Flat fee is about VOLUME and not QUALITY to make the numbers work.

If you believe you are only worth XX then you will NEVER convince a seller you are worth what you want.

Couldn't agree more, takes skill to put a point across with few words.
My sister in law is head of the bad debt department of one of out major
banks, she handles all the forclosures for all of Canada, when I asked
her about this she said "a real estate deal is way to complex to pull
off for a couple hundred bucks, isn't possible and they would never
consider doing it"

If the quality isn't there they open themselves up for litigation which
is too expensive and time consuming for them. Cheaper just to do the job
right the first time and move on to the next one.

As a business plan, what is the point of working more to earn less? Shows low self esteem, low self confidence. You can't hang with the big boys. You don't feel you are worthy. You are not in the same league.

As s Seller, you don't know/realize what a difference quality makes.

Just a note about commission history. When I started in real estate the commission rate was 5% for a home sale, and the split was 60%(3%) to the selling agent, and 40%(2%) to the listing agent, rate was set by the real estate board.

My generation got it set to 6%, but the split was not mandated and many old timers tried to maintain the 60-40 split but the new breed finally forced a 50-50 split to be common.

Now all the current generation seems to have done is it to get it back to 5% basically, and the only change is the 60-40 is now 50-50.

I sort of visually this like back when a 10% tip in a restaurant was the best, then servers started marketing 15% and that became the guideline. Now if they acted like real estate agents they would wear signs around their necks declaring will serve you for 15, 12, 10, or 8% or whatever, to get you to their table.

That's my point. There are more Realtors that are not worth that %6, but of course.. they brag and they think they deserve it!

The thing you do is do a darn good job for your clients and collect testimonials from them - they will sing your praises and let others know you ARE worth it.

im a noob still looking for my first $$ but what ive learned to mention is... are they gonna have strangers whom they have no idea whether or not they can afford a hole in the wall walking around their house....also any buyer is gonna price in the savings they sellers think theyre making into their offer.