Recently I had lunch with a couple of Real Estate agent friends of mine, mostly to discuss my recent decision to enter the Real Estate Business and get my license. The discussion came up about which Brokerage Model is the best to work under.
Agent X worked under the traditional full service model and they typically charged the industry standard 6%. This percentage was rarely negotiable and this Agent worked for a very larger international real estate broker.
Agent Z worked for a small regional Brokerage Firm. This firm worked under two different business models. They did the full service model but the 6% was negotiable. In fact about 20% of all homes listed by them fell at 5%. This regional Brokerage also did a flat MLS listing fee. This fee was either a monthly flat fee paid for a specific time or a flat fee paid one time for a specific time. They offered no services for this flat fee and the seller has to supply the property description, photos and sign a Unrepresented Seller agreement.
Both agents loved the model they worked under. Neither one of them had any desire to work under the other model My question to this community is which you prefer and why?
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