I am sure your intentions are good Ray. The idea it self is fine.
While on this topic…I am not sure why someone would want to rush out and pay 6% to anyone. Isn’t it common knowledge that 3.5-4.5 will do it? There is no need for the listing agent to take more than 2% or offer more that 2.5% to the cooperating broker.
Some people argue that higher commissions gives incentive to the buyer’s agent. I don’t think it is necessary because buyers have so much information available today and are spoon feeding their agents properties to look at. The agent can hardly refuse to show them because of a lower commission and shouldn’t anyway. There could be some effect of lower or higher commissions on cooperating brokers but I doubt it is much.
There have been articles in the paper about money and cars being given to agents to sell certain properties. I personally think that is just wrong.
