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New Home Construction and Commissions

By
Real Estate Agent with Real Living Real Estate Solutions

During the Boom, there was a certain builder in our market, who decided that commissions would be a fixed amount of $3,000. Whether you sold a $200,000 or $800,000 home, you got $3,000. Realtors throughout the land griped and grumbled. We planned our revenge and many decided that they would not educate their customers about this builder's homes. Agents knew that they were not ethically able to do this but with a little tweak here and there, who would notice?

We all know that the market took a turn...a sharp turn. This same builder not only went back to 3% commission but often offered bonuses and incentives for agents to sell their homes.

Realtors have short memories...especially when it comes to commissions. I won't go as far as saying that agents are only out for the money but if it can be done with a bonus on top of it...all the better!

Most agents would not turn down a customer who wanted to buy a home with a builder, even if we don't especially care for their business practices. Would you?

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