{"id":1477,"date":"2007-05-27T20:23:16","date_gmt":"2007-05-28T03:23:16","guid":{"rendered":"http:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/?p=1477"},"modified":"2007-07-16T21:02:19","modified_gmt":"2007-07-17T04:02:19","slug":"tennessee-oregon-and-the-state-of-real-estate","status":"publish","type":"post","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/1477\/tennessee-oregon-and-the-state-of-real-estate\/","title":{"rendered":"Tennessee, Oregon, and the State of Real Estate"},"content":{"rendered":"

This started as a reply to Greg’s post on the Tennessee legislature, which apparently insists going backward is the new going forward. But then I had The Conversation<\/em>, <\/strong>and it’s developed into a post of its own.<\/p>\n

Involved is someone I respect, a friend, a mentor, perhaps the one person more responsible for getting me into real estate than anyone. In the business over twenty years, he knows RE law better than most principal brokers, and has helped me enormously in the first three years I’ve been around.<\/p>\n

Oregon is one of the eleven states that has a “Thou shalt not share commission!” law, passed at least fifteen years ago, notwithstanding Glenn Kelman’s Sixty Minutes inference that it was all about him. I wanted to know why it was passed in the first place: Assuming consumer protection against graft or corruption, I couldn’t figure out how that worked. The answer dumbfounded me:<\/p>\n

“That protects us, our commissions. I’m glad it’s there.”<\/em><\/p>\n

Oh, dear. Thank you for the candor. Elaborate?<\/p>\n

“Look, I know you’re a free market kind of guy, but there’s nothing wrong with laws protecting us from consumers. People try to hack away at my commission every day on the listing side. This prevents the same kind of hacking on the buying side.”<\/em><\/p>\n

Wait. Aren’t you worth the commission you charge? “Of course. That’s my point.”<\/em> Then when someone asks you to cut your commission, what’s wrong with: No. Why do you need a law, especially a law that reinforces the public perception that we’re all self absorbed troglodytes?<\/p>\n

“Twenty years ago, before the internet, we didn’t have that reputation. Now 80% of transactions don’t even really need a buyer’s agent.”<\/em><\/p>\n

Say what?<\/p>\n

It went on, defensively and testily. The internet’s the problem, we’re the victims. When I brought up separating buyer commission from listing commission, he said he hoped he was well out of the business before that happened.<\/p>\n

It’s occurred to me: his opinion isn’t an anomaly; as I said here<\/a> the biggest problem we face as an industry is our industry. I can’t begin to get my mind around treating clients as adversaries, Read more<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

This started as a reply to Greg’s post on the Tennessee legislature, which apparently insists going backward is the new going forward. But then I had The Conversation, and it’s developed into a post of its own. Involved is someone I respect, a friend, a mentor, perhaps the one person more responsible for getting me […]<\/p>\n","protected":false},"author":24,"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":[4,7,2,5,27],"tags":[],"class_list":{"0":"post-1477","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"hentry","6":"category-disintermediation","7":"category-enduring-interest","8":"category-general","9":"category-real-estate","10":"category-redfincom","12":"no-featured-image"},"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":1673,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/1673\/make-no-mistake-without-the-thoughtful-dispassionate-accuracy-of-professional-journalists-the-world-itself-would-crumble\/","url_meta":{"origin":1477,"position":0},"title":"Make no mistake, without the thoughtful, dispassionate accuracy of professional journalists, the world itself would crumble","author":"Greg Swann","date":"July 18, 2007","format":false,"excerpt":"From VentureBeat:For this, Redfin has been banned [false] from operating in Oregon [false], New Jersey [false] and now Tennessee [false]. Additionally, the site has been fined by the National Association of Realtors [false], which owns the Multiple Listing Service [false], a national database [false] of home listings.That's two sentences, seven\u2026","rel":"","context":"In "Disintermediation"","block_context":{"text":"Disintermediation","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/disintermediation\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":1862,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/1862\/staging-oregon-being-the-best-house-when-only-the-best-will-sell\/","url_meta":{"origin":1477,"position":1},"title":"Staging Oregon: Being the best house when only the best will sell","author":"Greg Swann","date":"August 27, 2007","format":false,"excerpt":"Week after week in the Republic, I hammer away on the idea that the only homes that will sell in this market are the ones that are priced right, prepared right and presented right. It goes for us, too, obviously, so we made a visual record of the process of\u2026","rel":"","context":"In "Marketing"","block_context":{"text":"Marketing","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/marketing\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":1489,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/1489\/tennessee-commission-rebate-ban-signed-into-law\/","url_meta":{"origin":1477,"position":2},"title":"Tennessee commission rebate ban signed into law","author":"Greg Swann","date":"May 31, 2007","format":false,"excerpt":"From the the Nashville Tennessean:Gov. Phil Bredesen has signed a bill reinstating a ban on cash rebates for home sales and other real estate transactions, despite opposition from consumer advocates and federal antitrust officials. The bill signed late Wednesday reverses a decision made earlier this month by state regulators to\u2026","rel":"","context":"In "Disintermediation"","block_context":{"text":"Disintermediation","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/disintermediation\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":1569,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/1569\/the-imperative-of-divorced-commissions-part-1-fundamentals-of-narcissism\/","url_meta":{"origin":1477,"position":3},"title":"The Imperative of Divorced Commissions, Part 1: Fundamentals of Narcissism.","author":"Jeff Kempe","date":"June 22, 2007","format":false,"excerpt":"I was running in a local park a few days ago. The road into the park is about a half mile long and barely wide enough for two cars to pass in opposite directions, thus there are \"NO PARKING AT ANY TIME\" signs on both sides the entire length. As\u2026","rel":"","context":"In "Disintermediation"","block_context":{"text":"Disintermediation","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/disintermediation\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":1530,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/1530\/catching-a-sniff-of-the-stench-from-tennessee-why-being-right-about-the-real-estate-licensing-laws-matters\/","url_meta":{"origin":1477,"position":4},"title":"Catching a sniff of the stench from Tennessee: Why being right about the real estate licensing laws matters","author":"Greg Swann","date":"June 12, 2007","format":false,"excerpt":"Well. It is beyond all doubt that readers here are thrilled to the core to cogitate on the implications of real estate licensing laws and their hypothetical repeal. So far the silence has been deafening, with nothing but a host of fallacious arguments, some charming insults and something new under\u2026","rel":"","context":"In "Disintermediation"","block_context":{"text":"Disintermediation","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/disintermediation\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":1473,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/1473\/could-anything-be-sleazier-than-redfin-ceo-glenn-kelman-how-about-the-tennessee-association-of-realtors\/","url_meta":{"origin":1477,"position":5},"title":"Could anything be sleazier than Redfin CEO Glenn Kelman? How about the Tennessee Association of Realtors?","author":"Greg Swann","date":"May 25, 2007","format":false,"excerpt":"The Tennessee State Legislature is trying to outlaw real estate commission rebates -- guess at whose behest? Little Pink Houses has the dirt. Jonathan Dalton has the dudgeon. Technorati Tags: disintermediation, real estate, real estate marketing, Redfin.com","rel":"","context":"In "Disintermediation"","block_context":{"text":"Disintermediation","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/disintermediation\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts\/1477","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\/24"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/comments?post=1477"}],"version-history":[{"count":0,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts\/1477\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/media?parent=1477"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/categories?post=1477"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/tags?post=1477"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}