17 great questions from Realtors around America, and this video is one of Steve Wolvers 17 responses! This video is about discounting your real estate commissions
The word-for-word question was "Do You Discount Your Commission?"
To view this answer on Steve's Blog and many more click here: Do You Discount Your Commission?
14 videos have been posted so far on Activerain, view them all here: http://activerain.com/blogs/danemaxwell
Steve charges 7%, if your company doesn't let you set your own commission, and you don't like that - you might consider a brokerage that does... but I'm not an agent :-) my advice isn't worth much...
Steve's principle to take away from the video is to set yourself in the premier position in the marketplace, so you don't have to haggle or cut your commission to get listings. Clients want advertising and marketing and they will pay for it. That was his point I believe.
Thank you for your comment :-)
"I'm not an agent :-) my advice isn't worth much..."
In my eyes that actually makes it worth more ;)
Interesting point!
I've learned that Steve is a blunt, straight-forward guy. SteveSystem.com has actually helped clients get to know his side better, I've heard feedback that they enjoy the videos. It's all very intriguing to learn all of this from my perspective.
He has no shortage of calls, and his business is up while many agents in the same area are down, clients are coming to him for the advertising. Clients want their house sold and it seems they are paying for it to be!
It's hard to argue with the facts, and Steve has a lot of them to back it up :-)
Thanks Gary - Steve definitely has an upfront and blunt style that his clients have come to enjoy!
Very interesting point indeed, I had to watch the video again to have my personal take on it :-)
Dane Maxwell hopefully, you are still on Active Rain. There's a company here that started brand new with a 50Million investment that is advertising full page newspaper ads with a 2% selling commission and giving their 3% buyer commission over to the buyer. Agents are on a salary.
The time for the "discount" versus "traditional" commission has come and gone. The new words I see from consumer posts all over the web are "reasonable" and "exorbitant".
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