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Blog entries tagged with "real estate commissions":
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In 2002, I was doing our first year-end sales figures, adding up the total commissions that our advertisers saved by selling their homes using our for-sale-by-owner service here in Western Mass. My very astute 12 year old daughter asked me what I was doing. I was at a loss for words … (0 comments)
The average real estate agent makes right around $39,421 a year gross from selling real estate. This number which I got from Salary.com and that is about $9,000 a year higher than what the US Department of Labor figure is, is still reflective of what I think is one of the … (12 comments)
Worrying about what you pay, instead of what you get, is a mistake that will cost a seller thousands in the current Real Estate market. 
1 Simple Secret on Making your business 7 times better than the average agent!
Real Estate Brokers in Florida are winning many legal battles over their rights to keep their commissions that were paid to them by developers. The developers are in a bind because buyers have been rescinding their contracts on new condos. Most of these luxury condominium projects were being marketed to real estate … (19 comments)
Wow......what a pain. How many times do people come to you and ask you to cut your commission on a sale ? When it happens, you think.....I have put hundreds of hours into becoming the professional that I am, and spent thousands of dollars to be able to offer top quality service … (0 comments)
I am curious to hear what real estate commissions are doing in your area through this current real estate roller coaster. Here in Sarasota, Florida the average real estate commission is on the rise.
If your resume could talk,what would it say about you? As a real estate professional you wear many hats. Do you convey these to your clients. There are really over a dozen titles you could claim quite easily. Just for fun and giggles, I've listed 10 and added their value in … (18 comments)
Real estate agents are paid on commission. A majority of the time, both the buyers and sellers commission are paid from the selling price of the home. Although there is NO standard set commission rate and they may vary widely between Real Estate Brokerages, Commissions are calculated from the percentage … (0 comments)
I’ve been an advocate of trashing ‘The Traditional 6% Real Estate Commission Model’ for almost 10 years. When I owned a brokerage I offered alternative commission models to clients and was nearly hung, tarred and feathered (definitely blackballed) at the bequest of numerous other Realtors and NAR’s local chapter.
A common misconception I see regularly with first time homebuyers and sometimes repeat buyers is that they don't understand how and by whom real estate commissions are paid. The graphic below shows how commissions are paid in a typical real estate transaction. As you can see in this model and in … (0 comments)
Wow......what a pain. How many times do people come to you and ask you to cut your commission on a sale ? When it happens, you think.....I have put hundreds of hours into becoming the professional that I am, and spent thousands of dollars to be able to offer top quality service … (5 comments)
I take issue with real estate agents stating statistics that only prove their point. Let's look at how a real estate agent basis their value. Most real estate agents base it on a 5 or 6 percent commission based on sales price. The agent then paints a picture that looks pretty … (1 comments)
Realty RI.com Is ClosedAccording to the Rhode Island Department of Business Regulation, Edward and Tracie Kedzierski have surrendered their real estate licenses to DBR and have closed both the Newport Rental Guide and Realty RI.com. They informed DBR that they have released their listings and clients. As a result, neither Ms.or … (6 comments)
First let me start off by saying that not all agents charge 6% commission. Commissions are negotiable. Some agents charge less and some charge more. With that being said, let me share with you why many agents charge 6% commission and why most agents won't negotiate that commission down if you … (2 comments)
Real Estate Commissions in Omaha: Everything You Need to Know
Over at the Inman Blog they wrote a post about the new Department of Justice website that addresses their issues with competition in the real estate industry. It shows a chart that illustrates the increase in commissions per transaction since 1998.There are three seriously flawed assumptions that are made in their … (0 comments)
I read a Inman News article today on the DOJ "Competition and Real Estate" website. It struck me as terribly one-sided, and I wanted to share my response with you all in hopes that others will send them a comment as well.----- Original Message ----- From: Mary "B" Battaglia To: antitrust.atr@usdoj.gov Subject: your … (0 comments)
