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#124257 - 05/24/06 08:59 AM
Other firms' commission structure...
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Veteran Member
Registered: 04/14/05
Posts: 1170
Loc: Atlanta, Georgia
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I am developing a marketing tool to recruit new agents. Basically, it is a guide that shows a potential agent what he/she would make if they joined my company vs. the other companies in the area. It shows low, average, and high performance benchmarks. It also allows the potential agent to enter custom figures to see what they would make. I include pros and cons for every company (even my own).
My question is- How would you feel if another company disclosed your commission structure? Being a new company, I don't want to create enemies this early on. However, commission structures are essentially math problems, and we all know we can't outrun mathematics. Also, I am pretty sure it is not protected information (atty is out of town, will know for sure next week).
Thanks!
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Greg Sargent Licensed Georgia Real Estate Broker.
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#124259 - 05/25/06 05:36 AM
Re: Other firms' commission structure...
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Major Contributor
Registered: 08/16/04
Posts: 1979
Loc: Cary, NC
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If it's common knowledge then you should be o.k.... however you better make sure it's right.
A safer approach would be to just list percentages without assigning them to any particular company... that way you're not setting yourself up for confrontation.
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the real estate industry is changing...
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#124260 - 05/26/06 05:21 AM
Re: Other firms' commission structure...
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Moderator
Registered: 04/03/06
Posts: 304
Loc: Jacksonville, FL
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I agree with Broker. I have a chart that shows them what they make at "Local Large Independent Company" and "Other 100% Commission Concept Companies".
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Tanya Watson/Owner Sellstate Performance Realty, Jacksonville, FL
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#124261 - 05/26/06 07:23 AM
Re: Other firms' commission structure...
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Major Contributor
Registered: 04/21/05
Posts: 1879
Loc: kentucky
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My question is- How would you feel if another company disclosed your commission structure? I could probably turn you in for violation of Anti-trust. There is no way you could claim to know my commission structure, as commissions are negotiable. I believe we can only discuss our own commission structure, and not others. You cannot quote commission of others, unless it is published, and common knowledge.
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Comments made are my opinion, and not intended to be legal advice of any kind.
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#124262 - 05/26/06 12:03 PM
Re: Other firms' commission structure...
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Veteran Member
Registered: 04/14/05
Posts: 1170
Loc: Atlanta, Georgia
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Originally posted by ky realtor: My question is- How would you feel if another company disclosed your commission structure? I could probably turn you in for violation of Anti-trust. There is no way you could claim to know my commission structure, as commissions are negotiable. I believe we can only discuss our own commission structure, and not others. You cannot quote commission of others, unless it is published, and common knowledge. Are we on the same page? I am not talking about the commission charged to clients. I am talking about the commission structure between brokers and their agents.
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Greg Sargent Licensed Georgia Real Estate Broker.
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#124263 - 05/26/06 12:17 PM
Re: Other firms' commission structure...
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Major Contributor
Registered: 04/21/05
Posts: 1879
Loc: kentucky
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I see----I was reading the title. Where would you get this information about other companies?
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Comments made are my opinion, and not intended to be legal advice of any kind.
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#124264 - 05/26/06 12:33 PM
Re: Other firms' commission structure...
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Major Contributor
Registered: 06/23/04
Posts: 3370
Loc: Central Illinois
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By talking with other agents. Escpcially if the agent recently left another office Originally posted by ky realtor: I see----I was reading the title. Where would you get this information about other companies?
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Paul Oaks Oaks Real Estate Group
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#124265 - 06/05/06 02:29 PM
Re: Other firms' commission structure...
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Member
Registered: 09/04/05
Posts: 479
Loc: Tampa, Florida
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Originally posted by GregInAtlanta: I am developing a marketing tool to recruit new agents. Basically, it is a guide that shows a potential agent what he/she would make if they joined my company vs. the other companies in the area. It shows low, average, and high performance benchmarks. It also allows the potential agent to enter custom figures to see what they would make. I include pros and cons for every company (even my own).
My question is- How would you feel if another company disclosed your commission structure? Thanks! It wouldn't be too hard to create an excel spredsheet with some different common scenarios from other companies and a custom column for the potential agent to use if they interview with another broker. I am not a broker... but I would shy away from any statement of "this is what you would make at broker x," and I would prefer to here... "this is what you would make under this commission plan."
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Robert Wilson Keller Williams Tampa
I am not a laywer, and I can't even spell very well.
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