Announcement

Collapse
No announcement yet.
X
  • Filter
  • Time
  • Show
Clear All
new posts

  • Commission Negotiations....nah

    We all decide what we will charge for our services, and we all learn some lessons as we are figuring things out for our individual businesses. As individuals, we all offer unique skillsets and services. We can decide how much commission we will charge, and what services we will provide for that fee. The world is your oyster. I always charged top dollar for my services, and I have watched agents go bankrupt over the years because they treated their businesses as though they were not interested in profit.

    I listed a large subdivision years ago. The builder selected two other agents to list some of the homes in this large developement. He wanted agents to really compete for his business. It worked, and it gave him leverage to negotiate commissions. The builder wanted me to take a cut from my required listing commission because of the number of listings he was offering me, he wanted me to hold advertised open houses both Saturday and Sunday every week until all my listings were sold, and he wanted to be on the front page of the local real estate magazines. I was fully invested. We had worked together many times in the past, I was always his go-to agent, even though he hired a couple of agents that eagerly discounted their rate. They never lasted, they simply could not afford to give what this builder required for the fee he would negotiate. He always paid my fee, don't get me wrong, he always tried to reduce it. It never worked.

    I have always told my agents over the years to decide what they require, and don't deviate, unless you are offering fewer services. then, ask yourself if you will be able to close the sale if you are offering fewer services?? Afterall, no closing = $0.00.

    If you reduce your commission just to "win" a listing, you might find that your WIN turns into a big financial loss.
Previously entered content was automatically saved. Restore or Discard.
Auto-Saved
Smile :) Big Grin :D Frown :( Mad :mad: Stick Out Tongue :p Embarrassment :o Confused :confused: Wink ;) Roll Eyes (Sarcastic) :rolleyes: Cool :cool: EEK! :eek:
x
Insert: Thumbnail Small Medium Large Fullsize Remove  
x

Please enter the six letters or digits that appear in the image below.

Registration Image Refresh Image

AgentLinkus Member

Collapse

Dan I am a retired Principal Broker and mentor. I enjoy discussing the business of Real Estate and helping other Agents. Find out more about Dan

What's Going On

Collapse

There are currently 1594 users online. 5 members and 1589 guests.

Most users ever online was 43,843 at 08:38 AM on 05-07-2014.

Working...
X