Scott Godzyk, One of Manchester NH's Leading Agents (Godzyk Real Estate Services)

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Debe Maxwell, CRS
www.iCharlotteHomes.com | The Maxwell House Group | RE/MAX Executive | (704) 491-3310 - Charlotte, NC
Charlotte Homes for Sale - Charlotte Neighborhoods

My BIC would want to go with me - and I would gladly take her - she rocks!

Feb 03, 2019 06:33 AM
Rainmaker
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Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

I have no clue how my office would handle it... as it's never come up. And I wouldn't accept a cruise as I get seasick just looking at boats and ships... no way you'd get me on one!

Feb 03, 2019 05:52 AM
Rainmaker
681,711
Richard Bazinet /MBA, CRS, ABR
WestUSA Realty - Scottsdale, AZ
Phoenix Scottsdale. Sellers, Buyers & Relocations

Naw... gets too complicated. Give me the cash.

Feb 03, 2019 06:00 AM
Rainmaker
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Lyn Sims
RE/MAX Suburban - Schaumburg, IL
Schaumburg IL Real Estate

Wow, I believe we could just accept it. Hope this is a bonus to the commission though.

Feb 03, 2019 05:32 AM
Rainmaker
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Candice A. Donofrio
Next Wave RE Investments LLC Bullhead City AZ Commercial RE Broker - Fort Mohave, AZ
928-201-4BHC (4242) call/text

I could accept it. But I'm my own shop. Would I accept it? I don't know, possibly. Is he also providing top-notch babysitting services for Luna? Cuz that's a thing. 🐶

I have a client who will give me his (gorgeous classic) Mercedes when I sell his property. I am not interested. I have had a Mercedes before, we don't have good shops to care for them out here. So show me the money honey!

To answer your question, everything is doable if everybody agrees to it, but you'd probably want to go to your tax person and find out if you'd have any liability there.

Feb 03, 2019 05:59 AM
Rainmaker
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Doug Dawes
Keller Williams Realty - Topsfield, MA - Georgetown, MA
Your Personal Realtor®

Good question. I have no idea.

Feb 03, 2019 05:44 AM
Rainmaker
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Anthony Acosta - ALLATLANTACONDOS.COM
Harry Norman, REALTORS® - Atlanta, GA
Associate Broker

Not sure about the answer, would have to check with my accounting department.

Feb 03, 2019 06:06 PM
Ambassador
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Wanda Kubat-Nerdin - Wanda Can!
Prado Real Estate South - St. George, UT
So Utah Residential, Referral & Relocation REALTOR

Unless it is on top of commission earned - NO GO!

Feb 03, 2019 09:03 AM
Rainmaker
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Bob "RealMan" Timm
Ward County Notary Services - Minot, ND
Owner of Ward Co. Notary Services, retired Realtor

As a former Broker I would suggest they adjust their asking price instead.

Feb 03, 2019 08:10 AM
Rainmaker
502,544
Peter Testa
Nationwide Homes - Danbury, CT
PETER TESTA

While the office gets their % on every deal this is outside of the realm of the norm. If somebody wanted to give me a cruise for selling their house (can I make some suggestions on the particulars of that offer?) you can bet I have no intention of paying my office a % of the cost. I'd talk to them about getting that waived & if they wanted to keep their busy Agent happy it would be prudent to give me a bottle of Rum & say, have fun! 

I always said, we make YOU money- you don't make US money. Keep your Agents happy if you want to keep your Agents. 

Feb 03, 2019 06:00 AM
Rainmaker
3,181,785
Michael Jacobs
Pasadena, CA
Los Angeles Pasadena 818.516.4393

Another "bright, shiny kind of object" idea that never seems to work.  I have seen this concept promoted over the years but have never been a part of one.

Feb 03, 2019 07:29 AM
Rainmaker
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Roy Kelley
Realty Group Referrals - Gaithersburg, MD

No problem when you have a 100% commission plan like I had at RE/MAX.

Feb 03, 2019 06:07 AM
Rainmaker
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Susie Kay
Ultima Real Estate - Plano, TX
North Dallas Specialist

I don't know and I will ask my broker.  Have not experienced this, though.

Feb 04, 2019 03:10 PM
Rainer
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Katty Jones
Land and Wildlife - Baker, OR
I am a real estate agent of Land and Wildlife

well that's a good offer, but we prefer commission rather than a cruise

Feb 04, 2019 05:36 AM
Rainmaker
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Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Wow, the easiest way to handle it is pass on showing the property. Or, explain to the buyer that they will have to pay your commission and they can have the cruise.

