Keyword: commissions

On Admin Fees and “Commission”

On Admin Fees and “Commission”

I HATE admin fees.  I hate them with a passion. My company also charges them, or at least they used to.  If you pay attention, you may have noticed a certain laswuit that dealt with this issue specifically last year.  U.S. District Judge Virginia Emerson Hopkins in Birmingham, Ala., ruled that when a realty firm charges clients an “admin” fee, ...

Jonathan Benya | 2010/02/28  | 23 Comments Editorials

Enough With Rhetoric. Let’s Get to the Real Issue

Enough With Rhetoric. Let’s Get to the Real Issue

What I Had Hoped Though you never would believe such a thing is possible, I treaded lightly when I wrote my post spoofing the never-ending debate over real estate commissions by comparing those commissions to the tip we pay our server when we go out to eat. What I had hoped was to spur one and only one thought – ...

Jonathan Dalton | 2008/09/04  | 31 Comments News

How High and How Low Can Your Commission Go?

How High and How Low Can Your Commission Go?

What is your time worth per hour?  Your fee structure would reflect that amount.  Just how does a working Realtor get their income up?  Charge more?  Get more people to pay them?  Both?  Some other answer? A few years ago (late 2004 and through 2005) there was more downward pressure on real estate commissions than I’ve seen seen in the ...

Russell Shaw | 2008/07/07  | 15 Comments How to

Divorcing Commissions – Disintermediation of the Buyer’s Agent

Divorcing Commissions – Disintermediation of the Buyer’s Agent

Over at the Bloodhound Blog, Greg continues his thread on Divorcing the Real Estate Commission. Meaning that the seller pays their agent, and the buyer pays his own agent. Removing the incentive the seller has to elevate their product over thousands of others does level the playing field and makes all products equal (so to speak), but what it also ...

Benn Rosales | 2007/11/11  | 9 Comments Ethics

You Got a Discount- So We Only Work Part-Time… Redfinned.

You Got a Discount- So We Only Work Part-Time… Redfinned.

Redfin announced last night that it will not be taking any listings between now and July 9 because “continuing to take new listings would strain our ability to offer our customers great service.”Those interested in listing their homes with Redfin in the limited areas in which it operates are free to send in the listing paperwork but it appears the ...

Benn Rosales | 2007/06/16  | 1 Comment Editorials

New Business Approach? Or just another job?

New Business Approach? Or just another job?

The hype turns out to be just another 9-5 grinder, and this is what you get: Zip last month reported a $3.1 million net loss in the first quarter. Despite the loss, the company continues to expand brokerage operations into new markets and recruit more agents. Zip stock (Nasdaq: ZIPR) fell .05% in afterhours trading at $7.47 a share. It just doesn’t ...

Benn Rosales | 2007/06/12  | 0 Comments Editorials

Russell Shaw Speaks… You might want to listen.

Russell Shaw Speaks… You might want to listen.

Russell brings it home in a compelling post.  Everyone on both sides of the commission debate should read this.  Russel is one of the only industry mega producers I believe, trust, and listen too.  Why? Because he produces, and boasts an average DOM of only 14 days.  He is respected and well known all over the country, and can back up ...

Benn Rosales | 2007/05/28  | 1 Comment Editorials