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Commission "Justification"?? DON'T "Tear It Up"!!

By
Real Estate Agent with Serving the Greater Phoenix and Scottsdale Metropolitan Area BR534744000 & BR540649000

 

I've read in the 'Rain, and elsewhere, that one technique for justifying the amount of commission to a Seller requires the use of a few dollar bills - just how many - that's for each of us to decide - and not to collude.

 

Step 1 - Place the bills in a small stack in front of the Seller.

 

Step 2 - Remove some bills from the stack, set to one side, and observe that this is the amount offered to the Broker who brings the Buyer

 

Step 3 - Remove a bill or two from the stack, set to one side, and observe that this is the amount that goes to the Listing Brokerage and the expenses of the sale.

 

Step 4 - Take what's left and tear it into pieces to show all your other expenses, and therefore what's left for you as commission.

 

Only proceed with the crossed out Step 4 above if you are interested in a fine or imprisonment!

 

Don't take my word for it - read on!

 

Defacement of Currency

"Defacement of currency is a violation of Title 18, Section 333 of the United States Code. Under this provision, currency defacement is generally defined as follows: Whoever mutilates, cuts, disfigures, perforates, unites or cements together, or does any other thing to any bank bill, draft, note, or other evidence of debt issued by any national banking association, Federal Reserve Bank, or Federal Reserve System, with intent to render such item(s) unfit to be reissued, shall be fined under this title or imprisoned not more than six months, or both."

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About the Authors - Updated 2018

If you are considering a Traditional or Short Sale of your home in Phoenix, Scottsdale or any location in Maricopa County Arizona, you owe it to yourself to talk with Haven Express @ Keller Williams Arizona Realty to determine whether Tony and Suzanne Marriott are the best real estate Brokers in the Phoenix and Scottsdale metropolitan area to help you with the Successful Sale of your home.

Tony and Suzanne have personally Listed, Sold and Closed more than a hundred Short Sales with the highest list to close rate in the Phoenix Metro Area!

Tony Marriott - Chief Executive Officer - Haven Express @ Keller Williams Arizona Realty

Suzanne Marriott - Chief Learning Officer - Haven Express @ Keller Williams Arizona Realty

Associate Brokers, REALTORS
Haven Express
Keller Williams Arizona Realty

Comments(22)

Liz Wallace
Century 21 Sherlock Homes - Rockville Centre, NY
Broker C21 Sherlock Homes, Rockville Centre, LI, N

I'm not tearing up any of my money, I'm kind of hoping my reputation is justification enough.

May 16, 2016 04:00 AM
Chrissi Chapman Topoleski
Coldwell Banker Realty - Woodbridge, VA
Helping agents live an exceptional life!

I'd be tearing up my lunch money! I don't care how much I made, I would never do that!

May 16, 2016 04:07 AM
Gary L. Waters Broker Associate, Bucci Realty
Bucci Realty, Inc. - Melbourne, FL
Eighteen Years Experience in Brevard County

I was trying to think of a snappy, witty and humorous line about about tearing up money...There is none!

May 16, 2016 05:09 AM
Conrad Allen
Re/Max Professional Associates - Webster, MA
Webster, Ma, Realtor

Hi Tony and Suzanne.  I don't think I would do that.  Strange.

May 16, 2016 09:11 AM
Tammy Lankford,
Lane Realty Eatonton, GA Lake Sinclair, Milledgeville, 706-485-9668 - Eatonton, GA
Broker GA Lake Sinclair/Eatonton/Milledgeville

I have heard the use dollar bills example and never once heard to tear the last bill up.  The last one I get to keep after I've explained where the rest go

May 16, 2016 01:52 PM
Carla Muss-Jacobs, RETIRED
RETIRED / State License is Inactive - Portland, OR

It's almost like tearing off the tag on the mattress . . . if no one sees you do it, or if no one tells on you, does it matter?  I wouldn't tear up money anyway, but you know what I mean!  

May 16, 2016 02:05 PM
Tony and Suzanne Marriott, Associate Brokers
Serving the Greater Phoenix and Scottsdale Metropolitan Area - Scottsdale, AZ
Coldwell Banker Realty

In this case yes Raymond E. Camp - thanks for stopping by with a comment!

