assist 2 sell or 1 percent realty?

Posted by: gawdzzzla

assist 2 sell or 1 percent realty? - 12/07/05 05:28 PM

I want to hear what others think about the assist to sell model vs. 1 percent companies like home discover. Pros and cons ..please..
Posted by: gawdzzzla

Re: assist 2 sell or 1 percent realty? - 12/09/05 08:43 PM

I hear homediscover offers only $1 to the buying agent. I mean how do they get buyers?
Posted by: ky realtor

Re: assist 2 sell or 1 percent realty? - 12/09/05 09:18 PM

If you do a search, you will find a million posts on this same subject.
Posted by: daisy

Re: assist 2 sell or 1 percent realty? - 12/09/05 09:39 PM

I have never heard of this company.
Posted by: gawdzzzla

Re: assist 2 sell or 1 percent realty? - 12/10/05 07:16 AM

Quote:
Originally posted by daisy:
I have never heard of this company.
assist2sell.com

1percentrealtyusa.com

ipayone.com

homediscover.com
Posted by: daisy

Re: assist 2 sell or 1 percent realty? - 12/10/05 08:36 AM

When I was fresh in the buisness (I still am) I was all about doing rebates and discounts just to get listings and buyers... after the first sale I was quick to realize that you put way too much work into this buisness to be giving your hard earned money away. You could go many months without seeing a single paycheck (that is how our market is here). In our area it takes a year for the average real estate agent to sell their first home. I know many agents around here that sold their first home 18 months after being in the buisness... and they put more effort into than I do. I really hope buisnesses like that don't come to our area... I'm sure they wouldn't make it because it seems like their agents make next to nothing on the deals.
Posted by: Delicious Cake

Re: assist 2 sell or 1 percent realty? - 12/10/05 10:59 PM

I don't know anything about 1% Realty companies. However, from a seller's standpoint Assist-2-Sell is the same as listing with a traditional brokerage, but with the added bonus of significant savings. Assist-2-Sell is truly a full service company. Some sellers chose to utilize the low flat fee program where their home becomes an "office exclusive" listing, while others choose the MLS for Less program. The most compelling reason people have to use Assist-2-Sell versus a traditional company is the comission amount paid by the seller. I can't see any cons, just pros. smile
Posted by: Orangecrest

Re: assist 2 sell or 1 percent realty? - 12/10/05 11:38 PM

Quote:
Originally posted by A2S Auburn:
I don't know anything about 1% Realty companies. However, from a seller's standpoint Assist-2-Sell is the same as listing with a traditional brokerage, but with the added bonus of significant savings. Assist-2-Sell is truly a full service company. Some sellers chose to utilize the low flat fee program where their home becomes an "office exclusive" listing, while others choose the MLS for Less program. The most compelling reason people have to use Assist-2-Sell versus a traditional company is the comission amount paid by the seller. I can't see any cons, just pros. smile
What a load of B.S.!! Puke!!!
Posted by: Delicious Cake

Re: assist 2 sell or 1 percent realty? - 12/10/05 11:42 PM

Quote:
Originally posted by Orangecrest:
What a load of B.S.!! Puke!!! [/QB]
You are of course entitled to your opinion. I am sorry that my post caused you to puke - I certainly hope that your computer was not affected. laugh (I got a horrible projectile vomiting visual upon reading your reply)
Posted by: Ohio Realtorģ

Re: assist 2 sell or 1 percent realty? - 12/11/05 02:20 AM

I had a closing last month with a one percent listing company. 87,00 house the listing agent got 870.00 less a transaction fee of 300.00= 570.00 less a 50% split for referal from another agent in his company=285.00. Can you sell a home, market it properly, and service the client for 285.00? I can't find a way to do it. This is a model that I don't think is good in the long term. The broker can have an agent mill and make some money but the people that work for him will stay until they are broke.
Posted by: Jim Lee

Re: assist 2 sell or 1 percent realty? - 12/11/05 04:03 AM

Quote:
Originally posted by A2S Auburn:
However, from a seller's standpoint Assist-2-Sell is the same as listing with a traditional brokerage, but with the added bonus of significant savings. Assist-2-Sell is truly a full service company.
In your "MLS for Less" deal does your firm offer the same co-operative commission to other firms as the traditional brokerages in your area???
Posted by: ky realtor

Re: assist 2 sell or 1 percent realty? - 12/11/05 06:41 AM

Quote:
I can't see any cons, just pros.
Here we go again.

Pros--you get more listings at first because of the bait and switch/deceptive advertising. Later, most people know better.

Cons--you will work twice as much for half the money.

People, wake up! If it sounds too good to be true, it probably is.
Posted by: gawdzzzla

Re: assist 2 sell or 1 percent realty? - 12/11/05 08:02 AM

Quote:
Can you sell a home, market it properly, and service the client for 285.00? I can't find a way to do it. This is a model that I don't think is good in the long term. The broker can have an agent mill and make some money but the people that work for him will stay until they are broke.
Considering the house did sell it must be working to some degree. If you can't find a way to profit that could invite problems but what if you found a way to do it like ipayone.com which does loans too? I think it's a terrrible model for the agent but could work for brokers. I hear assist2sell charges about 3000 per listing + mls and one percent sites charge 1% + mls. Is that the only difference between the two programs?

Sell your house for 1% vs. sell your house for $2999. If that's the only seperation then the difference seems to be on houses over $300,000 when it saves more to go with $3000. Coming from a conventional brokerage I have high doubts about any of the discount companies but I wonder if it's the discount people that we should blame for a lack of service or that we haven't found a way to do it yet?
Posted by: Delicious Cake

Re: assist 2 sell or 1 percent realty? - 12/11/05 10:40 AM

Quote:
Originally posted by James Lee:
[QUOTE]In your "MLS for Less" deal does your firm offer the same co-operative commission to other firms as the traditional brokerages in your area???
Absolutely.
Posted by: Delicious Cake

Re: assist 2 sell or 1 percent realty? - 12/11/05 10:58 AM

Quote:
Originally posted by ky realtor:
Here we go again.

Pros--you get more listings at first because of the bait and switch/deceptive advertising. Later, most people know better.

People, wake up! If it sounds too good to be true, it probably is.
KY Realtor, how, in your opinion, does Assist-2-Sell use 'bait & switch' deceptive advertising?
Posted by: ScoFla

Re: assist 2 sell or 1 percent realty? - 12/11/05 11:56 AM

So, what you are saying is that the Assist2Sell model works like this:

The seller pays the normal commission to the buyers agent and you, the listing agent gets a smaller percentage than normal?

So a 'normal' 2.5% to the buyer's agent and maybe 1.5% to you?

If that is the case, and the listing agents gets twice the normal listings due to this and is happy with the workload, I don't see a need for bait and switch. Sounds like a full service business that charges less, but makes up for it with higher volume.

That seems like a sound model, as long as the seller gets the same service as a 'regular' company charging 6%, or whatever the normal commission is in your area.

What I have seen here is a discount company offer 1 or 1.5% to the Buyer's agent, which is not in the Sellers best interests.
Posted by: gawdzzzla

Re: assist 2 sell or 1 percent realty? - 12/11/05 12:12 PM

*****************So a 'normal' 2.5% to the buyer's agent and maybe 1.5% to you?

If that is the case, and the listing agents gets twice the normal listings due to this and is happy with the workload, I don't see a need for bait and switch. Sounds like a full service business that charges less, but makes up for it with higher volume."""""""""""""""

isn't full service based on what the listing agent does and not how much you pay the buying agent?
Posted by: ScoFla

Re: assist 2 sell or 1 percent realty? - 12/11/05 12:27 PM

The listing agent can do whatever he wants, but if he isn't giving a competitive rate to the buyer's agent, I don't think he is giving full service to his customer, the seller.
Posted by: gawdzzzla

Re: assist 2 sell or 1 percent realty? - 12/11/05 12:52 PM

Are you saying that if a listing agent gives the worst service in town but gives a buying agent 3% then he's a full service? But whne a listing agent gives full service but offer less than 2.5% that it's not full service? I never knew that level of service is based on buying agent commission. That's a new one for me.
Posted by: ScoFla

Re: assist 2 sell or 1 percent realty? - 12/11/05 01:07 PM

Come on, you can't honestly think that if you have a listing and you offer to give 1.5% commission where the normal is 2.5 or higher, that you are offering the best service for your customer. Offering a competitive rate for the buyers agent is definitely part of what I would consider full service.
I'm sorry you don't see that offering someone bringing a potential (note the term potential)buyer to your listing a competitive rate isn't part of servicing the listing and offering the best service to your customer. As a matter of fact, I'd consider that a huge disservice to your cusotmer.
Posted by: Alan From Florida

Re: assist 2 sell or 1 percent realty? - 12/11/05 01:16 PM

Quote:
I don't know anything about 1% Realty companies. However, from a seller's standpoint Assist-2-Sell is the same as listing with a traditional brokerage, but with the added bonus of significant savings. Assist-2-Sell is truly a full service company. Some sellers chose to utilize the low flat fee program where their home becomes an "office exclusive" listing, while others choose the MLS for Less program. The most compelling reason people have to use Assist-2-Sell versus a traditional company is the comission amount paid by the seller. I can't see any cons, just pros.
Now that is where I disagree with you and you really need to look into things. You can not possible say all they are is a full service brokerage. They have several programs. Some are discount and some are full service. It depends on what program a seller wants. They have a very cheep program that they advertise a lot. However all the seller gets are a sign in yard and a listing on their web site plus a limited amount of advertisements but the seller is pretty much on their own unless they bring the buyer. They also have at the other end of the spectrum offer a 6% program that includes MLS seller representation. Are they good or bad, hey that depends on the seller and what the seller expects and wants. Every home and every seller is different. For some sellers it is a good model and for some its not. I have also scene that some agents just do more. One can go to any brokerage and choose three different agents and get three totally different marketing plans and also results. Some are just better. A seller just needs to interview several agents, compare each one on there merits and make an intelligent choose based on their needs and wants. Come on people itís not rocket science here. If the seller wants all the bells and whistles IE MLS, video tour, open homes, advertisements, mail outs, home feedback system, email alerts, digital pictures, good experienced representation plus everything else it will cost, If they want just MLS and want to do everything themselves then the discount brokers are best. And there is absolutely everything in between. The seller (Or Buyer) just needs to decide on what they want and need. If you are a seller and or buyer just do your homework. Interview agents compare what one offers over the other and decide if that is what they want.
Posted by: ky realtor

Re: assist 2 sell or 1 percent realty? - 12/11/05 03:41 PM

Quote:
quote:
--------------------------------------------------------------------------------
Originally posted by James Lee:
[QUOTE]In your "MLS for Less" deal does your firm offer the same co-operative commission to other firms as the traditional brokerages in your area???
--------------------------------------------------------------------------------

Absolutely.
Not in my area--it is substantially less.
Posted by: gawdzzzla

Re: assist 2 sell or 1 percent realty? - 12/11/05 03:41 PM

"""""""""Originally posted by ScoFla:
Come on, you can't honestly think that if you have a listing and you offer to give 1.5% commission where the normal is 2.5 or higher, that you are offering the best service for your customer. Offering a competitive rate for the buyers agent is definitely part of what I would consider full service.""""""""""

Have you ever heard of in house sales where a buying agent commission isn't required? What would you call that? People are paying YOU to sell their house. Offering any amount of money to a buying agent is only an option.

How many ways are there to sell a house outside of the mls..where the buying agent fee isn't needed? It appears to be that you haven't figured out a way to get houses sold outside of the mls but that doesn't mean that offering 0% to the buying agent is less than full service.
Posted by: ky realtor

Re: assist 2 sell or 1 percent realty? - 12/11/05 04:04 PM

Quote:
Have you ever heard of in house sales where a buying agent commission isn't required?
Heard of it, but not listing in the MLS violates our MLS bylaws. We cannot require that they offer a cooperating commission, however. Why even have an MLS if you don't put your listings in?? Assist2sell agents can, however, sell our listings for a nice chunk, but they don't offer it back to us.
Posted by: Alan From Florida

Re: assist 2 sell or 1 percent realty? - 12/11/05 04:09 PM

Quote:
Have you ever heard of in house sales where a buying agent commission isn't required? What would you call that? People are paying YOU to sell their house. Offering any amount of money to a buying agent is only an option.

How many ways are there to sell a house outside of the mls..where the buying agent fee isn't needed? It appears to be that you haven't figured out a way to get houses sold outside of the mls but that doesn't mean that offering 0% to the buying agent is less than full service.
Both of you, this really has nothing to do with full service. By even bring the term full service into that shows total bait and switch tactics. And that my friend is what I object to and I hope sellers do too. You are trying to make people look a different direction.

Now to your business model. By not offering MLS or a co-broke fee, then obviously you are not using every tool available to get the seller the very highest possible sale price. What you are doing is offering the property to a limited buyer pool and not exposing the sellerís property to the total market. So as long as you are not guarantee that you get your seller the very highest selling price possible, or saying you expose the property to every possible buyer , and the seller understands that then you can do that. Although I also agree with you that only offering the property in MLS is about the same as well. A really true exceptional agent will use every selling tool out there to get the seller the very highest net possible. And that is where some of us Realtors just excel better then others.
.
Posted by: ky realtor

Re: assist 2 sell or 1 percent realty? - 12/11/05 04:17 PM

Quote:
KY Realtor, how, in your opinion, does Assist-2-Sell use 'bait & switch' deceptive advertising?
WE will sell your house for $2995. You know there's a lot of strings attached and fine print to read on that subject.

also "rather than the traditional 6 or 7%------
We don't set commissions, that is a blatant, just under the law, wrong thing to say.

WE offer free advertising, yadayadayada----------as if none of the rest of us do.

Among other things, what really hacks me off is that they are publishing "Houses sold in your area"-----and none of them did they sell. It was the hard work of the rest of us that did that.

They sell our listings for a good chunk and don't offer it back on their listings.

Look, it is a free trade society we live in. Anybody has the right to compete the best way they can, and I don't care if you want to sell real estate for free, and I don't mind honest competition.
I just feel it's in the perception, and it does deceive.
Posted by: Alan From Florida

Re: assist 2 sell or 1 percent realty? - 12/11/05 04:18 PM

Quote:
Why even have an MLS if you don't put your listings in??
In my area they do to get the property on Realtor.com homes.com homeseekers.com and tampabayrealor.com without haveing to pay extra for it since those sites autopopulate from our MLS system.

Now I have nothing against those sites. Some are very good. Especually realtor.com However in my listing presentation I tell my sellers the truth and that is by only placing an MLS listing they will also get those sites no matter who they list with. I then go into else I offer. By doing that with out even going into who my competition is I just eliminated over 80% of them.
Posted by: Orangecrest

Re: assist 2 sell or 1 percent realty? - 12/11/05 04:48 PM

I had an idiot undercut me from my 6% to his 3%.

The lady had my client tell her who I was, and knew that I could sell her house in no time, and would get her top dollar.

It has been proven many times throughout that neighborhood.

The idiot placed a carrot in front of her face and is now offering a 1.5% payout to the selling agent.

Like I told my client, she just screwed herself and there will be "NO" agents traveling the 50+ miles with qualified buyers that she needs to sell her home for 1.5%, in addition to them being banned from doing so even at the local level because they have to cover their E&O.

This lady is very straight forward and direct. From watching the MLS I can tell this agent is getting desperate.

Serves them both right and I hope they enjoy each others company, it is going on 3-weeks and my turn around in that area is less than a week.

This area has dropped $10K-plus in less than a month, Ha Ha Ha!!!

In a buyers' market, the agent with a qualified buyer is King!!

Listing agents become a dime a dozen... Lowballers will crash and burn!!

When she comes crawling I am going to charge 8%, because now I have to do some bandaging because I will be the third agent, first being Century 21, then a nobody then me...

= P

What is funny is she was in such a rush to off load this property and then the greed set in and bit her on the butt... laugh
Posted by: gawdzzzla

Re: assist 2 sell or 1 percent realty? - 12/11/05 04:54 PM

Quote:
Why even have an MLS if you don't put your listings in??
Perhaps it's not needed why pay 2.5% when you don't have to? There's no guarantee that a house in the mls will sell for more than the alternatives..newspapers, online, yard signs, or in house. It increases the chance but it's not always the case. In some markets you can sell houses in a matter of hours without the mls. We can assert that it could have sold for more using the mls but how do we really know that the offers from mls buyers aren't lower?

Quote:

Assist2sell agents can, however, sell our listings for a nice chunk, but they don't offer it back to us.
Why don't you ask your client to pay you? I can cooperate with you in selling a house but that doesn't mean I have to pay you the amount you want.

I don't know enough about assist2sell or one percent realties but it seems many of them
offer competitive fees.

I agree with everything you two said but I can't seem to connect paying 2.5% to the buying side as a condition of being labled a full service when sometimes I've sold listings without the mls.

I can see offering 2.5% to buying agents for the maximum exposure. But that doesn't mean that if I don't pay 2.5% in every transaction that I am not offering full service.
Posted by: gawdzzzla

Re: assist 2 sell or 1 percent realty? - 12/11/05 04:56 PM

"""""""""""In a buyers' market, the agent with a qualified buyer is King!!""""""""""

I agree completely but what if you don't show them a house for less than 2.5% then they find it themselves on the web through any of the hundreds of realtors sites?
Posted by: Orangecrest

Re: assist 2 sell or 1 percent realty? - 12/11/05 05:03 PM

Well, if you offer below 2%, you are not even on anyone's screen that I know.

Anything below 2% is filtered out, so why even put it on the MLS?

Punch in three beds, two bath and see how many listings pop up. 758+ here...

1.5%? Not even going waste my time.

1.5% is right up there on the DOA list as a listing without pics.

But then again, a greedy agent knows that...
Posted by: Orangecrest

Re: assist 2 sell or 1 percent realty? - 12/11/05 05:09 PM

Quote:
Originally posted by gawdzzzla:
"""""""""""In a buyers' market, the agent with a qualified buyer is King!!""""""""""

I agree completely but what if you don't show them a house for less than 2.5% then they find it themselves on the web through any of the hundreds of realtors sites?
More power to them...

I have kicked buyers and sellers to the curb before, and I'll do it again... Thing is, they are locked in with me for 3-months as buyers, 6-months minimum as sellers wink
Posted by: Jeff Adams

Re: assist 2 sell or 1 percent realty? - 12/11/05 05:16 PM

NAR statistics show that if a potential buyer comes to an open house and talks to the owner, the property is likely to sell for 17% less then if a realtor dealt with the buyers and their agent. Why is that? Because most people talk too much and give out information that allows the buyers and their agent to negotiate the price downward.

Why are used car dealers able to sell cars so much higher then private sellers? Because they don't have an emotional investment in the car and they're professional negotiators. People who want to "do it themselves" will find out that the hard way.

If your house sells for 17% less then an agent could have gotten for it, was that cheap 1.5 commission worth it????
Posted by: gawdzzzla

Re: assist 2 sell or 1 percent realty? - 12/11/05 05:38 PM

"""""""""""If your house sells for 17% less then an agent could have gotten for it, was that cheap 1.5 commission worth it????""""""""""""

Can you provide reference or link to the 17% study?

If a buyer were to read what you just wrote he would go straight to the listing agent or seller using the web. Sounds like if I were a buyer I could save 17% by going straight. Why would anybody want to use a buying agent?
Posted by: ScoFla

Re: assist 2 sell or 1 percent realty? - 12/11/05 05:40 PM

Ooops, I was under the impression we were talking about a regular listing on MLS. Of course it can be nitpicked to death as to why it isn't necesary to offer a competitive commission to a buyer if it is a special listing or whatever.
I guess some people just like to be rules lawyers smile
Posted by: gawdzzzla

Re: assist 2 sell or 1 percent realty? - 12/11/05 05:40 PM

""""""I have kicked buyers and sellers to the curb before, and I'll do it again... Thing is, they are locked in with me for 3-months as buyers, 6-months minimum as sellers """"""

Does your contract state you will show them all the houses or only ones you decide for them? A contract can be voided if either party breaks any of the terms.
Posted by: gawdzzzla

Re: assist 2 sell or 1 percent realty? - 12/11/05 05:43 PM

Quote:
Originally posted by ScoFla:
Ooops, I was under the impression we were talking about a regular listing on MLS. Of course it can be nitpicked to death as to why it isn't necesary to offer a competitive commission to a buyer if it is a special listing or whatever.
I guess some people just like to be rules lawyers smile
I agree completely if you are using the mls. But a 1% company or assist2sell doesn't have to use mls to be called a full service company.
Posted by: ky realtor

Re: assist 2 sell or 1 percent realty? - 12/11/05 05:50 PM

Quote:
But a 1% company or assist2sell doesn't have to use mls to be called a full service company.
According to whom? What, exactly would you describe as full-service?
If you don't use the MLS, you would be depriving your seller of one of the best selling tools.
But--oops, Mr. Seller, we forgot to tell you that in our advertising.
Posted by: Alan From Florida

Re: assist 2 sell or 1 percent realty? - 12/11/05 05:52 PM

Quote:
Does your contract state you will show them all the houses or only ones you decide for them? A contract can be voided if either party breaks any of the terms.
There you go trying to defend yourself by avoiding the issue. Plus you are now trying to point the issue to the a contract. The issue is weather you can tell someone how much they can earn. You can not force a broker into a certain compensation. What you are saying is I insist you work for XYC pay and that is not legal. Compensation is totally negotiable. Compensation is the issue not a buyer contract. This is the bait and switch that I object to.
Posted by: Orangecrest

Re: assist 2 sell or 1 percent realty? - 12/11/05 05:53 PM

Quote:
Originally posted by gawdzzzla:
"""""""""""If your house sells for 17% less then an agent could have gotten for it, was that cheap 1.5 commission worth it????""""""""""""

Can you provide reference or link to the 17% study?

If a buyer were to read what you just wrote he would go straight to the listing agent or seller using the web. Sounds like if I were a buyer I could save 17% by going straight. Why would anybody want to use a buying agent?
Because sellers are liars and agents have a license and deep pockets... At least traditional Realtors...
Posted by: Orangecrest

Re: assist 2 sell or 1 percent realty? - 12/11/05 06:02 PM

Quote:
Originally posted by gawdzzzla:
""""""I have kicked buyers and sellers to the curb before, and I'll do it again... Thing is, they are locked in with me for 3-months as buyers, 6-months minimum as sellers """"""

Does your contract state you will show them all the houses or only ones you decide for them? A contract can be voided if either party breaks any of the terms.
All houses I decide to show them... Because when they see the hundreds pop up on the screen and then that is when I use my professional abilities to narrow them down to a realistic tour.

If there is a house in the way that I am not sure what the terms are, we will write down the address and bring it up on the computer when we get to the office to see if it meets everyones criteria, and if it is even avaliable.

Majority of agents don't even bother returning calls, and no one wants to get a client all hyped up about a house if it isn't avaliable, or is below 2%... laugh
Posted by: ky realtor

Re: assist 2 sell or 1 percent realty? - 12/11/05 06:05 PM

Quote:
and no one wants to get a client all hyped up about a house if it isn't avaliable, or is below 2%...
Especially when you inform them they have to pay the difference----- :rolleyes:
Posted by: gawdzzzla

Re: assist 2 sell or 1 percent realty? - 12/11/05 06:07 PM

""""""""""There you go trying to defend yourself by avoiding the issue. Plus you are now trying to point the issue to the a contract. The issue is weather you can tell someone how much they can earn. You can not force a broker into a certain compensation. What you are saying is I insist you work for XYC pay and that is not legal. Compensation is totally negotiable. Compensation is the issue not a buyer contract. This is the bait and switch that I object to. """"""""""""""

I'm not pointing this to the contract but the contract should state what your services will include and what kind of houses they will see.
There have been lawsuits filed against agents for showing only houses that pay a certain commission without disclosure. I recall reading one buyer that said the agent showed him a house for $250K but there was one nearby for $225K. It turned out that the 225K didn't offer commission. The buyer agent failed to disclose this and the judgement ruled in favor of the client.

How is this avoiding the issue of whether a full service can offer/how much to a buying agent? It seems like you're defending the notion that everybody should offer 2.5% to get buyers.

That's bait and switch from preaching that commission is negotiable.

If the market doesn't want to sell houses below a certain commission let the market determine this otherwise all this will lead to more buyers using the web to reach listing agents directly.

Once buyers know that they can buy a house for 17% less by going direct that's what they'll
do. Sellers are liars but the listing agent and seller must also disclose material facts pertaining to every sale sale.
Posted by: gawdzzzla

Re: assist 2 sell or 1 percent realty? - 12/11/05 06:09 PM

Quote:
Originally posted by ky realtor:
Quote:
and no one wants to get a client all hyped up about a house if it isn't avaliable, or is below 2%...
Especially when you inform them they have to pay the difference----- :rolleyes:
I agree as long as you disclose it you should be fine but that will encourage people to go direct using IDX searching.
Posted by: Alan From Florida

Re: assist 2 sell or 1 percent realty? - 12/11/05 06:43 PM

Quote:
I'm not pointing this to the contract but the contract should state what your services will include and what kind of houses they will see.
There have been lawsuits filed against agents for showing only houses that pay a certain commission without disclosure. I recall reading one buyer that said the agent showed him a house for $250K but there was one nearby for $225K. It turned out that the 225K didn't offer commission. The buyer agent failed to disclose this and the judgement ruled in favor of the client.
Agian please do your homework. I know of the case you are talking about. The thing about that case that got the agent is trouble was saying he would not show XYCABC realty listings. That is not allowed but you can say I will not work for X compensation. There is big time difference. That agent was guilty of boycotting.

Quote:
How is this avoiding the issue of whether a full service can offer/how much to a buying agent? It seems like you're defending the notion that everybody should offer 2.5% to get buyers.
Again you are trying to point the issue somewhere else. Please go back and read this thread. The issue I was talking about was as an agent using all the tools available to get a seller the highest net possible. And that was including placeing a listing in the MLS system or not. I was not talking about what compensation to offer.

Quote:
If the market doesn't want to sell houses below a certain commission let the market determine this otherwise all this will lead to more buyers using the web to reach listing agents directly.
I do agree with you on this. And I am seeing that with buyers on the internet that they are going to the listing agent more and more.

