Wow, I must have hit a soft spot. So many replies.Keep the same, nickle and diming things to wanting to double all transactions, to look out side the box, but lets duck back into the box. When you think about it doesn't the buyer brings all the money to the table. We as listing agents explain how it gets divided up. 

Let me offer some other thought. First, I am a listing agent on our team. Our buyer brokers are free to negotiate their fees above any fee they consider to low for their services. Cool. They have ben getting paid better than the listing broker on our team. Right now they are spending more time with each buyer, and doing more counseling. We double end less than 10% of our team listings. It would be nice to list at a given percentage and have the buyer broker include in their offer what funds will go to them as a fee at the closing out of the monies they, the buyer, bring to the table. Think about it. Give it some thought. It works very well, and they get paid for the job they do.It make them a better salesperson, and the buyer get better service. Before this all starts, they work with only buyer who have signed a buyers broker contract. A full explanation of how we represent them, and a written commitment of what we do for them.It is GOOD BUSINESS, and very open as to the services we render to the buyers. 

 
Posted by Bill Fooks on 12/20/2009 02:15 PM   Comments (1)   Commissions in the ActiveRain Channel  
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Commissions and how they are presented
12/20/2009
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I wonder, and think about this a lot with our changing business. Why do I as a listing broker determine the buyer brokers fee. Should I not present to our sellers what I am worth earning, and the buyer broker sign their contract for fees with their… more
Teams In Real Estate
11/22/2009
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Creating a team is work. It should be done with a goal in mind. This goal should be to better serve the public. When a single agent gets to busy, they will slow down in some areas of service. A team within an office seems to be a good solution… more
Why not make Home Inspections mandatory?
03/18/2009
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I think making things mandatory is kind of foolish. Why not have advise the buyer its a good idea. Costs always go up things are mandatory. Via Sara Goodwin - Portland, Oregon Appraiser (Ashcroft & Associates) : We're in the middle of an economic… more
Are we really good sales people?
12/20/2008
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In real estate we want to be many things. Professionals, adviser, but how about real good sales people, who really know our business. I like being a really good sales person, especially a Real Estate Sales Person more
It is a great market!!
11/17/2008
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Buy a home now! Are you crazy? Prices are down, interest rates are low, money is available. I wonder if this will pas? They stopped making land some time back. Cities and towns make it more expensive to build. People are staying in their house… more
Todays Market
11/15/2008
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Opportunity abounds. When properties become "income compliant" you see sales pick up. Income compliant means that the average income in your area supports the medium purchase price, with normal underwriting guide lines. Look at the market your in… more
 

Bill Fooks

West Warwick, RI

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Coldwell Banker

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