Mark Nadel‘s ground-breaking paper on traditional real estate commission models has been published in an abbreviated form in the Cornell Real Estate Review. Nota bene: I embedded the wrong link for the Cornell version of the paper. It’s fixed now. Technorati Tags: compensation for buyer representation, disintermediation, real estate, real estate marketing
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During all my running around today, I had meant to buy a silly little party hat for Odysseus to wear to celebrate BloodhoundBlog’s first birthday… but I never got around to it. And by the time I had picked up Ophelia from doggy-day-care, I’d missed my opportunity… can’t leave a dog in a 110&176; car. […]
I just spent a very informative hour on the phone with Jeff Brown, and I want to summarize what I took away from our conversation. First, Jeff has a very different understanding of the term “co-broke” compared to the way it is used in Arizona. When we went to essentially 100% buyer-brokerage for residential real […]
Twelfth Night, set in the fifties. Ick. I love the drama as an art form, and I almost always hate to see it performed. Nothing ruins a great play like a gaggle of clucking actors. While we’re out, I commend your attention to this. Wrap your mind around the change Mark Nadel is proposing, and […]
Nominate me Ikonoklastes, for I am come to raze this temple of half-baked ideas. I want to come back to the MLS later in the week, and I have a deep need to expose the motivations of brokers, as these are distinguished from the motivations of lesser licensees. But for now I want to take […]
Taking on Mark Nadel’s white paper on real estate commissions, Kevin Boer at Three Oceans Real Estate points out that there is more at stake than any one particular negotiation: Successful agents, however, know that a solid business is built on long-term relationships with satisfied clients. If a past client indeed thought his Realtor had […]
Mark Nadel’s white paper on real estate commissions is very thoroughgoing, rich in detail and a rational understanding of human motivation — without slipping over to the hyperbole that afflicts much criticism of the residential real estate industry. But Nadel is an outsider, so, while his diagnosis of what ails our business is spot on, […]
These are the concluding paragraphs of Mark Nadel’s white paper on real estate commissions. The executive summary has been quoted all over, but I think this text is more compelling. For what it’s worth, I think Nadel has hit a home run. There are things he doesn’t know about, which we’ll get to in a […]
I had email late last night night from Mark Nadel, author of the AEI-Brookings Joint Center white paper on real estate commissions that has been cited lately by the Freakonomics blog and by weblogs all over the RE.net: Greg, I wish I had discovered your BloodhoundRealty blog earlier. If so, I would have referenced you […]