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  • May 4, 2009 at 10:15 PM #393709
    j
    Participant

    So, I take it that all the foreclosures are on people that did not use a Realtor. Realtors and mortgage brokers tend to be the ones that are losing multiple houses to foreclosure. I think most Realtors can only figure out the value of their commission check, and the others can’t even do that.

    May 5, 2009 at 3:39 PM #393355
    urbanrealtor
    Participant

    [quote=kauaiagent]urbanrealtor – very true re. brand names. I’m curious about why you think Pru is “circling the drain”.[/quote]
    They have shuttered 90% of their SD county offices and most of their agents in the central SD area have left to Windemere or Ascent.

    They forgot the basic fundamentals of brokerage.
    When you are an agent, your customer is the client.
    When you are a broker, your customer is the agent.

    They forgot that its the agents, not their branding, that pays the bills.

    They offered agents all-inclusive packages with a 55% split. Most offices offer a 75% starting split and some offer a 95% starting with a monthly fee.

    Funny, they seemed pretty successful until they got bought by Berkshire Hathaway.

    Ironic…

    May 5, 2009 at 3:39 PM #393611
    urbanrealtor
    Participant

    [quote=kauaiagent]urbanrealtor – very true re. brand names. I’m curious about why you think Pru is “circling the drain”.[/quote]
    They have shuttered 90% of their SD county offices and most of their agents in the central SD area have left to Windemere or Ascent.

    They forgot the basic fundamentals of brokerage.
    When you are an agent, your customer is the client.
    When you are a broker, your customer is the agent.

    They forgot that its the agents, not their branding, that pays the bills.

    They offered agents all-inclusive packages with a 55% split. Most offices offer a 75% starting split and some offer a 95% starting with a monthly fee.

    Funny, they seemed pretty successful until they got bought by Berkshire Hathaway.

    Ironic…

    May 5, 2009 at 3:39 PM #393824
    urbanrealtor
    Participant

    [quote=kauaiagent]urbanrealtor – very true re. brand names. I’m curious about why you think Pru is “circling the drain”.[/quote]
    They have shuttered 90% of their SD county offices and most of their agents in the central SD area have left to Windemere or Ascent.

    They forgot the basic fundamentals of brokerage.
    When you are an agent, your customer is the client.
    When you are a broker, your customer is the agent.

    They forgot that its the agents, not their branding, that pays the bills.

    They offered agents all-inclusive packages with a 55% split. Most offices offer a 75% starting split and some offer a 95% starting with a monthly fee.

    Funny, they seemed pretty successful until they got bought by Berkshire Hathaway.

    Ironic…

    May 5, 2009 at 3:39 PM #393878
    urbanrealtor
    Participant

    [quote=kauaiagent]urbanrealtor – very true re. brand names. I’m curious about why you think Pru is “circling the drain”.[/quote]
    They have shuttered 90% of their SD county offices and most of their agents in the central SD area have left to Windemere or Ascent.

    They forgot the basic fundamentals of brokerage.
    When you are an agent, your customer is the client.
    When you are a broker, your customer is the agent.

    They forgot that its the agents, not their branding, that pays the bills.

    They offered agents all-inclusive packages with a 55% split. Most offices offer a 75% starting split and some offer a 95% starting with a monthly fee.

    Funny, they seemed pretty successful until they got bought by Berkshire Hathaway.

    Ironic…

    May 5, 2009 at 3:39 PM #394018
    urbanrealtor
    Participant

    [quote=kauaiagent]urbanrealtor – very true re. brand names. I’m curious about why you think Pru is “circling the drain”.[/quote]
    They have shuttered 90% of their SD county offices and most of their agents in the central SD area have left to Windemere or Ascent.

    They forgot the basic fundamentals of brokerage.
    When you are an agent, your customer is the client.
    When you are a broker, your customer is the agent.

    They forgot that its the agents, not their branding, that pays the bills.

    They offered agents all-inclusive packages with a 55% split. Most offices offer a 75% starting split and some offer a 95% starting with a monthly fee.

    Funny, they seemed pretty successful until they got bought by Berkshire Hathaway.

    Ironic…

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