Robert May, Real estate consulting (Robert W May - Lethbridge Real Estate)

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Rainmaker
1,504,290
Lyn Sims
RE/MAX Suburban - Schaumburg, IL
Schaumburg IL Real Estate

I say we don't discuss the topic at all.

Jun 07, 2016 09:37 PM
Rainmaker
2,970,401
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

% of sale price.

Jun 07, 2016 08:55 PM
Rainmaker
4,309,210
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Robert,

I agree with Lyn Sims 

Jun 07, 2016 11:57 PM
Ambassador
3,912,547
Jeff Dowler, CRS
Solutions Real Estate - Carlsbad, CA
The Southern California Relocation Dude

Not sayin'

Jun 07, 2016 11:54 PM
Rainmaker
983,648
Sam Shueh
(408) 425-1601 - San Jose, CA
mba, cdpe, reopro, pe

Should be based on hours spent like lawyers,

Jun 07, 2016 10:34 PM
Rainmaker
1,023,712
Anthony Acosta - ALLATLANTACONDOS.COM
Harry Norman, REALTORS® - Atlanta, GA
Associate Broker

Amen Lyn Sims 

Jun 07, 2016 11:20 PM
Rainmaker
2,422,957
Richie Alan Naggar
people first...then business Ran Right Realty - Riverside, CA
agent & author

As long as it is six of one and a half a dozen of another it doesn't matter to me

Jun 07, 2016 10:54 PM
Rainmaker
3,164,528
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Not a topic I want to discuss!

Jun 07, 2016 10:02 PM
Rainmaker
4,431,972
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

I do not discuss commissions online.

Jun 07, 2016 09:40 PM
Rainmaker
821,770
Jennifer Mackay
Counts Real Estate Group, Inc. - Panama City, FL
Your Bay County Florida Realtor 850.774.6582

% of sale price is fine with me - most of the time

Jun 07, 2016 09:23 PM
Rainmaker
1,816,801
Michael J. Perry
KW Elite - Lancaster, PA
Lancaster, PA Relo Specialist

Small $$ upfront & % of Sale Price

Jun 07, 2016 09:17 PM
Ambassador
2,343,939
Fred Griffin presently on Leave of Absence
Fred Griffin Real Estate - Tallahassee, FL
Licensed Florida Real Estate Broker

Sorry, I cannot discuss commissions with other Brokers or their Agents.

               

Jun 08, 2016 04:52 AM
Rainmaker
2,762,679
Kathleen Daniels
KD Realty - 408.972.1822 - San Jose, CA
San Jose Homes for Sale-Probate & Trust Specialist

Whatever is negotiated. 

Jun 08, 2016 01:46 AM
Rainmaker
337,589
Brenda J. Andrew
ULTIMA REAL ESTATE - Corpus Christi, TX
Professional Realtor in Corpus Christi, TX

% of the sales price - unless the price is too low then a flat fee

Jun 07, 2016 10:52 PM
Rainmaker
277,288
Buzz Mackintosh
Mackintosh REALTORS - Frederick, MD
“Experience, reliable, leadership”

If you are working for Seller , I would recommend % of SP. Greater incentive to get the best price for the property

Jun 07, 2016 08:51 PM
Rainmaker
3,237,989
Michael Jacobs
Pasadena, CA
Los Angeles Pasadena 818.516.4393

I prefer to listen to Lyn Sims.

Jun 08, 2016 09:59 PM
Ambassador
2,848,810
Tammy Lankford,
Lane Realty Eatonton, GA Lake Sinclair, Milledgeville, 706-485-9668 - Eatonton, GA
Broker GA Lake Sinclair/Eatonton/Milledgeville

My preference is staying out prison by not discussing commission with agents not at my firm.

Jun 08, 2016 01:21 PM
Ambassador
1,769,665
Noah Seidenberg
Coldwell Banker - Evanston, IL
Chicagoland and Suburbs (800) 858-7917

I agree with Lyn Sims 

Jun 08, 2016 01:04 PM
Rainmaker
3,063,553
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

% of sales is what I perfer.

Jun 08, 2016 03:12 AM
Rainmaker
1,523,560
Sybil Campbell
Long and Foster REALTORS® 5234 Monticello Ave Williamsburg, Virginia - Williamsburg, VA
REALTOR® ABR, SFR, SRES Williamsburg, Virginia

I go with our office policy which is not based on a flat fee. Many members are hesitant to answer this question at all as you can see from some of the answers.

 

Jun 08, 2016 12:48 AM
Rainer
69,288
Shawn and Angela Miller
Berkshire Hathaway HomeServices Amabassador Real Estate - Lincoln, NE
Lincoln and Omaha, NE REALTORS®

% of sales prices for me unless it is a very low priced property, than flat fee.

Jun 07, 2016 11:43 PM
Rainmaker
4,865,104
Barbara Todaro
RE/MAX Executive Realty - Franklin, MA
Marketing Agent for The Todaro Team

my main focus is on making the phone ring and getting hired.... 

Jun 07, 2016 11:36 PM
Rainmaker
3,049,771
Tony and Suzanne Marriott, Associate Brokers
BVO Luxury Group @ Keller Williams Arizona Realty - Scottsdale, AZ
Serving Scottsdale, Phoenix and Maricopa County AZ

parked and reading

Jun 07, 2016 11:11 PM
Rainmaker
742,782
Annette Lawrence , Palm Harbor, FL 727-420-4041
ReMax Realtec Group - Palm Harbor, FL
Making FLORIDA Real Estate EZ

There are more than two business models that affect the fees associated with professionals services.

