Realtor Commission

[sdrealtor]

Funny but without naming names, one of agents called out by SD R as competent is extraordinarily weak as a listing agent and cost numerous clients tens of thousands of dollars by consistenly allowing them to drastically overprice their homes in a declining market without applying any pressure to reduce them. I know this agent well and like them personaly very much but I also know this to be true and it is a good example of why a good agent can make a difference.

[NotCranky]

Cabal,
It looks like the consensus is for the low but realistic end of listing agent compensation, 1% to 1.5%. This should be readily obtainable with a decent and independent agent. You mention paying top dollar and I don’t see why you should pay any more than that especially since you are flexible as to the agent’s style and status.

There is nothing wrong with starting with a 2.5% cooperating broker offer. Many buyers are taking control of searches with sdlookup and similar and will make the agent show them your property or get another one who will.

My business model is to wait for clients who are proactive and more interested in advocacy than sales. Rather than prizing volume, I enjoy selective real estate transactions in which my straight shooting nature is welcome. I offer a comprehensive set of skills and the integrity you are looking for. If you would like to interview me for a SD county listing I can be reached at [email protected]

[NotCranky]

Cabal,
It looks like the consensus is for the low but realistic end of listing agent compensation, 1% to 1.5%. This should be readily obtainable with a decent and independent agent. You mention paying top dollar and I don’t see why you should pay any more than that especially since you are flexible as to the agent’s style and status.

There is nothing wrong with starting with a 2.5% cooperating broker offer. Many buyers are taking control of searches with sdlookup and similar and will make the agent show them your property or get another one who will.

My business model is to wait for clients who are proactive and more interested in advocacy than sales. Rather than prizing volume, I enjoy selective real estate transactions in which my straight shooting nature is welcome. I offer a comprehensive set of skills and the integrity you are looking for. If you would like to interview me for a SD county listing I can be reached at [email protected]

[NotCranky]

Cabal,
It looks like the consensus is for the low but realistic end of listing agent compensation, 1% to 1.5%. This should be readily obtainable with a decent and independent agent. You mention paying top dollar and I don’t see why you should pay any more than that especially since you are flexible as to the agent’s style and status.

There is nothing wrong with starting with a 2.5% cooperating broker offer. Many buyers are taking control of searches with sdlookup and similar and will make the agent show them your property or get another one who will.

My business model is to wait for clients who are proactive and more interested in advocacy than sales. Rather than prizing volume, I enjoy selective real estate transactions in which my straight shooting nature is welcome. I offer a comprehensive set of skills and the integrity you are looking for. If you would like to interview me for a SD county listing I can be reached at [email protected]

[NotCranky]

Cabal,
It looks like the consensus is for the low but realistic end of listing agent compensation, 1% to 1.5%. This should be readily obtainable with a decent and independent agent. You mention paying top dollar and I don’t see why you should pay any more than that especially since you are flexible as to the agent’s style and status.

There is nothing wrong with starting with a 2.5% cooperating broker offer. Many buyers are taking control of searches with sdlookup and similar and will make the agent show them your property or get another one who will.

My business model is to wait for clients who are proactive and more interested in advocacy than sales. Rather than prizing volume, I enjoy selective real estate transactions in which my straight shooting nature is welcome. I offer a comprehensive set of skills and the integrity you are looking for. If you would like to interview me for a SD county listing I can be reached at [email protected]

[NotCranky]

Cabal,
It looks like the consensus is for the low but realistic end of listing agent compensation, 1% to 1.5%. This should be readily obtainable with a decent and independent agent. You mention paying top dollar and I don’t see why you should pay any more than that especially since you are flexible as to the agent’s style and status.

There is nothing wrong with starting with a 2.5% cooperating broker offer. Many buyers are taking control of searches with sdlookup and similar and will make the agent show them your property or get another one who will.

My business model is to wait for clients who are proactive and more interested in advocacy than sales. Rather than prizing volume, I enjoy selective real estate transactions in which my straight shooting nature is welcome. I offer a comprehensive set of skills and the integrity you are looking for. If you would like to interview me for a SD county listing I can be reached at [email protected]

[SD Realtor]

sdr if we are thinking about the same agent does she have the initials KK? If so she seemed to do fine as a listing agent when we were on the other side of the transaction with her. That is the only agent I “called out” so to speak.

Also as far as costing her clients money in the other transaction I was involved with her in, she could not convince her clients to take a low offer which yes in the end cost her clients money.

