[njtosd]

[quote=sdrealtor] The Irvine Companies of the world would continue the thuggery they employed to steal land from long time owners. If anyone offered to pay me for my work on an hourly basis, I would jump at the opportunity as I beleive my income could easily double for the work I put in if paid on an hourly basis. Of course, anyone who paid on an hourly basis would quickly realize what a raw deal it was in comparison and ask to go back to the old system.

…

Also flat fee services have been widely available for years with HelpUsell, assit2sell etc. Theya re easy to find also. Just pop by a local strip shopping center and look for the remains of their now closed business because the business model doesnt work.

[/quote]

Why do you think that the reduced price models don’t work? And I’m definitely not following you on the thuggery issue. Hourly fees work for lawyers, doctors and accountants. And most lawyers offer to work on a contingency fee (commission) basis if the ultimate award would justify it. On the other hand, I generally associate commissions with the saleswomen at clothing stores.

Finally, what do you think a fair hourly fee would be for an agent of average experience? Referring back to the other thread, would the hourly system work because clients might get an idea of the experience/inexperience of an agent from the hourly fee that that person is able to charge?

[njtosd]

[quote=sdrealtor] The Irvine Companies of the world would continue the thuggery they employed to steal land from long time owners. If anyone offered to pay me for my work on an hourly basis, I would jump at the opportunity as I beleive my income could easily double for the work I put in if paid on an hourly basis. Of course, anyone who paid on an hourly basis would quickly realize what a raw deal it was in comparison and ask to go back to the old system.

…

Also flat fee services have been widely available for years with HelpUsell, assit2sell etc. Theya re easy to find also. Just pop by a local strip shopping center and look for the remains of their now closed business because the business model doesnt work.

[/quote]

Why do you think that the reduced price models don’t work? And I’m definitely not following you on the thuggery issue. Hourly fees work for lawyers, doctors and accountants. And most lawyers offer to work on a contingency fee (commission) basis if the ultimate award would justify it. On the other hand, I generally associate commissions with the saleswomen at clothing stores.

Finally, what do you think a fair hourly fee would be for an agent of average experience? Referring back to the other thread, would the hourly system work because clients might get an idea of the experience/inexperience of an agent from the hourly fee that that person is able to charge?

[njtosd]

[quote=sdrealtor]An organic sale is another name for a traditional sale or an equity sale. It is one where the seller has equity and can accept a buyers offer and close whenever the buyer& seller agree as opposed to be under the control of a 3rd party.

[/quote]

So what’s wrong with simply saying “traditional sale?” Whenever I see jargon like “organic sale,” it sounds to me like the person using them is trying to impress others with the fact that they know the lingo. I guess I also hate the word organic being used to indicate something of higher quality. Snake venom, tetanus toxin and ricin are all organic, but that doesn’t make them good.

[njtosd]

[quote=sdrealtor]An organic sale is another name for a traditional sale or an equity sale. It is one where the seller has equity and can accept a buyers offer and close whenever the buyer& seller agree as opposed to be under the control of a 3rd party.

[/quote]

So what’s wrong with simply saying “traditional sale?” Whenever I see jargon like “organic sale,” it sounds to me like the person using them is trying to impress others with the fact that they know the lingo. I guess I also hate the word organic being used to indicate something of higher quality. Snake venom, tetanus toxin and ricin are all organic, but that doesn’t make them good.

[njtosd]

[quote=sdrealtor]An organic sale is another name for a traditional sale or an equity sale. It is one where the seller has equity and can accept a buyers offer and close whenever the buyer& seller agree as opposed to be under the control of a 3rd party.

[/quote]

So what’s wrong with simply saying “traditional sale?” Whenever I see jargon like “organic sale,” it sounds to me like the person using them is trying to impress others with the fact that they know the lingo. I guess I also hate the word organic being used to indicate something of higher quality. Snake venom, tetanus toxin and ricin are all organic, but that doesn’t make them good.

[njtosd]

[quote=sdrealtor]An organic sale is another name for a traditional sale or an equity sale. It is one where the seller has equity and can accept a buyers offer and close whenever the buyer& seller agree as opposed to be under the control of a 3rd party.

[/quote]

So what’s wrong with simply saying “traditional sale?” Whenever I see jargon like “organic sale,” it sounds to me like the person using them is trying to impress others with the fact that they know the lingo. I guess I also hate the word organic being used to indicate something of higher quality. Snake venom, tetanus toxin and ricin are all organic, but that doesn’t make them good.

[njtosd]

[quote=sdrealtor]An organic sale is another name for a traditional sale or an equity sale. It is one where the seller has equity and can accept a buyers offer and close whenever the buyer& seller agree as opposed to be under the control of a 3rd party.

[/quote]

So what’s wrong with simply saying “traditional sale?” Whenever I see jargon like “organic sale,” it sounds to me like the person using them is trying to impress others with the fact that they know the lingo. I guess I also hate the word organic being used to indicate something of higher quality. Snake venom, tetanus toxin and ricin are all organic, but that doesn’t make them good.

[njtosd]

[quote=justme]
. . .There is no way that siphoning off 6% of each transaction will get either buyer or seller as good a deal as they otherwise would have. . . .

