How to Decline a Sales Offer Politely
Just Say No
Let’s get this out of the way right now. Because bluntness can be off-putting when creating relationships with clients, not everyone can pull off merely saying no. If you’re going to go this route, we recommend giving a rationale for your refusal. “No” is a good example. You’re already getting a discount, therefore I’m afraid I won’t be able to lower my prices any further.”
Bring Up Your Pedigree
Because of your skill as an agent, the average home stays on the market for 28 days. Based on the years of experience and study you have put into your business, your real estate clients are obtaining the full worth of the commission. When they hire you, let them know exactly what they’re paying for! You are the expert, and people should be willing to pay a premium to work with you because of your knowledge and experience. Otherwise, they can go with any Redfin agent they’ve never heard of.
Use Your Brokerage as a Reason
Some brokerages will have a minimum requirement for the percentage of commission you can earn as an agent. This is related to our “Just Say No” approach. You now have a clear and concise reason why you will not be able to offer your services at a reduced rate.
Explain Where the Commission Goes to
That commission isn’t yours to keep. That money will go into photographs, marketing, and returning to the brokerage. By lowering the price of your real estate services, you should be able to reduce your spending on each of these products. Let them know that it isn’t entirely for you; it is used to ensure that the house is sold. You can answer “Yes,” but then add, “But that means there won’t be enough money left in the budget to organize an open house or sell it outside of my immediate network.”
There is No Commission if There is No Sale
Simply telling them you can’t discuss the commission discount since there isn’t one yet is an efficient approach to put the subject to rest.
Discounted Agents Bring Discounted Services
Being a discount agent is in no way a bad thing! In fact, we’ve noticed that it appeals to the type of seller that enjoys saving money. Discounting your services, however, comes with the risk of spreading yourself too thin across all of your clientele.
Should you buy insurance from a friend?
If you own a car, you won’t need non-owner auto insurance because your liability insurance will most likely cover you if you rent or borrow another person’s vehicle. Typically, you’ll have some liability coverage, but just to be sure, check with your insurance.
How do you politely decline an example?
When deciding how to say no, you may find yourself at a loss for words. When in doubt, these phrases will assist you in politely declining any request, so keep them in your back pocket. Alternatively, you can save this page as a bookmark.
Can someone take out life insurance on me without me knowing?
The individual whose life will be insured must sign the application and grant consent when purchasing life insurance. So, no, you can’t buy life insurance on someone without telling them; they have to agree to it.
Can someone take out a life insurance policy on me without my knowledge?
In order to buy a life insurance policy, you must demonstrate that you have insurable interest. The term “insurable interest” refers to the fact that the policyholder would be financially affected if the covered individual died. There are several linkages that produce an insurmountable fascination.
You’re always supposed to have a vested interest in your own well-being.
You are free to obtain life insurance on your own life.
A direct family member, such as a spouse, kid, or parent, is likewise presumed to have an insurable interest in you.
An insurable interest could exist on the life of a caretaker or guardian who is not a parent or the child they are in charge of, a business relationship such as key man life, or even a creditor or lender, as we move away from the family core.
Every state has its own set of rules for assessing whether the beneficiary of a life insurance policy and the insured person have an insurable interest.
To Purchase Life Insurance for Another Party, You Will Need:
To summarize, you cannot take out a life insurance policy on someone without their consent, and no one should be able to do it against your will. In order for a policy to be legitimate, the owner must:
- To demonstrate your insurable interest in a clear and concise manner. To put it another way, you’ll have to demonstrate why you want to insure the person. Insurable interest means you have a financial stake in the person you’re insuring, such as if your spouse is the family’s main breadwinner and you and your children rely on his income.
- To obtain the consent of the person who will be covered. An insurance firm will require the insured to sign crucial documents before issuing a policy; in other words, they must give their consent for the coverage.
- The covered person has a medical examination. Before providing a life insurance policy, most insurance carriers will demand a medical exam to establish the risk of covering the individual.
- Underwriting can be completed without the requirement for any further requests that can only be fulfilled by the insured individual.
Even if someone manages to defraud a life insurance company and obtain a policy, they are unlikely to be able to collect the death benefit. Given the risks and limited likelihood of success, it just does not make sense to try to get around the insurance companies today. If you think that someone has taken out a life insurance policy on your life without your permission, please contact the life insurance regulatory office in your state.
How can you find out if someone has a life insurance policy on you?
- It’s possible that someone will take out a life insurance policy in your name without your knowledge. It is, however, uncommon and difficult.
- You have no authority to terminate a life insurance policy that has been taken out in your name. Only the policy’s owner has the authority to cancel it.
- Check your personal paperwork for life insurance coverage or contact your state insurance department to see whether someone has taken out an insurance policy on you.
- If you discover that someone has taken out a life insurance policy on you, work with the insurance company to rectify the situation.