to help the deal get done, haha.

Feb 17, 2017 07:40 AM
Rainmaker
5,580,884
Barbara Todaro
RE/MAX Executive Realty - Happily Retired - Franklin, MA
Previously Affiliated with The Todaro Team

the mistake was NOT mine, but I like to make things "go away".... the builder's roofer made an error with a section of the roof!!!  after the home sold as a resale, the new owners wrote a letter and the bottom line was the buyer's agent and I split the cost of that roof repair to make it all go away!!! stuff happens and I was too busy to be involved in anything resembling a "squabble".... cost me $500....small change...

Feb 17, 2017 07:33 AM
Rainmaker
4,490,321
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

I have never paid a single cent for a mistake. I work very hard never to make such mistakes.

Feb 17, 2017 04:52 AM
Ambassador
1,616,454
Harry F. D'Elia III
RentVest - Phoenix, AZ
Investor , Mentor, GRI, Radio, CIPS, REOs, ABR

I bought a $1500 refrigerator

Feb 17, 2017 04:47 AM
Ambassador
4,316,215
Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

Nathan Gesner - so far, I have not paid a dime to anyone for anything - yet!

Feb 16, 2017 10:54 PM
Rainmaker
1,027,535
Susan Haughton
Long and Foster REALTORS (703) 470-4545 - Alexandria, VA
Susan & Mindy Team...Honesty. Integrity. Results.

In a multiple offer situation where I was representing the seller, I realized AFTER we closed the escalation paperwork had changed and I miscalculated. I sent my sellers a check for $1,200 and explained what had happened.  They called and said, that is insanely honest because there is no way we could have ever known.  Yeah, I said, but I knew and couldn't let it fly.  Neither would karma.

Feb 17, 2017 06:46 PM
Rainmaker
945,526
Candice A. Donofrio
Next Wave RE Investments LLC Bullhead City AZ Commercial RE Broker - Fort Mohave, AZ
928-201-4BHC (4242) call/text

600 bucks. And it wasn't my mistake as much as necessity, a lousy home warranty company, a lousy seller and a deal that was going south if someone didn't pay for a repair at that moment so we could close. My fee for that transaction greatly exceeded that outlay. And getting rid of Mr/Mrs NPD Sellers for all time: PRICELESS.

Feb 17, 2017 03:50 PM
Ambassador
3,077,080
Tammy Lankford,
Lane Realty Eatonton, GA Lake Sinclair, Milledgeville, 706-485-9668 - Eatonton, GA
Broker GA Lake Sinclair/Eatonton/Milledgeville

I bought a refrigerator

Feb 17, 2017 01:32 PM
Rainmaker
1,558,335
Inna Ivchenko
Barcode Properties - Encino, CA
Realtor® • GRI • HAFA • PSC Calabasas CA

Yes, mistakes happen, sometimes it is poor communication. I took a hit during short sale closing when bank promised homeowner a relocation fee and dropped it off of their final approval. 

Feb 17, 2017 12:38 PM
Rainmaker
1,430,221
Ryan Huggins - Thousand Oaks, CA
https://HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

I accidentally left a door open I shouldn't have and the client's dog got into the master bedroom and destroyed the blinds.  $40 later at home depot and I had them installed.  Problem solved.

Feb 17, 2017 11:55 AM
Rainmaker
4,333,471
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

Had to buyer a fridge a long time ago.   once

Feb 17, 2017 11:45 AM
Rainmaker
2,153,027
Anthony Acosta - ALLATLANTACONDOS.COM
Harry Norman, REALTORS® - Atlanta, GA
Associate Broker

So far, none. $0.00

Feb 17, 2017 06:31 AM
Rainmaker
4,799,732
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

I have not made any mistakes that required a payment.  (Though, I do make mistakes on occasion.)

Feb 17, 2017 05:30 AM
Rainmaker
915,778
Annette Lawrence , Palm Harbor, FL 727-420-4041
ReMax Realtec Group - Palm Harbor, FL
Making FLORIDA Real Estate EZ

Seller failed to put property in expected condition before closing.

Had to hire Sasquatch to clear the storage shed of 40 years of old paint.

 

Feb 17, 2017 05:29 AM
Rainmaker
945,423
Jennifer Mackay
Counts Real Estate Group, Inc. - Panama City, FL
Your Bay County Florida Realtor 850.774.6582

*knock on wood* I've not had the misfortune of having to pay for anything since I've not done damage

Feb 17, 2017 05:18 AM
Rainmaker
612,606
Eve Alexander
Buyers Broker of Florida - Tampa, FL
Exclusively Representing ONLY Tampa Home Buyers

Pay for a mistake? never.  Make a mistake?  Only on my first property purchase, never on the clients.

I handle my own files and verify everything the listing agent claims.

Eve

Feb 17, 2017 03:49 AM
Rainmaker
2,054,599
Michael J. Perry
KW Elite - Lancaster, PA
Lancaster, PA Relo Specialist

 I sold two peoples houses(down the road) for a small flat fee to correct issues from their purchase .

Feb 17, 2017 03:15 AM
Rainmaker
3,070,984
Tony and Suzanne Marriott, Associate Brokers
Serving the Greater Phoenix and Scottsdale Metropolitan Area - Scottsdale, AZ
Haven Express @ Keller Williams Arizona Realty

Praful Thakkar nailed this one!