Quote:
Once buyers know that they can buy a house for 17% less by going direct that's what they'll do.
Yes but how do they know that for sure. And may I have your permission to use this. If I charge 6 or 7 percent and if the buyers are expecting 17% less for not using me, it sound a lot like you just justified why a seller should use my services for I just got the seller 10% more in his/her net. I really appreciate your information here.
Quote:
Sellers are liars but the listing agent and seller must also disclose material facts pertaining to every sale sale.
Where in the world is that comming from. So do you call all your seller liars. I would never dream of calling a seller a liar. And of course sellers must disclose material facts pertaint to the sale and or property.
Posted by: gawdzzzla

Re: assist 2 sell or 1 percent realty? - 12/11/05 07:04 PM

Allan, slow down you're getting to excited that you're skipping what others are saying too.

Quote:
Sellers are liars but the listing agent and seller must also disclose material facts pertaining to every sale sale.
Where in the world is that comming from. So do you call all your seller liars. I would never dream of calling a seller a liar. And of course sellers must disclose material facts pertaint to the sale and or property. [/QB][/QUOTE]

I agree that's why I didn't say it. It was quoting what somebody else here said. smile

Quote:
I know of the case you are talking about. The thing about that case that got the agent is trouble was saying he would not show XYCABC realty listings. That is not allowed but you can say I will not work for X compensation. There is big time difference. That agent was guilty of boycotting.
This is not the same case. You must be talking about another case. I see the numbers are growing. I AGREE WITH YOU COMPLETELY. No problem with telling people you will not work for x commissoin. It's the boycotting of listings below a certain commission without disclosure is the problem. Again, we're saying the same thing but you're getting a little too excited. smile

Quote:
The issue I was talking about was as an agent using all the tools available to get a seller the highest net possible. And that was including placeing a listing in the MLS system or not. I was not talking about what compensation to offer.
I started this topic on assist2sell and 1 percent realty and the compensation they are offering. I think you took offering the widest available marketing tools too far.


Quote:
If the market doesn't want to sell houses below a certain commission let the market determine this otherwise all this will lead to more buyers using the web to reach listing agents directly.
"""""I do agree with you on this. And I am seeing that with buyers on the internet that they are going to the listing agent more and more. """""

So why are we disagreeing?


Quote:
Yes but how do they know that for sure. And may I have your permission to use this. If I charge 6 or 7 percent and if the buyers are expecting 17% less for not using me, it sound a lot like you just justified why a seller should use my services for I just got the seller 10% more in his/her net. I really appreciate your information here.
EXACTLY. You just never know. But the 17% can be twisted both ways. One being buyers won't want to use a buyers agent because they see it as an added cost to the transaction.

Two being a listing agent can use it in his favor as you have expressed.

Three being a flat fee agent can use it to beat traditional 6 or 7 percent by preaching buyers can contact them directly.
Posted by: ky realtor

Re: assist 2 sell or 1 percent realty? - 12/11/05 07:17 PM

Quote:
Three being a flat fee agent can use it to beat traditional 6 or 7 percent by preaching buyers can contact them directly.
See, now that ticks me off. That's what is being advertised, in print, in advertisements. There is no "traditional" You absolutely cannot quote commissions. I don't know how you people get away with it----and I believe it will be challenged eventually. That sounds like assist2sellbrainwashingcheerleading talk to me.
Posted by: Alan From Florida

Re: assist 2 sell or 1 percent realty? - 12/11/05 07:26 PM

Quote:
No problem with telling people you will not work for x commissoin. It's the boycotting of listings below a certain commission without disclosure is the problem. Again, we're saying the same thing but you're getting a little too excited.
No I am not getting excited. I am actually setting here doing reports and taking a break every now and then by this forum so for me its just the opposite its relaxing.
Quote:
No problem with telling people you will not work for x commissoin. It's the boycotting of listings below a certain commission without disclosure is the problem
Now wait a min. If a buyer wants to see a property, I can say I will not work with you on this becuase I do not work for that fee. What you can not do is say I will not show you this because its listed by XYX realty. There is nothing wrong with saying I do not work for less then X commission.

Quote:
I started this topic on assist2sell and 1 percent realty and the compensation they are offering. I think you took offering the widest available marketing tools too far.
Sorry but your question was
Quote:
I want to hear what others think about the assist to sell model vs. 1 percent companies like home discover. Pros and cons ..please..
I am sorry but I do not see compensation there. It came about because I was objecting to some for the use of term Full Service and I said there is a big difference in Full Service and Compensation. I also object to an agent calling themselfs Full Service just becuase they charge more. Full Service is about the services one offers to a buyer and or seller. And if you go back I said Assest2Sell has several programs and a seller should be informed and compare.
Posted by: gawdzzzla

Re: assist 2 sell or 1 percent realty? - 12/11/05 07:39 PM

""""""""See, now that ticks me off. That's what is being advertised, in print, in advertisements. There is no "traditional" You absolutely cannot quote commissions. I don't know how you people get away with it----and I believe it will be challenged eventually. That sounds like assist2sellbrainwashingcheerleading talk to me. """""""

KY realtor, just curious do you get ticked only when I reference 6 or 7% as traditional or do you also get ticked when agents use phrases like..

""""So a 'normal' 2.5% to the buyer's agent and maybe 1.5% to you?""""""""

If you go and read again, everyone here is saying the exact same thing. Nobody can and should FIX commission ( normalize? ) whether listing or buying side commission. People can work for whatever they want to work for but have the honesty and integrity to disclose how much you charnge and people get for it.

Seems like assist2sell charges 3000 bucks and they make the seller pay the coop fees. Their 3000 ad isn't deceptive at all because that's what they charge the client. What the client wants to offer another agent that's a different story.
Posted by: gawdzzzla

Re: assist 2 sell or 1 percent realty? - 12/11/05 07:47 PM

""""""Now wait a min. If a buyer wants to see a property, I can say I will not work with you on this becuase I do not work for that fee. What you can not do is say I will not show you this because its listed by XYX realty. There is nothing wrong with saying I do not work for less then X commission."""""

Yes and? Are you looking for an argument? We're saying the same thing. You can set your fee and tell people what you will or won't work for. I know there's nothing wrong with saying you do not work for less than X amount. But you have to let people know this before you decide what not to show them.

""""""I am sorry but I do not see compensation there.""""""

Okay maybe the topic was taken in two different directions. One towards marketing the other for compensation.

""""""It came about because I was objecting to some for the use of term Full Service and I said there is a big difference in Full Service and Compensation.""""""


I agree completely which is why I objected to the original post that not offering a 'normal' 2.5% to the buyer's agent and maybe 1.5% to you isn't full service.


""""""I also object to an agent calling themselfs Full Service just becuase they charge more. Full Service is about the services one offers to a buyer and or seller. And if you go back I said Assest2Sell has several programs and a seller should be informed and compare. """""""""

So we agree again.
Posted by: ky realtor

Re: assist 2 sell or 1 percent realty? - 12/11/05 07:52 PM

Quote:
KY realtor, just curious do you get ticked only when I reference 6 or 7% as traditional or do you also get ticked when agents use phrases like..
This is a statement being used in ads locally, and is also included on their (A2S) websites.

Quote:
""""So a 'normal' 2.5% to the buyer's agent and maybe 1.5% to you?""""""""
This is something someone said on this forum, and it's talking about splits---not commission charges.

I believe the statement "the traditional 6% or 7%" leads people to believe we set commissions, which is untrue and unlawful. Commissions are negotiable, everybody knows that. So I believe that is another form of misleading advertising, and I do hope somebody, somewhere does challenge this. Nobody can state what other brokers charge.
Posted by: gawdzzzla

Re: assist 2 sell or 1 percent realty? - 12/11/05 07:54 PM

I think it's great that some agents here can stand firm on what they will or won't work for. This will earn them a higher paycheck or open doors to competition. Great for business great for everyone.

My whole point is if buyers want to see all the houses and some agents refuse or or won't show all because of the coop fees more buyers will go direct knowing they can save 18% according to the stat someone posted earlier.
Posted by: gawdzzzla

Re: assist 2 sell or 1 percent realty? - 12/11/05 07:58 PM

Quote:
""""So a 'normal' 2.5% to the buyer's agent and maybe 1.5% to you?""""""""
This is something someone said on this forum, and it's talking about splits---not commission charges. [/quote]

So it's okay to "normalize" a commission split or coop fee in the mls but not okay to use "traditional" fees or commission?

""""""I believe the statement "the traditional 6% or 7%" leads people to believe we set commissions, which is untrue and unlawful.
Commissions are negotiable, everybody knows that. So I believe that is another form of misleading advertising, and I do hope somebody, somewhere does challenge this. Nobody can state what other brokers charge. """""""""""""

Actually, the US government is challenging the whole industry right now for "normalizing" the way mls coop fees are set.

We're saying the same thing but you're tuning to one or two points.
Posted by: Delicious Cake

Re: assist 2 sell or 1 percent realty? - 12/11/05 08:03 PM

jhkyt
Posted by: ky realtor

Re: assist 2 sell or 1 percent realty? - 12/11/05 08:04 PM

Quote:
Actually, the US government is challenging the whole industry right now for "normalizing" the way mls coop fees are set.
Do you have a reference for that?
Posted by: Alan From Florida

Re: assist 2 sell or 1 percent realty? - 12/11/05 08:05 PM

Quote:
Yes and? Are you looking for an argument? We're saying the same thing. You can set your fee and tell people what you will or won't work for. I know there's nothing wrong with saying you do not work for less than X amount. But you have to let people know this before you decide what not to show them.
No argument. However we really need to be carefull here. Are you saying that we also have to show buyers FSBO properties with no compensation what so ever. No all you have to do is tell the buyer upfront that you will not be showing properties that offer either no comensation and less then X. for me its usually a way into our buyer broker agreement and then via our buyer broker agreement the buyer has agreed to compensate us the difference. I personally take it one step more and just as a curtusy inform the buyer when we start to get into that situation. But hey I am a full service broker and I do more then just show, right an offer and close. So buyers are more then happy to pay for the added service.
Quote:
I agree completely which is why I objected to the original post that not offering a 'normal' 2.5% to the buyer's agent and maybe 1.5% to you isn't full service
Again not to dissagree but offering 2.5% or 1.5% is not in any way shape or form Full Service. Two seperate issues.

Quote:
So we agree again.
Please keep that quiet. People will start to think things.

Quote:
but you're getting a little too excited.
No what happened in the Miami Dolphin and Tampa Buc games got me excited. What is happing in the Green Bay game is down right depressing. Its overtime and score is tied. Green Bay should have put this game away long ago.
Posted by: ky realtor

Re: assist 2 sell or 1 percent realty? - 12/11/05 08:08 PM

Quote:
We have licensed agents available every day ready to show our listings to interested buyers.
So your office practices dual agency?
Posted by: Orangecrest

Re: assist 2 sell or 1 percent realty? - 12/11/05 08:25 PM

Quote:
Originally posted by ky realtor:
[QUOTE]"...assist2sellbrainwashingcheerleading ..."
Hey KY... Isn't that nasty diesease that they just covered in the latest New England Journal of Medicine? ( http://content.nejm.org/ )

That is nastier than Alzheimers Disease by far. It just locks up your brain and makes you think you are talking sense when actually you just just talk jiber-jabber...
Posted by: Delicious Cake

Re: assist 2 sell or 1 percent realty? - 12/11/05 08:26 PM

Quote:
Originally posted by ky realtor:
[QUOTE]So your office practices dual agency?
Dual Agency is completely legal in California, I'm guessing it must not be in KY as I can't figure why you've asked. How could an office not practice dual agency? When I was working in traditional real estate I was at a company with 70+ agents and we frequently brought buyers for each others listings.
Posted by: Alan From Florida

Re: assist 2 sell or 1 percent realty? - 12/11/05 08:30 PM

A2S Auburn

Maybe your franchise operates that way. But the franchise in my location operates the way I described. In fact the subdivision where I live has a property listed with Assit2Sell and I know that seller personally. I am just waiting for that listing to expire. All that seller is getting is a Assit2Sell ďFor SaleĒ sign in yard, a listing on assit2Sell web site, and occasionally a one liner ad in the newspaper with all the other homes that have listed. No MLS listing, the agent does not even show the property to prospective buyers. He hands out the sellerís phone number and lets buyers and agents set their own appointments. I am just liking my chops waiting for this to expire witch it will 12/31/05. They have it listed for $229,000. And two homes in same subdivision just sold one for $269,000 and one for $289,000. The seller keeps on coming to me and I keep on saying if and when it expires let me know.
Posted by: ky realtor

Re: assist 2 sell or 1 percent realty? - 12/11/05 08:31 PM

We do--
However, if you have read this board for some time, there are many here who do not. I was wondering how you could operate if you couldn't use dual agency.
Posted by: Orangecrest

Re: assist 2 sell or 1 percent realty? - 12/11/05 08:33 PM

I keep seeing you have to disclose that you charge this and that... Isn't that right on the first page of the listing agreement along with what you are going to compensate the selling agent?

Or does A2S use another form where you can hide things like that?

Actually, do you even use forms? That may require a little work which may have to cause you to charge more...
Posted by: gawdzzzla

Re: assist 2 sell or 1 percent realty? - 12/11/05 08:36 PM

KY, I'm sorry I must have missed something.
Is it okay to "normalize" a commission split or coop fee in the mls but not okay to use "traditional" fees or commission?

You can find links at usdoj.gov or realtytimes.com..search doj lawsuit mls commission fixing.

"""""Are you saying that we also have to show buyers FSBO properties with no compensation what so ever.""""""

That's why a smart agent discloses what he will or won't show. A good invitation to trouble is to promise a buyer that you'd show every house but ignore fsbo inventory and $1 offers in mls.

""""Again not to dissagree but offering 2.5% or 1.5% is not in any way shape or form Full Service. Two seperate issues. """"

True.

"""""No what happened in the Miami Dolphin and Tampa Buc games got me excited. What is happing in the Green Bay game is down right depressing. Its overtime and score is tied. Green Bay should have put this game away long ago.""""""

16-13 isn't too bad for packers. Hey I'm a vikes fan six straight and counting. smile
Posted by: Alan From Florida

Re: assist 2 sell or 1 percent realty? - 12/11/05 08:40 PM

Quote:
quote:
Actually, the US government is challenging the whole industry right now for "normalizing" the way mls coop fees are set.
No they are not. Where in the world are you getting your information? The Feds are in a lawsuite against NAR. And it has to do with allowing brokers to Opt Out their listing in their repsective MLS systems. NAR say brokers should be allowed if they desire to opt out and the feds say no they should not be allowed. And that is pending and so far the feds have been loosing. But will see.
Posted by: gawdzzzla

Re: assist 2 sell or 1 percent realty? - 12/11/05 08:41 PM

"""""""Actually, do you even use forms? That may require a little work which may have to cause you to charge more..."""""

How much are you paying for forms? let's hope it's less than your E&O. Are you still paying 3000 per transaction for E and O?
Posted by: gawdzzzla

Re: assist 2 sell or 1 percent realty? - 12/11/05 08:45 PM

"""""And that is pending and so far the feds have been loosing. But will see."""""

NAR just filed a motion to dismiss some of the charges last week. Where did you read the government has been losing?

I'll see if I can find some articles on the mls side suit or pending suit. I know they're prepping up for it with some help from NAEBAs and
banks.
Posted by: ky realtor

Re: assist 2 sell or 1 percent realty? - 12/11/05 08:47 PM

Quote:
Is it okay to "normalize" a commission split or coop fee in the mls but not okay to use "traditional" fees or commission?
As far as I know, commission splits are not fixed either. It's an MLS requirement to post the commission offered. I have seen many different ones and it is up to each broker as to what they offer on each listing.
Posted by: Alan From Florida

Re: assist 2 sell or 1 percent realty? - 12/11/05 08:52 PM

Quote:
Hey I'm a vikes fan six straight and counting
Now we are in big time trouble. You are I are starting to agree on way to much. Brad used to be Tampa's QB the last time the bucs went to the super bowl.

Quote:
How much are you paying for forms? let's hope it's less than your E&O. Are you still paying 3000 per transaction for E and O?
I have no idea about the price of forms. I got my broker to pay for them as a condition of my putting my license with her. So I never questioned it. And as to E&O we pay $195 through Prudential Tropical per year not per transaction and she also paid a proration share for this year to get me to sign. But its coming due Jan. But who is paying $3000 a transaction????
Posted by: gawdzzzla

Re: assist 2 sell or 1 percent realty? - 12/11/05 08:53 PM

A2S auburn, glad you stopped by. My original post was intended to compare assist2sell and 1 percent companies like 1percentrealtyusa.com and ipayone.com.

Am I understanding this right with assist2sell charge 3000 and offering compettive fees to the buying side? ex....3000 + 3%?

I lost track of how we got to this point but I basically wanted to compare assist2sell 3000+ mls fees to 1 percent + mls. Is that the main difference? By comparison it at least seems assist2sell is doing some additional ads for the 3000. It might not seem much but it's a little more than the one percent sites I've seen where they do only mls.
Posted by: ky realtor

Re: assist 2 sell or 1 percent realty? - 12/11/05 08:56 PM

Quote:
All that seller is getting is a Assit2Sell ďFor SaleĒ sign in yard, a listing on assit2Sell web site, and occasionally a one liner ad in the newspaper with all the other homes that have listed. No MLS listing, the agent does not even show the property to prospective buyers. He hands out the sellerís phone number and lets buyers and agents set their own appointments.
Humm, wonder which "plan" this is? The "do it yourself" plan?
Posted by: gawdzzzla

Re: assist 2 sell or 1 percent realty? - 12/11/05 09:01 PM

"""""Now we are in big time trouble. You are I are starting to agree on way to much. Brad used to be Tampa's QB the last time the bucs went to the super bowl. """""

Well Tony learned his secrets while serving as defense coordinator for the vikes when we had the best defense in the NFL at the time. Brad is awesome, Culpepper reminds me too much of Randle Cunningham. He thanks god all the wins but whines when he loses. Brad aint no stranger to the Vikes. He was great when he left the first time we just didn't have the right team for him.
He's home now.


""""But who is paying $3000 a transaction???? """"""

Orangecrest. He said he would never rep a buyer for less than 2% or 3000 because it wouldn't even cover his E&O. I'm still wondering where he gets this policy from.

I don't do deals for less than 3000 but my E and O is 1800 a year which covers 27 agents.
Posted by: Orangecrest

Re: assist 2 sell or 1 percent realty? - 12/12/05 05:43 AM

What is you deductable if you get called on the carpet?

Mine is $5,500.

Who cares about the base, that is already figured into the year...
Posted by: gawdzzzla

Re: assist 2 sell or 1 percent realty? - 12/12/05 06:23 AM

Quote:
Originally posted by Orangecrest:
What is you deductable if you get called on the carpet?

Mine is $5,500.

Who cares about the base, that is already figured into the year...
I've never had to pay out a single dime in deductible in 12 years. Possibly due to luck possibly due to the fact that we are upfront with people.

I'm sorry Orangecrest please help me understand this. You have a per transaction e & o of 3000 and deductible of 5000? OUCH!!!!!!

How much have you paid out in E and O dedictibles since going into business?
Posted by: super realtor

Re: assist 2 sell or 1 percent realty? - 12/12/05 08:06 AM

This onion can and has been peeled 100 different ways in the past.

First off people need to understand there are different types of companies out there.Some companies run everything the same for franchisee to franchisee for consistency and expectancy for the consumer.Then there are companies i know like remax and assist-to-sell where each office is completely different in what they are offer,prices,terms etc.

Assist-to-sells bait and switch is simply this,they stick up signs at the exit ramps and major intersections that says we will sell your house for 2,995 which isn't true!People call the sign thinking they can sell for 2,995 and that's all it will cost,the truth is that does not include the buying agent's fee they have to offer.


So on a 150k house it's almost like your listing at a 6 percent comission anyway but it gets the phone to ring.The agents do alot of volume but don't sell alot of the listings,one reason being the buyers agent can never get ahold of the listing agent because they have too many listings,also the seller is pissed off so if the deal is going to get done the buyer agent helps the seller and the buyer to get the paperwork done.Also agents don't like helping companies that are trying to make a fast buck driving down there commissions and there livelihood.
Posted by: Orangecrest

Re: assist 2 sell or 1 percent realty? - 12/12/05 08:56 AM

Quote:
Originally posted by super realtor:
This onion can and has been peeled 100 different ways in the past.

First off people need to understand there are different types of companies out there.Some companies run everything the same for franchisee to franchisee for consistency and expectancy for the consumer.Then there are companies i know like remax and assist-to-sell where each office is completely different in what they are offer,prices,terms etc.

Assist-to-sells bait and switch is simply this,they stick up signs at the exit ramps and major intersections that says we will sell your house for 2,995 which isn't true!People call the sign thinking they can sell for 2,995 and that's all it will cost,the truth is that does not include the buying agent's fee they have to offer.


So on a 150k house it's almost like your listing at a 6 percent comission anyway but it gets the phone to ring.The agents do alot of volume but don't sell alot of the listings,one reason being the buyers agent can never get ahold of the listing agent because they have too many listings,also the seller is pissed off so if the deal is going to get done the buyer agent helps the seller and the buyer to get the paperwork done.Also agents don't like helping companies that are trying to make a fast buck driving down there commissions and there livelihood.
Couldn't have said any better laugh

If the DOJ would stop suspecting that every agent is out there trying to rip the public by fixing commissions and charging to much, they would realize that they (DOJ) are actually putting the public at risk by letting these disguised do getters in sheep clothing charge such a low rate which causes the legit agent to cut corners and half [censored] everything to just be able to put food on the table and put their clients interest second to thier own survival.

When these discounters are under selling homes by tens of thousands of dollars, how is that good for the general public, unless you were the one buying this property?

I just sold a BK property that the trustee thought he could only get $270K for and sold it at $310K...

Basically, after damage is calculated into the equation, I sold it above market value that a perfectly sold home would have sold for in that area.

I sold it at 6% and double ended it... Why? Because I had the budget to do so. At $2,995, it would have gone to auction.
Posted by: Jeff Adams

Re: assist 2 sell or 1 percent realty? - 12/12/05 02:47 PM

Quote:
Originally posted by gawdzzzla:
"""""""""""If your house sells for 17% less then an agent could have gotten for it, was that cheap 1.5 commission worth it????""""""""""""

Can you provide reference or link to the 17% study?

If a buyer were to read what you just wrote he would go straight to the listing agent or seller using the web. Sounds like if I were a buyer I could save 17% by going straight. Why would anybody want to use a buying agent?
gawdzzzla, in order to save that much, you would need to discuss the house directly with the seller BEFORE an offer. Not his agent, but the seller themselves. And it's best for you to have a buyer's agent because they're trained negotiators. Buyers and sellers have an "emotional" investment in the property. This can easily lead to overpaying or underpaying on a property.

It's like playing poker against a professional. You might think you know what you're doing, you might think you have a "poker face" but the professional can read you a mile away. At the end of the game, you're going to get beat.

I do need to go back and find a link to that study. It'll come in handy when a FSBO tells me I'm not worth 6%.

Btw, if you doubt the logic of the study, consider this. When was the last time you saw a FSBO that sold for MORE then the asking price? Doesn't happen. But many houses do sell for more in certain areas when agents and clients engaging in a bidding war.
Posted by: gawdzzzla

Re: assist 2 sell or 1 percent realty? - 12/12/05 03:31 PM

""""""when was the last time you saw a FSBO that sold for MORE then the asking price? Doesn't happen. But many houses do sell for more in certain areas when agents and clients engaging in a bidding war."""""

I saw endless amounts of sellers getting above list price this past summer. Deos it happen everytime? of course not but do listing agents always go above the list price? I'm certain we can draw exceptions from all level of business models. Fsbos can pull out stats they are better. Orangecrest just pulled one showing he's better. Another guy can pull up one that's even better. You say the buying agent gets the lowest price but another listing agent here just said he'll use the 17% stat to show his seller why a listing agent is needed.

How many times have we heard about this and this full service company sucked or did this or did that?

Superrealtor..what are you saying the same thing that's been repeated at least ten times? We know buying agents don't like to show houses that pay slow wage coop fees but the SMART agents will show every house regardless of the coop because he's guaranteed x commission.

A smart agent does not need to call people bottom getters or be concerned over what another listing agent offers because he gets paid his commission.

Is it safe to assume that many of the agents on here are ticked because they aren't getting clients to sign for guaranteed commission? Are there agents in this business that drive buyers around without a compensation agreement signed?

Seems we are all arguing the same thing. I think it's pointless to get upset over how much a another agent offers in the mls because a smarter agent knows how to get a client to sign a compensation agreement.

I am only interested in knowing the difference between the assist2sell and 1 percent realty business models and thanks to some of the posters here my questions are answered.

If a house is over $300,000 the assist2sell one fee program costs 3000. If it's under 300,000 then go with the 1% companies.

I don't think either model is deceptive. People might not understand it but it's not bait and switch. I called assist2sell today in Minneapolis and guess what? They offered me a 2700 program. The broker also mentioned that I can offer any amount of my choosing in the mls but he recommends that for maximum result it should be at market rate which is 2.7% in minnapolis.

On the other hand if I had called assist2sell and for their 2700 program and they told me they didn't have in stock or not available and offered a different program for 10,000 then that's bait and switch.

Let's say I go to best buy to buy a tv set advertised for 99 bucks. Is it bait and switch for a salesguy to try to sell me one for 500? He's just doing his job of upselling. Best buy didn't lie to me to get me in the door.

I can understand many people are upset over the low commission issue but that can be fixed by getting a signed compensation with your client.

Northwest airline ran a special deal for 129 to Los Angeles. Does that mean NWA will be using a bottom of the line model to fly me? In many instances low price gets you less but that doesn't mean it happens everytime.
Posted by: Jeff Adams

Re: assist 2 sell or 1 percent realty? - 12/12/05 04:00 PM

Quote:
Originally posted by gawdzzzla:
You say the buying agent gets the lowest price but another listing agent here just said he'll use the 17% stat to show his seller why a listing agent is needed.