However I do not agree to put blame on an agent who cannot convince a seller to take a lower offer. In some cases as you are well aware, sellers can be blinds as bats when it comes to pricing. You can show them the comps, you can show them the market conditions, and present as much data as possible, but in the end if they choose to live in denial then that is thier own choice. Of course it is that agents choice to take the listing or not but I am not sure you can blame the agent unless you have insight into the client agent relationship.

I do believe the majority of listing agents out there do indeed mislead clients about pricing. In that sense there is a listing I passed on in north county that this agent did indeed take and of course it went nowhere. Conversely I did take a listing last year in north county as a favor for a friend and they priced the home about 450k higher then my recommendation. You are probably familiar with the home. I told them it would never sell and of course they chased the market down and it never sold.

Sometimes there is nothing you can do.

Cabal there are alot of independents out there who list at 1% and up including myself. Again, interview lots of different people. Also don’t let commission drive your decision. Find the agent who works for what you need. Indeed what you may want is a full service agent who knows you neighborhood very well and may have some pocket buyers looking for what you own. Additionally he/she may run open houses every weekend and such and put extensive marketing campaigns together for you.

Frequently people get caught up in the commission but in the long run, what is important is that you get an agent who does what you want them to do. Maybe you pay more for it but it may be the right choice.

[SD Realtor]

sdr if we are thinking about the same agent does she have the initials KK? If so she seemed to do fine as a listing agent when we were on the other side of the transaction with her. That is the only agent I “called out” so to speak.

Also as far as costing her clients money in the other transaction I was involved with her in, she could not convince her clients to take a low offer which yes in the end cost her clients money.

However I do not agree to put blame on an agent who cannot convince a seller to take a lower offer. In some cases as you are well aware, sellers can be blinds as bats when it comes to pricing. You can show them the comps, you can show them the market conditions, and present as much data as possible, but in the end if they choose to live in denial then that is thier own choice. Of course it is that agents choice to take the listing or not but I am not sure you can blame the agent unless you have insight into the client agent relationship.

I do believe the majority of listing agents out there do indeed mislead clients about pricing. In that sense there is a listing I passed on in north county that this agent did indeed take and of course it went nowhere. Conversely I did take a listing last year in north county as a favor for a friend and they priced the home about 450k higher then my recommendation. You are probably familiar with the home. I told them it would never sell and of course they chased the market down and it never sold.

Sometimes there is nothing you can do.

Cabal there are alot of independents out there who list at 1% and up including myself. Again, interview lots of different people. Also don’t let commission drive your decision. Find the agent who works for what you need. Indeed what you may want is a full service agent who knows you neighborhood very well and may have some pocket buyers looking for what you own. Additionally he/she may run open houses every weekend and such and put extensive marketing campaigns together for you.

Frequently people get caught up in the commission but in the long run, what is important is that you get an agent who does what you want them to do. Maybe you pay more for it but it may be the right choice.

[SD Realtor]

sdr if we are thinking about the same agent does she have the initials KK? If so she seemed to do fine as a listing agent when we were on the other side of the transaction with her. That is the only agent I “called out” so to speak.

Also as far as costing her clients money in the other transaction I was involved with her in, she could not convince her clients to take a low offer which yes in the end cost her clients money.

However I do not agree to put blame on an agent who cannot convince a seller to take a lower offer. In some cases as you are well aware, sellers can be blinds as bats when it comes to pricing. You can show them the comps, you can show them the market conditions, and present as much data as possible, but in the end if they choose to live in denial then that is thier own choice. Of course it is that agents choice to take the listing or not but I am not sure you can blame the agent unless you have insight into the client agent relationship.

I do believe the majority of listing agents out there do indeed mislead clients about pricing. In that sense there is a listing I passed on in north county that this agent did indeed take and of course it went nowhere. Conversely I did take a listing last year in north county as a favor for a friend and they priced the home about 450k higher then my recommendation. You are probably familiar with the home. I told them it would never sell and of course they chased the market down and it never sold.

Sometimes there is nothing you can do.

Cabal there are alot of independents out there who list at 1% and up including myself. Again, interview lots of different people. Also don’t let commission drive your decision. Find the agent who works for what you need. Indeed what you may want is a full service agent who knows you neighborhood very well and may have some pocket buyers looking for what you own. Additionally he/she may run open houses every weekend and such and put extensive marketing campaigns together for you.