May 16, 2016 11:43 PM
Tony and Suzanne Marriott, Associate Brokers
Serving the Greater Phoenix and Scottsdale Metropolitan Area - Scottsdale, AZ
Coldwell Banker Realty

Agreed George Souto - thanks for stopping by with a comment!

May 16, 2016 11:43 PM
Tony and Suzanne Marriott, Associate Brokers
Serving the Greater Phoenix and Scottsdale Metropolitan Area - Scottsdale, AZ
Coldwell Banker Realty

Makes sense to me Liz Wallace - thanks for stopping by with a comment!

May 16, 2016 11:44 PM
Tony and Suzanne Marriott, Associate Brokers
Serving the Greater Phoenix and Scottsdale Metropolitan Area - Scottsdale, AZ
Coldwell Banker Realty

A prudent approach Chrissi Chapman Topoleski - thanks for stopping by with a comment!

May 16, 2016 11:45 PM
Tony and Suzanne Marriott, Associate Brokers
Serving the Greater Phoenix and Scottsdale Metropolitan Area - Scottsdale, AZ
Coldwell Banker Realty

Agreed Gary L. Waters, Broker Owner, Waters Realty of Brevard, LLC !! - thanks for stopping by with a comment!

May 16, 2016 11:45 PM
Tony and Suzanne Marriott, Associate Brokers
Serving the Greater Phoenix and Scottsdale Metropolitan Area - Scottsdale, AZ
Coldwell Banker Realty

Neither would I Conrad Allen - thanks for stopping by with a comment!

May 16, 2016 11:45 PM
Tony and Suzanne Marriott, Associate Brokers
Serving the Greater Phoenix and Scottsdale Metropolitan Area - Scottsdale, AZ
Coldwell Banker Realty

I've read it a few times Tammy Lankford, - thanks for stopping by with a comment!

May 16, 2016 11:46 PM
Tony and Suzanne Marriott, Associate Brokers
Serving the Greater Phoenix and Scottsdale Metropolitan Area - Scottsdale, AZ
Coldwell Banker Realty

If a tree falls in the woods... Carla Muss-Jacobs, Principal Broker/Owner - thanks for stopping by with a comment!

May 16, 2016 11:46 PM
Carla Muss-Jacobs, RETIRED

Exactly!  LOL

May 17, 2016 02:38 AM
Margaret Rome Baltimore 410-530-2400
HomeRome Realty 410-530-2400 - Pikesville, MD
Sell Your Home With Margaret Rome

This technique was first used by Floyd Wickman more than 20 years ago. He never tore the bills...just folded the last one up and put it in his pocket. 

May 18, 2016 01:43 AM
Tony and Suzanne Marriott, Associate Brokers
Serving the Greater Phoenix and Scottsdale Metropolitan Area - Scottsdale, AZ
Coldwell Banker Realty

Floyd had the right idea Margaret Rome, Baltimore Maryland - always good to hear from you!

May 18, 2016 01:45 AM
Margaret Rome Baltimore 410-530-2400
HomeRome Realty 410-530-2400 - Pikesville, MD
Sell Your Home With Margaret Rome

Tony and Suzanne Marriott, Associate Brokers I, too, have used this dollar bill technique.

May 18, 2016 01:59 AM
Tony and Suzanne Marriott, Associate Brokers
Serving the Greater Phoenix and Scottsdale Metropolitan Area - Scottsdale, AZ
Coldwell Banker Realty

Without tearing it up - correct Margaret Rome, Baltimore Maryland ?

May 19, 2016 12:50 AM
Margaret Rome Baltimore 410-530-2400
HomeRome Realty 410-530-2400 - Pikesville, MD
Sell Your Home With Margaret Rome

Tony and Suzanne Marriott, Associate Brokers Without tearing it up...that is correct!

 

May 19, 2016 03:48 AM
Tony and Suzanne Marriott, Associate Brokers
Serving the Greater Phoenix and Scottsdale Metropolitan Area - Scottsdale, AZ
Coldwell Banker Realty

That's good Margaret Rome, Baltimore Maryland !

May 19, 2016 11:45 PM