How many times have we heard about this and this full service company sucked or did this or did that?

You're missing my point. A listing agent IS needed if you want to get top dollar from your property. If I'm a buyer's agent, then dealing directly with the seller is BETTER for my clients. You are likely to sell for 17% less then if you have an agent represent you. Here's an online reference to the 17% figure. I'm pretty sure I also read it offline in a publication. I'll look for that because I want to use it when I'm talking to people that want to sell the house themselves.

http://boards.hgtv.com/groupee/forums/a/tpc/f/9384011632/m/1351005642

Look, just the fact that you're using a discount outfit makes me think I could negotiate your price downward. After all, you're trying to save money, right? You might as well pass that on to the buyer...
Posted by: Alan From Florida

Re: assist 2 sell or 1 percent realty? - 12/12/05 04:00 PM

Before anyone jumps on me please understand I am not jumping on the assit2sell bankwagon that said:

Quote:
just sold a BK property that the trustee thought he could only get $270K for and sold it at $310K...

Basically, after damage is calculated into the equation, I sold it above market value that a perfectly sold home would have sold for in that area.

I sold it at 6% and double ended it... Why? Because I had the budget to do so. At $2,995, it would have gone to auction.
Sorry but there was no damage done at all and you did not sell it for above market value. You sold it right at market value for what is market value,---What a seller is willing to sell versas a buyer is willing to pay. And since we have a buyer will to pay and a seller willing to accept then you sold it right at market value. Also I am not really sure what you mean by it would have gone to auction.

Plus
Quote:
Assist-to-sells bait and switch is simply this,they stick up signs at the exit ramps and major intersections that says we will sell your house for 2,995 which isn't true!People call the sign thinking they can sell for 2,995 and that's all it will cost,the truth is that does not include the buying agent's fee they have to offer.
I am sorry but you can not say that. You are getting ahead of yourself and assuming what is in an offer. You assuming that all offers have a buyers fee in it and they do not.

People you all are bitting off the wrong tree. I provide a service to my sellers and buyers. And all that I do provides value. If you really want to combat these discount brokers show the public what you do. Show sellers what you do that is different. Its not all about the money. What I do for my clients costs money and they understand that they have to pay for it. They will not get the additions for free. You just have to let the seller know what they are getting and how much it will cost.
Posted by: gawdzzzla

Re: assist 2 sell or 1 percent realty? - 12/12/05 04:27 PM

""""Look, just the fact that you're using a discount outfit makes me think I could negotiate your price downward. After all, you're trying to save money, right? You might as well pass that on to the buyer..."""""""""


People that use discount outfits don't want to give up money. You think you can get a dollar from a penny pincher? wink

Some agents accuse fsbos and discount broker listings for overpricing. Some people say they underprice and they can sell for much more.
It's interesting to hear the same group of people disliked from both directions.

You will have to get organized with your facts because homeowners are smarter now. Many agents can't make up their mind between fsbos overpricing or underpricing.
Posted by: Orangecrest

Re: assist 2 sell or 1 percent realty? - 12/12/05 06:44 PM

Quote:
Originally posted by Alan From Florida:


Quote:
just sold a BK property that the trustee thought he could only get $270K for and sold it at $310K...

Basically, after damage is calculated into the equation, I sold it above market value that a perfectly sold home would have sold for in that area.

I sold it at 6% and double ended it... Why? Because I had the budget to do so. At $2,995, it would have gone to auction.
Sorry but there was no damage done at all and you did not sell it for above market value. You sold it right at market value for what is market value,---What a seller is willing to sell versas a buyer is willing to pay. And since we have a buyer will to pay and a seller willing to accept then you sold it right at market value. Also I am not really sure what you mean by it would have gone to auction.

Plus
"...Sorry but there was no damage done at all and you did not sell it for above market value..."

1. Do you know what damage I am refering to?

2. Do you know where "market value" is derived from?

3. Do you know what "BK" means? Hint, there is a trustee involved...

"...Also I am not really sure what you mean by it would have gone to auction..."

If you can figure out bullet point 3, you will have your answer to your mystery question...
Posted by: Orangecrest

Re: assist 2 sell or 1 percent realty? - 12/12/05 06:59 PM

Quote:
Originally posted by gawdzzzla:



People that use discount outfits don't want to give up money. You think you can get a dollar from a penny pincher? wink

Some agents accuse fsbos and discount broker listings for overpricing. Some people say they underprice and they can sell for much more.
It's interesting to hear the same group of people disliked from both directions.

You will have to get organized with your facts because homeowners are smarter now. Many agents can't make up their mind between fsbos overpricing or underpricing.
I have one client that is an expert at getting great deals from those who thought that they were getting great deals...

I know this and watch him very very carefully when I deal with him.

Those who think they got such a great deal find out latter how much the property is really worth.

It is either he is great at negotiating a great price for himself, or it is I that is the top knotch Realtor that turns the property at a much higher price.

Even as much as I would like to say it was me, it is actually him, because when I do the comps prior to selling his house, I know how much the house was undersold originally.

He uses discounters to purchase and traditional to sell: me laugh
Posted by: Alan From Florida

Re: assist 2 sell or 1 percent realty? - 12/12/05 07:12 PM

Quote:
Orangecrest asked
1. Do you know what damage I am refering to?
2. Do you know where "market value" is derived from?
3. Do you know what "BK" means? Hint, there is a trustee involved...
"...Also I am not really sure what you mean by it would have gone to auction..."

If you can figure out bullet point 3, you will have your answer to your mystery question...
1 Since I said I did not think there were any damage then no. But in any case the only thing I see is loss of market time. And no just because you think you sold it for more then the previous broker then you still can not say there was damage for the market changes on a daily bases. There is appreciation and buyer motivation.
2 I thought I answered this one. Itís where a buyer and seller meat with what a seller is willing to sell for versus a buyer in willing to pay for. So if you do not think so then in your market buyers and sellers do not determine market value? Pretty strange market you have. Every buyer, seller, agent, and broker that I ever ran into told me that the property sells for what a buyer and seller agree to. Yours is different?? Um if buyers and sellers do not determine market value then what does?
3 Here BK stands for Burger King and the trustee for Burger King are the kids that eat there. So BK is not in your market yet. Will if you have McDonalds I am sure BK will be shortly.
And Auctions here can be foreclosure, tax sale, Sheriff Sale plus many others but we even sell properties via an auction. So in your market you don't?
Its also very interesting to me that you seem very try so very hard to push your ego and your accomplishments yet you keep your identity a secrete. You seam to make totally unfounded statements like you pay $3000 per transaction for E&O insurance. So are you really a real estate agent?
Posted by: gawdzzzla

Re: assist 2 sell or 1 percent realty? - 12/12/05 07:16 PM

""""""He uses discounters to purchase and traditional to sell: me"""""""

That's interesting. I would have thought he used a super duper realtor like you to buy for him too. I'd also like to know how much in e and o you've paid out in deductibles since going into business.
Posted by: gawdzzzla

Re: assist 2 sell or 1 percent realty? - 12/12/05 07:38 PM

""""""""""""You are getting ahead of yourself and assuming what is in an offer. You assuming that all offers have a buyers fee in it and they do not. """""""""""""

Alan, this explains why many agents get ticked over nothing. YOU'RE ABSOLUTELY RIGHT!!!!!
Many assume that when a company advertises somehow somewhere their fees have to include a buying side commission.
Posted by: Alan From Florida

Re: assist 2 sell or 1 percent realty? - 12/12/05 07:39 PM

Quote:
He uses discounters to purchase and traditional to sell: me
Now thatís interesting for if the listing broker within his listing agreement will determine the co-broke fee then commission is not in the equations. Therefore neither is any reasoning for using discounts and or (your words) traditional broker. So why is he not using you?? Wait a minute you answered that "I have one client that is an expert at getting great deals from those who thought that they were getting great deals". Then who is better at negotiating you or the client? If he is better then who does the actually negotiating you or him? And it seems to me if the co-broke fee is set and posted in the MLS and he does the negotiating, why are you bragging. Thatís easy money to me. All you would have to do is write it up and close. Am I missing something here? You have a buyer that does everything and you let another broker brag about making the money. Oh yea you get to call him a discount broker. If thatís the case send those buyer to me I want to be a discount broker.
Posted by: super realtor

Re: assist 2 sell or 1 percent realty? - 12/12/05 07:45 PM

Look I don't care how you want to say it,it's bait and switch.Bait and switch is the intent of offering something knowing that you will try to get them to do something else.It's just like car dealerships that have 2 cars really cheap and put it in big bold letters in the newspapers and make it seem like they have hundreds of them only to offer the ultra expensive ones when they get there.The public always wants to believe there the gold at the end of the rainbow and that they will hit the lottery tommorow rather than face reality.

This is just like click-it with c-21 or mls listed they offer a bare bones fee for 595 or whatever and put a sign out and do nothing knowing that the seller will eventually give in and go for the 6 percent plan.

I do study my competition and i have seen there contracts as2sell.In my area they say we will list for 2,995,but it's not due until closing.They sign them to a 6 month agreement and when the sellers want to get out of the listing for non-activity as2sell goes after them for the 2,995.Ohter brokerages are considered about image and normally don't go after a seller who wants to get out of a contract but as2sell gets all of there business by being cheap so they don't care.

There will always be discounters out there and someone being cheaper.Frankly i don't care what they do as i am just focused on what i want to do and the people who want to do business with me.
Posted by: gawdzzzla

Re: assist 2 sell or 1 percent realty? - 12/12/05 07:52 PM

""""""They sign them to a 6 month agreement and when the sellers want to get out of the listing for non-activity as2sell goes after them for the 2,995.""""""""

I wonder what a "full service" broker would do if a client wants to pull out for non activity? You're looking for a reason to hate but realize non activity happens in every business model.
Posted by: Alan From Florida

Re: assist 2 sell or 1 percent realty? - 12/12/05 07:56 PM

Quote:
People that use discount outfits don't want to give up money. You think you can get a dollar from a penny pincher?
Thatís exactly why I do not even think about it. They are not my market share. Plus my clients want all the bells and whistle plus the service and they are willing to pay for it. Its simple American economy. There is a reason why we have do it yourself discount auto parts stores and auto repair shops. Some people want to fix it themselves and some people do not. And if you want someone else to do everything for you, you have to pay for it. The discounters are for the do it your self sellers and I am a full service broker where I take care of everything for them. However if you want me to do everything you have to pay for it. There are a lot of sellers who believe it or not fully capable of doing it themselves and or taking on most of the process. Some even want to. They are not my market and I can not force them to be. My market is the market where sellers want everything taken care for them. But then again I charge for my service. Its not rocket science her folks. Do I always save my clients money over a discount broker? To be honest no. I represent them in the sell their properties for highest net possible given market value and I charge for my services. Its as simple as that.
Posted by: Alan From Florida

Re: assist 2 sell or 1 percent realty? - 12/12/05 08:08 PM

Quote:
I do study my competition and i have seen there contracts as2sell.In my area they say we will list for 2,995,but it's not due until closing.They sign them to a 6 month agreement and when the sellers want to get out of the listing for non-activity as2sell goes after them for the 2,995.Ohter brokerages are considered about image and normally don't go after a seller who wants to get out of a contract but as2sell gets all of there business by being cheap so they don't care.
Why are you so negative here. And you can not say what other brokers are going to do. I have sceen many including ours have a cancellation fee. Plus using your wording they are not saying they will sell they said they would list. That they did. So this becuase a performince contract and I am not a lawyer but if all they did was charge a fee to list and they performed then they are intitled to their fee. However like I have said many times a seller should really investagate what they are agreeing to and what is being promissed and what they are paying for and for how long. Its like I said before you are trying to go after a market that is not yours. This is what that seller wants. You want to tell a seller what they can or can not do.
Posted by: Alan From Florida

Re: assist 2 sell or 1 percent realty? - 12/12/05 08:10 PM

Just one question to gawdzzzla

Did you in your wildest dreams expect this thread to be so active and or so long and or take on a life of its owns so to speak.
Posted by: gawdzzzla

Re: assist 2 sell or 1 percent realty? - 12/12/05 08:30 PM

""""""""""""Originally posted by Alan From Florida:
Just one question to gawdzzzla

Did you in your wildest dreams expect this thread to be so active and or so long and or take on a life of its owns so to speak. """""""""""""""""

Judging by similar topics on discount companies ( particularly assist2sell ) I was expecting WWIII to erupt. My questions have been answered THANK YOU and thanks to everyone for taking the time to share you ideas and thoughts.

I can pretty much see the misconceptions, the frustration and misunderstading. With the exception of homediscover that offers $1 to the selling agent I think many of the discounters basically let the client decides what to offer in mls.

The $3000 or one fee or 1% is what they take in on the listing side.

I believe the one thing that creates animosity towards discount companies is many agents have the belief that when a listing company advertises a fee it should INCLUDE what they will be giving to the buying agent.

To sum it up I currently own a car repair shop
and wants to open a second for auto parts.

I've learned many years ago that you can't win an arguement because people will overlook 99% of what you say right and point out the one thing that supports their standing. Particularly in this form of communication where a level of camradery is created and many of the regulars are reluctant to express differences with their buddies.

The answers I was looking for were hidden between all the messages but discussions took on a more personal drum roll.
Posted by: Orangecrest

Re: assist 2 sell or 1 percent realty? - 12/13/05 07:10 AM

gawdzzzla and Alan...

Obviously you don't work with investors much...

He "uses" discounters, because that is who he sugest to the sellers when they are FSBOing out.

He is the one who is negotiating, they are there for the license.

If I step into the picture, I will charge a minimum 6%, and I will represent both sides with fairness; these clowns charge the next to nothing fee and have the negotiation skill of a pea.

When you undersell a house by tens of thousands of dollars, and you are representing both sides, you are doing a disservice to your selling client.

But hey, at least they didn't have to pay the traditional Realtor commission.

That is a savings of a couple of thousand dollars saved from the tens of thousands of dollars lost...
Posted by: Orangecrest

Re: assist 2 sell or 1 percent realty? - 12/13/05 07:18 AM

Quote:
Originally posted by gawdzzzla:


To sum it up I currently own a car repair shop
and wants to open a second for auto parts.

Interesting and it figures... An expert in auto repair taking on experts in the Real Estate industry?

Stick to auto repair...
Posted by: Alan From Florida

Re: assist 2 sell or 1 percent realty? - 12/13/05 09:10 AM

Quote:
Orangecrest wrote:
gawdzzzla and Alan...
Obviously you don't work with investors much...
Ah as Obi one said ďbut my young apprenticeĒ you should do some research before you open they mouth. Please do some research in me. You will find that in 2000 I was voted REO agent of the Year for the entire county. Not just for one brokerage but all agents. So I think you need to calm down a little. I do know exactly how investors opperate.

Quote:
Orangecrest wrote:
Interesting and it figures... An expert in auto repair taking on experts in the Real Estate industry?

Stick to auto repair...
What figures?? All it shows is she is an expert bussiness person and can run a bussiness at a profit. That my friend is not easy. No disrespect to gawdzzzla but she should stick to being a good bussiness person. she seems to be successfull at it. And I think that is what angers Orangecrest most. And that you are pretty good at bussiness.


Quote:
Orangecrest wrote:
If I step into the picture, I will charge a minimum 6%, and I will represent both sides with fairness; these clowns charge the next to nothing fee and have the negotiation skill of a pea.

When you undersell a house by tens of thousands of dollars, and you are representing both sides, you are doing a disservice to your selling client.

But hey, at least they didn't have to pay the traditional Realtor commission.
But hey was it not you who said the client is better at negotiations then you??? And why do you have to represent both sides always. Why can't you go in as a buyerís agent and no rep on the selling side? There is nothing other then your business model that says you always have to represent both buyer and seller. So itís your business model that you chose to operate in that is stopping you from making a commission. Itís not the discount broker. And from what I gather you are saying is you only get into a transaction where you earn 6% and represent both sides. Um I and many of my closest friends who are brokers have sold many a homes that only produced a 3% commission. True there was another broker or attorney on the other end. But from your post I see you do not co-broke any deals. Um again that may explain your reasoning. So assit2sell is doing what you do for $3000 and you insist on 6%. If the seller sees the same value then the seller will usually go for the lower fee. Thatís the American way.

And you cannot say that the seller is under selling the home. He is selling at market value. The seller is agreeable to sell at a price that a buyer is willing to pay. That again is true market value.

Quote:
Orangecrest wrote:
But hey, at least they didn't have to pay the traditional Realtor commission.
But they also did not pay you either. Although from your posts I see someone got paid. Please send them to me I love getting paid. And so does my broker. And so does the owner of my company. Our attitude is if someone is going to get paid then why not us. I do not know about you or anyone else but its worked pretty got us for may years.
Posted by: gawdzzzla

Re: assist 2 sell or 1 percent realty? - 12/13/05 09:14 AM

""""""
Stick to auto repair...""""""""""

Perfect example of how you think with your feelings and not your head. Read a little closer and do a little less negativity. I was giving the repair shop and auto parts example in response to Allans earlier statement that
discounters are like auto parts store and
non discounters are like repair shops.

You really ought to read closer..perhaps that's why you're spending 3000 for E&O and 4000 for deductibles on carpet of which you still haven't told us how much in E&O deductibles you've paid to date.
Posted by: Orangecrest

Re: assist 2 sell or 1 percent realty? - 12/13/05 11:42 AM

To some up all your jibber-jabber, you don't know what the heck you are talking about and I had to log onto your site just to make sure you didn't work for Prudential, but at my shock and dismay, you do? I know many Prudential agents, and they are normally very intelligent individuals with an excellent business mind...

For obvious reasons there are reasons for not being envolved in certain business transactions, no matter what the commission.

As for being the top agent... That's funny, practically every agent says that... Usally it is the ReMax agents though...
Posted by: Orangecrest

Re: assist 2 sell or 1 percent realty? - 12/13/05 11:48 AM

Quote:
Originally posted by gawdzzzla:
""""""
Stick to auto repair...""""""""""

Perfect example of how you think with your feelings and not your head. Read a little closer and do a little less negativity. I was giving the repair shop and auto parts example in response to Allans earlier statement that
discounters are like auto parts store and
non discounters are like repair shops.

You really ought to read closer..perhaps that's why you're spending 3000 for E&O and 4000 for deductibles on carpet of which you still haven't told us how much in E&O deductibles you've paid to date.
I have paid zero in deducables do to the fact that I work at full commission so I can afford to pick and choose and to avoid those that are shady and can put me in a liability.

How much have you paid, or do discounters even carry E&O?

How many transactions would it to take you just to pay the premium, yet alone the deductable?
Posted by: gawdzzzla

Re: assist 2 sell or 1 percent realty? - 12/13/05 12:16 PM

"""""I have paid zero in deducables do to the fact that I work at full commission so I can afford to pick and choose and to avoid those that are shady and can put me in a liability.""""""

You pay zero deductible because you work for a full commission company. HUH?

So you can afford to pay and choose to avoid....HUH?

""""How much have you paid, or do discounters even carry E&O?"""""

Maybe you need to write this down for the third time. I've never paid out a single dime in deductible in 12 years. I pay 1800 a year which is a whole lot more than your 3000 a month policy.

Why are you so concerned about deductibles? Are you careless with your activities?

""""How many transactions would it to take you just to pay the premium, yet alone the deductable?""""

If you have a policy like mine which is 1800 a year you can pay it off with less than one transaction.
Posted by: Alan From Florida

Re: assist 2 sell or 1 percent realty? - 12/13/05 01:24 PM

Quote:
Orangecrest wrote:
To some up all your jibber-jabber, you don't know what the heck you are talking about and I had to log onto your site just to make sure you didn't work for Prudential, but at my shock and dismay, you do? I know many Prudential agents, and they are normally very intelligent individuals with an excellent business mind...
Why thanks you very much for verifying that I have my license with Prudential Tropical. Now everybody will now that I am who I say I am. Shucks the secrete is out. As well as yes Prudential agents are very intelligent individuals with excellent business minds. That is exactly why I am with them. I could not have said it any better myself without coming across like I was bragging. But basic business 101 is surrounding yourself with good people. That I have done.

And since I have no problem letting everyone know who I am how about letting everyone know who you really are. Or is there a reason why you do not want us to know.

Quote:
Orangecrest wrote:
As for being the top agent... That's funny, practically every agent says that... Usally it is the ReMax agents though...
Well I have not heard you make that claim. However Re/Max agent are in generally pretty good and most of them are top agents. Re/Max as Prudential has a very nice bussiness model for top agents so they will attract them. So yes many get to claim they are a top agent. So now you have a problem with Re/Max agents, Assist@Sell, discount brokers, and all top agents in general, is that what you are saying as well. Um lets think about that.

Quote:
Orangecrest wrote:
I have paid zero in deducables do to the fact that I work at full commission so I can afford to pick and choose and to avoid those that are shady and can put me in a liability.

How much have you paid, or do discounters even carry E&O?

How many transactions would it to take you just to pay the premium, yet alone the deductable?
What does Full Commission mean to you? I thought full commission meant that you get every dime that you want to charge as opposed to part commission. So if I want to charge 3% and get it all then one got full commission as well as If you want to charge 10% and got it all then you got full. As to part, if one wants to charge 7% and only got 6% would that not be part commission and not full. And what does that have to do with picking and choosing clients. One can do that no matter what they charge.

Now as to E&O yes I carry it and always have. In over 12 years as an agent I have never had to use it. But as I mentioned before I pay $195 a year with $1000 deductible. And it includes legal council if need. And once again very slowly that is per year and not per transaction. I will let you figure out how many transactions I need to pay for that.
Posted by: OBXbound

Re: assist 2 sell or 1 percent realty? - 12/14/05 04:28 PM

Quote:
Originally posted by super realtor:
Look I don't care how you want to say it,it's bait and switch.Bait and switch is the intent of offering something knowing that you will try to get them to do something else.It's just like car dealerships that have 2 cars really cheap and put it in big bold letters in the newspapers and make it seem like they have hundreds of them only to offer the ultra expensive ones when they get there.The public always wants to believe there the gold at the end of the rainbow and that they will hit the lottery tommorow rather than face reality.

This is just like click-it with c-21 or mls listed they offer a bare bones fee for 595 or whatever and put a sign out and do nothing knowing that the seller will eventually give in and go for the 6 percent plan.

I do study my competition and i have seen there contracts as2sell.In my area they say we will list for 2,995,but it's not due until closing.They sign them to a 6 month agreement and when the sellers want to get out of the listing for non-activity as2sell goes after them for the 2,995.Ohter brokerages are considered about image and normally don't go after a seller who wants to get out of a contract but as2sell gets all of there business by being cheap so they don't care.

There will always be discounters out there and someone being cheaper.Frankly i don't care what they do as i am just focused on what i want to do and the people who want to do business with me.
Posted by: OBXbound

Re: assist 2 sell or 1 percent realty? - 12/14/05 04:37 PM

I find it SO amusing how "worked up" you all get when it comes to assist 2 sell discussions - kinda tells you something, doesn't it !!!!

FYI - All A2S are independently owned - my office has no problem whatsoever about cancelling a listing contract - all they need to do is sign a release - they owe us absolutely NOTHING.

As far as "bait and switch" - please, that's such a bunch of crap - can't you think of anything better to say to bad mouth the company?
Posted by: Alan From Florida

Re: assist 2 sell or 1 percent realty? - 12/14/05 05:25 PM

Quote:
OBXbound wrote: I find it SO amusing how "worked up" you all get when it comes to assist 2 sell discussions - kinda tells you something, doesn't it !!!!
What I find interesting is it always back to commission. And that to me is really the discount brokers. All they have to talk about is the commission. What they are really mad about is someone found a way to do exactly what they do for less. And if a seller can get exactly the same thing for less then thatís what the seller will do. The general public is not that that stupid. Itís like my son just did. He wanted that new Xbox thing. He saved his money. Was planning on buying it at CompUSA. He found it at Wal-Mart for less. So he bought it at Wal-Mart. Real Estate is not really that much different? And with the Internet companies like Assist2Sell are finding ways to do it for less. I conduct my business is this way If I want to charge more I have to give more. Its simple economics 101. So if you have a company that came into your market place that is doing exactly what you do for less you have only two options. One reduce you price to compete and or change what you do. If you want to charge more then the public has to see value in it. If they see no value in the higher price they wonít buy. So you need to change to create value to charge more. Itís like Coach Sabin said (Dolphins) If you keep on doing things the exact same way you will keep on getting the exact same results. So if you keep on losing market share to Assit2Sell(Or any other Brokerage) and you do not change the way you do things you will continue to loose market share. Complaining about it is not change.
Posted by: nycagent

Re: assist 2 sell or 1 percent realty? - 12/14/05 09:34 PM

Quote:
Originally posted by OBXbound:
Quote:


I do study my competition and i have seen there contracts as2sell.In my area they say we will list for 2,995,but it's not due until closing.They sign them to a 6 month agreement and when the sellers want to get out of the listing for non-activity as2sell goes after them for the 2,995.Ohter brokerages are considered about image and normally don't go after a seller who wants to get out of a contract but as2sell gets all of there business by being cheap so they don't care.

There will always be discounters out there and someone being cheaper.Frankly i don't care what they do as i am just focused on what i want to do and the people who want to do business with me.
[/QB]
Really? As2Sell policies clearly state that they are not owed money unless the house sells. Not even if they MLS. This is actually a policy that mainstream chains like C21 and Remax do not have. I'm just wondering what area you are talking about where the Assist2sell agents go after a buyer for $2,995 if the seller decides to take their property off the market. Sellers do have a right to take off market and agents do have a right to go after costs incurred but Assist2Sell is the only chain I see so far that dares to put it in writing across their franchises that they do not take money from their sellers until the property is sold.
Posted by: gawdzzzla

Re: assist 2 sell or 1 percent realty? - 12/15/05 08:10 AM

I think there's a difference between a discount company and a discounter in particular. A discounter is a person that discounts his price
from a fixed price. A discount company is a generic term meaning low price, low fee, high volume..etc..

We're going to see more people on the defendant side for calling others discounters.

It's interesting to see Obxbound and allan, two different offering two different business models, can agree to work together. But allan on your personal blog site I'm a bit confused because you seem to be saying that discounters equate to less also. If that's the case then it sounds almost like what you say here and what you practice aren't the same.