Feb 17, 2017 01:01 AM
Ambassador
3,987,010
Debbie Reynolds, C21 Platinum Properties
Platinum Properties- (931)771-9070 - Clarksville, TN
The Dedicated Clarksville TN Realtor-(931)320-6730

A piece of land that I didn't know about was excluded from the sale. After closing the neighbor was threatening to cut off access and wanted the buyer to buy the strip of land. I got to help pay for it. Never will happen again to me.

Feb 16, 2017 09:26 PM
Rainmaker
1,045,215
Dave Martin (703) 585-4687
Fairfax Realty - Fairfax, VA
Making Realty Dreams a Reality #WeWillGetYouHome

I assume you mean some mistake with a contract (Error)? If thats what you are asking I have never had one.

Dec 08, 2017 05:58 PM
Rainmaker
5,323,059
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Left off a stove very early in my career off the contract, and Seller took it.   It cost me $300.00.    Never again!  

Feb 19, 2017 10:09 AM
Rainmaker
7,033,883
Roy Kelley
Retired - Gaithersburg, MD

Thousands.

Feb 18, 2017 04:09 AM
Ambassador
5,752,568
Bob Crane
Woodland Management Service / Woodland Real Estate, KW Diversified - Stevens Point, WI
Forestland Experts! 715-204-9671

Not going to go dwelling there, some projects are winners others not so good.

Feb 17, 2017 11:02 PM
Rainmaker
5,767,466
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

None, that we can point to.  A

Feb 17, 2017 09:35 PM
Ambassador
4,551,958
Debe Maxwell, CRS
www.iCharlotteHomes.com | The Maxwell House Group | RE/MAX Executive | (704) 491-3310 - Charlotte, NC
The right Charlotte REALTOR!

I paid $400 for mold remediation in a storage unit in a luxury complex. I didn't have the mold inspector inspect the storage unit (just the condo itself).

I took care of the remediation and having the attorney withhold the $400 from the commission on the Closing statement and the buyers were upset that I paid for it! They hadn't asked the inspector to inspect the storage unit but, I still felt like I should have directed them to do so, regardless, and insisted on leaving it on the Closing statement.

Feb 17, 2017 08:59 PM
Ambassador
2,608,498
Fred Griffin Florida Real Estate
Fred Griffin Real Estate - Tallahassee, FL
Licensed Florida Real Estate Broker

 None.

Feb 17, 2017 06:55 PM
Ambassador
3,360,199
Chris Ann Cleland
Long and Foster Real Estate - Gainesville, VA
Associate Broker, Bristow, VA

I negotiated a pre-settlement occupany for my buyers in a vacant home.  The washing machine flooded the basement.  Got the home warranty company to honor the fix, but they were mad about the carpet.  Seller said he didn't warranty the washer/dryer....which is why he gave them the warranty.   I paid for the carpet to be replaced.  Hate presettlement occupancies to this day.

Feb 17, 2017 04:03 PM
Rainmaker
596,130
Hella M. Rothwell, Broker/Realtor®
Carmel by the Sea, CA
Rothwell Realty Inc. CA#01968433 Carmel-by-the-Sea

Not for mistakes.

Feb 17, 2017 01:05 PM
Rainmaker
3,986,000
William Feela
WHISPERING PINES REALTY - North Branch, MN
Realtor, Whispering Pines Realty 651-674-5999 No.

maybe $250

Feb 17, 2017 12:36 PM
Rainmaker
4,567,028
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

As a sponsoring broker, an appliance or two

Feb 17, 2017 06:52 AM
Rainmaker
1,672,115
Sandy Padula and Norm Padula, JD, GRI
HomeSmart Realty West - Carlsbad, CA
Presence, Persistence & Perseverance

The intangible of losing a listing.  That's it!

Feb 17, 2017 06:37 AM
Rainmaker
1,466,027
Michael Setunsky
Woodbridge, VA
Your Commercial Real Estate Link to Northern VA

Nathan Gesner I have never had to pay anything out of pocket.

Feb 17, 2017 06:21 AM
Rainmaker
577,339
Gloria Valvasori, Accredited Senior Agent
BETTER HOMES AND GARDENS REAL ESTATE SIGNATURE SERVICE - Mississauga, ON
REAL Experience | REAL Commitment | REAL Results!

I made an error once and paid for a new survey... have never paid for anything since.. 

Feb 17, 2017 06:00 AM
Rainmaker
1,708,245
Joe Pryor
The Virtual Real Estate Team - Oklahoma City, OK
REALTOR® - Oklahoma Investment Properties

Can't recollect.

Feb 17, 2017 05:52 AM
Rainer
213,213
Dennis Swartz
Full Circle Property Management - Columbus, OH
MBA, GRI...experience counts!

Early in my career I forgot to include the appliances in the contract and had to buy new...oops.

Feb 17, 2017 02:41 AM
Rainmaker
1,183,850
Sam Shueh
(408) 425-1601 - San Jose, CA
mba, cdpe, reopro, pe

I made the mistake of  offering to a buyer who wants to bid 50 cents on a dollar. I let him play his game once told him it was offered 125% over asked price. He practiced my game and finally got his home.

These days I tell them their expectation is unrealistic and walked away.

Feb 16, 2017 09:51 PM