Yesterday I wrote a post on the subject of Commissions and the Rookie agent.  I got a lot of feedback however most of the feedback was about how taking a listing at a reduced fee was somehow unprofessional and that it showed weakness of the agent.  I won't get into the arguments here, however do feel free to review the original post.

Today I'm kind of interested in what are the Sacred Cows of Real Estate?

Commissions certainly fall in that category.

Another Sacred Cow seems to be that for an agent to have a growing business one needs to focus the majority of time aquiring listings.  I've certainly done well on the buyer side of the equation without many listings over the 7 years I've been in the business and in most respects I think that was a good decision for me.

What are some of the other Sacred Cows of real estate?  Do you have any that you think should be challenged as a norm for the industry?  Let's challenge them together.  Please feel free to reply to this post and we'll either start a new conversation on the topic or simply discuss it in the comments section.

All the Best,

Glenn Sanford
--
Founder / CEO
BuyerTours Realty LLC
Direct: 360-220-1470

http://www.BuyerTours.com/

 

6 Comments on Sacred Cows of Real Estate

APR
18
330,515 Points 5 Featured Posts Outside Blog

Good post. .and very smart focusing in buyers but only at this time. .  my experience in real estate tells me that when you have a listing/. no matter what market. .you have control. It seems to work for me.

4:21am • #1
Hit Router

I have always focused on listings, and get buyers as a result of those listings.  Here is a question, what do buyers buy? Listings!  You just have to have more well priced listings in this market. ~jen

5:43am • #2
178,102 Points 1 Featured Post Localism Sponsor

Glenn,

If you keep in contact with all these buyers over the 7 years look @ all the listings you will have. Always remember "List to last !"

6:27am • #3
310,537 Points 3 Featured Posts Hit Router

Glenn, you're right.  Many people feel the way to success in real estate is listing, listing, listing.  But, I know a number of very successful agents that just don't like to list, work really well with buyers and do very well.  Really, there should be no sacred cows, what works for you should be great.  Find your niche and run with it.

6:39am • #4
225,414 Points 1 Featured Post

Conventional wisdom (and many real estate courses and books0 do say listings are the key to power, but it "aint necessarily so" as many succesful buyer agents prove, not to mention agents who just REFER business - whether listings or buyers.

6:48am • #5
221,037 Points 4 Featured Posts Outside Blog

Glenn, I think you have to work both sides in any market. When the market turns and it will, you will left out in the dust if you don't have any listings. I'm from the old school, listings are the "bread and butter" of this industry.

8:17am • #6

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Glenn Sanford

Bellingham, WA

More about me…

eXp Realty & Working The Magic, LLC

Address: 1313 E. Maple Suite 234, Bellingham, WA, 98225

Office Phone: (360) 647-1820 x 102

Cell Phone: (360) 389-2426

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