{"id":4236,"date":"2008-09-07T05:00:00","date_gmt":"2008-09-07T12:00:00","guid":{"rendered":"http:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/?p=4236"},"modified":"2008-09-30T06:55:53","modified_gmt":"2008-09-30T13:55:53","slug":"introduction-to-a-consumers-guide-to-the-divorced-real-estate-commission-the-ebook","status":"publish","type":"post","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/4236\/introduction-to-a-consumers-guide-to-the-divorced-real-estate-commission-the-ebook\/","title":{"rendered":"Introduction to “A consumer’s guide to the divorced real estate commission” — the eBook"},"content":{"rendered":"

[This is the introductory text to an eBook I have prepared discussing the idea of divorcing the real estate commissions, a topic I have discussed here at some length. You can find the eBook by clicking here<\/a>. If you like, you can post a button linking to this book — there is code at the end of this post. But my primary motive for putting this together is to appeal to the various consumer-facing personal finance weblogs. I don’t foresee any meaningful reform in the real estate industry originating from the inside, so I am doing what I can to arm consumers against the pernicious evil that is the National Association of Realtors. –GSS]<\/em><\/p>\n

 
Introduction<\/strong><\/p>\n

Here are three interesting real estate questions, two that came to me directly and one that was commended to me by Rudy Bachraty of Trulia.com<\/a>.<\/p>\n

Question #1:<\/strong> “Potential buyers for our home ($800K – California) have a realtor but he did not find our home for them. The buyers did and have visited both times without him. He has played no role whatever in bringing us these buyers. If we accept their offer why on earth should we give him 3% ($24K) of our home’s equity for contributing nothing whatsoever?”<\/p>\n

Question #2:<\/strong> “When looking at homes on our own and calling the listing agents ourselves to set up appointments, does that obligate us to go with the listing agent if we decide to place an offer on the property?”<\/p>\n

Question #3:<\/strong> “Since the amount of work involved doesn’t really differ according to the value of the house, financially, it seems like the percentage commission would make higher prices more favorable from a buyer’s agent’s perspective. If this is the case, why would the buyer’s agent be motivated to help negotiate the price down?”<\/p>\n

Now, there are nice, long, complicated answers for each of those questions, and nice, long, complicated answers are the very essence of a certain type of salesmanship. It’s called Tap-Dancing, and it works — at least if you’re easily confused. But here are much shorter, much more truthful answers to those three questions:<\/p>\n

Answer #1:<\/strong> If you want to hang Read more<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

[This is the introductory text to an eBook I have prepared discussing the idea of divorcing the real estate commissions, a topic I have discussed here at some length. You can find the eBook by clicking here. If you like, you can post a button linking to this book — there is code at the […]<\/p>\n","protected":false},"author":1,"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":[24,212,29,6,5],"tags":[],"class_list":{"0":"post-4236","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"hentry","6":"category-egoism-in-action","7":"category-flourishing","8":"category-group-therapy","9":"category-marketing","10":"category-real-estate","12":"no-featured-image"},"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":13731,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/13731\/violent-change-in-store-for-real-estate-agents\/","url_meta":{"origin":4236,"position":0},"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 "Real Estate"","block_context":{"text":"Real Estate","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/real-estate\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":2394,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/2394\/what-tricks-pay-off-in-the-searchable-universe-seth-godin-argues-the-best-way-is-the-long-way\/","url_meta":{"origin":4236,"position":1},"title":"What tricks pay off in the searchable universe? Seth Godin argues, “The best way is the long way”","author":"Greg Swann","date":"December 19, 2007","format":false,"excerpt":"Seth Godin has a new ebook, yours for free. What's the catch? Getting the value out of it is going to take work.There's an enormous amount of superstition about what makes some pages rank high while others languish. When you look at the actual figures, though, much of that fades\u2026","rel":"","context":"In "Blogging"","block_context":{"text":"Blogging","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/blogging\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":1231,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/1231\/resource-recourse-for-the-budding-real-estate-weblogger-opportunities-for-self-improvement-are-everywhere-and-every-where-is-right-here\/","url_meta":{"origin":4236,"position":2},"title":"Resource recourse: For the budding real estate weblogger, opportunities for self-improvement are everywhere — and every where is right here","author":"Greg Swann","date":"March 28, 2007","format":false,"excerpt":"Seth says to write an ebook, and I think this is a fine idea. When we start to look like we're done with the Weblogging 101 curriculum, I'll go back and whip together something that can work on dead-tree media. This would not be the ideal way to work with\u2026","rel":"","context":"In "Blogging"","block_context":{"text":"Blogging","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/blogging\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":18324,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/18324\/buyer-agency-project-buyer-agents-offer-no-value-today\/","url_meta":{"origin":4236,"position":3},"title":"Buyer Agency Project: Buyer agents offer no value today.","author":"Brian Brady","date":"July 17, 2021","format":false,"excerpt":"\"I just showed three houses this week, out in L******, and all of them had 2% co-brokerage fees.\u00a0 Learn to sell, listing agents\" I read this post (paraphrased), from a former car salesman with a Florida real estate license, in a Facebook group the other day.\u00a0 The irony of it\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":14765,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/14765\/a-virtual-real-estate-broker-who-declares-freedom-an-anathema\/","url_meta":{"origin":4236,"position":4},"title":"A Virtual Real Estate Broker Who Declares Freedom – An Anathema","author":"Chuck Marunde","date":"July 6, 2011","format":false,"excerpt":"This virtual real estate broker hereby declares freedom. Freedom from the traditional bricks-and-mortar business models that worship the institutions of the real estate industry. I have always been an iconoclast who is bored by the weekly office manager giving his inane speech about \"get out there and get those listings.\"\u2026","rel":"","context":"In "Marketing"","block_context":{"text":"Marketing","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/marketing\/"},"img":{"alt_text":"Virtual Real Estate Broker","src":"https:\/\/i0.wp.com\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-content\/uploads\/2011\/07\/Cover-3D-224x300.jpg?resize=350%2C200","width":350,"height":200},"classes":[]},{"id":7308,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/7308\/brief-links-todd-carpenter-at-rebarcamp-virginia-active-rain-versus-move-and-why-the-kindle-iphone-app-is-too-little-too-late\/","url_meta":{"origin":4236,"position":5},"title":"Brief links: Todd Carpenter at REBarCamp Virginia, Active Rain versus Move and why the Kindle iPhone app is too-little, too-late","author":"Greg Swann","date":"March 4, 2009","format":false,"excerpt":"Daniel Rothamel made a UStream video of Todd Carpenter's appearance yesterday at REBarCamp Virginia. Todd acquitted himself fairly well, only now and then sounding like an oily, evasive politician. His mien was perfect: Middle-management nerd, which is his newly-assigned role. His boss, Hillary Marsh, also spoke, and she was a\u2026","rel":"","context":"In "Blogging"","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\/4236","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\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/comments?post=4236"}],"version-history":[{"count":19,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts\/4236\/revisions"}],"predecessor-version":[{"id":4735,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts\/4236\/revisions\/4735"}],"wp:attachment":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/media?parent=4236"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/categories?post=4236"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/tags?post=4236"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}