.[/quote]

I guess the basic question is this – most professionals bill on an hourly basis. Sometimes, a flat fee is arranged. Why won’t real estate agents/brokers offer those options? My accountant charges me for the time he spends, not the amount of my income or return. I have no question that agents can provide a service. It’s just that in many cases I believe they are overcompensated. I know that they are also under compensated when a buyer looks at a hundred houses and never buys, or a seller prices too high to attract buyers. But if those same buyers and sellers had to pay their agents for their time, they might be more practical in terms of what they asked of their agents.

Interestingly, interior decorators generally doesn’t offer an option for hourly payment either. I think people get caught up in the image that their home presents, and their emotions cause them to pay more than they should. Which is another possible explanation for the prevalence of women in both fields.

[njtosd]

[quote=justme]
. . .There is no way that siphoning off 6% of each transaction will get either buyer or seller as good a deal as they otherwise would have. . . .

.[/quote]

I guess the basic question is this – most professionals bill on an hourly basis. Sometimes, a flat fee is arranged. Why won’t real estate agents/brokers offer those options? My accountant charges me for the time he spends, not the amount of my income or return. I have no question that agents can provide a service. It’s just that in many cases I believe they are overcompensated. I know that they are also under compensated when a buyer looks at a hundred houses and never buys, or a seller prices too high to attract buyers. But if those same buyers and sellers had to pay their agents for their time, they might be more practical in terms of what they asked of their agents.

Interestingly, interior decorators generally doesn’t offer an option for hourly payment either. I think people get caught up in the image that their home presents, and their emotions cause them to pay more than they should. Which is another possible explanation for the prevalence of women in both fields.

[njtosd]

[quote=justme]
. . .There is no way that siphoning off 6% of each transaction will get either buyer or seller as good a deal as they otherwise would have. . . .

.[/quote]

I guess the basic question is this – most professionals bill on an hourly basis. Sometimes, a flat fee is arranged. Why won’t real estate agents/brokers offer those options? My accountant charges me for the time he spends, not the amount of my income or return. I have no question that agents can provide a service. It’s just that in many cases I believe they are overcompensated. I know that they are also under compensated when a buyer looks at a hundred houses and never buys, or a seller prices too high to attract buyers. But if those same buyers and sellers had to pay their agents for their time, they might be more practical in terms of what they asked of their agents.

Interestingly, interior decorators generally doesn’t offer an option for hourly payment either. I think people get caught up in the image that their home presents, and their emotions cause them to pay more than they should. Which is another possible explanation for the prevalence of women in both fields.

[njtosd]

[quote=justme]
. . .There is no way that siphoning off 6% of each transaction will get either buyer or seller as good a deal as they otherwise would have. . . .

.[/quote]

I guess the basic question is this – most professionals bill on an hourly basis. Sometimes, a flat fee is arranged. Why won’t real estate agents/brokers offer those options? My accountant charges me for the time he spends, not the amount of my income or return. I have no question that agents can provide a service. It’s just that in many cases I believe they are overcompensated. I know that they are also under compensated when a buyer looks at a hundred houses and never buys, or a seller prices too high to attract buyers. But if those same buyers and sellers had to pay their agents for their time, they might be more practical in terms of what they asked of their agents.

Interestingly, interior decorators generally doesn’t offer an option for hourly payment either. I think people get caught up in the image that their home presents, and their emotions cause them to pay more than they should. Which is another possible explanation for the prevalence of women in both fields.

[njtosd]

[quote=justme]
. . .There is no way that siphoning off 6% of each transaction will get either buyer or seller as good a deal as they otherwise would have. . . .

.[/quote]

I guess the basic question is this – most professionals bill on an hourly basis. Sometimes, a flat fee is arranged. Why won’t real estate agents/brokers offer those options? My accountant charges me for the time he spends, not the amount of my income or return. I have no question that agents can provide a service. It’s just that in many cases I believe they are overcompensated. I know that they are also under compensated when a buyer looks at a hundred houses and never buys, or a seller prices too high to attract buyers. But if those same buyers and sellers had to pay their agents for their time, they might be more practical in terms of what they asked of their agents.

Interestingly, interior decorators generally doesn’t offer an option for hourly payment either. I think people get caught up in the image that their home presents, and their emotions cause them to pay more than they should. Which is another possible explanation for the prevalence of women in both fields.

[njtosd]

[quote=bearishgurl]. . . Are you aware that in areas of the midwestern portion of the US, the “reasonable and customary” RE sales commission is 7-8%?. . .

[/quote]

As a former resident of the midwest, I am very curious to know what portion of the midwest you’re talking about. I’ve never heard of such rates.

[njtosd]

[quote=bearishgurl]. . . Are you aware that in areas of the midwestern portion of the US, the “reasonable and customary” RE sales commission is 7-8%?. . .

[/quote]

As a former resident of the midwest, I am very curious to know what portion of the midwest you’re talking about. I’ve never heard of such rates.

[njtosd]

[quote=bearishgurl]. . . Are you aware that in areas of the midwestern portion of the US, the “reasonable and customary” RE sales commission is 7-8%?. . .

[/quote]

As a former resident of the midwest, I am very curious to know what portion of the midwest you’re talking about. I’ve never heard of such rates.

[Author]

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