{"id":1380,"date":"2007-05-03T03:08:42","date_gmt":"2007-05-03T10:08:42","guid":{"rendered":"http:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/?p=1380"},"modified":"2007-05-03T09:10:52","modified_gmt":"2007-05-03T16:10:52","slug":"ill-bring-you-a-big-basket-of-cash-if-youll-let-me-sell-your-house-for-free","status":"publish","type":"post","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/1380\/ill-bring-you-a-big-basket-of-cash-if-youll-let-me-sell-your-house-for-free\/","title":{"rendered":"I&#8217;ll bring you a big basket of cash if you&#8217;ll let me sell your house for free"},"content":{"rendered":"<p>Chris writes:<\/p>\n<blockquote><p>I&#8217;m looking to get into real estate after i graduate in a couple of weeks but i have a couple of questions that i&#8217;m looking to get answered, appreciate your help.<\/p>\n<p>If all real estate brokers in an area generally charge the same fee for selling a house, how do real estate agents compete with one another if they cannot vary their fees? Also is the real estate profession overcrowded in your judgment?<\/p><\/blockquote>\n<p>Yes, the industry is horribly overcrowded, there are way too many agents chasing too few deals for all of the agents to make a decent living. This has been a true statement for at least the past four decades. <a href=\"http:\/\/www.fgmac.com\/company.cfm?ID=4251\">13 out of 14 agents fail<\/a> and leave the business within two years. <img loading=\"lazy\" decoding=\"async\" height=\"75\" alt=\"bug\" src=\"http:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-content\/uploads\/2007\/05\/bug.gif\" width=\"100\" align=\"left\" \/>All real estate brokers do not charge the same fee. Some brokers charge 6 &#8211; 7% to list and sell a house and others charge half that amount, some companies charging a <a href=\"http:\/\/flatfeelisting.com\/\">flat fee <\/a>of $300 &#8211; $500 to list a house. There is now a company affiliated with <a href=\"http:\/\/www.buysiderealty.com\/\">Buy Side Realty<\/a> who will list the house at <a href=\"http:\/\/www.iggyshouse.com\/\">ZERO<\/a>. Correct. A FREE MLS listing. And when you buy a house through Buy Side, they will give you back 75% of the commission. These companies are already &#8220;national&#8221; unlike the endlessly commented upon <a href=\"http:\/\/www.redfin.com\/stingray\/do\/home\">Redfin<\/a>, who only has offices in a few cities.<\/p>\n<p>A company was started some years back called <a href=\"http:\/\/www.homegain.com\/\">HomeGain<\/a> that was initially based on the premise of agents blindly (they wouldn&#8217;t know who the seller was &#8211; but the seller would know who they were) offering to list a home for less. The agent who offered the lowest commission won the prize of getting to list that home. This company was started by <a href=\"http:\/\/www.inman.com\/\">Bradley Inman<\/a> and he sold HomeGain for enough money (tens and tens of millions of dollars) so he can now devote as much of his life as he wants to working on getting agent&#8217;s commissions down.<\/p>\n<p>Then, how DO agents compete with one another? If you are in the business and working on getting business, you somehow contact someone and let them know you are <a href=\"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/1380\/ill-bring-you-a-big-basket-of-cash-if-youll-let-me-sell-your-house-for-free\/#more-1380\" class=\"more-link\">Read more<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Chris writes: I&#8217;m looking to get into real estate after i graduate in a couple of weeks but i have a couple of questions that i&#8217;m looking to get answered, appreciate your help. If all real estate brokers in an area generally charge the same fee for selling a house, how do real estate agents [&hellip;]<\/p>\n","protected":false},"author":6,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_crdt_document":"","jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[12,6,10],"tags":[],"class_list":{"0":"post-1380","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"hentry","6":"category-ask-the-broker","7":"category-marketing","8":"category-realty-reality","10":"no-featured-image"},"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":541,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/541\/why-the-traditional-real-estate-commission-model-is-broken-and-needs-to-be-replaced\/","url_meta":{"origin":1380,"position":0},"title":"Why the traditional real estate commission model is broken and needs to be replaced . . .","author":"Greg Swann","date":"October 15, 2006","format":false,"excerpt":"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\u2026","rel":"","context":"In &quot;Disintermediation&quot;","block_context":{"text":"Disintermediation","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/disintermediation\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":3535,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/3535\/the-new-real-estate-model-part-1-disbrokeration\/","url_meta":{"origin":1380,"position":1},"title":"The New Real Estate Model &#8211; Part 1: Disbrokeration","author":"Sean Purcell","date":"July 28, 2008","format":false,"excerpt":"Ch-Ch-Ch-Changes The Real Estate industry is going through some pretty rapid changes lately. We have everything from Apple\u2019s iPhone to Zillow\u2019s Zestimates. There is a lot of conflict too. Your local Board of Realtors is most likely still trying to throw a fence around listing information, while a wired world\u2026","rel":"","context":"In &quot;Disintermediation&quot;","block_context":{"text":"Disintermediation","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/disintermediation\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":2179,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/2179\/a-consumers-guide-to-the-divorced-real-estate-commission-why-buyers-and-sellers-each-paying-for-their-own-representation-is-the-most-significant-reform-that-can-be-made-today-in-residential-real-estat\/","url_meta":{"origin":1380,"position":2},"title":"A consumer&#8217;s guide to the divorced real estate commission: Why buyers and sellers each paying for their own representation is the most significant reform that can be made today in residential real estate","author":"Greg Swann","date":"November 7, 2007","format":false,"excerpt":"Part I: How we got into this mess in the first place Can we be straight with each other? I'm not a soft and subtle kind of guy, and my working assumption is that you are sick to death of being hustled -- handled -- lied to. We yammer all\u2026","rel":"","context":"In &quot;Marketing&quot;","block_context":{"text":"Marketing","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/marketing\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":13731,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/13731\/violent-change-in-store-for-real-estate-agents\/","url_meta":{"origin":1380,"position":3},"title":"Violent Change in Store for Real Estate Agents","author":"Chuck Marunde","date":"December 1, 2010","format":false,"excerpt":"The real estate business is obviously in the midst of dramatic changes, and that is certainly an understatement.\u00a0 I just published a new book entitled The New World of Marketing for Real Estate Agents (Early Adopters:\u00a0 The New Millionaires).\u00a0 The book will be available on Amazon for $14.95, but what\u2026","rel":"","context":"In &quot;Real Estate&quot;","block_context":{"text":"Real Estate","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/real-estate\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":789,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/789\/maybe-we-need-more-salaried-agents\/","url_meta":{"origin":1380,"position":4},"title":"Maybe We Need More Salaried Agents","author":"Doug Quance","date":"December 21, 2006","format":false,"excerpt":"I've been running some stats on advertising, Google rankings and agent performance over the last couple of days. One of the top agents in Atlanta has not had a selling-side transaction all year. Very unusual for this agent. Another top agent - who ranks very high in Google and has\u2026","rel":"","context":"In &quot;Real Estate&quot;","block_context":{"text":"Real Estate","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/real-estate\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":459,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/459\/blogoff-post-82-weblog-review-the-phoenix-real-estate-guy\/","url_meta":{"origin":1380,"position":5},"title":"Blogoff Post #82: Weblog Review: The Phoenix Real Estate Guy . . .","author":"Greg Swann","date":"September 26, 2006","format":false,"excerpt":"Hey, wait. I'm the Phoenix real estate guy. Jay Thompson is an East Valley Realtor who publishes The Phoenix Real Estate Guy weblog. All gussied up in a brand new weblog template, this blog is fun reading. Well-researched, deeply-linked and yet still great fun to read. Jay is the Arizona\u2026","rel":"","context":"In &quot;Blogging&quot;","block_context":{"text":"Blogging","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/blogging\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts\/1380","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/comments?post=1380"}],"version-history":[{"count":0,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts\/1380\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/media?parent=1380"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/categories?post=1380"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/tags?post=1380"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}