Correct me if I'm wrong.
Posted by: OBXbound

Re: assist 2 sell or 1 percent realty? - 12/15/05 02:14 PM

NYCAGENT - you replied to a post from super realtor - I didn't write that - read the next post - I work for A2S !!!
Posted by: nycagent

Re: assist 2 sell or 1 percent realty? - 12/15/05 02:49 PM

Quote:
Originally posted by OBXbound:
Quote:
Originally posted by super realtor:
[b] Look I don't care how you want to say it,it's bait and switch.Bait and switch is the intent of offering something knowing that you will try to get them to do something else.It's just like car dealerships that have 2 cars really cheap and put it in big bold letters in the newspapers and make it seem like they have hundreds of them only to offer the ultra expensive ones when they get there.The public always wants to believe there the gold at the end of the rainbow and that they will hit the lottery tommorow rather than face reality.

This is just like click-it with c-21 or mls listed they offer a bare bones fee for 595 or whatever and put a sign out and do nothing knowing that the seller will eventually give in and go for the 6 percent plan.

I do study my competition and i have seen there contracts as2sell.In my area they say we will list for 2,995,but it's not due until closing.They sign them to a 6 month agreement and when the sellers want to get out of the listing for non-activity as2sell goes after them for the 2,995.Ohter brokerages are considered about image and normally don't go after a seller who wants to get out of a contract but as2sell gets all of there business by being cheap so they don't care.

There will always be discounters out there and someone being cheaper.Frankly i don't care what they do as i am just focused on what i want to do and the people who want to do business with me.
[/b]
Posted by: nycagent

Re: assist 2 sell or 1 percent realty? - 12/15/05 02:57 PM

Sorry OBX, when you quoted SP's post there was nothing that appeared separate from your quote, so I assumed you said that all unless you were saying nothing at all except quoting a message for the sake of quoting it.

Anyways, Assist2Sell sounds like a cool franchise. When I sold my first home (that I owned) last year, I had it listed with C21 at 5% but I got it down to 3% when the agent had me deliver the whole building empty then her buyers changed the mind and we were showing the building empty (3 apartments) for 3 months longer. Now I see Foxtons does 3% in my area (NYC) but I havent seen any publicity of Assist2Sell in my this area.... YET.

Do you own an A2S franchise or just work for one? As a salesperson? or assoc broker or other?
Posted by: Alan From Florida

Re: assist 2 sell or 1 percent realty? - 12/15/05 03:33 PM

Quote:
gawdzzzla :
It's interesting to see Obxbound and allan, two different offering two different business models, can agree to work together. But allan on your personal blog site I'm a bit confused because you seem to be saying that discounters equate to less also. If that's the case then it sounds almost like what you say here and what you practice aren't the same.

Correct me if I'm wrong.
Just one question and why can't we work together. If she/he has a listing in my area and I have a buyer that may be interested and I can get paid why not. If she/He is in my area and she/He has a buyer for one of my listing then why canít we work together? Is it not our goal to help buyers and sellers buy and sell? In my humble opinion only but if you and I can get a buyer and seller to close then does not everyone win. Tell me am I missing something here? Is not the ultimate goal here to get a buyer and seller to the closing table? Fighting with you is not going to make that happen. And if you and I can make that happen many times over then are we all not winning? Do I have something wrong here? Is there something I am not getting?

As to part two all I am saying is its simple economics. If all things are equal and you charge say a flat fee of $3000 and I charge $6000 then I can afford to do more. And I do. My net per transaction is probably the same as yours if you charge $3000. However I put that extra $3000 into more marketing, more extras like video tours and the upgraded one, more advertisements, more bells and whistles so to speak. Its not rocket science here If you use the above formal that I mentioned then I have $3000 more to put back into it. Is my model for every seller absolutely not? Is your model for every seller again absolutely not? That is the basic reason that agents/brokers like Obxbound, you and I can co-exists and do so in a very professional and profitable manner.

What I find so very interesting is all these agents are not really business smart in that all they want to do is force the seller to use their model. And What I am saying is some sellers want your model and some want mine. With that in mind the really good news is that because of models like yours and mine sellers have a choice and can choose the model that they really want.
Posted by: BTanner

Re: assist 2 sell or 1 percent realty? - 12/15/05 03:34 PM

Quote:
Originally posted by nycagent:
Quote:
Originally posted by OBXbound:
[b]
Quote:
Originally posted by super realtor:
[b]

There will always be discounters out there and someone being cheaper.Frankly i don't care what they do as i am just focused on what i want to do and the people who want to do business with me.
[/b]
[/b]
That is certainly the right mindset to have regardless as to your opinion of discount brokerages. If you focus on keeping your customers satisfied and don't take their business for granted, you will be successful. I do think that Realtors are going to be forced into adopting models similar to a2sell, etc. Today's consumers are much more educated on the real estate transaction process than they were just a few years ago. And to all you people who put down discount brokerages, I must remind you that the same type of people put down Wal-mart back in the day smile
Posted by: gawdzzzla

Re: assist 2 sell or 1 percent realty? - 12/15/05 05:40 PM

Allan, if you spend an extra $3000 in advertising good for you!!!!!! That's value.

But do you really spend an extra 3000 on every listing? What are you spending?
What's the percentage of listings sold through the mls and did you need to spend 3000 if sold through mls anyways? I guess where I'm getting at is does it make sense to spend an extra 3000 if the same house will sell through the mls assuming both offer the same buying side coop?

I believe a good number of people will always pay 6-7% for many reasons and the other half will search for ways to save at all cost.
Posted by: Alan From Florida

Re: assist 2 sell or 1 percent realty? - 12/15/05 05:53 PM

gawdzzzla

Do I spend $3000 extra on every listing? No I do not. Do I charge $3000 more then you on every listing Of course not. In fact those numbers are exaggerated just to prove a point. And my point is and I think you agree is that if I want to charge more then the next guy I have to create more value. In fact if I may quote you "I believe a good number of people will always pay 6-7% for many reasons and the other half will search for ways to save at all cost." Simply put the reason people pay the 6 or 7% is that they see value in it. And my job is to show my clients the value in it. I think you and I are thinking a lot alike we are just putting it in different formats.
Posted by: nycagent

Re: assist 2 sell or 1 percent realty? - 12/15/05 06:42 PM

"Antitrust laws prohibit brokers from discussing commission rates, and also the publication of such rates."

"Brokers also must refrain from negative discussions about other brokers to avoid the appearance of a group boycott." (at least in NYS)
Posted by: gawdzzzla

Re: assist 2 sell or 1 percent realty? - 12/15/05 07:31 PM

""""""I think you and I are thinking a lot alike we are just putting it in different formats. """""

AGREED.

"""""Antitrust laws prohibit brokers from discussing commission rates, and also the publication of such rates."""""

I'd like to see this law.

"""""Brokers also must refrain from negative discussions about other brokers to avoid the appearance of a group boycott." (at least in NYS""""

can you post the actual statute? Sometimes a law can lose its strength through rewording.
Posted by: Alan From Florida

Re: assist 2 sell or 1 percent realty? - 12/15/05 08:16 PM

Quote:
gawdzzzla wrote :
What's the percentage of listings sold through the mls and did you need to spend 3000 if sold through mls anyways? I guess where I'm getting at is does it make sense to spend an extra 3000 if the same house will sell through the mls assuming both offer the same buying side coop?
In answer to that what I am seeing with the internet is less and less dependency on the local MLS system. I still co-broke about 60% and that has always been pretty constant over the years. However I am seeing more and more buyers via web sites like Assist2Sell, Realtor.com, and Prutropical.com are finding the homes themselves and coming to me with homes already picks out. Years ago a buyer would come to me give me what they are looking for and together we would search the MLS. We would then call and take a look. I also spent a great deal of time previewing homes before they came to my office got in the back of my car and we went out looking. Today with the internet I am finding that buyers are coming to me with five homes they already found, they previewed it already via a video tour asked be to do some research and then we meet over at the property. The business is changing. With my marketing I am becoming less and less dependent of local MLS and having to advertise on web sites where buyers are looking. Now I am not saying we co-broke any less. What I am finding is the buyers are seeing my listing in places other then the MLS and bringing my listing to their agent. So the bottom line is I think the days of just placing properties in MLS and seeing it sell are over. Via the internet I have to upload listing to many sites and do a ton of email marketing.
Posted by: gawdzzzla

Re: assist 2 sell or 1 percent realty? - 12/15/05 08:34 PM

"""""Via the internet I have to upload listing to many sites and do a ton of email marketing. """""


I Completely agree on the fact that more buyers now are going direct to the listing agent. What I'm questioning is whether uploading listings to hundreds of sites is worth the efforts if no one goes to those sites.

Seems to me realtor.com and idx, and realtors are the only ones bring the buyers. There are
others like craigslist and ebay but not as many buyers as the mls.
Posted by: Alan From Florida

Re: assist 2 sell or 1 percent realty? - 12/15/05 09:01 PM

Quote:
gawdzzzla wrote:
I Completely agree on the fact that more buyers now are going direct to the listing agent. What I'm questioning is whether uploading listings to hundreds of sites is worth the efforts if no one goes to those sites.

Seems to me realtor.com and idx, and realtors are the only ones bring the buyers. There are
others like craigslist and ebay but not as many buyers as the mls.
Actually I do not know why but I am also seeing less not more of realtor.com They used to be everywhere and now I just do not see them as much nor do I get anywhere the amount of hits from them. craiglist never heard of. Ebay only on my lower end. IDX plenty. I love all you agents who place my listings on your sites via IDX and Yahoo has be gathering steam lately. At least in my market. Hey I even get buyers coming to me off assist2sell's web site.
Posted by: nycagent

Re: assist 2 sell or 1 percent realty? - 12/15/05 09:22 PM

The quotes I posted are right out of a NYS Real Estate textbook.

I don't have the actual statutes. A Lawyer would.
Posted by: gawdzzzla

Re: assist 2 sell or 1 percent realty? - 12/16/05 06:14 AM

"""""I love all you agents who place my listings on your sites via IDX and Yahoo has be gathering steam lately. At least in my market. Hey I even get buyers coming to me off assist2sell's web site. """"""

The next thing to keep tabs on is if more buyers will be coming to the listing agent directly or contact a buying agent to approach listing agents. My thinking is if every IDX publishes the listing agent info people might come direct without a buying agent. If this happens then there's no incentive to subscribe to IDX.
Posted by: Paul Oaks

Re: assist 2 sell or 1 percent realty? - 12/16/05 06:32 AM

OK for those that might misconstrue the topic of potential commissions don't forget to put your disclaimer that this discussion is for educational purposes only and does not represent real numbers.................yada, yada, yada


Quote:
Originally posted by nycagent:
The quotes I posted are right out of a NYS Real Estate textbook.

I don't have the actual statutes. A Lawyer would.
Posted by: Paul Oaks

Re: assist 2 sell or 1 percent realty? - 12/16/05 06:42 AM

I am seeing more buyers getting their own buyers agents and using the listing agent less. As the listing agent I love it when other agents sell my listings. One less side of the transaction I have to deal with! I will happily do a dual agent transaction but actually prefer being on just a single side of a transaction.

More and more buyers are in fact doing their initial research on the web and then seeking out an agent. I love it when a buyer comes to me and has a list of 4-5 properties they are interested in seeing. I look over their list and pull up a few more that match what they are looking for after doing my buyers interview and getting the EBA signed we look at property.


Quote:
Originally posted by gawdzzzla:
"""""I love all you agents who place my listings on your sites via IDX and Yahoo has be gathering steam lately. At least in my market. Hey I even get buyers coming to me off assist2sell's web site. """"""

The next thing to keep tabs on is if more buyers will be coming to the listing agent directly or contact a buying agent to approach listing agents. My thinking is if every IDX publishes the listing agent info people might come direct without a buying agent. If this happens then there's no incentive to subscribe to IDX.
Posted by: nycagent

Re: assist 2 sell or 1 percent realty? - 12/16/05 06:47 AM

Is there no Real Estate Lawyer active on these forums? It should make for an interesting topic of legality for instance where discussion of commission would help a licensed salesperson make a good decision say when moving from one broker/franchise to another.

All I know is that once I receive my license, I'm not discussing Commissions with anyone outside of my brokership, period. As much as I'd like to.
Posted by: Orangecrest

Re: assist 2 sell or 1 percent realty? - 12/16/05 04:07 PM

Quote:
Originally posted by nycagent:
"...once I receive my license, I'm not discussing Commissions with anyone outside of my brokership, period...
Sprout...

Your not even old enough (experenced) to be called green yet.

Once you get in the real world of real estate and kick a few prospective listing clients because they mention to you that so and so agent is advertising they will do it for 4.25%, you will be on here ranting and raving like the rest.

I warned a prospective client about under paying commission, and sure enough she now lives the life of a DOA house on the market going on its forth week.

With the money she saves in commission she can apply to the many losses associated with attempting to save a buck in the wrong sector of real estate sales...
Posted by: Alan From Florida

Re: assist 2 sell or 1 percent realty? - 12/16/05 05:02 PM

Quote:
Orangecrest wrote:
Sprout...

Your not even old enough (experenced) to be called green yet.

Once you get in the real world of real estate and kick a few prospective listing clients because they mention to you that so and so agent is advertising they will do it for 4.25%, you will be on here ranting and raving like the rest.
Hey Orangecrest are you ever going to get a positive outlook on the real estate industry. The real reason you keep on loosing to the competition is that the general public does not see the value. As well in these forums you always want to talk a big show however you never want to tell people who you really are. Its makes us wonder are you Real or are you Memorex. I have gone over your post history. Let me say I do not think there is a brokerage company and or agent out there that you like. You have been bashing lets see, discount brokers, Assist2Sell, C-21, Prudential, buyers, sellers, Remax, young agents, old agents, experienced agents and the inexperienced, plus I may have missed a post here or there. Well I have to hand it to you at the very least you are consistent. Oh and you say you only get involved in transactions where you represent both sides. So again it seems you just do not like real estate agents/brokers in general. Here is a challenge for you how about finally letting us know who you really are so we can verify that you really do practice real estate.

As to nycagent Let me apologize to you for orangcrease attitude. And welcome to the real estate profession. And let me say from one experienced agent that if you play your cards right, treat this like a business, stay positive then itís the greatest job on earth. I won't lie to you for it takes a whole lot to get it going. But once you get it going get ready for the best ride of your life.
Posted by: BTanner

Re: assist 2 sell or 1 percent realty? - 12/16/05 05:08 PM

Quote:
Originally posted by Orangecrest:
Quote:
Originally posted by nycagent:
[b] "...once I receive my license, I'm not discussing Commissions with anyone outside of my brokership, period...
Sprout...

Your not even old enough (experenced) to be called green yet.

Once you get in the real world of real estate and kick a few prospective listing clients because they mention to you that so and so agent is advertising they will do it for 4.25%, you will be on here ranting and raving like the rest.

I warned a prospective client about under paying commission, and sure enough she now lives the life of a DOA house on the market going on its forth week.

With the money she saves in commission she can apply to the many losses associated with attempting to save a buck in the wrong sector of real estate sales... [/b]
Orangecrest- with that kind of attitude, it's a wonder you can business from anyone. Sounds like you don't have much respect for your customers.
Posted by: nycagent

Re: assist 2 sell or 1 percent realty? - 12/16/05 05:11 PM

I haven't sprouted yet. But I already know ranting to agents of other brokerages or franchises about so-and-so's lower rates is a misdeameanor (well in NYS, how about yours?)

The Anti-trust laws appear aimed at preventing consumers from rate-fixing (as the result of licensees of different brokerages or franchises sharing commission info and strategies) as well as companies from being boycotted at any degree because they offer lower commissions than some.

Thats why even the mere title of this thread looks headed for trouble (ie, Antitrust breach).

But then yeah, only a lawyer, a judge or the respective dept of State could say that for sure?
Posted by: nycagent

Re: assist 2 sell or 1 percent realty? - 12/16/05 05:20 PM

ALAN those were really nice things to hear considering this is all new to me and I'm trying 2 understand how to play the commision card as indeed it was the biggest deal to me when I contracted an agent to sell my home last year. If I had known as much as I do know I'm confident I would have been able to bring her down not just from 5 to 3 but maybe even less. Hopefully a reverse strategy can worked successfully when it comes time to explain why a potential client should still list with me for 5 while she argues she'll get 3 or so from the other guy.

THANKS again for your supportive words. !!!
Posted by: Alan From Florida

Re: assist 2 sell or 1 percent realty? - 12/16/05 09:05 PM

Quote:
nycagent wrote:
I haven't sprouted yet. But I already know ranting to agents of other brokerages or franchises about so-and-so's lower rates is a misdeameanor (well in NYS, how about yours?)
nycagent
Forget the legalities of it. Its just plan counterproductive. The really top business minds look at their market share. The bigger the market share the healthier your business is. The goal in any business should be to gather more market share then the next. If one starts to loose some market share, then figure ways to get it back. I have never scene ranting raising one market share. You don't see Coke complaining about Pepsi, or McDonalds ranting about Burger King. Both of them just keeps on changing there business model in attempts to get you the consumer to use them. In any business there will always be rates both high and low. What you have to do is figure out a model that both is profitable and works for you given your personality, market and resources. It really is all that simple. You will always be playing with it a little. What will work for one agent, may not work for another. And whatís unique to real estate agents/brokers is co-broke. With that the really truly top producing agents/brokers do co-broke. This is a business where we need one another even though you may not like their business model. I have helped many a sellerís sell their home with the use of selling agents as well as I have sold many of their listings as a selling agent and we have done this many times over. Ranting about them will only cause them not to show or sell your listings and or if you have a buyer try not to get your offer accepted. Or at the very least cause your transaction to be difficult to close. Is that legal, I do not know, thatís up to the legal minds. But it does happen. And when it does you may not have any proof that it happened but deep down in your heart you know it did. And the end result your seller and or buyer did not close and then nobody wins. So my advise to you is do rant or complain about find ways to work around it and is a win-win formula for everyone. If you really need to rant and or complain use your significant other. The last time I was ranting to my wife she bought me a new camera. But usually I get to pick the restaurant.
Posted by: gawdzzzla

Re: assist 2 sell or 1 percent realty? - 12/16/05 10:42 PM

WOW!!!!!!!!!!!! I never expected this thread to go this long.

I like what Virginia did this week. It passed a law allowing for limited service companies to grow but require disclosure that the buying agent are not responsible for work/services that are waived by the seller.

Every state should follow Virginia.
Posted by: DavidPylyp

Re: assist 2 sell or 1 percent realty? - 12/17/05 05:56 AM

I have been selling for 18 years, told a client (listing appointment) just last wednesday Hey, there are cheaper realtors out there some will list for free to get your subsequent (purchase) business. I responded as follows; a) why go to dentist with 3 weeks experience, he will be cheaper but it will be painful b) many that are hungrey for business will do anything or say anything to get it c) we are handling your largest single asset to get you the most net from the sale My experience, marketing and negotiating skill will benefit you.

I took the listing at a full commission.

We equipt the tool box with skills and experience. We take out those tools we need for their particular situation. I am not ashamed to earn a good living by being earning a reasonable commission.

Lets look at market share If we have the cheapest toaster they will beat a path to our door ?

But have they? NO. Buyers and listers are becoming more saavy. They want service and liability. I will not be liable for a transaction where even giving forms to a fisbo is deemed assistance and informed consent in Canada.
Posted by: gawdzzzla

Re: assist 2 sell or 1 percent realty? - 12/17/05 06:42 AM

David, I wonder if people are paying you at full commission due to fear or sound decision making?

Suppose the responses to your questions are the following.

"""""a) why go to dentist with 3 weeks experience, he will be cheaper but it will be painful"""""

Because they too have years of experience and it's not as painful?

""""b) many that are hungrey for business will do anything or say anything to get it """""

Right but does that include you saying anything to get my business?

""""c) we are handling your largest single asset to get you the most net from the sale My experience, marketing and negotiating skill will benefit you.""""""

That's why I want to save money. What's the
assurance that what you are saying will beat the other guy that charge less? This sounds too much like he says/she says.
Posted by: gawdzzzla

Re: assist 2 sell or 1 percent realty? - 12/17/05 07:03 AM

[QUOTE]Originally posted by gawdzzzla:
[QB] David, I wonder if people are paying you at full commission due to fear or sound decision making?

Suppose the responses to your questions are the following.

"""""a) why go to dentist with 3 weeks experience, he will be cheaper but it will be painful"""""

Because they too have years of experience and it's not as painful?

""""b) many that are hungrey for business will do anything or say anything to get it """""

Right but does that include you saying anything to get my business?

""""c) we are handling your largest single asset to get you the most net from the sale My experience, marketing and negotiating skill will benefit you.""""""

That's why I want to save money. What's the
assurance that what you are saying will beat the other guy that charge less? This sounds too much like he says/she says.

On giving forms to fisbos that sounds like a bad business decision without proper disclosure and has nothing to do with commission rate. You can't protect yourself from every lawsuit but if you can provide the legal disclosures then I would assume that's when E&O comes in handy.
Posted by: Alan From Florida

Re: assist 2 sell or 1 percent realty? - 12/17/05 10:44 AM

Quote:
DavidPylyp wrote:

I have been selling for 18 years, told a client (listing appointment) just last wednesday Hey, there are cheaper realtors out there some will list for free to get your subsequent (purchase) business. I responded as follows; a) why go to dentist with 3 weeks experience, he will be cheaper but it will be painful b) many that are hungrey for business will do anything or say anything to get it c) we are handling your largest single asset to get you the most net from the sale My experience, marketing and negotiating skill will benefit you..
A> What if the response would be ďwell then they have all the new teck stuff like lazars to make it less painful.Ē
b>The statement may be true however ranting about your competition does not show how you are better and are providing more value to the client. By making statements like that all you are really saying is I have nothing better but because my competition is lousy you need to go pay more and go with me. In addition you may not like my next statement but complaining about your competition just shows unprofessional. How about just explaining to the clients what you really offer, for if you are really better the clients will see the difference. If I may quote you ďBuyers and listers are becoming more saavy. They want service and liabilityĒ So then just show them what service you provide and let the competitors do the same and let the clients decide. If you are really that much more value to the client as your competitor then the client will choose you.
C> Again please just show then what you do not by bewiddling the competition. If you really have been selling for over 18 years then it should be real easy to list everything that you do for the cleint and your reputation is also worth value. And you should not have to resort to ranting tactics.

Quote:
DavidPylyp wrote:
Lets look at market share If we have the cheapest toaster they will beat a path to our door ?
What is with all you so call agents? Itís not all about cheap or commissions. Look I just bought a PDA. Both CompUSA and Wal-Mart had the same item for right at the same price. I bought it at CompUSA. Why because they gave me a free $30 case for the only $5 more. So I bought it there. McDonalds in my area just added a cappuccino coffee bar and they are remodeling there stores kind of like ESPN. Even with the TV with some sports going on at all times. Burger King is now offering a subway bar with healthy style sandwiches. I do not see them ranting about one another just changing their models to compete. And you know what both of them are doing real well and the consumers are the real winners. So stop all this cheap ranting talk and look at your own personal business model and say what can I do to create more value to make the consumer choose me.

WHEN MY CLIENTS SEE ALL YOU SO CALL AGENTS RANTING AND COMPLAINING ALL THEY SAY TO ME IS ďWHEN DID THEY LET USED CAR SALEPEOPLE IN THE BUSSINESS.

People we have the greatest profession on the planet. Lets not go down to used car salespersonsí level.
Posted by: Dimewish

Re: assist 2 sell or 1 percent realty? - 12/17/05 10:56 AM

There is some weight to working with referrals and those you have worked with before or that have been referred to you. A good agent will not have a problem selling/listing homes if he has a good reputation in the community. I have clients comeing to me asking if I would lower my commission to match discount brokers and I just tell them no. And ask them if they would like me to do any less than I did with our last transaction or if a referral ask "what would you like me to do less than I did for our mutual friend" I am currently working with a agent that is awful serviceing his cleints, inspections, disclosures, etc... but he is well liked and a he makes his clients feel special. He gets top dollar most of the time.
So for those complaining about discount brokers.... maybe you do have something to worry about especially if you are not building satisfied clients... to get referrals.
Posted by: brseminars

Re: assist 2 sell or 1 percent realty? - 12/17/05 11:08 AM

Alan Plager,

Very well said, and truly a great post, really.

There has been so many discount, flat fee,etc. threads here over the past year that 200 books could have been written.

Your post really summed it up, and I appreciate it.

I work with agents from just about every major franchise out there including many of the discount/flat fee companies and the bottom line that everyone needs to realize is this:

There are highly professional,highly competent,very experienced, talented marketers, in 'every' major franchise that are very successful. There are also many very bad apples in every company.
Posted by: super realtor

Re: assist 2 sell or 1 percent realty? - 12/17/05 01:10 PM

I hope you don't go eat at burger king and mcdonalds all of the time.Having 10 years restaurant experience if you knew what was in that stuff to sell it so cheap,example byproducts,chemicals etc. you wouldn't eat it.

Good post Alan and everyone has a different point of view,at the end of the day sometimes people just agree to disagree.

I personally am tired of all the hype associated with flat feers and discounters and i believe they get way too much credit and attention.They only represent a small potrion of business in my area.

On the wal-mart comment(whoever made it)wal-marts greatness was derived from sam walton and his giving back to his associates.There are many people who sell for less that never will achieve great growth or have a great business.After sam died they started cheating the employees and took away some of the perks.In recent years wal-mart has sustained growth based on maintaining it's cheap pricing.It's stock however never hardly splits anymore just like home depot's doesn't that much anymore so the stock options and profit sharing that used to be so lucrative to there employees aren't worth much anymore.

I think if we see a discount post on here we should just ignore it and save the space. smile
Posted by: gawdzzzla

Re: assist 2 sell or 1 percent realty? - 12/17/05 01:19 PM

"""""""Why because they gave me a free $30 case for the only $5 more. """""

Hey now that's real value.