Feb 04, 2019 04:59 AM
Rainmaker
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Kat Palmiotti
Grand Lux Realty, Monroe NY, 914-419-0270, kat@thehousekat.com - Monroe, NY
The House Kat

I don't know the answer to your question. I can say that while I worked on a ship for three months one year, I have never been on a cruise and I have absolutely no desire to go on one of those big floating cities. So if that's what it was, I wouldn't want it. Now, if the seller was throwing in a National Geographic cruise on one of those smaller vessels where you get to go exploring, I'd be willing to take it!

Feb 04, 2019 03:42 AM
Rainmaker
786,474
Diana Zaccaro
Tropical Beachside brokered by eXp - Cocoa Beach, FL
"The Accidental Blogger" Cocoa Beach, Florida

Were they offering the cruise as PART of the commission (or as a bonus) or in lieu of full commission? Your Q is confusing since first it says "as part of" then says "as the commission".

It depends on what your IC Agreement says. When I was with a big box, our IC Agreement addressed this very specifically. It also addressed gifts and bonuses (which were given to the agent, no strings attached) and how cash gifts / bonuses were handled. Cruises were offered frequently back then but I never heard of anyone accepting a cruise in lieu of even partial commish.

Part of the problem with what that seller proposed is valuation...how much would the full commission be on the sale vs. the value of the cruise. My guess is the cost of the cruise would be far less than the actual full commission.  

Feb 03, 2019 07:07 PM
Rainmaker
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Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Scott,

This often happened in commercial real estate, and it was not in lieu of the commission.  It was an incentive to bring a tenant to a building.  One of our agents won a trip to Cancun for two.  Since we owned the company it meant that we would be the recipients of this gift.  We signed it over to our agent without hesitation...he was a big asset to our firm and a great team player, and we did this each and every time.  What an easy way to retain an agent and create goodwill!  A

Feb 03, 2019 12:03 PM
Ambassador
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Bob Crane
Woodland Management Service / Woodland Real Estate, Keller Williams Fox Cities - Stevens Point, WI
Forestland Experts! 715-204-9671

I have no time for cruises so this would not be an option.

Feb 03, 2019 11:04 AM
Rainmaker
898,237
Thomas J. Nelson, Realtor, ePRO, CRS, RCS-D
Big Block Realty 858.232.8722 - La Jolla, CA
& Host of Postcards From Success Podcast

1. I could do it if I chose to. I'm 100% in charge of my income and no split.

2. I would not accept it however, I want CASH not cruise. 

Feb 03, 2019 09:17 AM
Rainer
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J.R. Schloemer, CRS
Kentucky Select Properties - Louisville, KY

I am not sure how my office would handle it, but I would run! I seem to recall males always being the ones that do not come back from the cruises. While life may have its ups and downs, I am not ready to check out of this life just yet, so no cruises for me.

Feb 03, 2019 07:39 AM
Rainmaker
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Jeff Pearl
RE/MAX Distinctive / LIC in VA - Lovettsville, VA
Full Service Full Time Realtor

I wouldn't want it.

Feb 03, 2019 06:59 AM
Rainmaker
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Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

Interesting, I will read it.

Feb 03, 2019 06:48 AM
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Joe Pryor
The Virtual Real Estate Team - Oklahoma City, OK
REALTOR® - Oklahoma Investment Properties

I think that would be a foolish move to do that.

Feb 03, 2019 06:37 AM
Rainmaker
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Richard Weeks
Dallas, TX
REALTOR®, Broker

We would not expect the agent to share with us.

Feb 03, 2019 06:34 AM
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Alan May
Coldwell Banker Residential - Evanston, IL
Helping you find your way home.

If it was "part" of the commission (ie: a bonus), I'm sure my brokerage would work something out with me... I might have to balance out a percentage of the cost of the cruise with the office.

But personally, I don't want a cruise as incentive... I'm looking for that cold-hard-cash.

Feb 03, 2019 05:56 AM
Rainmaker
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Raymond E. Camp
Howard Hanna Real Estate Services - Ontario, NY
Licensed Real Estate Salesperson Greater Rochester

A good question and hope to pay for my own cruises.

Feb 03, 2019 05:46 AM
Rainmaker
524,939
Mike & Eve Alexander
Buyers Broker of Florida - Orlando, FL
Exclusively Representing ONLY Orlando Home Buyers

I would not be interested in going on a cruise....cash bonus, please.  

