{"id":1812,"date":"2007-08-16T11:47:39","date_gmt":"2007-08-16T18:47:39","guid":{"rendered":"http:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/?p=1812"},"modified":"2007-08-16T11:47:39","modified_gmt":"2007-08-16T18:47:39","slug":"the-extinction-of-the-pterosaur-if-your-goal-is-long-term-profitability-skimming-the-surface-can-kill-you","status":"publish","type":"post","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/1812\/the-extinction-of-the-pterosaur-if-your-goal-is-long-term-profitability-skimming-the-surface-can-kill-you\/","title":{"rendered":"The extinction of the pterosaur &#8211; If your goal is long-term profitability, skimming the surface can kill you."},"content":{"rendered":"<p>From the San Diego Union Tribune, dateline August 16, 2007:<\/p>\n<p>Paleontologists studying pterosaurs had theorized that some the extinct flying reptiles fed by skimming along the water with their mouths open. However, a new analysis by British scientists indicates pterosaurs were too large and would have created too much drag to feed in this way.<\/p>\n<p><img decoding=\"async\" src=\"http:\/\/www.sandiegohomeblog.com\/wp-content\/uploads\/2007\/08\/pterosaur.jpg\" \/><\/p>\n<p>And this is precisely why I see the traditional real estate agent not only surviving but thriving. Many predict the demise of the likes of me. They predict a future where I have been stripped of my MLS, at least in the proprietary sense, and where I have been stripped of my paycheck, rendering me crippled and ineffective chum.<\/p>\n<p>Good, successful traditional agents find their sustenance in a much deeper ocean, while this point seems to be lost on the new fisherman, the alternative for-fee, for-less business models, and even the fish.<\/p>\n<p><a href=\"http:\/\/360digest.com\/2007\/08\/08\/inman-tv-scott-vs-redfin-duet\/\">360-Marlow<\/a> wrote last week about how Lennox Scott of John L. Scott Realty, speaking at the recent Inman Connect conference, &#8220;seemed unable to articulate why a commissioned sales person may be preferable to one paid on salary&#8221;. Well, let me give it a shot.<\/p>\n<ul>\n<li>The salaried employee is not required to front their own money (in my case, thousands of dollars per month per assignment) on the promise (not to be confused with &#8220;guarantee&#8221;) of some future paycheck.<\/li>\n<li>The salaried employee does not run the risk that, having worked on their employer&#8217;s behalf for months (and months and months), their employer will &#8220;change their mind&#8221;.<\/li>\n<li>The salaried employee does not bear the burden of their employer&#8217;s overhead.<\/li>\n<li>If the salaried employee&#8217;s employer is unsuccessful in selling their product to the end user, the salaried employee will still be paid for their time expended.<\/li>\n<li>The salaried employee wakes up each morning knowing they have a job, a job secured by a single interview, where their commission-based counterpart must attend job interviews on a daily basis. (Job interviews take time and money; let&#8217;s, just for fun, call them &#8220;non-billable hours&#8221;).<\/li>\n<li>The salaried employee is assured lunch breaks and days off. The salaried employee clocks out at the end of the shift.<\/li>\n<li>The salaried employee&#8217;s job description does <a href=\"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/1812\/the-extinction-of-the-pterosaur-if-your-goal-is-long-term-profitability-skimming-the-surface-can-kill-you\/#more-1812\" class=\"more-link\">Read more<\/a><\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>From the San Diego Union Tribune, dateline August 16, 2007: Paleontologists studying pterosaurs had theorized that some the extinct flying reptiles fed by skimming along the water with their mouths open. However, a new analysis by British scientists indicates pterosaurs were too large and would have created too much drag to feed in this way. [&hellip;]<\/p>\n","protected":false},"author":12,"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":[5,27],"tags":[],"class_list":{"0":"post-1812","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"hentry","6":"category-real-estate","7":"category-redfincom","9":"no-featured-image"},"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":1825,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/1825\/the-peoples-choice-award-pick-the-best-of-this-weeks-real-estate-writing\/","url_meta":{"origin":1812,"position":0},"title":"The People&#8217;s Choice Award: Pick the best of this week&#8217;s real estate writing","author":"Greg Swann","date":"August 19, 2007","format":false,"excerpt":"Here is the (not very) short list of this week's nominees for The Odysseus Medal. You can vote for one of these posts for the People's Choice Award. These