Rob wrote: After moving to the area and looking around at properties for a while, I saw one place I was interested in and contacted the seller ‘s agent directly. She agreed to show me the property, and since she was located out of town encouraged me to find a local agent who could show […]
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After moving to the area and looking around at properties for a while, I saw one place I was interested in and contacted the seller’s agent directly. She agreed to show me the property, and since she was located out of town encouraged me to find a local agent who could show me more things […]
We have been focussing on new construction and have been meeting directly with builders and their agents. We have not been represented by a buyer’s agent up to now. Our strategy has been to save on commission by dealing with a single party. We recently looked at several resales where we sought out the listing […]
Good news, Jay, I’ll take this one for $200.00. I doubt that Laurie Janik is going to respond to you (as – per you – they have “something to hide”): You’re a riot, Steve. My contract is a proprietary document, built out of years worth of my research, experience and fine tuning. Why don’t you […]
Trevor Smith writes: First, I want to say that you are incredibly articulate and a great writer. You know what you believe, you’ve researched it, and you stand by it. So, as far as that goes I respect you. Second, I am with John L Scott, where I charge 4% commission for a full service […]
Trevor Smith writes (and I respond): Your comment about Redfin is not only ignorant it is probably borderline libel. Please feel free to pass my comments and my contact information along to them. Do you even know exactly what services Redfin does or does not provide? No. What I do know is that they are […]
I’m not really a Jesuit, I just play one in the blogsward. My mother had had enough of the Church before she went to high school, and, in consequence, I was sent to public schools. Those were actually quite a bit better then than they are now, but, even so, I bear my ignorance as […]
Okay, carrying on from the idea of the Divorced Commission — a condition whereby, by some means, the buyer’s broker’s compensation has been divorced from the listing agreement — what are the implications for the Multiple Listings Service model of propagating real estate listings? As we are seeing, divorcing the buyer’s agent’s compensation from the […]
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 […]
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 […]
Tyler Sookochoff ask these questions in a comment to another post, but my reply is long enough that I think it warrants a post of its own. Marketing of homes aside, do you rely solely on your local MLS to do CMAs and price homes you’re hired to sell? Or could you survive/thrive without the […]
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 […]
This is from email I had earlier this week: Jim Cronin from The Real Estate Tomato and I were just talking about real estate blogging being what real estate websites will begin to morph into. He sent me to your blog and I was wondering if that has been productive for you as a lead […]
Glenn Kelman, chief executive and broker of Redfin.com, posted a comment to one of my entries about that company. I replied to him there, but I’m posting the exchange here, as well, frankly because I consider it Big News. Here is Mr. Kelman’s remark: Thanks for this thoughtful comment Greg. Many Redfin customers decide to […]
Of the two “innovative” cowbird brokerages discussed in this morning’s New York Times, the stronger of the two is BuySideInc.com. They’re rebating even more of the buyer’s agent’s commission than is Redfin.com, but their actual profit center is in originating the loan — a well-understood, fast, cheap, office-job function. Even this is not without complicating […]