I prefer to find a way to make things workout for me than rant over what I have no control over. Savvy consumers will find the houses they want whether you refuse to accept 1% buyer coop or not. There are several ways to turn 1% coop into 2-4% at closing. Any agent that claims to know how to negotiate should also know how to get paid without ranting about the competition.
Posted by: Jflynn

Re: assist 2 sell or 1 percent realty? - 12/17/05 01:37 PM

You'll rarely if ever see successful agents complaining about commissions or the competition.
Posted by: amplet

Re: assist 2 sell or 1 percent realty? - 12/17/05 02:18 PM

Successful agents are out selling, not spending the last week posting 50 times about fees. I cannot believe I just read all that nonsense.
I hardly ever post to this board, but I'm a bit disgusted that some would be spending so much time posting and not selling, or doing something enjoyable.

Charge what you charge, just don't be wishy washy. Then do what you say you will do. That is the biggest problem with some full fee agents, some do not live up to the fee. Many do, but they don't waste too much time here.

I'm going to play in the snow with my daughter.
Posted by: amplet

Re: assist 2 sell or 1 percent realty? - 12/17/05 02:26 PM

gawdzzzla, by the way, what do you call a listing in the Minneapolis market with a 1.5% payout?
>
>
>
>
>
>
>
...EXPIRED!!!

ha ha.

But I bet 5 years from now we will be happy to get 2%, hopefully not 1.5%, though.
Posted by: Orangecrest

Re: assist 2 sell or 1 percent realty? - 12/17/05 05:42 PM

Quote:
Originally posted by Alan From Florida:
Quote:

Hey Orangecrest are you ever going to get a positive outlook on the real estate industry.
You know Alan, if that is really who you are, you really don't know what the heck you are talking about, so your writings are being processed through the ignore option...

Am I the only one that sees anything familiar with the writing style of Mr. Alan?

Anyhow, no offense was directed to anyone, just a helpful look into the real life of a Realtor.
Posted by: Orangecrest

Re: assist 2 sell or 1 percent realty? - 12/17/05 05:50 PM

Quote:
Originally posted by nycagent:
I haven't sprouted yet. But I already know ranting to agents of other brokerages or franchises about so-and-so's lower rates is a misdeameanor (well in NYS, how about yours?)

The Anti-trust laws appear aimed at preventing consumers from rate-fixing (as the result of licensees of different brokerages or franchises sharing commission info and strategies) as well as companies from being boycotted at any degree because they offer lower commissions than some.

Thats why even the mere title of this thread looks headed for trouble (ie, Antitrust breach).

But then yeah, only a lawyer, a judge or the respective dept of State could say that for sure?
Who is rate fixing? If I tell you to charge 6%, are you going to do it?

If a discounter tells you to charge 3%, are you going to do it?

I am telling you from experence, discounters make more money than most traditionals because the only way the sell properties is by double ending them.

If they charge 3.5%, they are getting .5% more than I because I get the attention of other agents which sells the property, which is why the client hired me, correct?

I take my postion serious and in the client's interest only, not mine.

The commission will come in due time, I sell to get refferals, not to get a commisson.
Posted by: Orangecrest

Re: assist 2 sell or 1 percent realty? - 12/17/05 05:54 PM

Quote:
Originally posted by DavidPylyp:
I have been selling for 18 years, told a client (listing appointment) just last wednesday Hey, there are cheaper realtors out there some will list for free to get your subsequent (purchase) business. I responded as follows; a) why go to dentist with 3 weeks experience, he will be cheaper but it will be painful b) many that are hungrey for business will do anything or say anything to get it c) we are handling your largest single asset to get you the most net from the sale My experience, marketing and negotiating skill will benefit you.

I took the listing at a full commission.

We equipt the tool box with skills and experience. We take out those tools we need for their particular situation. I am not ashamed to earn a good living by being earning a reasonable commission.

Lets look at market share If we have the cheapest toaster they will beat a path to our door ?

But have they? NO. Buyers and listers are becoming more saavy. They want service and liability. I will not be liable for a transaction where even giving forms to a fisbo is deemed assistance and informed consent in Canada.
Great job... I like to say, "well why did you call me and not them, then?"

Because I they see my listings with sold signs on them and not theirs.
Posted by: gawdzzzla

Re: assist 2 sell or 1 percent realty? - 12/17/05 05:57 PM

"""""Originally posted by amplet:
[QB] gawdzzzla, by the way, what do you call a listing in the Minneapolis market with a 1.5% payout?"""""""

If you are in the minneapolis area you'd know about a company called Eagle Realty. They've been offering 1.5% for years now and houses are selling like hotcakes.

In FLA there is a company called homediscover.com with almost 2000 ( that's two thousand ) listings and they offer $1 coop and houses are selling like hotcakes. It appears that most agents don't know how to get paid. for those that know how they'll beat out the ones that don't.

You need a course on how to get paid as a buyers agent or you will lose out to smarter better agents.

Orange, most of us here understand the pros and cons of full commissions and discounters. Some of us know how to get paid whether it's 1% or 10% in the mls. You're the only one that seems to be confused.
Posted by: Alan From Florida

Re: assist 2 sell or 1 percent realty? - 12/17/05 06:10 PM

Quote:
Orangecrest Wrote:
You know Alan, if that is really who you are,
Quote:
Orangecrest Wrote:
I had to log onto your site just to make sure you didn't work for Prudential, but at my shock and dismay, you do?
Um enough said now again why are you afraid of letting the world know who you really are.

Quote:
In FLA there is a company called homediscover.com with almost 2000 ( that's two thousand ) listings and they offer $1 coop and houses are selling like hotcakes. It appears that most agents don't know how to get paid. for those that know how they'll beat out the ones that don't.
I am not saying anything pro or con about them. Only that in my market you are correct. Do not complain about them if you know how they operate you can work around it to still earn a commission. Also In my market it seems that Assist2Sell is starting to take away their market share. But they are owned right now by Outback and have a big time financial backing. So it remains to be sceen what will happen.
Posted by: Orangecrest

Re: assist 2 sell or 1 percent realty? - 12/17/05 06:26 PM

Quote:
Originally posted by Alan From Florida:
[QUOTE]Orangecrest Wrote:
You know Alan, if that is really who you are,
Quote:
why are you afraid of letting the world know who you really are.

Did I certify that you worked for Prudential? Did I certify that you are who you say you are?

By the way, have you seen my disclaimer?

What you say is backed by your broker... What I say is what I say...

You are representing your company, I am representing myself, period.
Posted by: gawdzzzla

Re: assist 2 sell or 1 percent realty? - 12/17/05 06:33 PM

"""""""""""if you know how they operate you can work around it to still earn a commission."""""

They can offer $1 or $1,000,000 and it wouldn't effect me. I get paid before I even search the mls.

""""Also In my market it seems that Assist2Sell is starting to take away their market share.""""

We have assist2sell here but no homediscover yet. There's also no 1 or 2%. It's easy to see why assist2sell would be taking away their market share. 2% is more than $3000 if the house is over 150K.

If you recalled from my original post I asked how these guys get their buyers. It appears if they can list thousands of houses and getting them sold then somebody is bringing the buyers.

Goes to show that even $1 coop fees can get buyers if you know how to work around it. This is a great oppty for the true full service agents.
Posted by: Orangecrest

Re: assist 2 sell or 1 percent realty? - 12/17/05 06:34 PM

OK, now I have certified who you are, you're using Roadrunner through Tampa Bay, located in Clearwater... As Dana Carvey, as the Church Lady, would say... Now isn't "that" special...

I still find it hard to believe you are with Prudential... I guess that shows the differences in Franchises, huh?
Posted by: gawdzzzla

Re: assist 2 sell or 1 percent realty? - 12/17/05 06:43 PM

basically the disclaimer means don't give value to anything he says. He's talking about medical treatment, diseases, airplanes and stock tips on a real estate forum. Go figure...
Posted by: Orangecrest

Re: assist 2 sell or 1 percent realty? - 12/17/05 06:44 PM

That's right = )
Posted by: ky realtor

Re: assist 2 sell or 1 percent realty? - 12/17/05 06:50 PM

Quote:
I get paid before I even search the mls.
You do? If you get paid your commission up front you must really be special!
Posted by: Orangecrest

Re: assist 2 sell or 1 percent realty? - 12/17/05 06:56 PM

Posted by Godzilla

"...I get paid before I even search the mls..."


I would never do that to my client... I perform, or my services are free... Haven't worked for free yet...

What do you do if you accomplish nothing? Keep it and hold them to a contract like HouseValues?
Posted by: gawdzzzla

Re: assist 2 sell or 1 percent realty? - 12/17/05 06:58 PM

Quote:
You do? If you get paid your commission up front you must really be special!
It's called a buyers agent compensation agreement. I get it signed before I even tap into the mls. You see how this works?

What i get paid and what it says in the mls can be greater or less.
Posted by: gawdzzzla

Re: assist 2 sell or 1 percent realty? - 12/17/05 07:00 PM

Orange, no I don't put a gun to the buyers head to get paid. The representation contract you sign with your client is basically a "purchase order" due and payable upon delivery of goods...aka..a house they can buy.
Posted by: Orangecrest

Re: assist 2 sell or 1 percent realty? - 12/17/05 07:00 PM

Quote:
Originally posted by gawdzzzla:
Quote:
You do? If you get paid your commission up front you must really be special!
It's called a buyers agent compensation agreement. I get it signed before I even tap into the mls. You see how this works?

What i get paid and what it says in the mls can be greater or less.
Whatever jabber
Posted by: gawdzzzla

Re: assist 2 sell or 1 percent realty? - 12/17/05 07:03 PM

Hey you're more of a jabber than I am. Read your disclaimer. LOL
Posted by: Orangecrest

Re: assist 2 sell or 1 percent realty? - 12/17/05 07:03 PM

I meant Jaber, oopps!
Posted by: gawdzzzla

Re: assist 2 sell or 1 percent realty? - 12/17/05 07:10 PM

Quote:
Originally posted by Orangecrest:
I meant Jaber, oopps!
Huh?
Posted by: ky realtor

Re: assist 2 sell or 1 percent realty? - 12/17/05 07:12 PM

Quote:
It's called a buyers agent compensation agreement. I get it signed before I even tap into the mls. You see how this works?
Naw! Really? Now when did they invent that? laugh
Honey, I hate to break it to you, but getting that signed and getting paid is two different things. You said you got paid before you even searched the MLS. No, big difference.
If you are relying on that, I want to see you try to collect on it when your buyer flies away to another agent.
Posted by: gawdzzzla

Re: assist 2 sell or 1 percent realty? - 12/17/05 07:16 PM

""""If you are relying on that, I want to see you try to collect on it when your buyer flies away to another agent. """""

It's called a contract for a reason and works just like a listing contract. Maybe your clients don't take you seriously? If you knew they invented contracts why aren't you using them?

You might need some training from your broker on how to use them properly.
Posted by: ky realtor

Re: assist 2 sell or 1 percent realty? - 12/17/05 07:28 PM

No, it does not work like a listing contract. A listing contract is enforceable by lien (in my state), a buyer's agreement is, or may be, or may not be enforceable by the court if you wanted to spend your commission in legal fees, which wouldn't be very smart. A contract, in theory, just attempts to keep people honest, especially a buyer agreement. If that works for you, good; I hope you continue to have a long and prosperous career.
Posted by: ky realtor

Re: assist 2 sell or 1 percent realty? - 12/17/05 07:32 PM

Quote:
You might need some training from your broker on how to use them properly.
LOL---I will go in the office Monday and say "well, I know I have been in the business fifteen years, but do you think you can train me now?"
Posted by: gawdzzzla

Re: assist 2 sell or 1 percent realty? - 12/17/05 07:46 PM

"""""""""well, I know I have been in the business fifteen years, but do you think you can train me now?"""""

I know sometimes it's easier to train someone new than untrain someone with as much experience as you. What's that old saying...you can't teach an old dog..????
Posted by: amplet

Re: assist 2 sell or 1 percent realty? - 12/17/05 07:56 PM

Originally posted by gawdzzzla:
"""""Originally posted by amplet:
[QB] gawdzzzla, by the way, what do you call a listing in the Minneapolis market with a 1.5% payout?"""""""

If you are in the minneapolis area you'd know about a company called Eagle Realty. They've been offering 1.5% for years now and houses are selling like hotcakes.*********

Actually I just pulled a report off the MLS, and Eagle Realty currently has 161 Active listings, and all have a payout of 2.7%...Every one, and their deal around here is "3.99% selling fee".

Also they have sold 233 homes in the past 6 months and all but 3 were at 2.7% payout. The 3 were listed at 0% payout.

I'm going to refrain from voicing my opinion about that because it is not ethical to do so. I just wanted to correct some mis-information.
Posted by: ky realtor

Re: assist 2 sell or 1 percent realty? - 12/17/05 08:14 PM

Posted by: ky realtor

Re: assist 2 sell or 1 percent realty? - 12/17/05 08:28 PM

Quote:
I know sometimes it's easier to train someone new than untrain someone with as much experience as you. What's that old saying...you can't teach an old dog..????
Okay, I confess, I am an old dog and I have posted my real picture here for you.
Posted by: Delicious Cake

Re: assist 2 sell or 1 percent realty? - 12/17/05 09:42 PM

Quote:
Originally posted by Alan From Florida:
Also In my market it seems that Assist2Sell is starting to take away their market share. But they are owned right now by Outback and have a big time financial backing. So it remains to be sceen what will happen.
Sorry Alan, I don't know where you heard that, but you are incorrect. Assist-2-Sell is owned by Lyle Martin and Mary LaMeres-Pomin. I believe it's Help-U-Sell that is owned by Outback. smile
Posted by: Orangecrest

Re: assist 2 sell or 1 percent realty? - 12/18/05 05:55 AM

Quote:
Originally posted by Auburn CA:
Quote:
Originally posted by Alan From Florida:
[b] Also In my market it seems that Assist2Sell is starting to take away their market share. But they are owned right now by Outback and have a big time financial backing. So it remains to be sceen what will happen.
Sorry Alan, I don't know where you heard that, but you are incorrect. Assist-2-Sell is owned by Lyle Martin and Mary LaMeres-Pomin. I believe it's Help-U-Sell that is owned by Outback. smile [/b]
<font=big>OUCH!!</font=big>
Posted by: Orangecrest

Re: assist 2 sell or 1 percent realty? - 12/18/05 06:12 AM

Quote:
Originally posted by gawdzzzla:
"""""Originally posted by amplet:
[QB] gawdzzzla, by the way, what do you call a listing in the Minneapolis market with a 1.5% payout?"""""""

If you are in the minneapolis area you'd know about a company called Eagle Realty. They've been offering 1.5% for years now and houses are selling like hotcakes.

In FLA there is a company called homediscover.com with almost 2000 ( that's two thousand ) listings and they offer $1 coop and houses are selling like hotcakes. It appears that most agents don't know how to get paid. for those that know how they'll beat out the ones that don't.

You need a course on how to get paid as a buyers agent or you will lose out to smarter better agents.

Orange, most of us here understand the pros and cons of full commissions and discounters. Some of us know how to get paid whether it's 1% or 10% in the mls. You're the only one that seems to be confused.
No... There are ethical Realtors and Unethical agents and Realtors... I choose to give my clients the top of the line service and exposing them to every client that is qualified to purchase their home.

At 3%, all agents and Realtors will show my clients home if it meets their needs, at a discounter rate, only objective is to double end it.

There are ethics and there is outright corrupt methods on how to pocket the most at anyones expense except your own.

Hommie don't play that... :p

In order to catch a crook, you have to think like a crook... I tell that to my clients all the time, and as a team we come out on top everytime...
Posted by: gawdzzzla

Re: assist 2 sell or 1 percent realty? - 12/18/05 06:32 AM

"""""Actually I just pulled a report off the MLS, and Eagle Realty currently has 161 Active listings, and all have a payout of 2.7%...Every one, and their deal around here is "3.99% selling fee""""""

They've been at 3.99 for a while which includes the listing and selling fee. Just confirmed that the 1% is for non mls exposure/paperwork only. Thanks for looking into this for me I really appreciate it. Homediscover.com does it for $1 and I have confirmed this figure to be correct but somehow they are able to sell houses regardless. Either they're doing something right or many agents have found a way to work around the $1. What an advantage to have.

This answers the original question I asked. If you want to use the mls to sell houses ..like it or not/right or wrong..it better be close to what others offer or no one will show your listing. But this applies only to mls and not newspapers, web, and other media.

KY, I saw the link you posted last nite to the ugliest dog from china site before you edited. It was funny and I apologized that you have taken this conversation to a personal level. I've found a way to handle the commission problem that still gets me paid so whether someone offers $1 or 20% I'll still that show. Hopefully others will too.

Orange, what is wrong with you dude? OUCH!!! is when you use 3000 a year E&O and 4000 per transaction deductible on carpet as an excuse not to list or sell houses. I'll let you have the last word otherwise you'll continue to pester everyone by querying everyone's IP address for proxy server location -----what a scary individual.

For everyone else, this has got to be one of the most informational topic/most popular topic on this board. THANK YOU for taking part.

Myself and Allan and a few others have found a way to work around people from every commission level. For those that haven't it sounds like a personal challenge than an industry problem.

Whatever happens in this industry I can only hope and pray that realtors will remain as first point of contact for real estate needs. We will never become a business of minimum wage earners because everything we do requires time and we can demand $$$$ for our time. No matter how easy home selling becomes it still takes time to show houses, do the closing, call the inspectors, et.

The only thing that I can see changing is who's paying the commission. It's not just the seller that will be responsible for the commission buyers will be asked to pay it too.

This has been very informative with a little sideline circus. wink
Posted by: Orangecrest

Re: assist 2 sell or 1 percent realty? - 12/18/05 06:49 AM

Quote:
Originally posted by gawdzzzla:

Orange, what is wrong with you dude? OUCH!!! is when you use 3000 a year E&O and 4000 per transaction deductible on carpet as an excuse not to list or sell houses. I'll let you have the last word otherwise you'll continue to pester everyone by querying everyone's IP address for proxy server location -----what a scary individual.
I really hope others understand what I wrote, because you are one of the.... Well lets just say you are why discounters are so "gun ho" about their business model, yet can't read between the lines...

Didn't you say you paid like $1,300 for E&O?

Dude! You are getting ripped!

I pay $950 for my wife and I put together, because we get a $100 discount for being a team... And that is for the year...

Now if I need representation, that is $5,500, that I, or my wife, have never had to pay...

Now... "...3000 a year E&O and 4000 per transaction deductible..." is just plain dumb, wouldn't you say?

No wonder you are a discounter and why I get anything and everything I want for my clients when I come face to face, head to head, with a discounter... It is hard to think when you don't have food to eat...

As for IPs... Got a camera on your computer? Want to know what little files you have on your computer?

Let me know, I'll show you what I recieved a degree in...

I was basically asked to certify who someone was and I certified it... Don't ask for something you don't want.
Posted by: ky realtor

Re: assist 2 sell or 1 percent realty? - 12/18/05 06:51 AM

Quote:
I apologized that you have taken this conversation to a personal level
Not at all; one thing you learn in this business is to have a thick skin, and a sense of humor. I have seen a lot of agents come and go in this business while some of us continue to thrive. Most of the ones who crash and burn are the ones who come into the business with a superior attitude, thinking they know everything and really know nothing.
Posted by: gawdzzzla

Re: assist 2 sell or 1 percent realty? - 12/18/05 06:58 AM

"""""Didn't you say you paid like $1,300 for E&O? """""

Yes and I have 27 agents. How many agents do you have working for you?

"""""No wonder you are a discounter"""""

Huh?

"""""As for IPs... Got a camera on your computer? Want to know what little files you have on your computer?"""""

SCARY individual but at least we know who has a criminal mind here.

KY, you are right many that comes in this business with the know it all attitude is just as bad as those with the attitude of been there done that from decades ago. The world is changing what we did in our 20s is history.
Posted by: Orangecrest

Re: assist 2 sell or 1 percent realty? - 12/18/05 07:10 AM

Quote:
Originally posted by gawdzzzla:
"""""Didn't you say you paid like $1,300 for E&O? """""

Yes and I have 27 agents. How many agents do you have working for you?

"""""No wonder you are a discounter"""""

Huh?

"""""As for IPs... Got a camera on your computer? Want to know what little files you have on your computer?"""""

SCARY individual but at least we know who has a criminal mind here.

KY, you are right many that comes in this business with the know it all attitude is just as bad as those with the attitude of been there done that from decades ago. The world is changing what we did in our 20s is history.
27 agents? We have 130...

"...SCARY individual but at least we know who has a criminal mind here..."

I guess the criminal that invented the thing that you are looking at right now was a master mind?

Bill Gates is criminal minded?

There is know one here that will tell you I have tampered with their computer, because I may have the knowledge but would never use it for any activity of the sort unless they were very abusive and the moderator didn't take care of it, which they do a very good job at.

Kind of like the U.S. and Russia pointing Nukes at each other... You know its there but when have they been used?

Criminal minded are those who charge commissions which they know will attract no attention and pose as if they are doing the client a service, only to double end it and collect more than I would if I sell it honestly...

Level3, huh?
Posted by: gawdzzzla

Re: assist 2 sell or 1 percent realty? - 12/18/05 07:20 AM

Okay so you have a discount insurance company? Quick you better switch now and pay more for a full service top of the line coverage.

WHY ARE YOU PAYING FOR A DISCOUNT INSURANCE POLICY? Maybe that's why you're paying 3000 in carpet deductible.

""""I guess the criminal that invented the thing that you are looking at right now was a master mind? Bill Gates is criminal minded?""""

It's the intent that matters. When you use what you know to threaten others that's criminal intent. Don't compare yourself to bill gates.

"""""Criminal minded are those who charge commissions which they know will attract no attention and pose as if they are doing the client a service, only to double end it and collect more than I would if I sell it honestly...""""

Yet companies like homediscover.com are able to sell thousands of houses? You either have your facts wrong or you're trying to encourage the boycotting of listings which is another crime.

""""Level3, huh?"""""

Level3? HUH?
Posted by: ky realtor

Re: assist 2 sell or 1 percent realty? - 12/18/05 07:22 AM

Going back to the original subject--
I noticed by looking at the 1% companies that:

1percentrealtyusa.com-collects a $500 retainer up front; that the minimum commission is $2000.00,and that of course none of this includes the buyer agent commission. It looks like they are really pushing their mortgages, since they offer sizeable incentives for in-house financing.

ipayone.com-Also pushing mortgages

homediscovery.com-2% company, also pushing mortgages and their own title company.

These companies look like pretty much like lenders that have a sideline real estate agency. They are not making their money from commissions.
Posted by: gawdzzzla

Re: assist 2 sell or 1 percent realty? - 12/18/05 07:27 AM

""""""It looks like they are really pushing their mortgages, since they offer sizeable incentives for in-house financing.""""""

I agree. They've found a way to make it work for them.
Posted by: Alan From Florida

Re: assist 2 sell or 1 percent realty? - 12/18/05 08:13 AM

Quote:
Orangecrest quote:
-------------------------------------------------
Originally posted by Auburn CA:

quote:
-------------------------------------------------Originally posted by Alan From Florida:
Also In my market it seems that Assist2Sell is starting to take away their market share. But they are owned right now by Outback and have a big time financial backing. So it remains to be sceen what will happen.
-------------------------------------------------
Sorry Alan, I don't know where you heard that, but you are incorrect. Assist-2-Sell is owned by Lyle Martin and Mary LaMeres-Pomin. I believe it's Help-U-Sell that is owned by Outback.
-------------------------------------------------

OUCH!!
Both of you need to go back and read the orignal post and see exactly who we were talking about.
Quote:
ky realtor wrote:
Pros--you get more listings at first because of the bait and switch/deceptive advertising. Later, most people know better.

Cons--you will work twice as much for half the money.

People, wake up! If it sounds too good to be true, it probably is.
How is it bait and switch and or deceptive. Hey itís their business model that they choose to operate under. Do I like that model honestly no however they advertise a product and deliver exactly the product they advertise. There is nothing actually wrong with that. Bait and switch is when you advertise one thing and have no intention and or product to deliver. Also except for one agent that I ran into their agents do explain fully to their clients exactly how their program works. So their sellers do have a full understanding of what to expect. So you switch to something else. So once again don't complain about it either copy their model, join them, and or change your model to better compete. Hey in business the price one charges is in direct proportion to their expenses and we all have to come to the understanding that with the internet there are firms that have found ways to lower costs and thus lower their fees. Sorry folks its simple economics. So again do blame them for doing just that. Find ways to compete, either find ways to lower your costs so you can compete and or create more value in you own personal marketing program. Also if they want to work twice as hard why is that wrong with that. That is totally their choice. It has nothing to do with quaility

Hey gawdzzzla why in the world are you even arguing with Orangecrest or any of these so called agents who never want to identify themselves. They claim to be an agents yet they absolutely will not identify themselves. Therefore you may and or may not be arguing with an agent wantabees still in class trying to get their license. The president of the CAR claims that it takes the average person 4 shots at passing the license exam plus 84% never make it to the post exam. You have a business model that is both profitable and works for you. So why get up in a ruff so to speak.
Posted by: ky realtor

Re: assist 2 sell or 1 percent realty? - 12/18/05 08:36 AM

Here's just one instance of what happened lately, and I know it is not the standard, but it did happen:

I went back to pick up my paperwork on a listing (he wanted his son to review the contract) This was a very old man in very bad health and needed to sell his home desparately. When I went back, he told me that he wanted me to have the listing, but some agent had knocked on his door and offered to sell his house for 2%. I said I am sorry, but I cannot do it for 2%, good luck.
Later, he called me and said that it seems they "forgot" to tell him that the 2% was for the listing agent, and another 2% went to the buyers agent, and another 2% went to the broker, and they talked him into signing on the spot for less selling price than I had suggested. He now wants me to do something. There is nothing I can do for him now.
Now, I don't have a problem with competition, or whatever works for you, but the above scenario is being repeated over and over here.
Posted by: amplet

Re: assist 2 sell or 1 percent realty? - 12/18/05 08:40 AM

I do not provide my personal information simply because this should be a safe place to go to voice concerns and get assistance from other professionals. I had my personal information posted on another forum, and someone did not like my opinion and they decided to personally attack me at my home and office. I am not interested in that happening again. Please PM me and I would be more than happy to share my professional credentials with you, I will be the first to admit, I am not Mr Top Producer, the best, hot shot or whatever, but I assure you I can and do hold my own.

