Now more than ever, I know that we have to be watching our expenses and doing all that we can to make money! But I have a gripe! We are getting out of control with the exorbitant MLS fees some agents are charging! Banks are taking away our commission, we have to pay our brokerage company and now we are gouging each other.
If the agents don't look out for and try to help one another, who will? We are all working hard right now. Seller's representatives have the expenses of carrying a listing and probably dealing with a bank if it is a short sale or REO. But Buyer's representatives are working their tales off as well. Buyer's have so many options. I would venture to guess from my experience that we are showing buyers an average of 10-15 homes before they decide on one. Many times they want to see more of the vast inventory that is out there or wait to see if the prices come down further. When they do make an offer, it is typically a low one! I am not complaining about what the buyers are doing, it's understandable but as a representative of one, we work hard for our commission these days. For us to work that hard and then have to take a 2 or 2.5% commission because that is all the bank will allow and and on top of it to have the listing agent charge you a $395 MLS fee is absurd!
I stand in protest! My team and I will lead by example! We vow never to charge the MLS fee again. I hope some of you will follow our example! If I stand alone, that's okay too. I feel it's the right thing to do!
Okay, I'll come down now. Can someone lend me a hand?
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