{"id":4979,"date":"2008-10-16T08:00:19","date_gmt":"2008-10-16T15:00:19","guid":{"rendered":"http:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/?p=4979"},"modified":"2008-10-16T07:51:52","modified_gmt":"2008-10-16T14:51:52","slug":"and-thats-why-commission-is-better","status":"publish","type":"post","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/4979\/and-thats-why-commission-is-better\/","title":{"rendered":"And That’s Why Commission is Better"},"content":{"rendered":"

There are a great many rewards to being a commission-based, self-employed entrepreneur.\u00a0 Freedom has to be number one.\u00a0 Even in the limited form it takes within our system of centralized decision making, pointless licensing laws and oppressive, regressive taxation, there is still freedom.\u00a0 Another, decidedly less esoteric benefit, is the inherent unlimited income opportunity.\u00a0 To what degree we utilize that opportunity is entirely up to us.\u00a0 I mention this in light of all the discussion lately about Socialist policies and redistribution of wealth.\u00a0 It seems an opportune time to point out how the system self-corrects when left to itself (albeit painfully at times).<\/p>\n

It wasn’t more than a year, year and a half ago that social engineers were up in arms over the outrageous pay CEO’s received.\u00a0 They would graph the income of the president of a large company as a factor of the average employee’s income within the same company.\u00a0 “This is wrong!” they would yell.\u00a0 “A moral outrage” they would opine on the talking head shows.\u00a0 “Another example of the evil capitalist system rewarding the rich at the expense of the poor.”\u00a0 We all heard it and quite frankly, I had a hard time myself not gagging over some of the pay structures I saw.\u00a0 I would be the first to stand up and agree that paying a CEO tens (never mind hundreds) of millions of dollars is nearly impossible to justify from an economic standpoint.\u00a0 But the difference in argument should be painfully obvious.\u00a0 The enraged egalitarians may have disagreed with the economic soundness of executive level pay but they decried the morality<\/em> of it.\u00a0 Few things as scary as a large crowd informing me what morality is.<\/p>\n

Those angry groups of ivory tower thinkers and blue collar unifiers do not believe the system corrects.\u00a0 They believe the best option is their<\/em> option and invariably it involves income redistribution.\u00a0 Pointing to graphs relating a CEO’s pay to that of an average employee on the assembly line is meaningless.\u00a0 Their is no logical nor economic reasoning to justify some type of mathematical relationship.\u00a0 The issue, of course, is whether a company Read more<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

There are a great many rewards to being a commission-based, self-employed entrepreneur.\u00a0 Freedom has to be number one.\u00a0 Even in the limited form it takes within our system of centralized decision making, pointless licensing laws and oppressive, regressive taxation, there is still freedom.\u00a0 Another, decidedly less esoteric benefit, is the inherent unlimited income opportunity.\u00a0 To […]<\/p>\n","protected":false},"author":36,"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],"tags":[],"class_list":{"0":"post-4979","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"hentry","6":"category-real-estate","8":"no-featured-image"},"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":2496,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/2496\/a-canadian-magazine-publisher-instructs-loudoun-county-tax-assessor-todd-kaufman-and-all-of-us-on-the-american-tradition-of-freedom-of-the-press\/","url_meta":{"origin":4979,"position":0},"title":"A Canadian magazine publisher instructs Loudoun County Tax Assessor Todd Kaufman — and all of us — on the American tradition of Freedom of the Press","author":"Greg Swann","date":"January 13, 2008","format":false,"excerpt":"As you may know, the Canadian Human Rights Commission accidentally read George Orwell's 1984 backwards. In consequence, it has set itself the task of persecuting Canadian publishers for the crime of having published. Most notably, international gadfly Mark Steyn -- along with Macleans magazine -- has a date with the\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":13753,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/13753\/this-article-is-a-waste-of-your-time\/","url_meta":{"origin":4979,"position":1},"title":"This Article is a Waste of Your Time","author":"Sean Purcell","date":"December 3, 2010","format":false,"excerpt":"The NAR has come out against the Debt Reduction Commission's recommendation to eliminate (actually, not eliminate but rather greatly reduce and alter) the mortgage interest tax deduction (MID)...\u00a0 Isn't that a shock?\u00a0 No? You knew those dip-shits at NAR would knee-jerk react to their sacred cow?\u00a0 Hey, I warned you\u2026","rel":"","context":"In "Big Mother"","block_context":{"text":"Big Mother","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/big-mother\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":2264,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/2264\/7373-words-the-nar-code-of-ethics\/","url_meta":{"origin":4979,"position":2},"title":"7,373 Words – The NAR Code of Ethics","author":"Jay Thompson","date":"November 26, 2007","format":false,"excerpt":"In his post here earlier today, Jim Duncan said something I've thought since the day I stood up, raised my right hand and pledged to uphold the Realtor Code of Ethics: I have argued before that if you need 8 9 pages to explain ethics, rather than a simple code\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":576,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/576\/learning-to-negotiate-the-buyers-agents-commission\/","url_meta":{"origin":4979,"position":3},"title":"Learning to negotiate the buyer’s agent’s commission . . .","author":"Greg Swann","date":"October 27, 2006","format":false,"excerpt":"From my column in today's Arizona Republic, a familiar theme. The permanently linked version uses a somewhat longer version of the text. \u00a0Negotiate agent commission In past weeks, we talked about using the simple question \"How much do you charge?\" to negotiate a more reasonable buyer's agent commission. Buyers traditionally\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":733,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/733\/ask-the-broker-can-buyers-negotiate-for-the-buyers-agents-commission-to-be-paid-to-them-instead\/","url_meta":{"origin":4979,"position":4},"title":"Ask the Broker: Can buyers negotiate for the buyer’s agent’s commission to be paid to them instead . . . ?","author":"Greg Swann","date":"December 5, 2006","format":false,"excerpt":"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\u2026","rel":"","context":"In "Ask the Broker"","block_context":{"text":"Ask the Broker","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/ask-the-broker\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":1993,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/1993\/what-would-you-pay-for-a-real-estate-agent-if-the-commission-was-100-optional\/","url_meta":{"origin":4979,"position":5},"title":"What Would You Pay For A Real Estate Agent If The Commission Was 100% Optional?","author":"Dan Green","date":"October 1, 2007","format":false,"excerpt":"Radiohead is selling tracks from their upcoming album \"In Rainbows\" online. The price per track, according to the site, \"is up to you\".\u00a0 Fans can choose how much they want to pay for the MP3 tracks, or not pay anything at all. Was there ever a more confident display of\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":[]}],"_links":{"self":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts\/4979","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\/36"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/comments?post=4979"}],"version-history":[{"count":27,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts\/4979\/revisions"}],"predecessor-version":[{"id":5009,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts\/4979\/revisions\/5009"}],"wp:attachment":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/media?parent=4979"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/categories?post=4979"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/tags?post=4979"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}