This has been fun!
Posted by: ky realtor

Re: assist 2 sell or 1 percent realty? - 12/18/05 08:46 AM

Quote:
I do not provide my personal information simply because this should be a safe place to go to voice concerns and get assistance from other professionals.
Same here. I get enough junk mail as it is. I do answer many PM's as long as they don't want personal information, in which case they are trying to sell me something anyway. If I want to market myself, it won't be here.
Posted by: gawdzzzla

Re: assist 2 sell or 1 percent realty? - 12/18/05 08:49 AM

Allan, thanks for the tip. I'm in the same category as Amplet. I don't disclose who I am for the same reason. As we have seen here there are many people like Orange crest that have the ability to do criminal things with info they get off the web. I'm not saying Orangecrest is a crook or criminal but I'm saying that others like him can have the motivation to cause harm or damage.

It took me awhile to figure out what he was talking about with tampa bay thing and the jabber thing. Then it quickly came to me that this guy was using the IP address that is disclosed on here to give the empression that he can tap into our computers..IF HE WANTS TO. He says he won't do it but if he wanted to he could because of his education. Now we can laugh that off or we can report that to the authorities. There's a lot of sick people on the web that will do strange things.

As for KY's last post, you lost out another listing to a discount broker. If you knew this kind of stuff happens and it is the only reason why you are losing deals then you should have done a better job at explaining to that seller how YOU are better. Obviously you didn't do such a great job at explaining how the commission structure works or he would not have listed with someone else.

Second if you feel you can get a better price then why not offer a guarantee of a higher price?????

Seems you are lettig someone else problem becomes your problem and who's problem is that?
Posted by: gawdzzzla

Re: assist 2 sell or 1 percent realty? - 12/18/05 08:51 AM

Hey I just noticed my IP address is the same as KY's. Too bad for the IP sniffer. LOL
Posted by: ky realtor

Re: assist 2 sell or 1 percent realty? - 12/18/05 08:55 AM

Quote:
you lost out another listing to a discount broker. If you knew this kind of stuff happens and it is the only reason why you are losing deals then you should have done a better job at explaining to that seller how YOU are better. Obviously you didn't do such a great job at explaining how the commission structure works or he would not have listed with someone else.
You obviously did not read this well. He THOUGHT he was getting a discount! All he heard was 2%! It ended up being 6%. This was deception, pure and simple. I don't have to resort to that to get listings.
Posted by: gawdzzzla

Re: assist 2 sell or 1 percent realty? - 12/18/05 08:59 AM

I didn't read well or you didn't understand what he's doing. How can say that he paid 6% unless you saw the hud 1?

He may have to fork out 6% but he also could have saved if the buyer came through the web.

With your program, the seller will pay 6% regardless.

With the discounter's pragram he might pay 2 or he might pay 6. Which one has a better chance of savings?
Posted by: gawdzzzla

Re: assist 2 sell or 1 percent realty? - 12/18/05 09:08 AM

I think we're on to something here if we just focus on the issue at hand.

Who's offering greater value an agent that charges 6% no matter what or one that charges 2-6% depending where the buyer comes from? I think that's the heart and soul of this discussion.

Assist2sell is saying hey you might pay 2 or you might pay 6% depends how I get the buyer. KY is saying.. six percent is the only way to go.
Posted by: ky realtor

Re: assist 2 sell or 1 percent realty? - 12/18/05 09:13 AM

Quote:
With your program, the seller will pay 6% regardless.
You have no way of knowing that. I don't believe I said what I charge. I said I don't do it for 2%.

Quote:
I didn't read well or you didn't understand what he's doing. How can say that he paid 6% unless you saw the hud 1?
Because the son quoted this to me from the listing agreement when they called me back for help. It was a full listing at 6%. It hasn't sold yet.

Quote:
As for KY's last post, you lost out another listing to a discount broker.
This was not a self-proclaimed discount broker, but I suspect some are resorting to this measure to compete with them.
Posted by: ky realtor

Re: assist 2 sell or 1 percent realty? - 12/18/05 09:15 AM

Quote:
KY is saying.. six percent is the only way to go.
No, I don't believe I did say that. I said whatever works for you. I am just saying, please, don't deceive.
Posted by: gawdzzzla

Re: assist 2 sell or 1 percent realty? - 12/18/05 09:20 AM

Quote:
Originally posted by ky realtor:
Quote:
KY is saying.. six percent is the only way to go.
No, I don't believe I did say that. I said whatever works for you. I am just saying, please, don't deceive.
First of all this is all hearsay. You're quoting what the son is saying over the phone. Second he is quoting a 6% which is what it says on the contract. So where is the 2% if the contract sayss 6%? Maybe the contract says 6% maxmimum commission and variable down to 2% depending who brings the buyers.

If the agent says one thing and the contract says something else then somebody can take legal action.
Posted by: Alan From Florida

Re: assist 2 sell or 1 percent realty? - 12/18/05 09:32 AM

Quote:
I get enough junk mail as it is. I do answer many PM's as long as they don't want personal information, in which case they are trying to sell me something anyway.
Now that I think we can all agree on? I get tons of Junk mail and use three different programs to filter it out. So that I understand. However maybe I am too used to the way we have to do things in Florida. Here the moment you claim to be a real estate agent you have to disclose your registered broker and or brokerage affiliation. If you are a broker you have to say real estate broker and or at the very least RE Broker under it. Also I do not have to use my personal name but if I do it has to be the exact version that is registered with the State of Florida.
Posted by: ky realtor

Re: assist 2 sell or 1 percent realty? - 12/18/05 10:02 AM

Quote:
So where is the 2% if the contract sayss 6%? Maybe the contract says 6% maxmimum commission and variable down to 2% depending who brings the buyers.
No, it was just the standard 6% exclusive listing agreement. All the talk about 2% was just to get the listing. When the son called for clarification, they explained the 2/2/2 to justify the 6%. I have had to detach myself from them because they now have a signed listing contract with another agent for six months that they won't release.
Posted by: amplet

Re: assist 2 sell or 1 percent realty? - 12/18/05 10:24 AM

Quote:
However maybe I am too used to the way we have to do things in Florida. Here the moment you claim to be a real estate agent you have to disclose your registered broker and or brokerage affiliation. If you are a broker you have to say real estate broker and or at the very least RE Broker under it. Also I do not have to use my personal name but if I do it has to be the exact version that is registered with the State of Florida.
If I were attempting to sell you my services for a fee I would need to disclose who I am and who I represent. I am not trying to sell you anything except my opinion, which is free.

We got way off subject...oops.
Posted by: Orangecrest

Re: assist 2 sell or 1 percent realty? - 12/18/05 05:37 PM

Quote:
Originally posted by gawdzzzla:
Okay so you have a discount insurance company? Quick you better switch now and pay more for a full service top of the line coverage.

WHY ARE YOU PAYING FOR A DISCOUNT INSURANCE POLICY? Maybe that's why you're paying 3000 in carpet deductible.

""""I guess the criminal that invented the thing that you are looking at right now was a master mind? Bill Gates is criminal minded?""""

It's the intent that matters. When you use what you know to threaten others that's criminal intent. Don't compare yourself to bill gates.

"""""Criminal minded are those who charge commissions which they know will attract no attention and pose as if they are doing the client a service, only to double end it and collect more than I would if I sell it honestly...""""

Yet companies like homediscover.com are able to sell thousands of houses? You either have your facts wrong or you're trying to encourage the boycotting of listings which is another crime.

""""Level3, huh?"""""

Level3? HUH?
OK... Everyone close your eyes.... OK, are they shut?

Good...

gawdzzzla, you are an idiot and if you can't figure out why my prem is less than yours, you need to go back to first grade math...


Boycott? What are you some sort of protected minority? You are the only one trying to invent some sort of conspiracy... You know there are drugs for schizophrenia....

In the mean time, watch out for that monkey on your back... I think he is eyeing your ear...

And yes, level3...
Posted by: Orangecrest

Re: assist 2 sell or 1 percent realty? - 12/18/05 05:45 PM

Quote:
Originally posted by Alan From Florida:
[QUOTE]Hey gawdzzzla why in the world are you even arguing with Orangecrest or any of these so called agents who never want to identify themselves. They claim to be an agents yet they absolutely will not identify themselves. Therefore you may and or may not be arguing with an agent wantabees still in class trying to get their license.
So true... Or maybe I am an automated computer that is a proto type that just likes to argue...

Don't listen to me, I know absolutely nothing and only use this forum for therapeutic purposes...
Posted by: Orangecrest

Re: assist 2 sell or 1 percent realty? - 12/18/05 05:51 PM

Quote:
Originally posted by ky realtor:
"...they "forgot" to tell him that the 2% was for the listing agent, and another 2% went to the buyers agent, and another 2% went to the broker,..,"
Where is Charles Bronson when you need him?

Give me the info, I will gladly take care of it... Seriously.

Please e-mail all the info you have and I will seriously take care of these thugs.
Posted by: Orangecrest

Re: assist 2 sell or 1 percent realty? - 12/18/05 06:00 PM

Quote:
Originally posted by gawdzzzla:
Allan, thanks for the tip. I'm in the same category as Amplet. I don't disclose who I am for the same reason. As we have seen here there are many people like Orange crest that have the ability to do criminal things with info they get off the web. I'm not saying Orangecrest is a crook or criminal but I'm saying that others like him can have the motivation to cause harm or damage.

It took me awhile to figure out what he was talking about with tampa bay thing and the jabber thing. Then it quickly came to me that this guy was using the IP address that is disclosed on here to give the empression that he can tap into our computers..IF HE WANTS TO. He says he won't do it but if he wanted to he could because of his education. Now we can laugh that off or we can report that to the authorities. There's a lot of sick people on the web that will do strange things.

If you care to read my postings, I am law abiding, in fact some think to much so.

I stick up for the ones who can not take care of themselves, or I feel I want to protect.

As long as you don't attack people, you won't be attacked. I am sure many here are just as educated in computers as I, I just let you know =)

Creates a much nicer atomosphere, wouldn't say so =P
Posted by: Alan From Florida

Re: assist 2 sell or 1 percent realty? - 12/18/05 06:05 PM

Quote:
Orangecrest wrote:
gawdzzzla, you are an idiot and if you can't figure out why my prem is less than yours, you need to go back to first grade math...
Oh please can we at least stop resorting to this. Orangecrest that was totally uncalled for in any profession.

And gawdzzzla let me apologize for his total lack of professionalism. As if I may quote him "Don't listen to me, I know absolutely nothing"
Posted by: ky realtor

Re: assist 2 sell or 1 percent realty? - 12/18/05 06:26 PM

Quote:
Give me the info, I will gladly take care of it... Seriously.
Thanks Orange, for your offer; But what goes around comes around. People like that always get what they deserve in one way or another.

Anyway, according to Gawdzzzla, that's just our friendly competition! :rolleyes:
Posted by: gawdzzzla

Re: assist 2 sell or 1 percent realty? - 12/18/05 06:50 PM

STRANGE VERY STRANGE....ALMOST TOO CRIMINALLY DERANGED.

""""People like that always get what they deserve in one way or another.""""

You've just lost a listing to these "evil" doers
all you can do is bath mouth them?

Allan, thanks but no need to apologize for this rookie. He's as credibile as his disclaimer.

I was going to comment on a few things that he and KY said but I don't think it's going to ever get the point across. OH WELL.

It's amazing how people can say they support whatever works for others but they continuously bad mouth them.
Posted by: Orangecrest

Re: assist 2 sell or 1 percent realty? - 12/18/05 07:17 PM

So Godzilla, where are you exactly at/from? And what "Agency" are you with?

Here an elderly very sick man is being raped and you stick up for the "evil doers?"

And that is why individuals like yourselves never have anything in life but your sad pathetic existence of an eye sore, what you call a sole that is full of depression due to your unmedicated medical condition brought on by your deranged mental state that makes you think you are elite to others on this board because you feel you are a protected minority and are above any law regarding commissions and boycotting simply due your low commissions.

I have news for you, there are a lot more people harmed by your discounting than you help hundreds to thousands of times over...You set a perfect example when you commented on KY posting.

You have no heart, and the discount feild is absolutely the perfect postion for you, because as a perfessional REALTOR, you will never be.

May you rot in hell and God bring you back as a leech in a septic tank...
Posted by: Orangecrest

Re: assist 2 sell or 1 percent realty? - 12/18/05 07:19 PM

By the way...

Merry "Christ"mas everyone =)
Posted by: gawdzzzla

Re: assist 2 sell or 1 percent realty? - 12/18/05 07:27 PM

"""""Originally posted by Orangecrest:
[QB] So Godzilla, where are you exactly at/from? And what "Agency" are you with?"""""""

Criminals not wanted. Sorry.

""""Here an elderly very sick man is being raped and you stick up for the "evil doers?"""""

Why so you can murder him? Seems like they did a great job explaining 2/2/2 how is this rape to your 6%?

""""I have news for you, there are a lot more people harmed by your discounting than you help hundreds to thousands of times over...You set a perfect example when you commented on KY posting.""""

HUH?

"""""May you rot in hell and God bring you back as a leech in a septic tank...""""

Don't forget your meds and merry Christmas to you too kid. I only wish you the best.
Posted by: gawdzzzla

Re: assist 2 sell or 1 percent realty? - 12/18/05 07:28 PM

Tell us how you really feel Orangecrest. Don't hold any thoughts. Let it all out.
Posted by: East Texas Realtor

Re: assist 2 sell or 1 percent realty? - 12/18/05 07:46 PM

We don't have any so-called "discount brokers" in my area but I've read this ENTIRE thread (exhausting) and have a couple of points that I'd like you to consider:

Back in the 1970s the Big 3 automakers scoffed at Japanese carmakers with names like Toyota and Datsun (later known as Nissan). Big 3 just KNEW that Americans would not buy small, fuel-effecient cars from the Japanese...no matter that they were extremely well-made cars. Those same Big 3 are now fighting just to stay solvent.

Sam Walton changed the landscape of retailing forever. Anyone remember a locally-owned grocery store or 5 & dime? Not many of those around these days.....they're all buried under your local Wal-Mart.

An old TV manufacturer by the name of Curtis Mathis made and sold high-end TVs.....I believe their slogan was something like "the most expensive television....and darn well worth it." That was before companies like Sony & Emerson came into the market offering superior quality and a lower price. The only place you can buy a Curtis Mathis television today is probably on eBay.

Texas Instruments used to be a powerhouse....where are they now?

Motorola was once the king of communications.....now they're somewhere behind Nokia, LG, and others.

Common theme: those that don't adapt, go extinct.

Here's what the history of business repeats over and over: The business model that results in
1) the highest quality of goods/services
2) at the most reasonable price
will probably be the business model that succeeds.

I don't know that any of the business models mentioned so far in this thread has that formula, but only time will tell.

--

Second series of thoughts: We, as real estate professionals, constantly tell sellers that their home is only worth what the market will bear.....no more. Why are our fees any different? Our fees will only be what the market will bear.

Do I want to reduce my fees? NO

Do I see the handwriting on the wall? Yes. Our business WILL change. It's not a matter of IF, but of WHEN that change happens. A company will come up with that business model that changes the industry. When that time comes, those of us in the business will have to adapt or go extinct. That's it.

Sorry for the long post, but thanks for reading.
Posted by: Alan From Florida

Re: assist 2 sell or 1 percent realty? - 12/18/05 07:52 PM

East Texas Realtor
Very nice post and you are so very very right.
Posted by: Orangecrest

Re: assist 2 sell or 1 percent realty? - 12/18/05 07:59 PM

Quote:
Originally posted by gawdzzzla:
"""""Originally posted by Orangecrest:
[QB] So Godzilla, where are you exactly at/from? And what "Agency" are you with?"""""""

Criminals not wanted. Sorry.
I don't know about you, but criminals are already there and have been for many years.

Quote:

Don't forget your meds and merry Christmas to you too kid. I only wish you the best.
Back at ya... =)
Posted by: Orangecrest

Re: assist 2 sell or 1 percent realty? - 12/18/05 08:06 PM

Great Post Tex, Great points and examples...

As long as agents play the game by the rules and in their clients best interest I have no problem with them, or their model...

It is what America is all about, Free Enterprise.
Posted by: Alan From Florida

Re: assist 2 sell or 1 percent realty? - 12/18/05 08:13 PM

Quote:
Orangecrest wrote:
"""""Originally posted by Orangecrest:
[QB] So Godzilla, where are you exactly at/from? And what "Agency" are you with?"""""""

Criminals not wanted. Sorry.
-------------------------------------------------
I don't know about you, but criminals are already there and have been for many years.

quote:
-------------------------------------------------
Don't forget your meds and merry Christmas to you too kid. I only wish you the best.
-------------------------------------------------

Back at ya... =)
Its getting to be a little much now when you are starting to copy, quote, and rant about your own posts. You are now even responding to your own posts ??????????
Posted by: ky realtor

Re: assist 2 sell or 1 percent realty? - 12/18/05 08:19 PM

Quote:
Why so you can murder him? Seems like they did a great job explaining 2/2/2 how is this rape to your 6%?
You don't read very well. You only see what you want to see. This was explained to him after it was questioned. He understood it was to be 2%, total. He signed. I could have gotten him to sign, too. But I waited until he had some help because I didn't feel he was competent to do this on his own. I am not about just getting signatures from people. I am not upset at losing a listing, I get plenty of them. I hate to see people deceived into thinking they are saving money when they are not. I will say it again, whatever works for you, then do it. I will do what works for me.
Posted by: ky realtor

Re: assist 2 sell or 1 percent realty? - 12/18/05 08:24 PM

Quote:
how is this rape to your 6%?
Again, I never quoted my commission. You have no idea what it is.
Posted by: gawdzzzla

Re: assist 2 sell or 1 percent realty? - 12/18/05 08:37 PM

This is what I wrote..read the whole thing before you comment.

"""""First of all this is all hearsay. You're quoting what the son is saying over the phone. Second he is quoting a 6% which is what it says on the contract. So where is the 2% if the contract sayss 6%? Maybe the contract says 6% maxmimum commission and variable down to 2% depending who brings the buyers.

If the agent says one thing and the contract says something else then somebody can take legal action. """""""""""""


Notice the final paragraph

"""""""If the agent says one thing and the contract says something else then somebody can take legal action.""""""

You're trying to change your story and it's showing. YOU TOLD US it was a 2/2/2. That agent broke down the commission in detail...that's good business because the most that client will pay is 6% but can save 2-4 percent.

Why do you feel that a listing agent has to include the buying commission on listing contracts?

Until you see the hud1 you really don't know how much it's going to cost the seller. Everything you're saying right now is hearsay based on what a client's son said over the phone. Why are you using a phone conversation to discredit somebody's business model? Mabye the client lied to you or failed to read the contract that he signed.

I only see what i want to see? Well you skipped an entire paragraph that answered your question. Please stop posting questions that have already been answered.
Posted by: gawdzzzla

Re: assist 2 sell or 1 percent realty? - 12/18/05 08:41 PM

"""""""""""""Originally posted by Orangecrest:
Great Post Tex, Great points and examples...

As long as agents play the game by the rules and in their clients best interest I have no problem with them, or their model...

It is what America is all about, Free Enterprise.
"""""""""""""

HA-HA-HA-HA..Take some more meds dude. Now you're starting to agree with what we've been saying all along? STRANGE VERY STRANGE.
Posted by: Alan From Florida

Re: assist 2 sell or 1 percent realty? - 12/18/05 08:55 PM

Quote:
ky realtor wrote:
You don't read very well. You only see what you want to see. This was explained to him after it was questioned. He understood it was to be 2%, total. He signed. I could have gotten him to sign, too. But I waited until he had some help because I didn't feel he was competent to do this on his own. I am not about just getting signatures from people. I am not upset at losing a listing, I get plenty of them. I hate to see people deceived into thinking they are saving money when they are not. I will say it again, whatever works for you, then do it. I will do what works for me.
Letís assume for a moment that you are correct and it was deceptive. Then I have a question for you. How do you know if itís that broker's business model or the agent just plain going off on his own and said what ever. There are a lot of desperate agents out there in all brokerages. And you may be justified in your anger; however your anger may just be placed in the wrong direction.
Posted by: super realtor

Re: assist 2 sell or 1 percent realty? - 12/18/05 09:04 PM

There have been discounters in the re industry for over 30 years.Most of those years they only made up 7 percent of the u.s market now they are at about 16 to 18 percent.

I don't think they are going to take over full service brokerages anytime soon because consumers want a high level of service.

If you are listing for a really low rate service suffers because you only have so much funds to run the business.At a higher commission business model you can have a transaction coordinator,closing,title person etc. that will leverage people to do more listings.

I know people that work for assist-to-sell and they work like dogs to make decent money.They have to do 2 to 3 times the work of a regular agent to make the same money.If that's what some people want more power to them and i respect them for doing that.

I just think maybe one day discounters will make a huge impact but right now alot of brokerages will not allow discounting and the reason is simple "they want there money".When i was with metro brokers anything you listed under 6 percent you had to make up the difference,so if you listed for 5 percent put 3 on the buyers side to get it sold that left to for you and then you would have the 1 percent you gave away taken out of your commission to make up the difference.

Alot of agents and brokers are nearing retirement and i have only been in this business for a few years.These brokers make so much off of the commission structure which feeds there retirement,bonuses,and passive income.So while as a new agent you might want to discount the broker will not let you do it because it affects there bottom line.I am not saying all brokerages are like this but alot are.When alot of these dinosaurs retire in the next 5 to 10 years then i think you will see more of a shift in the re industry.
Posted by: gawdzzzla

Re: assist 2 sell or 1 percent realty? - 12/18/05 09:10 PM

"""""""I don't think they are going to take over full service brokerages anytime soon because consumers want a high level of service."""""

What are you comparing high level of service to?

"""""So while as a new agent you might want to discount the broker will not let you do it because it affects there bottom line.I am not saying all brokerages are like this but alot are.When alot of these dinosaurs retire in the next 5 to 10 years then i think you will see more of a shift in the re industry.""""

I AGREE. This is why I want to create a second company to let agents charge whatever they want to charge but keep the current brokerage the same.
Posted by: Delicious Cake

Re: assist 2 sell or 1 percent realty? - 12/18/05 09:17 PM

I keep getting my feelings hurt with these sweeping generalizations about discount brokerages not providing a high level of service, but then I realize that if you guys are spending 15 pages talking mostly about my company then we must be having quite an impact on your local markets and I am immediately cheered up.

It's kind of like free advertising.. The more you complain about Assist-2-Sell, the more you remind everyone else that we exist. smile
Posted by: Orangecrest

Re: assist 2 sell or 1 percent realty? - 12/18/05 09:30 PM

Quote:
Originally posted by gawdzzzla:
"...the most that client will pay is 6% but can save 2-4 percent..."

I don't get it, is this a new form of math?

The outside broker gets 2%, his broker gets 2% and he gets 2%...

That is 6% period. No savings, no discount, nothing... 2+2+2=6 no matter what way you slice it.
Posted by: Orangecrest

Re: assist 2 sell or 1 percent realty? - 12/18/05 09:39 PM

I saw a A2S VW Bug today that had sell your home at $4,995, Full Service, and "Friends Don't Let Friends Sell at 6%."

Is there a special exemption here?

If I placed something to the effect against discounters on my BMW, they would cry foul...

We have a Hummer by Prudential that runs through town all stickered up, it would be funny to see these two show up for the same listing apointment.
Posted by: gawdzzzla

Re: assist 2 sell or 1 percent realty? - 12/18/05 09:41 PM

"""""I don't get it, is this a new form of math?""""

Was this before or after the meds?

The more I think about this the 2/2/2 commission is nothing more than a agent trying to breakdown his commission so the client can better understand how he gets paid.

The agent probably isn't even what you might call a discounter. ha-haha-ha.

If you had read what I wrote about 50 posts earlier. LOL..you might learn that 2/2/2 was refering to 2 for the listing agent, 2 for a buying agent ( if any ), 2 for whatever else he claims. So if you want to know how 2/2/2 can save more than 6 then just take out one of the twos.

I'm glad you're in support of the American free enterprise Orange. I'm so proud of you.
Posted by: gawdzzzla

Re: assist 2 sell or 1 percent realty? - 12/18/05 09:51 PM

"""""""""""It's kind of like free advertising.. The more you complain about Assist-2-Sell, the more you remind everyone else that we exist."""""""""""""

Any kind of publicity is good. Probably the biggest problem for assist2sell is the marketing budget. A company like homediscover.com has millions to spend as the local assist2sell guy can afford only $150 adds.

but I actually like the assist2sell model more so than 1 percent companies. The future will tell us which of the two can be more profitable.
Posted by: Delicious Cake

Re: assist 2 sell or 1 percent realty? - 12/18/05 09:57 PM

Quote:
Originally posted by Orangecrest:
I saw a A2S VW Bug today that had sell your home at $4,995, Full Service, and "Friends Don't Let Friends Sell at 6%."

Is there a special exemption here?

If I placed something to the effect against discounters on my BMW, they would cry foul...

We have a Hummer by Prudential that runs through town all stickered up, it would be funny to see these two show up for the same listing apointment.
I wouldn't cry foul - to each his own. If you advertised something like, 'friends don't let friends pay $4995' I would be pleased, as I'm sure people would ask where they could go to pay only $4995. smile

I was thinking about getting a bug decked out, but really, why stop there, it's so tiny. Then I considered a Hummer, but the Prudential in my area has one as well. So today I bought a yellow Range Rover - I didn't even know they existed! Tomorrow I'm going to order my artwork. However, I wont have the 'friends don't let friends pay 6%' on my car, I worked in traditional Real Estate for years and loved getting full 6% listings, if people are still willing to pay that then let them. I know those people are the ones who got me to where I am today. cool

I would love it if someone showed up with their advertisement/vehicle at the same time as me - it would make for some great conversation from onlookers/passersby. I guarantee people will spend more time looking at my car than the other one. I learned from a couple owners I spoke to that 'big, yellow and ugly' is the way to go to get attention. One of the A2S owners in Florida I spoke to recently got a listing after dropping his son off for school in his A2S yellow ugly boxy Scion thingie. The guy actually ran across the street to flag down his car to talk - and listed his house that day.
Posted by: Orangecrest

Re: assist 2 sell or 1 percent realty? - 12/18/05 10:05 PM

Quote:
Originally posted by gawdzzzla:
The agent probably isn't even what you might call a discounter. ha-haha-ha.
OooohhHHHH MY GOD!! You are so slow!! You just now realized that?

