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#116876 - 03/20/06 10:21 PM
Re: NAR self police, not a chance... it all about the money
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Member
Registered: 03/16/06
Posts: 13
Loc: Midwest
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#116877 - 03/20/06 10:41 PM
Re: NAR self police, not a chance... it all about the money
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Major Contributor
Registered: 06/23/04
Posts: 3370
Loc: Central Illinois
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What question would that be? Are you unsure if it is board troll or bored troll? Perhaps you should look it up but I would have to say board troll as he is posting on the message board/forum. Now I can not count for his state of mind so he very well could be a bored troll as well. :p It also appears as if you are uncertain when to use buy or by. Perhaps when you finish your GED classes you will be able to answer that one for yourself. Feeling threatened by "discounters" in my area? Why would I be threatened by them as they are hardly a major force in my area. So you are a "discounter" for what brokerage? Originally posted by Blue Sky Realtor: YOU STILL DIDN'T ANSWER MY QUESTION PAUL - BOARD OR BORED? OR DON'T YOU KNOW THE DIFFERENCE ON THAT EITHER?
HOW ABOUT BUY AND BY? STILL DON'T KNOW THE DIFFERENCE?
COVERED IT IN HIGH SCHOOL AND COLLEGE?
FEELING THREATENED BY "DISCOUNTERS" IN YOUR MARKET?
_________________________
Paul Oaks Oaks Real Estate Group
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#116878 - 03/21/06 04:15 AM
Re: NAR self police, not a chance... it all about the money
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Major Contributor
Registered: 01/18/05
Posts: 1524
Loc: Ohio
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Are you guys kidding me? Like 10 or posts on grammar? From an ethics/NAR thread?
We can waste all this space on spelling & grammar, but I can't get any info to back up the original post?
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#116880 - 03/21/06 09:13 AM
Re: NAR self police, not a chance... it all about the money
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Major Contributor
Registered: 01/18/05
Posts: 1524
Loc: Ohio
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Thanks pike. I kinda knew that. I'm just curious if anyone, anywhere, has actually documented Rick's initial thing about buyer agents not showing listings because of commission, or company, or whatever.
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#116881 - 03/21/06 12:54 PM
Re: NAR self police, not a chance... it all about the money
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Member
Registered: 02/20/06
Posts: 495
Loc: Mesa, Arizona
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You guys are lucky though. You have the 3000lb. Gorilla (NAR) lobbying for you. We have the 3 1/2lb. Chipmunk (NAMB).
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#116883 - 03/21/06 02:47 PM
Re: NAR self police, not a chance... it all about the money
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Member
Registered: 02/20/06
Posts: 495
Loc: Mesa, Arizona
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National Association of Mortgage Brokers www.namb.org
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#116884 - 03/21/06 06:04 PM
Re: NAR self police, not a chance... it all about the money
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Major Contributor
Registered: 04/21/05
Posts: 1879
Loc: kentucky
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HOW CAN THERE BE A "DISCOUNT" WHEN THERE IS NO SET PRICE???? That's a very good question. The company that Rick often talks about is Assist2sell. This company calls themselves "A Discount Real Estate Company" (see www.assist2sell.com). They named themselves discounters.
_________________________
Comments made are my opinion, and not intended to be legal advice of any kind.
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#116885 - 03/31/06 08:50 PM
Re: NAR self police, not a chance... it all about the money
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Member
Registered: 01/22/06
Posts: 257
Loc: South Texas
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Quote: When I list I put the minimal commission down with a comment in the private remarks stating to call Listing Broker for commission. When a Broker calls and asks about the commission amount I then know if they are a “Discounter”. If they are then my response is “yep, that is what it is”. If the Broker calling is NOT a “Discounter”, then I will tell them that I will increase the Selling side commission to _%. That way the “Discounter” is getting what he / she is use to earning. You know the saying: You get what you pay for -
Salem, that is an unethical practice. Full disclosure of compensation should be made with an agents first discovery of your inventory. You are wide open for accusations of discrimination. What you are doing is down right sneaky. Not only is it sneaky, but some agents may reject your tactics out of hand and avoid your inventory due to your low co-op. You are no better than the people you critisize.
