What does “over broker “ a deal mean to you?
I hear the term every now and then but am not sure what it means.
[{"id": "f8wgu4d", "text": "Nothing", "replies": [{"id": "f8x8zjh", "text": "I kinda know what your saying but when you get a broker who does actually 'over broker' a deal, it's brutal to try and work with them. \nHustle is hustle but over brokering is definitely a real thing.", "replies": [], "depth": 2}], "depth": 1}, {"id": "f8woisf", "text": "Pushing it too hard. Making statements or aggressive assumptions to a point that hurts your credibility.", "replies": [], "depth": 1}, {"id": "f8wqedd", "text": "It means negotiating too hard and trying to win on every negotiating point.  The role of broker is to put a deal together - get a seller and buyer together for a fair price.  You don\u2019t need every detail to be in your favor.", "replies": [], "depth": 1}, {"id": "f8wss6f", "text": "A brokers job is a professional hand holder, guiding people through the process. Sometimes that can be a really hard squeeze. \n\nWe were selling a hotel in Hawaii. One guy wanted to show that he was paying attention and earning his share. He asked the client if they had terrorism insurance. \n\nDo I need terrorism insurance? \n\nTurns out the guy over brokered the deal and the client ended up paying 18K for insurance he really didn't need because someone wanted to look smart in front of everyone else.", "replies": [], "depth": 1}, {"id": "f8wu6vh", "text": "it also means that the deal died because the broker was being a smart ass.", "replies": [], "depth": 1}, {"id": "f8xb7ku", "text": "Phrase had a few applications, but a broker I used to work with would do this version. He was also an investor, so he would effectively put himself in the client's position and obsess over details and potential pitfalls that only mattered to him. Example: Broker pushed for a healthy 6-figure security deposit on a long term lease with an exceptionally wealthy individual who was basically going to renovate the property on his dime. LL/Owner was unsophisticated and had no idea. It was an absurd ask and it ultimately killed the deal. His intentions were pure as he was always working to get the best deal and protect the client, but he frequently did things that were far beyond a broker's scope and often to the detriment of a deal.", "replies": [], "depth": 1}]