Where are my meds?!!!!
Posted by: gawdzzzla

Re: assist 2 sell or 1 percent realty? - 12/18/05 10:09 PM

""""""OooohhHHHH MY GOD!! You are so slow!! You just now realized that?
Where are my meds?!!!!"""""""""""

So why are you so upset over this poor agent trying to make a living by showing his commission breakdown? Do you understand how 2/2/2 doesn't have to equal 6?

TAKE MORE MEDS.
Posted by: Orangecrest

Re: assist 2 sell or 1 percent realty? - 12/18/05 10:13 PM

This is corrupt, and outright preditory.

Believe me, I would rather see a discounter sell it to me at 1-cent comp than for this jack asses 2%.

I am sure it will equal 6% anyway it is sold.

If he double ends it, he will take that 2% as well...
Posted by: gawdzzzla

Re: assist 2 sell or 1 percent realty? - 12/18/05 10:16 PM

Hey Orange why are you so upset over discount companies when nobody here owns a discount company? We're talking about how assist2sell and 1 percent companies get buyers and here you come peeing and moaning how discounters are hurting people a thousand fold.

What's wrong with you dude?

Then after peeing and moaning you said you support any and all business models. Was that
med side effect?

What's making you so upset, Orange?
Posted by: gawdzzzla

Re: assist 2 sell or 1 percent realty? - 12/18/05 10:20 PM

"""""""Believe me, I would rather see a discounter sell it to me at 1-cent comp than for this jack asses 2%."""""""

I agree Orange this Jackass is worse than a discount company. Just to think he's not even a discounter. But it's good to hear now that you'd rather make 1 cent than 2%.

How things can change in 24 hours.

"""""I am sure it will equal 6% anyway it is sold.

If he double ends it, he will take that 2% as well..."""""

A lot of IFs in there but what is wrong with breaking down your commission for clients?
Posted by: ky realtor

Re: assist 2 sell or 1 percent realty? - 12/19/05 05:13 AM

Quote:
How do you know if itís that broker's business model or the agent just plain going off on his own and said what ever. There are a lot of desperate agents out there in all brokerages.
In this case, I do believe that is what happened. This particular agency does not traditionally do that. I found out that the broker is unaware that this agent is doing this, and my guess is that the agent's days are numbered there. The point I was trying to make is---sometimes people hear one thing (discount, 2%, etc.) and aren't careful to read the find print. Perception is the key.
Posted by: ky realtor

Re: assist 2 sell or 1 percent realty? - 12/19/05 05:22 AM

Quote:
I know people that work for assist-to-sell and they work like dogs to make decent money.They have to do 2 to 3 times the work of a regular agent to make the same money.If that's what some people want more power to them and i respect them for doing that.
That's true. Those agents have to sell some of the traditional agency listings to make money because it pays them more. It's the rest of us who are keeping them in business.
Posted by: gawdzzzla

Re: assist 2 sell or 1 percent realty? - 12/19/05 06:22 AM

"""""It's the rest of us who are keeping them in business."""""""""

That's interesting because it seems to suggest that they're able to make money off you but you are having a hard time making money off them.
A couple members here seem to think that maybe they should lower what's offered in the mls to reflect fairness of compensation. I don't think that's going to stop them from beating you at your own game. I don't think it matters if you offer $1 or $0 or 3% because some agents don't have to rely on what you offer to determine how much they get paid. You can get upset all you want and the only person effected by this is you beceause the other people have already found a way around the problem. I'm glad we finally revealed that the 2/2/2 bandit is a non-discounter. From the sound of it he's just a regular agent doing his job by breaking down his commission to the client. Criminals/liars/fraudsters come from every business model but for many of us we seem to only be critical of those working for discounters. I can't even begin to imagine the peeing and moaning if this 2/2/2 bandit agent were to work
for a discount company.
Posted by: Alan From Florida

Re: assist 2 sell or 1 percent realty? - 12/22/05 03:42 PM

Sorry to gawdzzzla and Auburn CA
But Assist2Sell in my area just pissed me off today. So far I have been very supportive of Assist2Sell. Today I actually sent them to our corporate attorneys. I was showing a home in the area when low and behold I was inside showing a property and when we came out this man claimed to have the house 2 doors down. Asked me why I did not show his property. I was a little confused there was no MLS listing and no sign on the property. I apologized, gave the man my card and asked if it was convenient to take a look. It is supposedly listed by Assist2Sell. He then went off on me and said his agent said it was against the law for me not to show his property. The next thing I know the agent was calling me, yelling at me, and said he was going to report me. This unethical thing has gone way too far. First there was no listing in MLS and no sign how is anyone supposed to know itís for sale. Forget all the unethical mambo gumbo if assit2sell wants other agents to show and sell their listings they could at the very least make us aware of them. If Assit2Sell is not going to place them in MLS and or not place any signs then stop complaining when agents do not show their listings. I have always said there is only two reasons why a property does not sell. 1 Its over priced and or 2 nobody knows its for sale. This has nothing to do with co-broke offerings, commissions, or boycotting. Its simply was a case of not knowing the property was for sale.
Posted by: MDHomes2Go

Re: assist 2 sell or 1 percent realty? - 12/22/05 04:11 PM

"his agent said it was against the law for me not to show his property"

-- How did you respond to that?

"The next thing I know the agent was calling me, yelling at me, and said he was going to report me."

-- What was he yelling about? Report you for what?
Posted by: Orangecrest

Re: assist 2 sell or 1 percent realty? - 12/22/05 04:15 PM

I just sold a property with no sign or MLS listing... If the owner made the stupid mistake of requesting that, he has himself to blame...

I sold mine in 5-days, which had 4-solid offers, but this is something that has to be done by someone who knows what they are doing and has a budget to get it out to his network and others.

I would have gotten into trouble with a person like that because I would have told him he got/is getting what he paid for...

Actually, no sign no MLS, how does A2S charge for that one?

Oh... I know... That's the "Bare Bones" Package, LOL!!
Posted by: gawdzzzla

Re: assist 2 sell or 1 percent realty? - 12/22/05 05:21 PM

Allan, why did you report this agent to your corporate attorney? What did he do?
It's hard to say if this is the owners fault or agent. Some people want a private sale but expect the world to know. This is more likely a case of in house listing which you and I know there are traditional companies that do the same. Perhaps a assist2sell version of a typical in house listing.

It doesn't seem to make any sense why any agent would sell a house this way unless it's under specific guidance from the owner. Keep us posted with specifics....I expect a series of I told you so replies any minute now.

Typically people don't get outraged to the point of screaming or telling others to rott in hell unless you've done something that's going to hurt them or you've caught them in the middle of a lie. This might be a simple case of a cheapskate owner that wanted to get the cheapest package offered by assist2sell then learned that he got what he paid for.

If I worked for assist2sell I would never tell people that for 3000 they get the same as 6% but I would have no problem in saying that it's an option that can work for them. I've seen houses sold with a single yard sign..no mls..no ads..no cobroke, nothing too. Hard to say without the specifics.

Goes to show that you need to educate people on what they should expect for what they paid for. A local company here in Minneapolis has 50 listings over the past six months but only 5 sold. Somebody's doing either something or a lot of things wrong. LOL
Posted by: ky realtor

Re: assist 2 sell or 1 percent realty? - 12/22/05 05:27 PM

Quote:
....I expect a series of I told you so replies any minute now.
I thought about it---------
But I won't.
Posted by: Jflynn

Re: assist 2 sell or 1 percent realty? - 12/22/05 05:31 PM

WTF can this A2S agent report you for? Nothing and they know it. You don't have to show every freaking property in the city or even on the block. Assuming you knew it was for sale - which you had no way of knowing - maybe the A2S listing was a yellow house and your buyer said they don't want to see yellow houses. Or maybe in your professional judgement it just plain wasn't worth showing.

Sounds like the A2S agent and also the seller he represented were first class jerks.
Posted by: gawdzzzla

Re: assist 2 sell or 1 percent realty? - 12/22/05 05:32 PM

""""""I thought about it---------
But I won't."""""

I've seen in house listings by traditional companies end like this many times. I'm not about to point at assist2sell for this problem because i know poor agents are not exclusive to assist2sell. Jflynn is right about this it's what happens when two jerks come together to sell a house.
Posted by: Alan From Florida

Re: assist 2 sell or 1 percent realty? - 12/22/05 05:36 PM

gawdzzzla
I do not think this was that case. I think this was a case of the agent wanting it, for the owner of the property seemed genually upset. We turned it over to the corp attornies to let the legalize people take care of. Why not, its what I pay part my E&O for. Let the legalize people worry about if the right and or wrong thing is being said. I think you said it best "Typically people don't get outraged to the point of screaming or telling others to rott in hell unless you've done something that's going to hurt them or you've caught them in the middle of a lie" I think the agent just got caught. Also you said "This is more likely a case of in house listing" I do not think so I think you said it best the agent got "caught them in the middle of a lie". Let the legalize work on the that with his broker. I just do not have the time.
Posted by: Orangecrest

Re: assist 2 sell or 1 percent realty? - 12/22/05 06:12 PM

Quote:
Originally posted by Jflynn:
WTF can this A2S agent report you for? Nothing and they know it.
Exactly Jflynn!!

I think the A2S agent is reaching for something to keep his head above water.

By the way, as long as he has the exclusion from MLS form signed and the section stating they don't want a sign in the front yard, he covered his tracks, otherwise: Opppss!

In my case, my client requested this and I warned him how difficult it would be to sell this way... Turned out I knew the right people at the right time.... laugh
Posted by: Rick Mense

Re: assist 2 sell or 1 percent realty? - 12/28/05 05:49 PM

Alan,
You might want to go spell check your web site.

Orange, Terrific! Your Prudential office has a hummer. I can go to listing appointments and tell people their commissions can go towards a gas guzziling 4x4 or they can keep that money and list with me. I am still tickled over the fact that your office has a competition to see which agent can get there seller to lower their price the most over a weekend. That one is paying dividends like you wouldn't believe!!!

By the way, Prudential doesn't even have its links set up right, so much for professional service. Your Riverside office on the national prudential page pulls up the office in Irvine.

Just a few more reasons why A2S, HUS and other discounters are beating up on the traditional model so bad!!!!

Have a nice day.
Posted by: Paul Oaks

Re: assist 2 sell or 1 percent realty? - 12/28/05 06:20 PM

Rick did you ever buy that discount franchise? Or are you all talk and No action.

If you are such a firm believer why have you not put your money where your mouth is?
Posted by: Alan From Florida

Re: assist 2 sell or 1 percent realty? - 12/28/05 06:30 PM

Quote:
Orange, Terrific! Your Prudential office has a hummer. I can go to listing appointments and tell people their commissions can go towards a gas guzziling 4x4 or they can keep that money and list with me.
Great you just indirectly verified that Orange is with a company that is highly successful. And I was having fun with him. You just said that his office has a hummer but you did not say he does. That tells me his broker has a group of extremely highly successful agents since he/she earns a little off each agent. And since you have a problem with that we can only assume your broker drives one of those Yugos. Good savings there bud.
Quote:
By the way, Prudential doesn't even have its links set up right, so much for professional service. Your Riverside office on the national prudential page pulls up the office in Irvine.
So again you just told us youíre with a very small outfit. For Prudential have many. In fact they are franchised. When you do a search on the main web site in random order it comes up with a close office that serves that city. That way all franchises get a shot. Although for you it will always come up with Irvine CA till you eat that cookie that was just served up.
Quote:
Just a few more reasons why A2S, HUS and other discounters are beating up on the traditional model so bad!!!!
What reasons all you have been able to say is that the broker of Prudential out in CA has enough successful agents to afford a hummer and yours drives a Yugo. That does not sound like we are being beaten all that bad.
Quote:
Have a nice day.
You too and also Happy New Year.
Posted by: Rick Mense

Re: assist 2 sell or 1 percent realty? - 12/28/05 06:38 PM

I am a broker, I am a discounter, I have my own company. I am doing well discounting on my own. I may consider moving to the franchise, but for now I make a good living giving people a fair deal on their real estate transactions and taking business from the traditionalist 6%er's.
Posted by: Rick Mense

Re: assist 2 sell or 1 percent realty? - 12/28/05 06:45 PM

Alan, you don't even have enough sense to spell check your site before you put it out to the public. Why in the world would anyone use your service to make the biggest investment of their life, when you spell CURRENT >> CURRANT. WAY TO GO PRUDENTIAL!!!!

2 entries found for currant.

cur∑rant P Pronunciation Key (kŻrnt, kr-)
n.
Any of various deciduous, spineless shrubs of the genus Ribes, native chiefly to the Northern Hemisphere and having flowers in racemes and edible, variously colored berries.
The fruits of any of these plants, used for jams, jellies, desserts, or beverages.
A small seedless raisin of the Mediterranean region, used chiefly in baking.
Any of several other plants or their fruit.

So Alen, would you like to WRIGHT UP A PUCHAZE CONTRACT FOR ME? Or should I go to a highly skilled discount company like Assist2Sell and have it done properly and save a few thousand while I am at it.
Posted by: Alan From Florida

Re: assist 2 sell or 1 percent realty? - 12/28/05 07:10 PM

Quote:
Alan, you don't even have enough sense to spell check your site before you put it out to the public. Why in the world would anyone use your service to make the biggest investment of their life, when you spell CURRENT >> CURRANT. WAY TO GO PRUDENTIAL!!!!
Why thank you so very much. I see you took to time to look over all 227 pages of my web site. And you just showed why people do business with me. They take the time to really check me out and what I can do for them. And my advertisements like web sites are effective enough to get people like you to look over every aspect. And that is one of the things my sellers want. Effective marketing.

Quote:
So Alen, would you like to WRIGHT UP A PUCHAZE CONTRACT FOR ME? Or should I go to a highly skilled discount company like Assist2Sell and have it done properly and save a few thousand while I am at it.
So let me get this straight. If I am to write up a purchase contract for you, then you are a buyer. And if you are the buyer you want to save the seller money. Then we can assume that you do not want to ask the seller to pay for anything including any customary fees and you will pay full price to boot. Ok as long as you understand what you really want.

Quote:
I am a broker, I am a discounter, I have my own company. I am doing well discounting on my own. I may consider moving to the franchise
Great you eventually want to be the broker of a Prudential Office that drives a Hummer. Let me know when you are ready to upgrade and I will put you in touch with the proper people.
Posted by: Rick Mense

Re: assist 2 sell or 1 percent realty? - 12/28/05 07:28 PM

Alan, Prudential, Remax and Coldwell to name a few are slowly coming around to the discount model. If I were to be a Prudential broker I would be like committing a slow painful suicide, no thanks!!!
Posted by: Paul Oaks

Re: assist 2 sell or 1 percent realty? - 12/28/05 08:05 PM

Now that is funny! Coldwell Bankers slow painful suicide! 100 years and Growing. wink

A discount model is always going to have a place, right beside those FSBO's.

Funny how it works that when times get tough the discounters are always the first to go!


Quote:
Originally posted by Rick Mense:
Alan, Prudential, Remax and Coldwell to name a few are slowly coming around to the discount model. If I were to be a Prudential broker I would be like committing a slow painful suicide, no thanks!!!
Posted by: Alan From Florida

Re: assist 2 sell or 1 percent realty? - 12/28/05 08:08 PM

Quote:
Alan, Prudential, Remax and Coldwell to name a few are slowly coming around to the discount model. If I were to be a Prudential broker I would be like committing a slow painful suicide, no thanks!!!
How can you say that? Letís put aside the discussion on discount brokers. All three of those brokerages are posting record sales years. And have for several straight years. I have no problem with discount brokers at all. What I have a problem with some is the public out cry of negativity. That to me it totally uncalled for and its unprofessional. Like you excuse me but you went right after me and started to degrade me. You do not know me. You do not know my business model. You have no idea how successful I really am. You do not know how I operate. You really have no idea what I charge my seller. However you went right at attacking me. That is not the proper professional way to conduct business. If your model is discounting your fee then fine do it. However it can be done in a positive manner. There really is no call for negatively going after Re/Max, Coldwell Banker, Prudentuial etc. If you like Assist2Sell and like to promote them, then fine. Go for it; tell me all the good things that Assist2sell offers. Youíre not really making them look better by making Prudential look bad. All you are saying then I really am not offering anything but to work for cheap and they are really bad so come list with me. Come on how about just saying you should list with me because I can do XYZ for you.

Now to my personal take, I do not think your business model is hurting my business at all. I think you are cutting in the FSBO market more. I still see the same percentage of what you call traditional brokerages signs out there. What I am seeing is less and less of FSBO magazines and those types of models. Your signs are replacing their signs.
Posted by: gawdzzzla

Re: assist 2 sell or 1 percent realty? - 12/28/05 10:07 PM

""""" What I am seeing is less and less of FSBO magazines and those types of models. Your signs are replacing their signs. """""

Hard to say if the fsbos are becoming realtors or the realtors are becoming fsbo friendly.
Hey Rick, which do you think is a better model one percent or assist2sell? That was the original topic which somehow got tangled with the 360 debate over anti discounters.

I don't have a problem with discounters but i wish they would stop saying they offer the same for less crap. It's clear they're not because 3000 plus 3% mls with sellers doing showings is not/cannot be the same as 6% where I do everything. Also 3000 without mls is not the same as 6% with complete mls and full service including showings.
Posted by: Orangecrest

Re: assist 2 sell or 1 percent realty? - 12/29/05 07:50 AM

Rick, where have you been?

After all this about A2S, and you weren't responding was concerning... =)

Anyhow, question is: why in a buyer's market discounters are the first to start dropping off the map?

Could it be that a 5 year old can practically sell a house in a seller's market, but it actually takes talent and financial incentive to sell in a buyers market?

I guarantee that the last transaction I had, a discounter would have run away screaming...

There was no way in heck a discounter could have handle this at your $2,995...

Had absolutely nothing to do with the brokerage, had to do with resources, and the determination not to throw up my hands because everyone else didn't want to deal with it, that it took to be able to bring it to a close...
Posted by: gawdzzzla

Re: assist 2 sell or 1 percent realty? - 12/29/05 09:21 AM

""""""There was no way in heck a discounter could have handle this at your $2,995..."""""

OC, glad to see that you still have no problem with any business model. It's so nice to have open minded people in such a competitive business. Where did you read that there is no way that they can do what you do for 2995? What are you basing this on?

How many listings did you sell compared to the local assist2sell office?
Posted by: Alan From Florida

Re: assist 2 sell or 1 percent realty? - 12/29/05 12:21 PM

Quote:
There was no way in heck a discounter could have handle this at your $2,995...
What does the fee have to do with ones ability to handle everything. What if its a family member just helping out??
Posted by: gawdzzzla

Re: assist 2 sell or 1 percent realty? - 12/30/05 06:09 AM

""""""What does the fee have to do with ones ability to handle everything. What if its a family member just helping out?? """"""""

Alan, it's hard to imagine that any company would want a model that limits them to helping only family members. I've read enough postings from mr/mrs. OC to know that she isn't concerned about service as much as her commission. She keeps 360ing the topic on less commission means bottom feeders or less is not good enough. My only roadblock to this kind of thinking is how does he know that there's no way of knowing 3000 + mls fees can't do the same as his current level of service?

Let's assume the same agent lists two identical properties. One listing is 6% the other 3000 + any mls. Let's say both houses sold as a result of the yard signs. Are consumers to believe that the 6% listing somehow received better service? OC's comment that there was "no way" to get the same job done baffles me.

I am aware that the potential outlay of service for a 6% vs a 3000 + mls isn't equal but it might not be necessary either. When you really look at the total spending of a 6% agent vs
those from a discount firm you really have to ask yourself is it really effective/necessary spending or just MORE SPENDING.

Does an agent that spend more offer more service or lacks business management skills to control costs? An example here is if the same agent sold two identifical properties through the yard signs but there are other examples where the cost per transaction is the same only the listing commission is different.

The argument that discount brokers tend to disappear during tight economies is a weak one because I've seen non discounters disappear too. Any company that can't control their costs will go out of business in any bad economy. Companies that spend more when they don't need to will be the first to go.

Now I could be out of line about this but my assumption is that some agents think that in a tight economy higher selling fees will motivate more showings. This too is a weak argument because a company like assist2sell can increase or decrease what is offered in the mls.
Posted by: Orangecrest

Re: assist 2 sell or 1 percent realty? - 12/30/05 07:50 AM

Quote:
Originally posted by gawdzzzla:
[b]Let's assume the same agent lists two identical properties. One listing is 6% the other 3000 + any mls. Let's say both houses sold as a result of the yard signs. Are consumers to believe that the 6% listing somehow received better service? OC's comment that there was "no way" to get the same job done baffles me.

I am aware that the potential outlay of service for a 6% vs a 3000 + mls isn't equal but it might not be necessary either. When you really look at the total spending of a 6% agent vs
those from a discount firm you really have to ask yourself is it really effective/necessary spending or just MORE SPENDING.

Does an agent that spend more offer more service or lacks business management skills to control costs? An example here is if the same agent sold two identifical properties through the yard signs but there are other examples where the cost per transaction is the same only the listing commission is different.[/b]
What are the chances that a house will sell through a yard sign?

Less than 1%!

That is where you guys have no clue, or are being deceptive.

Unless it is on a very busy street or there is a listing with an agent doing their job correctly next door which is pulling in lots of traffic, it will die. Don't believe me? Log onto the MLS and do a search on expired discounters and truely research as to why this happened.

I tell people in gated communities that have a sign in the front yard is basically useless and not needed, other than advertising for me.

I will sell their home without creating a an eyesore through aggressive marketing.

My wife and I just sold a house that had a HUS sign accross the street. Ours was almost 100K above theirs and now the HUS sign sits on its side behind a rod irion fence, still listed on the MLS as active.

If anyone thinks they can sell a house with a sign in the yard, only... I suggest buying a sign from Home Depot, because you will need to save your 6% or $2,995 to pay for your mortgage and taxes and you will still come up negative until you play the game by the instructions on the box...

Quote:
[b]The argument that discount brokers tend to disappear during tight economies is a weak one because I've seen non discounters disappear too. [/b]


Any company that can't control their costs will go out of business in any bad economy. Companies that spend more when they don't need to will be the first to go.
It doesn't take a bad economy to do this.


Quote:
Now I could be out of line about this but my assumption is that some agents think that [b]in a tight economy higher selling fees will motivate more showings. This too is a weak argument because a company like assist2sell can increase or decrease what is offered in the mls. [/b]
Selling fees have nothing to do with it, other than discounting what brings in the qualified buyers, and this applies to any market condition.

In a "tight economy," in order to entice an agent to bring their "qualified buyer" to your listing over the next agent, what does it take?

What is going to set your listing seperate from the others?

Just charging 6% isn't going to sell a house. I can 20%, but if I just place a sign in the front yard, and even place it in the MLS, with a weak undetailed, no photo description, and think that is going to sell the house, I better start looking for another line of work.

How many here even click on a listing without photos?
Posted by: gawdzzzla

Re: assist 2 sell or 1 percent realty? - 12/30/05 08:12 AM

OC, it's good to see that you've presented a valid argument without the usual 360.

But I used the yard sign as only one example. There are other examples..one being the buyer finding the house over the web. How is a buyer finding the property over the web and coming directly to you better at 6% listing than 3000 + mls?

Houses sold by yard signs are less than 1% which is about those from open houses so why do agents continue to do them and call it full service?

""""That is where you guys have no clue, or are being deceptive.""""

AGAIN, I gave the yard sign example as one example. You are being deceptive when you say there is NO WAY to get things done.

""""""Don't believe me? Log onto the MLS and do a search on expired discounters and truely research as to why this happened."""""

Does your mls show the reasons why houses do not sell?


"""""What is going to set your listing seperate from the others?"""""

I noticed you've used eye soars a few times.
Seperating your listing from others has to do with marketing knowledge and skills not how much commissions is charged. Seperating yourself includes being able to get things done better, cheaper, ...

""""""How many here even click on a listing without photos?""""

What does this have to do with commissions?
I'm certain that if you were to click on helpusell assist2sell or homesdiscover website, they most likely have a site that far surpasses MOST non discount companies.

Why is it that most of these bottom feeders that you call them seem to have better websites and photos on the web? Take a minute and look at realtor.com and you'll see thousands of listings by non discount companies that are eye soars and have little marketing seperation.

Again you are limiting yourself to eyes of discount companies but you've neglected to notice the eyes of non discounters. Why is that? Carelessness, deceptions, and poor services are not code of ethics but a lack of training and experience.
Posted by: rwilson99

Re: assist 2 sell or 1 percent realty? - 12/30/05 09:49 AM

Quote:
Originally posted by gawdzzzla:
OC, it's good to see that you've presented a valid argument without the usual 360.

But I used the yard sign as only one example. There are other examples..one being the buyer finding the house over the web. How is a buyer finding the property over the web and coming directly to you better at 6% listing than 3000 + mls? .
There is a concept to be concerned about called adverse selection.

If a companies business strategy is to loss lead on listings to get more profitable buyer leads from signs and internet advertising it can create problems for the seller client.

While there is nothing inherently unethical about the flat fee arrangement, the fee structure could lead to some inherent problems.

Here is a scenario...

Two flat fee company charges $3000 for each listing sold.

Both company nets $2500 per selling after fixed expenses.

Both companies create internet and signage advertising that create one closed transaction for every 30 days any of the listings is advertised.

Company A takes 30 listings and sells 25 over the course of the year. The average days on market (including expireds) is 60 days. As a direct result of the listing advertising, the company generates 60 closed buyer transaction at an average of $6000 GCI.

