Powwayseller, I think that we are pretty much in agreement as to the direction of the market, I was just trying to point out that a Listing Realtor with a sucessful farm can rake in the coin.
There is two sides to the commission. The listing agent and the buyers agent. If the house sells on the MLS, the listing agent get 50% of the commission. If the listing agent also finds the buyer he gets both sides of the commission. What I was saying, if you want to buy a house in my area, John Lundin is going to get 50% of the commission. Almost every listing in this area is his. He’s got 5 times as many signs out this year. Even if business is down 50%, hes trolling with 5 hooks instead of one.
What SDR was saying, if he can get his sellers to list at a realistic price, his listings will sell. And if you have a “resonable priced listing” (talk about an oxymoran), some other real estate agent will do all the foot work and the listing agent still gets 50% of the commission.
