Email Question: Will You Cut Your Commission?

Posture is everything...

What a great article.  Thank you!  I will often respond with something along the lines of, 'Mr. Seller, if you went to work at your job, and you did your job well and accomplished what you had been hired to accomplish, would you mind if your boss only wanted to pay you a portion of what your salary is because he needs to save money?'  And then there are those that say . . . 'you sold it so fast, will you reduce your commission?' My response - 'no, I'm going to charge you MORE' (that generally makes them back down) ;)))

Please understand that discussions of commission between agents is dangerous ground on which to tread. This blog post in itself would probably be alright. However, the minute other agents come into the discussion and start to use specific percentages, you start to run the risk of collusion. The fines for this kind of thing are enough to put even the most successful amongst us out of business.

I think the general public is by and large also completely unaware of just how much of that X% commission we actually get to pocket!  What's more is when they do go with the discounter and it DOES sell but sells for LESS than what it probably could have, they have no idea that they just LOST  money and instead pat themselves on the back for not paying that extra 1%!  That makes me sad because I know I could have helped them do better if only they weren't so focused on the bottom line commission number!

As Bob said, this is a slippery slope, so I will not comment except to say that when people ask about my commission, I give them examples of my worth.

Not only are the fines for specific violations horrific, and they will cost you your license, we had a BIG Realtor here in Denver who served jail time for this.  NOT a slope you want to slide on . . .