There was a time that new construction builders were giving agents tv's, store gift cards for thousands, and even a car ( you had to qualify to get into the drawing)

Most brokers allowed the agent to take the prize...I have not seen the big perks for several years.

Eve

Feb 04, 2019 11:50 AM
Rainmaker
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Michael J. Perry
KW Elite - Lancaster, PA
Lancaster, PA Relo Specialist

Switch Offices

Feb 04, 2019 11:29 AM
Rainmaker
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Annette Lawrence , Palm Harbor, FL 727-420-4041
ReMax Realtec Group - Palm Harbor, FL
Making FLORIDA Real Estate EZ

NEYET! wold say my broker.

In the past, as a BROKER, I have taken furniture, businesses, works of art and a sundry of things as compensation. As an associate, I am not captain of the vessel.

Feb 04, 2019 05:51 AM
Rainmaker
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Steven Nickens
Elite Pacific Properties Maui - Wailea, HI
R(S)GRI ABR, Maui Real Estate Hawaii

They would be jealous.  

Feb 04, 2019 05:12 AM
Rainmaker
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Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

No idea.

Feb 04, 2019 02:49 AM
Rainmaker
632,329
John Juarez
The Medford Real Estate Team - Fremont, CA
ePRO, SRES, GRI, PMN

What an interesting situation. I have seen bonuses offered in the past...cruise, vacation at a private cabin, other stuff. I would rather have cash and spend it the way I want to spend it.

Feb 03, 2019 10:19 AM
Rainmaker
572,911
Gloria Valvasori, Accredited Senior Agent
BETTER HOMES AND GARDENS REAL ESTATE SIGNATURE SERVICE - Mississauga, ON
REAL Experience | REAL Commitment | REAL Results!

My office would not accept this as commission payable, nor do I think we would be allowed to... it strictly cash for commission from the proceeds of the sale.

Feb 03, 2019 10:10 AM
Rainmaker
1,197,533
Ryan Huggins - Thousand Oaks, CA
www.HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

Interesting.  I've heard of them being given to buyers as an incentive back in the day.  I'd go on vacation, personally.  Depends on where the cruise is to though.  If it's only to Mexico, forget it.  Too much cartel violence out there, even near the docks and resorts (I've seen the pictures, freakin' gruesome!).

Feb 03, 2019 09:25 AM
Rainmaker
1,249,546
Carol Williams
Although I'm retired, I love sharing my knowledge and learning from other real estate industry professionals. - Wenatchee, WA
Retired Agent / Broker / Property Manager

I saw your blog post.  I could have done that when I owned my own office, but not as an agent under a broker.  I would have paid out of pocket to compensate the office for their portion.  Not my idea of how to make money selling real estate. 

Feb 03, 2019 08:53 AM
Rainmaker
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Barbara Todaro
RE/MAX Executive Realty - Franklin, MA
Marketing Agent for The Todaro Team

if it's a for sale by owner, I would write the commission into the offer to purchase and clearly state the homeowner will be paying it....

Feb 03, 2019 08:33 AM
Rainmaker
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Kathleen Daniels
KD Realty - 408.972.1822 - San Jose, CA
San Jose Homes for Sale-Probate & Trust Specialist

Why complicate things?  Oh wait, it is a FSBO that's why.  

It is also why they need YOU. 

I would pass on that. Not only is it complicated not everyone likes to cruise. 

Feb 03, 2019 07:39 AM
Rainmaker
1,502,839
Sandy Padula and Norm Padula, JD, GRI
Realty National & Geneva Financial, Llc. - Carlsbad, CA
Presence, Persistence & Perseverance

Treated as a taxable bonus aside from the contracted commission

Feb 03, 2019 07:31 AM
Rainmaker
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Richie Alan Naggar
people first...then business Ran Right Realty - Riverside, CA
agent & author

A drawing with rules followed by negotiations of give & take would lead to some answers...Amazing how we humans like to squabble about things

Feb 03, 2019 06:36 AM
Rainmaker
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Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

Wow, not sure how I would handle that one.

Feb 04, 2019 06:09 PM
Rainmaker
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Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

That would be a good question, but I am the broker, so not a big deal.

Feb 08, 2019 06:50 AM
Rainmaker
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William Feela
WHISPERING PINES REALTY - North Branch, MN
Realtor, Whispering Pines Realty 651-674-5999 No.

I would discourage it.  It is a gimack

Feb 05, 2019 07:09 PM