{"id":667,"date":"2006-11-20T23:41:39","date_gmt":"2006-11-21T06:41:39","guid":{"rendered":"http:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/?p=667"},"modified":"2007-05-13T20:08:36","modified_gmt":"2007-05-14T03:08:36","slug":"dual-agency-smack-down-russell-answers-up","status":"publish","type":"post","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/667\/dual-agency-smack-down-russell-answers-up\/","title":{"rendered":"Dual Agency Smack-Down – Russell Answers Up"},"content":{"rendered":"

Trevor Smith <\/a>writes:<\/p>\n

First, I want to say that you are incredibly articulate and a great writer. You know what you believe, you’ve researched it, and you stand by it. So, as far as that goes I respect you.<\/em><\/p>\n

Second, I am with John L Scott, where I charge 4% commission for a full service listing package. I love John L Scott, and my Broker has been very supportive of my business model.<\/em>Third, I recently interviewed with Redfin. This is not because I don’t like John L Scott, but becasue I believe in Redfin’s model. I believe that the REALTORs who will succeed in the next 30 years will likely adapt to a model similar to Redfin’s (ie lower commissions)<\/em><\/p>\n

<\/em><\/p><\/blockquote>\n

I would point out that since John L. Scott is a proven company and Redfin isn’t – your odds of success are far greater at your present home. If your present company – I believe it is the largest and most successful real estate brokerage firm in the entire northwest – is willing to support you in your desired business model, wouldn’t it make more sense to stay there? Check around and find out what the most successful John L. Scott agents earn and compare that to what the most successful Redfin agents earn.<\/p>\n

If Redfin were not a public company (one supported by raising cash from investors) they wouldn’t even have their doors open now. It isn’t a sustainable business model. You are free to ignore my comments and to believe that I am “biased” against them because they are a discounter, but you would be wrong in that assumption. Many companies are “discounters” and do quite well and I have no quarrel with them either.<\/p>\n

F<\/em>ourth, by interviewing at Redfin, I learned EXACTLY how Redfin operates their business, and so when you say that Redfin is not procuring cause… respectfully you’re the monkey… because you’re wrong. Redfin, does show houses to their buyers, does do the paperwork, and does take it to closing. That is procuring cause.<\/em><\/p><\/blockquote>\n

There may be circumstances and transactions where they aren’t guilty of violating procuring cause, nevertheless, that business model Read more<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Trevor Smith writes: First, I want to say that you are incredibly articulate and a great writer. You know what you believe, you’ve researched it, and you stand by it. So, as far as that goes I respect you. Second, I am with John L Scott, where I charge 4% commission for a full service […]<\/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":[4,11,5,27],"tags":[],"class_list":{"0":"post-667","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"hentry","6":"category-disintermediation","7":"category-dual-agency","8":"category-real-estate","9":"category-redfincom","11":"no-featured-image"},"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":9161,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/9161\/redfin-turns-a-profit\/","url_meta":{"origin":667,"position":0},"title":"Redfin Turns a profit","author":"John Rowles","date":"July 13, 2009","format":false,"excerpt":"Mention \"Redfin\" to many real estate traditionalistas and among the \"Yeah, buts...\"\u00a0 the closer is usually, \"Yeah, but they aren't profitable.\" That is no longer the case. Congratulations, Glenn. As we ponder the future of this business,\u00a0 the impact that technology is having and will have, and why it is\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":1251,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/1251\/redfincoms-real-estate-consumers-bill-of-rights-a-wolf-in-sheepskin-clothing\/","url_meta":{"origin":667,"position":1},"title":"Redfin.com’s Real Estate Consumer’s Bill of Rights: A wolf in sheepskin clothing . . .","author":"Greg Swann","date":"April 2, 2007","format":false,"excerpt":"I am a hardliner on the subject of reform in the real estate industry. Over the last nine months, I have written at great length about, among other things, the skill-set required to survive in the future of full-service real estate, empowering buyers, dual agency, how the NAR makes war\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":974,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/974\/redfin-and-the-antics-of-the-intx-crowd\/","url_meta":{"origin":667,"position":2},"title":"Redfin and the antics of the INTx crowd . . .","author":"Greg Swann","date":"January 30, 2007","format":false,"excerpt":"By my lights, one of the most interesting bits of news to come out of Inman Connect was Redfin's announcement that they plan to swim into Boston Harbor. Washington State has reasonably normal wild-West real estate laws, as does California. The natural leap, in terms of maintaining a decent level\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":654,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/654\/redfin-again\/","url_meta":{"origin":667,"position":3},"title":"Redfin Again","author":"Russell Shaw","date":"November 19, 2006","format":false,"excerpt":"Trevor Smith writes (and I respond): Your comment about Redfin is not only ignorant it is probably borderline libel. Please feel free to pass my comments and my contact information along to them. Do you even know exactly what services Redfin does or does not provide? No. What I do\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":6885,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/6885\/how-can-you-benefit-from-the-sexiest-search-site-in-the-real-estate-20-world-without-becoming-an-employee-redfincom-is-going-into-the-referrals-business\/","url_meta":{"origin":667,"position":4},"title":"How can you benefit from the sexiest search site in the Real Estate 2.0 world without becoming an employee? Redfin.com is going into the referrals business","author":"Greg Swann","date":"February 11, 2009","format":false,"excerpt":"I had this news last night, under embargo, but I was tied up with geek stuff. The Cliff's Notes: In areas where Redfin.com has MLS reach but does not have its own agents on the ground, starting today it will begin offering client referrals to agents it has screened and\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":1106,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/1106\/the-numbers-are-clearly-bogus-mr-kelman-show-us-the-files\/","url_meta":{"origin":667,"position":5},"title":"The numbers are clearly bogus, Mr. Kelman. Show us the files . . .","author":"Greg Swann","date":"March 2, 2007","format":false,"excerpt":"Kevin Boer thought he found an error in Redfin's accounting of its MLS results. What he found turned out to be trivial, which led to another round of war-hooping from the Redfin tribe. Meanwhile, our new contributor James Hsu has demonstrated that Redfin's horse runs behind the middle of 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":[]}],"_links":{"self":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts\/667","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=667"}],"version-history":[{"count":0,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts\/667\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/media?parent=667"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/categories?post=667"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/tags?post=667"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}