Posted by Alice/MD on 11/9/07 5:31pm
Msg #220516

How much help should I give away

I have a peer in an adjoining county who has never done a reverse mortgage. She asked me to help her with her first one. Is this fair? I give her all the calls I get for closing in her county but she take all the calls that she gets in my county. This reverse mortgage that she accepted, and need my help with is in my county. Should I charge her for instructions and time?

Reply by Loretta Reed on 11/9/07 5:33pm
Msg #220517

sent you a pm

Reply by Becca_FL on 11/9/07 5:40pm
Msg #220519

Tell the gal she had no business accepting a closing she was not comfortable facilitating and tell her to send Brenda/TX $9.95 for a RM training ebook.

Reply by Philip Johnson on 11/9/07 5:54pm
Msg #220520

She has her TPL and can't figure out a reverse mortgage?

The nice thing about those is that they move at a leisurely pace, so she should have plenty of time to check and double check. Go with her and bill her for the 2+ hours and rack it up to her tution for the school of hard knocks.

Reply by LKT/CA on 11/9/07 6:03pm
Msg #220521

It would not be unreasonable for you to charge her for your gas and time.

Reply by MikeC/NY on 11/9/07 7:22pm
Msg #220536

<<I give her all the calls I get for closing in her county but she take all the calls that she gets in my county.>>

You have your answer right there - sounds like you've already given away more than enough. Why give her one more thing she can poach from you?

Besides that, an RM is not rocket science. She can either do some research and figure it out on her own, or buy Brenda's ebook and save herself some time.

Reply by Lee/AR on 11/9/07 9:16pm
Msg #220557

Think you answered your own question..

She's already back-stabbed you--probably undercutting you, too. And you want to know if you should continue to help her?

Reply by CaliNotary on 11/10/07 12:11am
Msg #220592

Re: Think you answered your own question..

How has she back stabbed her?

Just because Alice gives her the signings in her county doesn't mean the other person is obligated to do the same. Not everybody has the same areas that they're willing to cover and if you're willing to travel somewhere for a signing why on earth would you give it to somebody else instead?

Having said that, no, I wouldn't train her how to do a reverse mortgage. Like someone else said, I'd point her to Brenda's book and tell her for 10 bucks she'll get all the training she needs.

Reply by JK/TX on 11/10/07 12:24am
Msg #220594

Re: Think you answered your own question..

Reading your post, and how you expressed your thoughts, ,,,, you answered your own question..... I read between your lines and agree w/you!

Reply by CaliNotary on 11/10/07 12:35am
Msg #220600

Re: Think you answered your own question..

Yeah, I see nothing wrong with the situation at all.

If they made an agreement to give each other the signings in their respective counties then I'm guessing Alice would have stopped sending signings her way the moment she discovered the agreement was breached.

And if there was no agreement then I'm assuming it's just because Alice doesn't want to drive to that county so she's not losing anything anyway, she's just doing a nice thing for somebody else. Which does not obligate the other person to do the same thing.

And if either of my assumptions are wrong, then Alice is being a chump and has nobody but herself to blame for letting this person take advantage of her.

Reply by Alice/MD on 11/10/07 12:55am
Msg #220605

Re: Think you answered your own question..

You are right on message( CaliNotary). I do not want to drive to her county and I am not losing anything by sending calls her way. There was on agreement. I just can't rape around my brain how I can respond to a request to help her with (how to do her first reverse mortgage closing) in my county. I guess this is my misunderstanding and I need to let her know that I am a business associate and nothing else.

Reply by CaliNotary on 11/10/07 3:02am
Msg #220607

Re: Think you answered your own question..

Just tell her that they're too complicated for you to teach, but that she can send them your way just like you've been sending business her way.

Reply by jba/fl on 11/10/07 3:50am
Msg #220612

I like your latest response CaliNotary, but I would append t

the fact of Brenda's ebook and the mentoring for $$ suggestions. Then again, since she is not sending your way, this RM in your farm's boundaries, that's a potential co. for you to acquire putting her back into her own pasture. I agree, there looks to have been a potential 'arrangement', casual tho it is, that has been breached.

I have my own arrangements, no contracts, just verbal, and I don't worry about being stepped on or ignored and it has paid off enormously for me. (We even tell and ask each other whether or not we mind if the other applies to the same company to get into their databases prior to doing so.) I get the feeling you were hoping for the same type of arrangement of give and take, but this person sounds like a taker to me, without returning the benefit, therefore, ....(your conclusion).