Frequently people get caught up in the commission but in the long run, what is important is that you get an agent who does what you want them to do. Maybe you pay more for it but it may be the right choice.

[SD Realtor]

sdr if we are thinking about the same agent does she have the initials KK? If so she seemed to do fine as a listing agent when we were on the other side of the transaction with her. That is the only agent I “called out” so to speak.

Also as far as costing her clients money in the other transaction I was involved with her in, she could not convince her clients to take a low offer which yes in the end cost her clients money.

However I do not agree to put blame on an agent who cannot convince a seller to take a lower offer. In some cases as you are well aware, sellers can be blinds as bats when it comes to pricing. You can show them the comps, you can show them the market conditions, and present as much data as possible, but in the end if they choose to live in denial then that is thier own choice. Of course it is that agents choice to take the listing or not but I am not sure you can blame the agent unless you have insight into the client agent relationship.

I do believe the majority of listing agents out there do indeed mislead clients about pricing. In that sense there is a listing I passed on in north county that this agent did indeed take and of course it went nowhere. Conversely I did take a listing last year in north county as a favor for a friend and they priced the home about 450k higher then my recommendation. You are probably familiar with the home. I told them it would never sell and of course they chased the market down and it never sold.

Sometimes there is nothing you can do.

Cabal there are alot of independents out there who list at 1% and up including myself. Again, interview lots of different people. Also don’t let commission drive your decision. Find the agent who works for what you need. Indeed what you may want is a full service agent who knows you neighborhood very well and may have some pocket buyers looking for what you own. Additionally he/she may run open houses every weekend and such and put extensive marketing campaigns together for you.

Frequently people get caught up in the commission but in the long run, what is important is that you get an agent who does what you want them to do. Maybe you pay more for it but it may be the right choice.

[SD Realtor]

sdr if we are thinking about the same agent does she have the initials KK? If so she seemed to do fine as a listing agent when we were on the other side of the transaction with her. That is the only agent I “called out” so to speak.

Also as far as costing her clients money in the other transaction I was involved with her in, she could not convince her clients to take a low offer which yes in the end cost her clients money.

However I do not agree to put blame on an agent who cannot convince a seller to take a lower offer. In some cases as you are well aware, sellers can be blinds as bats when it comes to pricing. You can show them the comps, you can show them the market conditions, and present as much data as possible, but in the end if they choose to live in denial then that is thier own choice. Of course it is that agents choice to take the listing or not but I am not sure you can blame the agent unless you have insight into the client agent relationship.

I do believe the majority of listing agents out there do indeed mislead clients about pricing. In that sense there is a listing I passed on in north county that this agent did indeed take and of course it went nowhere. Conversely I did take a listing last year in north county as a favor for a friend and they priced the home about 450k higher then my recommendation. You are probably familiar with the home. I told them it would never sell and of course they chased the market down and it never sold.

Sometimes there is nothing you can do.

Cabal there are alot of independents out there who list at 1% and up including myself. Again, interview lots of different people. Also don’t let commission drive your decision. Find the agent who works for what you need. Indeed what you may want is a full service agent who knows you neighborhood very well and may have some pocket buyers looking for what you own. Additionally he/she may run open houses every weekend and such and put extensive marketing campaigns together for you.

Frequently people get caught up in the commission but in the long run, what is important is that you get an agent who does what you want them to do. Maybe you pay more for it but it may be the right choice.

[sdrealtor]

Yes and that agent is a good friend. Handling the mechanics of a transactions is no problem for him/her but business savy isnt there. I had numerous discussions with him/her trying to explain what needed to be done but it was on deaf ears. He/she is just too nice of person to be forceful and persistent which is necessary. My recent seller who was in denial was subject to a few very forceful and heated discussions with me. She was in denial and I told her shoe would regret not listening to me. I laid it on the line because I knew she needed to hear what I had to say. It could have cost me the listing but representing her best interests instead of mine were served by laying into her. Its not something i do often but sometimes have to. While you cant force a seller to take a lower offer, you can convince many to be realistic if you understand economics and finance. I have conversations like that with my clients all the time as I suspect you do.

