| Yesterday I wrote a blog entitled "Realtor offers 5% | | | | The Realtors in our area`s enjoy working with our |
| commission, feels our offer is too low to | | | | company.We have a staff that is able to assist them |
| compensate!" | | | | in the making the process of closing a smooth one. |
| Many of the comments we received questioned why | | | | Our closing ratio is 95%. We defy anyone to tell us |
| i would be upset because the Sellers agent was | | | | that what we do is incorrect! Our Realtors have tons |
| attempting to reduce our commission from 5%-3% | | | | of referrals and testimonials to fill the "Great Wall of |
| due to the fact that our offer was too low! Some | | | | China! |
| used the logic that as a Discount Broker I shouldn't | | | | Our agents are taught not to bother other agents |
| complain! Others felt that it serves us right. One | | | | for directions to listings, ask questions like " Can you |
| person sent us an email calling all Discount Brokers | | | | tell us how to open a lock box, or call agents for |
| the Anti-Christ of our profession. | | | | showing instructions when it clearly states to call the |
| There truly seems to be a distorted logic of what | | | | Listing Office". |
| we do. | | | | We teach our agents how to properly write an offer. |
| For the record we`re a "Full Service Discount Broker" | | | | Can you actually tell me that the offices that some |
| which simply means that we as the "Listing Agent | | | | of you are affiliated teach you that? How many |
| take a reduced commission" for selling listing a home. | | | | times have you called a "Full Service" company for |
| We do however insure that Buyers Agent receive a | | | | showing instructions only to be called back within |
| full commission! Simply put our listings on the MLS | | | | 24-36 hours! I`m positive that many sellers if they |
| offer agents a commission that range from 3-4%! | | | | knew what was really going on wouldn't be too |
| In some cases that`s far better than what a "Full | | | | happy. |
| Service" company may offer. How many times have | | | | I like to believe we as Realtors we have "Open |
| you seen a "Full Service Realtor" offer a 2-2.5%, | | | | Minds" and understand there are certain "Rules and |
| commission on the MLS? Can you explain why there | | | | Regulations" that as licensed professionals we must |
| seems to be "Two sets of rules?" More important | | | | adhere too. |
| how come you don't question why? | | | | We fill a niche market that some Realtors thumb |
| The mere fact that we`re taking a reduced | | | | their noses on. Hard to believe, but it's true! I've had |
| commission has little or no bearing on how we | | | | clients tell me that a "Full Service " Realtor wouldn't |
| perform,albeit some companies are different than | | | | take a listing because the kitchen wasn't upgraded,it |
| others,just like many who practice "Real Estate". | | | | was a pre-foreclosure or that the home wasn't up to |
| We advertise our listings on the Internet, and Real | | | | their standards. That's all well and good, we have no |
| Estate publications.We negotiate contracts, arrange | | | | problem with that, just as you as professionals |
| for showings, do open houses, virtual tours and have | | | | shouldn't worry what we do! |
| a terrific reputation. | | | | |