are this week's entires:Dan Green -- How Sub-Prime and Alt-A Mortgage Markets Are Behaving Like NFL Draft Picks Patrick Kapowich --\u2026","rel":"","context":"In &quot;Blog Carnivals&quot;","block_context":{"text":"Blog Carnivals","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/blog-carnivals\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":9645,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/9645\/the-government-takeover-of-real-estate-is-well-underway\/","url_meta":{"origin":1812,"position":1},"title":"The Government takeover of Real Estate is well underway","author":"Al Lorenz","date":"September 5, 2009","format":false,"excerpt":"Earlier, there was a discussion of the possibility of a government takeover of real estate brokerages. We had a bit of a lively discussion about the possibility of a governmental takeover of real estate brokerages.\u00a0 But I'm here to tell you, it will never happen because in the end, the\u2026","rel":"","context":"In &quot;General&quot;","block_context":{"text":"General","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/general\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":7823,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/7823\/10-reasons-big-box-brokers-suck\/","url_meta":{"origin":1812,"position":2},"title":"10 reasons big box brokers suck","author":"Jolenta Averill","date":"April 17, 2009","format":false,"excerpt":"Did I really just say that? Sorry but it's high time to call a spade a spade. I recently decided to cut the apron strings so-to-speak with my old broker and go \"indie\". After paying in about $200K in exchange for about $12K worth of business over a five year\u2026","rel":"","context":"In &quot;Dirty Laundry&quot;","block_context":{"text":"Dirty Laundry","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/dirty-laundry\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":183,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/183\/christmas-in-august-for-some-three-years-of-excuses-for-most\/","url_meta":{"origin":1812,"position":3},"title":"Christmas in August for some, three years of excuses for most . . .","author":"Greg Swann","date":"August 7, 2006","format":false,"excerpt":"Apple's World Wide Developer Conference commences today. Steve Jobs' keynote speech will feature announcements for a rash of products that Mac users will find under their Christmas trees and Windows users will get in buggy, stripped-down, Yugo-like versions three years from now. This is off-topic (and mean, albeit true), but\u2026","rel":"","context":"In &quot;Marketing&quot;","block_context":{"text":"Marketing","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/marketing\/"},"img":{"alt_text":"","src":"http:\/\/www.assoc-amazon.com\/e\/ir?t=gregswann-20&l=as2&o=1&a=1401302378","width":350,"height":200},"classes":[]},{"id":15092,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/15092\/mine-mine-mine-are-defaulting-homeowners-criminals-when-they-take-the-stove\/","url_meta":{"origin":1812,"position":4},"title":"Mine, Mine, Mine! Are Defaulting Homeowners Criminals When They Take the Stove?","author":"Tony Sena","date":"September 12, 2011","format":false,"excerpt":"How many of you have seen foreclosed homes damaged or stripped of wall lighting, appliances, even kitchen cabinets, countertops, and toilets? I\u2019ve even seen homes stripped of their copper wiring (I mean, really?!)\u00a0 Indeed, we\u2019ve probably all at least heard stories of homes being damaged as the occupants depart after\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":9596,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/9596\/via-video-smoking-mr-potato-head\/","url_meta":{"origin":1812,"position":5},"title":"Via Video &#8211; Smoking Mr. Potato Head","author":"Ryan Hartman","date":"August 23, 2009","format":false,"excerpt":"No doubt. Real Estate agents (and arguably all biz people) should be creating content and publishing it to self hosted blogs that syndicate anywhere and everywhere on a regular basis. At the very least, the act itself makes us all better, (more thoughtful) practitioners at whatever it is we do.\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":[]}],"_links":{"self":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts\/1812","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\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/comments?post=1812"}],"version-history":[{"count":0,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts\/1812\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/media?parent=1812"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/categories?post=1812"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/tags?post=1812"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}