{"id":976,"date":"2007-01-31T20:18:56","date_gmt":"2007-02-01T03:18:56","guid":{"rendered":"http:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/?p=976"},"modified":"2007-01-31T20:21:14","modified_gmt":"2007-02-01T03:21:14","slug":"overcharging-a-dedicated-realtor-is-a-bargain","status":"publish","type":"post","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/976\/overcharging-a-dedicated-realtor-is-a-bargain\/","title":{"rendered":"Overcharging? A dedicated Realtor is a bargain . . ."},"content":{"rendered":"

Attorney Craig Blackmon issues a testy remark in a comment today<\/a>, but the truth is, I could not be happier to discuss the underlying issue.<\/p>\n

Sez Craig:<\/p>\n

Well, it appears that even the “full service” agents are overcharging just a wee bit. It turns out that a successful agent must rebate nearly $69,000 a year to clients in order to charge a “fair” fee for the service. With this sort of transparency, I’m not sure Redfin has such a poor business model — at least they overcharge less.<\/p><\/blockquote>\n

I rebated more than half that amount in Q4 ’06 alone, so the number is not impressive to me.<\/p>\n

Here is a number that has a very high priority for me today: Three.<\/p>\n

That is the number of attorneys in two different states who tried with all their might — and failed — to kill one of my transactions.<\/p>\n

They weren’t really trying to kill the deal — they were just being lawyers: Clumsy, stupid, ham-handed and — most partic<\/i>ularly — slow. It took more than two weeks for the three of them to work out how to remove a bogus lis pendens<\/i> that should never have been a cloud on the title in the first place.<\/p>\n

I’m pretty sure each one of them made more on the house than I did.<\/p>\n

But the important thing is, we closed the deal. A real estate attorney would have either killed the deal or bled the buyer white — for months. Lazy-for-less Redfin would have killed the deal. We closed today and my buyer moved in because I refused<\/i> to let the transaction die.<\/p>\n

I get paid for results, not ergs of energy expended nor drops of sweat spilled nor towering piles of paperwork. Results — not my time, not information, not obsequious service. I only<\/i> get paid when I actually do<\/i> the job I was hired to do.<\/p>\n

Erg for erg, hour for hour, I lost my ass on this deal. But I don’t measure my life that way. I don’t have a job. I don’t get to eat one sesame seed every time I press the big red button. I work for days Read more<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Attorney Craig Blackmon issues a testy remark in a comment today, but the truth is, I could not be happier to discuss the underlying issue. Sez Craig: Well, it appears that even the “full service” agents are overcharging just a wee bit. It turns out that a successful agent must rebate nearly $69,000 a year […]<\/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":[4,6,5],"tags":[],"class_list":{"0":"post-976","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"hentry","6":"category-disintermediation","7":"category-marketing","8":"category-real-estate","10":"no-featured-image"},"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":981,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/981\/let-ideas-kill-themselves\/","url_meta":{"origin":976,"position":0},"title":"Let Ideas Kill Themselves","author":"Jeff Turner","date":"February 2, 2007","format":false,"excerpt":"The last 36 hours have been interesting to watch, both on ActiveRain and here on BloodhoundBlog. Perhaps there's something in the water, but there have been a slew of posts about REALTOR? commissions and what is the \"fair price\" to pay for their services. Here are a few: Are you\u2026","rel":"","context":"In "General"","block_context":{"text":"General","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/general\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":1442,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/1442\/two-simple-steps-that-can-save-you-hundreds-or-even-thousands-of-dollars-on-craig-proctors-lead-generation-systems\/","url_meta":{"origin":976,"position":1},"title":"Two simple steps that can save you hundreds or even thousands of dollars on Craig Proctor’s lead generation systems","author":"Greg Swann","date":"May 17, 2007","format":false,"excerpt":"Russell posted a note about a forthcoming Tom Ferry seminar. It would seem to be the seminar season, so I signed up for that one and two others, purely for the thrill of the chase: Identify the scam, marvel at the upsells, listen for the fall-back sale, all that cheesy\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":990,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/990\/bloodhoundblog-week-in-review-nothing-exceeds-like-intx\/","url_meta":{"origin":976,"position":2},"title":"BloodhoundBlog week in review: Nothing exceeds like INTx . . .","author":"Greg Swann","date":"February 4, 2007","format":false,"excerpt":"Surely BloodhoundBlog is not the nerdliest joint on the RE.net, but we've still got a lot of arrows in our quiver -- er, pocket protector. For a start, I pinned the tail on Redfin, arguing that nerdy INTx geeks are in fact their target market. (Sing along: \"I'm fluent in\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":1523,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/1523\/the-carnival-of-real-estate-36\/","url_meta":{"origin":976,"position":3},"title":"The Carnival of Real Estate . . .","author":"Greg Swann","date":"June 11, 2007","format":false,"excerpt":"...is up at Home Staging Rants and Ravings. Craig Schiller does a gorgeous job, not alone because he selects a definitive winner. Very well done... Technorati Tags: blogging, real estate, real estate marketing","rel":"","context":"In "Blog Carnivals"","block_context":{"text":"Blog Carnivals","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/blog-carnivals\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":3112,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/3112\/marketing-is-religion\/","url_meta":{"origin":976,"position":4},"title":"Marketing Is Religion","author":"Brian Brady","date":"May 13, 2008","format":false,"excerpt":"\"He's Catholic but he's awfully nice\" was a comment you might have heard, in the 50's. Now, I picked Catholicism but I could have picked Judaism, Evangelical Christianity, Islam... whatever. I'm using this as an example of how high the passions run when talk about a belief system. People are\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":1914,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/1914\/think-fast-would-you-trust-this-man-with-your-most-precious-investment\/","url_meta":{"origin":976,"position":5},"title":"Would you trust this man with your most precious investment?","author":"Greg Swann","date":"September 11, 2007","format":false,"excerpt":"Four hundred families a year do. Believe it or not, that's our own Russell Shaw in his salad days as a radio comedian in Phoenix in the mid-seventies. Derrick Bostrom, of the band The Meat Puppets, maintains a virtual shrine to a radio show called Love Workshop:\u201cLove Workshop\u201d was a\u2026","rel":"","context":"In "Casual Friday"","block_context":{"text":"Casual Friday","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/casual-friday\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts\/976","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=976"}],"version-history":[{"count":0,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts\/976\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/media?parent=976"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/categories?post=976"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/tags?post=976"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}