Cabal, I do everything the others do around here and more except blindinly solicit business here. One thing i would suggest is getting an agent who is within a reasonable distance of your home so they can provide the service you need and deserve. Sorry Rus, but I think Jamul is a bit far from wherever this house is. When I get listing opportunities in your area I refer them out because it is better for the client that I do so. I get calls all the time on listings from buyers that want ME to show it to them on short notice. I cant do that on a listing that is far away. The one exception I have to this rule is distressed sales where I beleive my skills in helping them deal with that aspect are more valuable than the disadvantage of being far away. Plus they dont care what price it sells for, just that it sells and they are protected.

[sdrealtor]

Yes and that agent is a good friend. Handling the mechanics of a transactions is no problem for him/her but business savy isnt there. I had numerous discussions with him/her trying to explain what needed to be done but it was on deaf ears. He/she is just too nice of person to be forceful and persistent which is necessary. My recent seller who was in denial was subject to a few very forceful and heated discussions with me. She was in denial and I told her shoe would regret not listening to me. I laid it on the line because I knew she needed to hear what I had to say. It could have cost me the listing but representing her best interests instead of mine were served by laying into her. Its not something i do often but sometimes have to. While you cant force a seller to take a lower offer, you can convince many to be realistic if you understand economics and finance. I have conversations like that with my clients all the time as I suspect you do.

Cabal, I do everything the others do around here and more except blindinly solicit business here. One thing i would suggest is getting an agent who is within a reasonable distance of your home so they can provide the service you need and deserve. Sorry Rus, but I think Jamul is a bit far from wherever this house is. When I get listing opportunities in your area I refer them out because it is better for the client that I do so. I get calls all the time on listings from buyers that want ME to show it to them on short notice. I cant do that on a listing that is far away. The one exception I have to this rule is distressed sales where I beleive my skills in helping them deal with that aspect are more valuable than the disadvantage of being far away. Plus they dont care what price it sells for, just that it sells and they are protected.

[sdrealtor]

Yes and that agent is a good friend. Handling the mechanics of a transactions is no problem for him/her but business savy isnt there. I had numerous discussions with him/her trying to explain what needed to be done but it was on deaf ears. He/she is just too nice of person to be forceful and persistent which is necessary. My recent seller who was in denial was subject to a few very forceful and heated discussions with me. She was in denial and I told her shoe would regret not listening to me. I laid it on the line because I knew she needed to hear what I had to say. It could have cost me the listing but representing her best interests instead of mine were served by laying into her. Its not something i do often but sometimes have to. While you cant force a seller to take a lower offer, you can convince many to be realistic if you understand economics and finance. I have conversations like that with my clients all the time as I suspect you do.

Cabal, I do everything the others do around here and more except blindinly solicit business here. One thing i would suggest is getting an agent who is within a reasonable distance of your home so they can provide the service you need and deserve. Sorry Rus, but I think Jamul is a bit far from wherever this house is. When I get listing opportunities in your area I refer them out because it is better for the client that I do so. I get calls all the time on listings from buyers that want ME to show it to them on short notice. I cant do that on a listing that is far away. The one exception I have to this rule is distressed sales where I beleive my skills in helping them deal with that aspect are more valuable than the disadvantage of being far away. Plus they dont care what price it sells for, just that it sells and they are protected.

[sdrealtor]

Yes and that agent is a good friend. Handling the mechanics of a transactions is no problem for him/her but business savy isnt there. I had numerous discussions with him/her trying to explain what needed to be done but it was on deaf ears. He/she is just too nice of person to be forceful and persistent which is necessary. My recent seller who was in denial was subject to a few very forceful and heated discussions with me. She was in denial and I told her shoe would regret not listening to me. I laid it on the line because I knew she needed to hear what I had to say. It could have cost me the listing but representing her best interests instead of mine were served by laying into her. Its not something i do often but sometimes have to. While you cant force a seller to take a lower offer, you can convince many to be realistic if you understand economics and finance. I have conversations like that with my clients all the time as I suspect you do.

Cabal, I do everything the others do around here and more except blindinly solicit business here. One thing i would suggest is getting an agent who is within a reasonable distance of your home so they can provide the service you need and deserve. Sorry Rus, but I think Jamul is a bit far from wherever this house is. When I get listing opportunities in your area I refer them out because it is better for the client that I do so. I get calls all the time on listings from buyers that want ME to show it to them on short notice. I cant do that on a listing that is far away. The one exception I have to this rule is distressed sales where I beleive my skills in helping them deal with that aspect are more valuable than the disadvantage of being far away. Plus they dont care what price it sells for, just that it sells and they are protected.

[Author]

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