As noted by others, more needs to be known about the subject marketplace in addition to the capacity of the business offering the service. If success is dependent on volume, the organization must have the infrastructure and budget to make a volume model work.

Depending on the problem that is to be solved I can offer either choice to the buyer or seller. Success depends on preventing mission creep. Discounting plus full service means someone is not being truthful.

My PREFERENCE is the FULL service model (in the true sense) with compensation based on a percentage of sale. However, a dynamic is in transition that challenges that model and the astute business person needs to move away from the 'One Size Fits All' mentality unless the limited model is embraced and 'no touch' applies to all clients. The limited service, never leave your desk model, can work.

Jun 07, 2016 10:29 PM
Rainmaker
910,462
Thomas J. Nelson, Realtor, ePRO, CRS, RCS-D
Big Block Realty 858.232.8722 - La Jolla, CA
& Host of Postcards From Success Podcast

Depends on the circumstances; percentage 99% of the time, but I've done flat fees where it was a done deal I was hired to essentially just shuffle paperwork. No labor off the computer essentially.

Jun 07, 2016 09:08 PM
Rainmaker
5,261,719
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

Percentage.

Jun 07, 2016 09:03 PM
Rainmaker
2,825,264
James Dray
Fathom Realty - Bentonville, AR
Exceptional Agents, Outstanding Results

It all depends on the price. 

Jun 07, 2016 08:26 PM
Rainmaker
982,279
Kevin J. May
Florida Supreme Realty - Hobe Sound, FL
Serving the Treasure & Paradise Coasts of Florida

No preference, it's a matter of the terms we can agree to.

Jun 07, 2016 07:57 PM
Rainmaker
798,155
Diana Zaccaro
Tropical Beachside brokered by eXp - Cocoa Beach, FL
"The Accidental Blogger" Cocoa Beach, Florida

Discussing commissions in any fashion is a very slippery slope here in the United States due to anti-trust laws. Perhaps things are different in Canada?

As many others have said, this is not a topic I will discuss.

As an aside, Roy Kelley posted an interesting anti-trust question the other day that might help you understand our laws.

I posted a quiz on anti-trust law from NAR as a follow up to Roy's post. Perhaps that will also help you see why this is such a controversial topic for us.

 

Jun 09, 2016 09:03 AM
Rainmaker
723,904
Olga Simoncelli
Veritas Prime, LLC dba Veritas Prime Real Estate - New Fairfield, CT
CONSULTANT, Real Estate Services & Risk Management

Isn't a commission same as % of sale price. The fee structure can be anything you negotiate. 

Jun 09, 2016 06:24 AM
Rainmaker
1,477,256
Inna Ivchenko
Barcode Properties - Encino, CA
Realtor® • Green • GRI • HAFA • PSC Calabasas CA

It is always % of a sale price. But I would not mind flat fee for each service, clients would see how much we do. 

Jun 08, 2016 05:52 PM
Rainmaker
532,544
Robert May
Robert W May - Lethbridge Real Estate - Lethbridge, AB
Real estate consulting

totally shocked at how misinformed so many established agents are in believing they can't answer such a question.  Its actually embarassing.

Jun 08, 2016 03:17 PM
Rainmaker
3,977,611
William Feela
WHISPERING PINES REALTY - North Branch, MN
Realtor, Whispering Pines Realty 651-674-5999 No.

I do both...Flat on small priced properties

Jun 08, 2016 01:26 PM
Rainmaker
586,283
Sharon Kowitz
CRS-SRES-ABR-GRI-E-Pro-CREN Fonville Morisey Cary, NC - Cary, NC
Cary, NC Relocation Specialist ~ Buying or Selling

% of sales price

Jun 08, 2016 12:53 PM
Rainmaker
1,210,224
Ryan Huggins - Thousand Oaks, CA
www.HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

Depends on the listing and a few other factors.

 

(There did that answer the question while avoiding anti-trust grey areas?)

Jun 08, 2016 11:01 AM
Rainmaker
4,796,451
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

I would prefer a pay as you go fee for work performed.

Jun 08, 2016 06:25 AM
Rainmaker
506,933
Dan Tabit
Keller Williams Bellevue - Sammamish, WA

When I'm a consumer, I want to know that the person I hire is committed to our goals. A flat fee service seems cheaper, but the commitment is missing as they receive little if any benefit from the outcome.  I practice a percentage and believe it connects me to the clients best possible outcome.  

Jun 08, 2016 05:37 AM
Rainmaker
147,907
Esther Preston
Heartland Realty - Redmond, OR

% of Sales Price for this girl

Jun 08, 2016 12:36 AM
Rainmaker
2,890,735
Richard Weeks
Dallas, TX
REALTOR®, Broker

My business model is not fee based.

Jun 07, 2016 11:14 PM
Rainmaker
416,696
Greg Cremia
Shore Realty of the Outer Banks - Nags Head, NC

I prefer a flat fee upfront like every other service provider. But not a discount fee for partial sevices. Set fee, paid for services provided just like i pay everyone else regardless of the outcome. But sellers don't want to pay upfront, so they end up paying a commission.

Jun 07, 2016 10:56 PM
Rainmaker
1,366,727
Michael Setunsky
Woodbridge, VA
Your Commercial Real Estate Link to Northern VA

Robert May Consulting on an hourly basis.

Jun 07, 2016 10:56 PM
Rainmaker
1,675,306
Larry Johnston
Broker, Friends & Neighbors Real Estate and Elkhart County Subdivisions, LLC - Elkhart, IN
Broker,Friends & Neighbors Real Estate, Elkhart,IN

That's one subject that we don't discuss.

Jun 14, 2016 03:09 PM