listings: We can't keep ignoring the Commission Issue!!! This might offend you.
- 08/13/08 06:49 AM
Because everyone is afraid of the FTC case against organized real estate for supposed price fixing of commissions, everyone seems afraid to even talk about it. Well, I am going to take the chance. My issue isn't whether commissions should be 6% or 20%. It is the way it is calculated that doesn't make sense. Does it really make sense that your commission should be based on how much a property sells for rather than the work that it takes to deliver the services. If it were marginal differences, like the bonus a Best Buy person receives for selling a $2000 … (9 comments)
Guy Berry is a frequent expert witness in real estate litigation and an accomplished trainer in real estate law and contracts. In addition he has been licensed for 30 years as an agent and managed large offices, including Coldwell Banker and Century 21.
Because everyone is afraid of the FTC case against organized real estate for supposed price fixing of commissions, everyone seems afraid to even talk about it. Well, I am going to take the chance. My issue isn't whether commissions should be 6% or 20%. It is the way it is calculated that doesn't make sense. Does it really make sense that your commission should be based on how much a property sells for rather than the work that it takes to deliver the services. If it were marginal differences, like the bonus a Best Buy person receives for selling a $2000 … (9 comments)
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