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I never engage in anti-competitive behavior. Are you sure?

By
Real Estate Broker/Owner with Richard Weisser Realty

“I never engage in anti-competitive behavior.” Are you sure by Richard WeisserIf you were to ask most real estate agents and brokers whether or not they employed anti-competitive practices in their businesses you would most likely get a litany of resounding denials.

As a rule, the real estate agent and broker community constantly strives to maintain a high standard of ethics and professionalism. But there are some pitfalls that can ensnare even the most well-intentioned licensee, to wit:

1)     Never discuss what a real estate broker’s standard fee structure should be.

2)     Never discuss what a real estate broker should or should not do for the money.

There are no generalities when it comes to price and level of service. To suggest that other brokers should or should not be performing specific duties or should charge more or less money or (where legal) should or should not offer customer/client incentives could fall into the category of anti-competitive behavior.

It’s best to limit the conversation what you do, and how much you charge for it.

 

Because that’s the only thing that you know for sure!

Than Maynard
Coldwell Banker Heart of Oklahoma - Purcell, OK
Broker - Licensed to List & Sell - 405-990-8862

You definitely have to be careful when discussing different companies and what they offer agents. You have to know to compete, but you must be careful.

Jul 23, 2014 12:28 AM
Tom Arstingstall, General Contractor, Dry Rot, Water Damage Sacramento, El Dorado County - (916) 765-5366
Dry Rot and Water Damage www.tromlerconstruction.com Mobile - 916-765-5366 - Placerville, CA
General Contractor, Dry Rot and Water Damage

It is best just to talk about what we do and for what price. We get prodded for feedback all the time when it comes to what the other guy is doing, it's best to stay in your own business Richard.

Jul 23, 2014 12:57 AM
Tom White
Franklin Homes Realty LLC (615) 495-0752 or www.FranklinHomesRealty.com - Franklin, TN
Franklin Homes Realty LLC, Franklin TN

Richard, we make it a rule not to talk about "the other guy" even if asked. Our presentations are all about what we provide in the way of service and what our commission is.

Jul 23, 2014 02:17 AM
Tammy Lankford,
Lane Realty Eatonton, GA Lake Sinclair, Milledgeville, 706-485-9668 - Eatonton, GA
Broker GA Lake Sinclair/Eatonton/Milledgeville

You know I recently even found myself having an issue with the discussion when an agent called me to do a CMA and wanted to pay me because she was NOT going to list with me.  She's listing herself, but practices in another market and had no idea where to price.  I was torn between discussing a price with her and just telling her to get an appraisal.

Jul 23, 2014 06:11 AM
William Feela
WHISPERING PINES REALTY - North Branch, MN
Realtor, Whispering Pines Realty 651-674-5999 No.

This is one of those semi-casual conversations that could be mis-interpreted real easily

Jul 23, 2014 09:13 AM
Peter den Boer
Atlanta Communities - Woodstock, GA
MBA,GRI, Associate Broker, Realtor

Richard - It never ceases to amaze me the shear number of ways to get into trouble in Real Estate.

Jul 23, 2014 10:23 PM