Reduced Commissions

Here's my take on reducted commissions. First and foremost, it underminds the value of what you do, and good agents don't budge often. If an agent is willing to reduce their commission in order to get the deal then I would sell the seller on the fact that they will probably be just the same when it comes time for negotiations...Who do you want in your corner???

In the San Diego real estate market, we are seeing hugely increased commissions for selling agents.

I agree Chaz.  Some agents are desperate for any listing; therefore they will take it at any cost.  It makes it difficult for other agents who are not willing to reduce their commissions.  I've recently lost a few listings because the client decided to work with another agent at a reduced rate.  Most of the time, the home sites for a longer than other homes because the listing agent isn't willing to put marketing dollars into selling the home.  That makes the average days on market longer.  It also makes it harder to get listings because consumers know that some real estate agents are willing to work for reduced rates in today's market.  Makes no senses to me also.  I just don't understand why agents are so eager to reduce.

GOOD THOUGHT CHAZ

Realtors are not the only ones having to lower the fees, Mortgage brokers are also.  At least i notice that i have had to. The market is so tight right now. It seems like we are working twice as hard for half the fee.

A little excercise in " How much is your time worth ".....hourly will give you a barometer from which to work from.  While there are times we all must concede in commissions we charge, our time, like everyone's, is worth money.

I've used the "you wouldn't ask your doctor for a discount" conversation. And it worked. Depends on the client what conversation I have.