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#116886 - 04/01/06 10:42 AM
Re: NAR self police, not a chance... it all about the money
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Junior Member
Registered: 03/07/06
Posts: 6
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Don't hold your breath waiting for NAR to come to your rescue. It's not in their best interest. Not showing a buyer discounted listings, is a breach of your fiduciary duty to the client unless it's disclosed to him/her. It's that simple. Rick, if you feel that other agencies are boycotting your listings, you need to make the consumer aware of such anti-competitive behavior. I operate a full service agency with commissions well below the "norm" and I've seen it all.
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#116887 - 04/01/06 12:24 PM
Re: NAR self police, not a chance... it all about the money
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Major Contributor
Registered: 06/23/04
Posts: 3370
Loc: Central Illinois
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Sounds like the only agents that would object are those classified as discounters. Just an observation. Originally posted by Tucker TX: Quote: When I list I put the minimal commission down with a comment in the private remarks stating to call Listing Broker for commission. When a Broker calls and asks about the commission amount I then know if they are a “Discounter”. If they are then my response is “yep, that is what it is”. If the Broker calling is NOT a “Discounter”, then I will tell them that I will increase the Selling side commission to _%. That way the “Discounter” is getting what he / she is use to earning. You know the saying: You get what you pay for -
Salem, that is an unethical practice. Full disclosure of compensation should be made with an agents first discovery of your inventory. You are wide open for accusations of discrimination. What you are doing is down right sneaky. Not only is it sneaky, but some agents may reject your tactics out of hand and avoid your inventory due to your low co-op. You are no better than the people you critisize.
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Paul Oaks Oaks Real Estate Group
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#116888 - 04/01/06 02:37 PM
Re: NAR self police, not a chance... it all about the money
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Junior Member
Registered: 03/07/06
Posts: 6
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There are no objections from me about the state of the real estate industry. I'm gaining tremendous market share with my program. Market share that wouldn't be there if the real estate industry was truly competitive.
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#116889 - 04/01/06 04:23 PM
Re: NAR self police, not a chance... it all about the money
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Member
Registered: 01/22/06
Posts: 257
Loc: South Texas
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Surprisingly enough Paul, you have no comment on whether or not that type of practice is unethical or not. I have never, as an agent or a broker, ever paid a co-op less than the prevailing rate in my area. Those of you who have ever 'cut a deal' in order to gain share, including you Paul, may now offically call yourselves discounters and also be subject to Salems discriminatory tactics. It's no wonder this board has a accusitory tone when mods foster this type of discussion and lead people to conclusions.
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#116890 - 04/01/06 04:54 PM
Re: NAR self police, not a chance... it all about the money
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Member
Registered: 02/05/06
Posts: 235
Loc: Salem Oregon
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I think what the majority is missing in my posting is that A SET COMMISSION is stated in the MLS for the Buyer Broker. That amount does NOT go down. There may or may not be a bonus. Minimum, ANY (Full or Discount) Buyer Broker will receive what is stated in the MLS. That is not unethical nor is it against the law -
_________________________
Donna Toline, GRI, CRIS Principal Broker, NRBA Member DAT Real Estate Solutions, PC Salem, OR 97305 503-828-0256 Direct 503-551-1160 Cell www.The-Dream-Team.us The Courage To Be Great Lies Deep Within Each Of Us -
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This Google Custom search may do a better job of searching the forums for some keywords than the old forum search does. The results do not include threads from the Asset Managers Forum however. To search that forum you will need to be actually in the Asset Managers Forum and you will need to use the old forum search below.
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Registered: 12/15/04
Posts: 2743
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