brokerage: Before you go By Owner or use a Discount Agent and offer a very low commission...
- 11/03/09 01:19 AM
Some sellers in an attempt to save real estate commissions use various systems of FSBO (For Sale By Owner). Traditionally, FSBOs were not allowed in the MLS because no agent was involved and therefore did not benefit from Realtor.com. With the emergence of Discount Brokers who offer flat fee MLS exposure, and therefore Realtor.com presence, FSBOs now had a platform that allowed them to save 50% of the commission since they did not pay a commission to the listing broker. Then things got a little hairy when discounters started taking lots of listings and traditional agents started complaining to their MLS. Some … (5 comments)
brokerage: Single Agent, Transaction Broker, and Professional Courtesy Explained.
- 10/18/09 03:39 AM
In Florida the two most used types of relationships are Transaction Broker and Single Agency. When you operate as a transaction broker, you have to do what is right to make the deal work without hurting any party. There is no fiduciary relationship and you cannot say things like I work for the best interest of the seller or the buyer. If you say something like that you are implying a fiduciary duty of Single Agency, not Transaction Broker. When you have disclosed that you are acting as a Transaction Broker and you say that you will disclose price and terms of … (2 comments)
brokerage: Tips on Choosing a Brokerage Company for New Agents.
- 10/17/09 01:53 AM
So you are new to the biz and don't know where to start ? First off understand that being an agent is a contact sport. You are in the lead generation business, no leads-no deals. Please don't have the unrealistic expectation of looking for a Broker who is going to just feed you leads... You are on your own, this is your business, you can build it as big as you want. Here are my pointers on what the company should offer you: - Free education and training. The State licensing has one objective: protect the public from unscrupulous agents. It … (3 comments)
Some sellers in an attempt to save real estate commissions use various systems of FSBO (For Sale By Owner). Traditionally, FSBOs were not allowed in the MLS because no agent was involved and therefore did not benefit from Realtor.com.
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