On my way out to dinner with a client tonight I saw an email from Inman News about the DOJ creating a website that offers up a real estate commission increase over time chart explaining how real estate commissions, on average, went up a whopping $2,102 between 1998 and 2007. The … (5 comments)
In real estate there is always tremendous resistance to change, yet change is inevitable as the changing tides. Some will survive,and some will not. Charles Darwin is pretty much accepted today for his theories on the subject of survival of a species. So how will we adapt to change personally? Change occurs every day, … (30 comments)
Blogging has hit the real estate industry...and it just may upend a marketplace known for inefficiency and restricted information. There are hundreds, perhaps thousands, of blogs covering real estate and they shine unfiltered lights on their subjects, reporting market gossip, innuendo, facts, opinion, virutally anything. "Blogs are telling like it is at the … (2 comments)
I am interested in hearing what other typical company deals are. I am a Keller Williams agent here. I picked KW because I liked what I heard from other people who went to KW from other companies. One of the biggest group of people I heard from were a group who … (5 comments)
I heard there are offices that are offering agents a monthly draw on commissions. They even pay out $500 a month for the first 3 months until the agent gets a deal. Does this really work? My question is what happens when the agent doesn't perform or close a deal? And doesn't this … (12 comments)
If you are in a battle but don't realize it or refuse to acknowledge it, you are sure to lose. Underestimating your competition can prove fatal. For years, real estate commissions have been under attack. Historically, FSBO's and discount brokers have been a small share of the market, while full service … (8 comments)
Say that fast 5 times!
The Real Estate blogosphere is busy buzzing about the 60 Minutes piece on the 6% commission and Redfin's assault on the commission's of Realtors.I was unable to catch the full piece, but saw the 13 minute clip up on 60 Minutes' web site. Here are my thoughts on the piece:Realtors, for the most … (5 comments)
I don't usually get so worked up over a 60 Minutes Report, it's one of my favorite shows. Tonight, however, I couldn't believe the things Leslie Stahl was insinuating on her "Red Fin" discount internet real esate report and the demise of the 6% commission. If you missed it you can … (58 comments)
THE ONLY DIFFERENCE BETWEEN PRICE FIXING AND REAL ESTATE COMMISSION NEGOTIATIONS IN THE SPIRIT OF FAIR TRADE, IS WHOSE HANDS THOSE ARE!!IF THAT IS AN AGENT AND THE AGENT'S CLIENT SHAKING HANDS AT THE END OF TALKS REGARDING REAL ESTATE COMMISSIONS, then that is Fair Trade.An agreement between a Consumer and a Professional … (15 comments)
April 19th, 2007 With an abundance of choices, sellers are finally able to gain control of the costs associated with selling their home. So, what is the best program for your situation?
I responded to a buyer's recent post on Sarah Cooper's blog, and decided to post it here. The buyer wrote:
Alright Gougers here's a warning for you.
Have you ever analyzed the business model your broker has? Try to run the numbers sometime and see just how much profit the owners(s) of your real estate brokerage really earn. I learned a lot about running a mortgage brokerage and real estate brokerage from 1999-2002. I’ve owned both and was … (4 comments)
With the slow down in the Phoenix and surrounding areas market we have been seeing some interesting commission offerings. For example one new builder locally was offering sixteen percent on a spec home. Others are averaging anywhere from three percent to eight percent. I was just curiou what the highest you may have … (4 comments)
I found this really good article in Broker Agent News written by Michael E. Parker (regarding reducing real estate commissions) which I would like to share with you. Here is just a sentencefrom the article "I have learned the true meaning of phrases like "damning with faint praise" and "accentuating the positive." … (7 comments)
Commissions paid to selling agents began to increase over a year ago in the San Diego real estate market. There was no great conspiracy--or even a little one--to adjust commission rates one way or the other. Real estate sales are subject to elementary market forces and when demand declines, premiums are … (4 comments)
The Hassles of selling your home "FOR SALE BY OWNER""6 things to think about before playing FSBO Follies"
Real estate commissions – you get what you pay for! One of the first questions that comes up when I meet with potential listing clients is commission rate. There’s a rampant belief that getting an agent to agree to a lower commission is always good for the seller. Why agree to … (4 comments)