Seller GCI $75000
Buyer GCI $360,000
Listing Expenses - $15000

Broker A Net after Listing Expense $420,000

Company B takes 45 listings and sells 40 over the course of the year. Their average days on market is 30 days. As a direct result of the listing advertising the company generates 45 closed buyer transactions at an average of $6000 GCI.

Seller GCI $120000
Buyer GCI $270,000
Listing Expenses - $22,500

Broker Net after Listing Expense $367,500

Company B offers much better results than Company A for their Listing Clients. Company A is more profitable. Classic example of adverse selection.

The flat fee company who has a profit center that is dependent on selling homes listed by full service firms has a economic disincentive to sell their own listing faster.
Posted by: gawdzzzla

Re: assist 2 sell or 1 percent realty? - 12/30/05 10:40 AM

rwilson, that's an excellent example of two similar commission models with two different marketing but it appears based on your last statement that your example rests on the assumption that flat fee can't be full service.

""""The flat fee company who has a profit center that is dependent on selling homes listed by full service firms has a economic disincentive to sell their own listing faster."""""

The bottom line is in the marketing of the different listing brokers and some are known to offer no marketing except the mls. But a listing without marketing isn't limited to a discount company. We see thousands of houses everyday marketed by full service that offers equally miserable marketing which brings up the original question I asked about the specific marketing activities that one would expect from 6% and 3000 + mls.

Are there signficant differences in the marketing result or just higher cost activities?
Posted by: rwilson99

Re: assist 2 sell or 1 percent realty? - 12/30/05 12:17 PM

Quote:
Originally posted by gawdzzzla:
rwilson, that's an excellent example of two similar commission models with two different marketing but it appears based on your last statement that your example rests on the assumption that flat fee can't be full service.

""""The flat fee company who has a profit center that is dependent on selling homes listed by full service firms has a economic disincentive to sell their own listing faster."""""
The example is of two companies with the SAME COMMISSION FLAT FEE MODEL. The only variables are DOM and listing volume.

The Flat Fee Company that cooperates aggressively with other agents incurs additional expenses that can harm their bottom line by reducing their DOM and the buyer leads that drive revenue.

The assumption of the consumer is that the Flat Fee or Discount Models benefit from additional listing volume.

In fact, the example shows the volume doesn't neccessarily have to come from listings and it is much easier for the Flat Fee or Discount company to generate revenue with other profit centers (mortgages, buyer leads) with a longer DOM

A higher DOM creates additional mortgage and buyer leads for the discounter. A company following this commission model has little to gain by selling thier own listings faster by agressively cooperating brokers. (returning calls, providing quality information in MLS)

A sold home eliminates a source of buyer leads.
A home sold with a cooperating agent eliminates a potential mortgage lead.

Discounters and Flat Fee companies often make charges that other brokers refuse to show their listings and that this leads to a longer DOM.

What they don't tell the consumer is... the higher DOM can help the discounter/flat fee company generate buyer/mortgage revenue and earn more profits.

While I'm not saying any flat fee/discount company actively and deliberately engages in this type of behavior, the company compairison shows that the model can be abused to the detriment of the consumer who is agressively lured with a offer to save money.
Posted by: gawdzzzla

Re: assist 2 sell or 1 percent realty? - 12/30/05 02:30 PM

"""""The example is of two companies with the SAME COMMISSION FLAT FEE MODEL.""""

That's true but it's the marketing that will seperate what the seller gets. We can't assume that every flat fee company will offer the same quality when we have 6% full service that offer equally bad service.

I disagree that every discounter makes their money from outside revenue any more than traditional full services making money on title, mortgage, and closing costs. Why is it ok for 6% full service to profit from other services but all of the sudden it's a potential problem when offered by a discount broker?

The big name 6% brokers have been offering one stop shopping for years why can't discount brokers do the same? The potential problem is
there for the industry as a whole not an isolated case applying only to new discount models.
Posted by: rwilson99

Re: assist 2 sell or 1 percent realty? - 12/30/05 10:42 PM

Quote:
Originally posted by gawdzzzla:
"""""The example is of two companies with the SAME COMMISSION FLAT FEE MODEL.""""

That's true but it's the marketing that will seperate what the seller gets. We can't assume that every flat fee company will offer the same quality when we have 6% full service that offer equally bad service.
It's not the marketing... it's a closed transaction where the seller is kept informed and the seller's interests are protected throughout the process is where the value is created.

The flat fee agent/broker has an economic disincentive to devote additional time and resources to a difficult closing. The longer the listing stays on the market, the longer the listing can produce profitable buyer leads for the brokerage.

There is a reason the vast majority of the discount companiees will not represent clients as a fiduciary, and it is because their profitability is not tied to the success of their listing clients.

(Yes. Full Service companies fall into this category too, but these companies do not complain to the DOJ about boycotting and to NAR about ethical implications of buyer's agents not representing clients best interests)

The best way to discuss how to protect the interests of the consumer when it relates to discount/flat fee companies is to discuss a company that does a wonderful job for consumers and that is BuyOwner.

BuyOwner has been around Tampa for 20 years, performing advertising and marketing services for home owners who feel they are the expert when it comes to selling their own home.

Here is why I like BuyOwner...

They don't trash the Real Estate industry. Thier advertising is largely a positive appeal to educated home sellers who want to properly market their home and make sure they have the forms they need available.

They make it clear that the seller is not using an agent, and is the expert in the transaction. Ad copy like "No one knows how to show your home better than you," makes it very clear who will be showing the property and doing the work.

They have a menu of advertising plans that allow the seller to promote thier home as they wish. This is what they advertise and this is BuyOwner core business where they make their money. While a BuyOwner client may take advantage of title and other services... it is not a requirement to use what is an advertising agency to help market thier home.

Finally, BuyOwner does not engage in non-broker, brokerage. LIimited service brokers use a professional information exchage, the MLS, while absolving themselves of professional responsibility to the transaction confuse consumers which are leading to changes in minimum service laws througout the country. The idea behind BuyOwner, is that you don't need an agent.

BuyerOwner is very ethical and straight forward about the services they provide to consumers who want choices. They don't claim to be the same... in fact thier unique selling proposition is that they are different.

There is no bait and switch with BuyOwner, the vast majority of their clients simply pick from the advertising options.

They don't entice people with a flat/low fee and then explain the co-broke later. They are not dependent on generating buyer business or mortgage business to have a successful operation.

Finally, when the market punishes full service agents when they provide poor service no one sheds a tear for them. When discounters face low market share and an inability to dominate the marketplace in an industry where quality service is more important that simply price... no one should shed a tear for them either.
Posted by: gawdzzzla

Re: assist 2 sell or 1 percent realty? - 12/30/05 11:29 PM

That's because buyowner.com isn't much of a threat to realtors. Realtors have not had problems iwth fsbo mags or sites because they're not a threat. It's unlikely most realtors in general will ever speak kindly of any discount model no matter how good they become. The discounters complaining to the doj just as the non discounters are complaining and screaming on discussion boards.

You seem quite happy with buyowner advertising but did you not find a problem with this?

""""""On the following pages you will be able to create your very own Internet Property page just like you see on our website!

The moment you are approved by our friendly Customer Service Representitves you will be displayed to the world. With over 140 million hits a month you will start receiving calls in no time!

The cost of a full service Internet listing is $1599 """"""

FULL SERVICE internet listing for 1599? Full service? You don't have a problem when a fsbo company uses the word full service but when a discount company does anything close it's doomsday. That's interesting.

Everything you've brought up to this point I've seen commited by full service too so I don't see the point being made. You say that flat fee companies are not interested in selling their own listings and what percentage of full service actually sell their own listings? How many sellers want dual agency? How many full service out there offer one stop shopping?

You've brought up some good points but can be selectively applied to both discount and not discount brokers.
Posted by: Orangecrest

Re: assist 2 sell or 1 percent realty? - 12/30/05 11:32 PM

Quote:
Originally posted by gawdzzzla:

I disagree that every discounter makes their money from outside revenue any more than traditional full services making money on title, mortgage, and closing costs. Why is it ok for 6% full service to profit from other services but all of the sudden it's a potential problem when offered by a discount broker?
So what you are saying is that a brokage makes money on title and mortgage?

Is this something that your brokage does?

Exactly how do you make this money through title and mortgage?
Posted by: gawdzzzla

Re: assist 2 sell or 1 percent realty? - 12/30/05 11:38 PM

"""""""So what you are saying is that a brokage makes money on title and mortgage?

Is this something that your brokage does?

Exactly how do you make this money through title and mortgage?

[ 12-30-2005, 11:33 PM: Message edited by: Orangecrest ]"""""""

Did you just get home from the bars? I never said anything about making money from title or mortgage. That's what rwilson is accusing discount companies of doing. It's nice that you conveniently skipped answering a bunch of questions now back at 360ing last weeks discussion. Hey OC you're such a great agent it seems it's a good thing you have the right kinda connections to get houses sold.
Posted by: rwilson99

Re: assist 2 sell or 1 percent realty? - 12/31/05 12:47 AM

[QUOTE]Originally posted by gawdzzzla:
That's because buyowner.com isn't much of a threat to realtors.

Most discounters aren't a real threat to solid brokerages either.

The top listing brokerage in my market is #1 in listing volume and #7 in sales (think about the long term consumer issues for a company with those results). The amount of advertising they do actually raises the cost of entry in our market for discounters that lead with commission discounts.

Despite outspending every brokerage in town on broadcast advertising... they can only generate about 7% market share with an average sale that trails the area by 15-20%.

Realtors have not had problems iwth fsbo mags or sites because they're not a threat. It's unlikely most realtors in general will ever speak kindly of any discount model no matter how good they become.

The whole concept of "the innovative discount model" is largly bogus. It's dependent on the support of the MLS by full service brokerages, the sale of full service listings by buyer's agents at the discounter or the sale of bundled services which prevent the discounter from representing the seller as a fiduciary.

If the discounters began to dominate the market place and actually put a couple of large brokerages out of the market.... who would make up the dues shortfall at the local assocation that funds the MLS?

The discount brokerage survives because of two things.

1. The efficiency of the MLS, a system they did not create, nor could they maintain independently of full service brokerages.

2. A rapidly appreciating seller's market.

You seem quite happy with buyowner advertising but did you not find a problem with this?

""""""On the following pages you will be able to create your very own Internet Property page just like you see on our website!

The moment you are approved by our friendly Customer Service Representitves you will be displayed to the world. With over 140 million hits a month you will start receiving calls in no time!

The cost of a full service Internet listing is $1599 """"""

FULL SERVICE internet listing for 1599? Full service? You don't have a problem when a fsbo company uses the word full service but when a discount company does anything close it's doomsday. That's interesting.


I can also get FULL SERVICE at select gas stations... doesn't make them a Real Estate Brokerage.

The words FULL SERVICE don't really have any meaning.

The word REALTOR has a meaning... The MLS should not be used by licencees who use legal loopholes to absolve themselves of all professional responsibility.

When a REALTOR advertises for listings they should not attack other brokerages while failing to disclose their survival is dependent on these other brokerages and their profitability is dependent on the completion of additional business that may or may not be in the best interest of the seller.

Everything you've brought up to this point I've seen commited by full service too so I don't see the point being made. You say that flat fee companies are not interested in selling their own listings and what percentage of full service actually sell their own listings? How many sellers want dual agency? How many full service out there offer one stop shopping?

I never said that a discounter has no interest in selling their own listings. In fact, if their profit center is home mortgage the opposite is true. However, they it may be more profitable to let them stay on the market longer if the profit center is buyer leads. Regardless, if the profit center is not the closed transaction for the seller, their can be issues with adverse selection. As a result, I doubt you can find any major discounter that will represent a seller as a fiduciary under any circumstance.

You've brought up some good points but can be selectively applied to both discount and not discount brokers.

The problems are deception, dishonesty, irresponsibility and false advertising.

If a full service agent disappears after taking a listing... that is deceptive. When a discounter attacks the brokerages that they are dependent on for thier low cost access to the MLS... that is dishonest. When a Realtor enters a listing into the MLS without ever having seen the property... that is irresponsible. When you have to agree to sell your home 2% below market price in order to get a advertised commission rate... that false advertising.

Let me know when you find a discount brokerage, defined as a real estate brokerage whose primary advertising copy is price driven, that will represent a client as a fiduciary, I'll be very impressed.
Posted by: gawdzzzla

Re: assist 2 sell or 1 percent realty? - 12/31/05 06:55 AM

"""""Most discounters aren't a real threat to solid brokerages either.""""

Yep you're right. We touched on this a bit earlier. Many of them are simply replacing the fsbo market.

"""""Despite outspending every brokerage in town on broadcast advertising... they can only generate about 7% market share with an average sale that trails the area by 15-20%.""""

How's homediscover.com doing in your area? I saw that they're doing something like 2000 listings at any given time. How many companies can pose
no threat but single-handedly service 7% or 2000 listings in a market?

"""""The whole concept of "the innovative discount model" is largly bogus. It's dependent on the support of the MLS by full service brokerages, the sale of full service listings by buyer's agents at the discounter or the sale of bundled services which prevent the discounter from representing the seller as a fiduciary.""""""

If they can do this legally what a novel idea!

"""""I can also get FULL SERVICE at select gas stations... doesn't make them a Real Estate Brokerage."""""

We are not discussing gas stations. Buyowner.com helps people buy and sell houses and using "full service" to describe what they do. You don't have a problem with them but you have a problem with real estate companies that call themselves a discounters and piecing the services they offer?

"""The problems are deception, dishonesty, irresponsibility and false advertising."""

Show me a single real estate company that has done this and getting away by breaking laws. If they're breaking laws with all the deceptions you claim why don't you go and report them to the authorities?

Instead of getting put in prision it's interesting how these lawbreakers are getting their support from the feds.

"""""When you have to agree to sell your home 2% below market price in order to get a advertised commission rate... that false advertising.""""""

What proof do you have? I've never seen a company that asks people to sign a listing agreement for 2% less than market price. I can't imagine the ftc and feds would allow this kind of stuff to happen in real estate.

""""""Let me know when you find a discount brokerage, defined as a real estate brokerage whose primary advertising copy is price driven, that will represent a client as a fiduciary,
I'll be very impressed.
"""""""""

I doubt you will or could ever be impressed by anything that is outside of your current thinking.

I don't have all the answers as I'm trying to learn too. You say discounters are attacking fixed priced brokerages but the only attacks
here are generally from fixed pricers.

If you don't like discounters that must mean you are a fixed price company.

All I know is the market is forcing agents to use email to conduct business and now it's forcing full service professionals to find ways to cut costs and save money.
Posted by: Alan From Florida

Re: assist 2 sell or 1 percent realty? - 12/31/05 07:31 AM

Whatís really interesting is how many of you antiquate MLS with full service. It seems that some of you are saying is that if you place a property in MLS then its Full service. Itís also so interesting that some of you can not seem to ever get out of the bad mouthing trash talking marking They are crap but I am no better but come list with me of your competition even when you are here just talking with other agents from all different walks of life and all different models. Some of you need to get a life and if thatís how you get clients fine then do it in front of potential clients but why here talking with your competition. Its no wonder that 80% of you do not make it into your third year and 70% are out of bussiness every three after that. And 50% of you are changing offices every year. Instead of bad mouthing, trash talking how about just working your plan.
Posted by: A & M Team Properties, Inc.

Re: assist 2 sell or 1 percent realty? - 12/31/05 08:17 AM

Well we have worked with discount Brokers on more than one occasion, and all I have had is bad experiences. The first one - I attended the inspection with my buyer, and the selling party was stunned, they told me they had only seen their agent once (that was the day they signed the contract), and heard from him like 2 since on the phone. When closing came he showed up late, we had already agreed that the seller would give a concession for carpet, because they had installed the wrong type...lol If it had been me or any other decent REALTOR then he would have helped his client. hen he did arrive he recieved his money and left!!! Now that's service.

The other occasion we delt with one the home owner he was working for said outright "Never Again" "NO Service, NO Nothing".....LOL

So Go be a discount broker...... We need fewer Real REALTOR anyway....Makes us look better!!!!
Posted by: Orangecrest

Re: assist 2 sell or 1 percent realty? - 12/31/05 08:35 AM

Quote:
Originally posted by gawdzzzla:
Hey OC [b]you're such a great agent it seems it's a good thing you have the right kinda connections to get houses sold. [/b]
I'm not a great agent, I just do my job the way it is suppose to be done. So naturally things happen the way it is suppose to happen.

I go in there to sell the house as I was hired to do, and it happens.

As for connections... Every agent in the industry is my connection, because everyone gets what they deserve and are owed.

I don't over pay, I don't under pay... I do a even 50/50 split, and I help the opposite agent out as much as I can in order to close the deal.

That's what being a REALTOR is suppose to be all about.
Posted by: Orangecrest

Re: assist 2 sell or 1 percent realty? - 12/31/05 08:48 AM

Quote:
Originally posted by Alan From Florida:
And 50% of you are changing offices every year.
Just curious why you left Coldwell Banker...
Posted by: Alan From Florida

Re: assist 2 sell or 1 percent realty? - 12/31/05 09:16 AM

Quote:
Just curious why you left Coldwell Banker...
I was at the Gulf to Bay location for ten years. But why I changed
Two reasons one this is a brand new office 4 blocks from my personal home. The old office was a 20 min drive. And two and most important my currant broker is my old my old Regional Vice President when we was Prudential Florida before it was sold to Arvida. It does not get any better then working with her, with a top branded name like Prudential, and 4 blocks from my personal residence. Oh and did I mention we are right out side Countryside Mall. The major mall in our county. The walk in's alone has made it worth it. Especially Fri and Sat eves. We have Grillsmiths two doors down. Those people have a two hour wait to eat. I have a captive audience so to speak. I get a few good leads doing floor time then. And they have been high end as well. I have been in seventh heaven since joining here. Since this was a new office Ginger(my broker) insured that we have all the new tecky stuff too. Plus imagine working with a buyer/seller they come into your office to meet you and you take them into the conference room. Freshly painted walls, new flooring, new tables, chairs, even new computer/printer set up. Add to that to give them directions I just say we are right by Countryside mall next to Starbucks and everyone knows where you are at. Having Starbucks next door has also been a plus. Imagine working with a client and you are writing up an offer and they want something to drink maybe a cup of coffee. Instead of runing to the office brewed stryo cup instent cream stuff. I run next door and bring back a freash brewed cup of cappacino or Latte. Need I say more???
Posted by: Orangecrest

Re: assist 2 sell or 1 percent realty? - 12/31/05 09:50 AM

Quote:
Originally posted by Alan From Florida:
Need I say more???
Smart Strategic move indeed...

Perfect example of a calculating REALTOR which lies within the traditional industry.

This is a perfect example of a thought out business plan that brings in clients.

It is all psychological...
Posted by: gawdzzzla

Re: assist 2 sell or 1 percent realty? - 12/31/05 01:44 PM

OC, am I correct to assume you work for a fixed price broker?

Show me a single discount real estate company that isn't doing what they're supposed to be doing. If they're breaking laws with all the deceptions you claim why don't you go and report them to the authorities?

Why are the feds on their side? I challenge you and anyone else on here to report a single incidence where these discount companies are breaking any laws that you people have claimed.

You might not like them or their business models but nothing in their actions is illegal or they would all be in prisons.

If you want to know what a realtor is supposed to be start by not bad mouthing other realtors.
Posted by: Orangecrest

Re: assist 2 sell or 1 percent realty? - 12/31/05 04:31 PM

"...OC, am I correct to assume you work for a fixed price broker?..."

I think you need to read my post again, isn't it obvious who I work?


"...breaking laws with all the deceptions you claim..."

Hmmm... Don't recall saying anyone was breaking any laws...


"...Why are the feds on their side?..."

Not understanding how the industry really run and because it drives prices down and creates competition which prevents prices skyrocketing...

"...If you want to know what a realtor is supposed to be start by not bad mouthing other realtors..."

I don't bad mouth anyone I consider as being a REALTOR...
Posted by: gawdzzzla

Re: assist 2 sell or 1 percent realty? - 01/01/06 09:08 AM

""""I think you need to read my post again, isn't it obvious who I work?"""""

You call other people discounters so it's clear you want others to fix their price like you. I believe that's a federal crime. Why don't you go run your business the way you do and let others run their business. We don't need you to encourage us to fix our commissions by labeling others discounters.

""""Not understanding how the industry really run and because it drives prices down and creates competition which prevents prices skyrocketing...""""

So now you say the feds don't know what they're talking about. But price fixers do?
Posted by: Orangecrest

Re: assist 2 sell or 1 percent realty? - 01/01/06 09:35 AM

"...So now you say the feds don't know what they're talking about. <b>But price fixers do?<b>..."

Ahhh... At least you think you know what you are talking about...
Posted by: gawdzzzla

Re: assist 2 sell or 1 percent realty? - 01/01/06 09:48 AM

I might not know what I'm talking about but my gosh I love it when the federal government is on my side.
Posted by: Orangecrest

Re: assist 2 sell or 1 percent realty? - 01/01/06 06:08 PM

So you may think...

Have you read the thousands upon thousands of pages of court docs in which the Government and NAR have presented, or are you getting the narative version from your local newspaper?

How many hours do you have logged sitting within the courtrooms?

I think it is the funniest thing when news reporters put so much weight into a local real estate agent/REALTOR, or the NAR or their representing boards; what do you think they are going to say?

News agencies love drama, don't put all you eggs in the same basket, you are liable to be taken by surprise.
Posted by: Orangecrest

Re: assist 2 sell or 1 percent realty? - 01/01/06 06:35 PM

Quote:
Originally posted by gawdzzzla:
You call other people discounters so it's clear you want others to fix their price like you. I believe that's a federal crime. Why don't you go run your business the way you do and let others run their business. We don't need you to encourage us to fix our commissions by labeling others discounters.
What is my fixed price? What is yours?

Mine is negotiable by law, when you send out flyers or paint on the side of VW's $2995, $4995, $3995, that is fixed.

The only problem I have with discounters is the situation they put their clients into, not commissions.

I could careless if you paid them to sell their house, just don't tell your client you are a full service brokage and give them self service.

Putting a sign in their front yard, posting it to the MLS and even doing the paperwork does not in anyway make you full service, even throwing in a Open House here and there make full service either...

If you feel you are doing your client a service, and maybe you are I haven't observed your practice, be proud of yourself; but from my research on how to obtain more clients by learning from others mistakes, who do you think most of my "Do Nots" come from?

I have researched my end, now research as to why discounters crash and burn more than anyone, and don't give me the B.S. story that other brokages and the sort ignore your listings, truely take the blinders off and see what the unbiased reason is...

I posted one listing where HUS failed to sell a house, a unmotivated traditional failed to sell the same house and then a traditional stepped in and sold it...

I know the back ground on this house, because I inspected this house when it was under the second round... I already had the do's and do not's listed as to why it wasn't selling, but I can safely assume as to why you believe it didn't sell the first time.

Research, Research, Research... I know you are probably swamped with listings, but this is why I don't overload myself with listings, I can stay up to date to protect my clients.
Posted by: gawdzzzla

Re: assist 2 sell or 1 percent realty? - 01/01/06 06:49 PM

"""""Mine is negotiable by law, when you send out flyers or paint on the side of VW's $2995, $4995, $3995, that is fixed.""""""

Which of the three prices above is fixed?

I'm a little concerned about you. You call people discounters but you don't know where it's discounted from?
Posted by: Racehorse

Re: assist 2 sell or 1 percent realty? - 01/01/06 07:30 PM

Hello all! I just got my broker's license two weeks ago, after four years as a full service agent. This has been an interesting string, as I am trying to decide whether to go with a traditional franchise or the "discounters". I haven't heard much about Help U Sell. How are they different from Assist 2 Sell? They both are ramping up rapidly, doubling their franchisees in 2005 alone.
Posted by: Orangecrest

Re: assist 2 sell or 1 percent realty? - 01/01/06 08:57 PM

Quote:
Originally posted by gawdzzzla:
Which of the three prices above is fixed?

I'm a little concerned about you. You call people discounters but you don't know where it's discounted from?
The three prices are from a scale from a flyer of a discounter...

$4,995 comes from a A2S VW Bug that is "PAINTED" on its side. When do you think that he will be painting it next?

These are "FIXED" in cement, or in other words, Paint and Ink.

Where was the term, "Discounter," derived from? Me?

"...you don't know where it's discounted from? ..."

You are correct... As a member of society, I am under the assumption that this is your full servive fee, since on the side of the VW it states that friends don't let friends pay 6%, and state that they were full service.

That would be reffering to me; therefore, when all bunched together he said he will give the exact service and results for $4,995 as I would give and get at 6%.

Only thing is, my is negotiable by law and my clients know this, the $4,995 is painted on the side of the car and mentions nothing to effect of negotiable and does reffer to 6% and full service which means exact service for $4,995.

Now that is concerning....

Again, I don't care what you or anyone charges, and I am not here to influence anyone, as you state,"Fix Rates."

I am here though attempting to protect the public which as a REALTOR I am to do according to my Code of Ethics.
Posted by: BayRE

Re: assist 2 sell or 1 percent realty? - 01/01/06 11:40 PM

You basically get what you pay for, and seller/buyers know this. Ofcourse there are bottom feeders in every market. If they can provide good service, drive home in their used Hyndai and feel like a professional - more power to them.

Dollar for dollar a client get's better service and better value with a good full-service agent. In our market, most of these discount brokers actually market homes poorly, have clients do much of the work, and sell the home for less and are more like used car sales people. I actually had an assist-2-sell agent tell my client (actually called him at home) and said he would only accept offers if he represented them, my clients told him to take a hike. Not only is it low-life tactics not work, they backfire on such agents. I have never seen that in a Remax, Coldwell Banker, APR, or Keller Williams Agent. Most people that go to these discount places, can't cut it at 'real' firms. So the only thing they can offer is the dime out of their pocket.

Frankly, it's good to have them in the market, so the bottom feeders go to them and make them work for the 0.5% they take home.
Posted by: Alan From Florida

Re: assist 2 sell or 1 percent realty? - 01/02/06 07:15 AM

Quote:
Bayre wrote:
You basically get what you pay for and seller/buyers know this
In general you are correct, However not all sellers/buyers know this. However to add a lot is guilded by pure greed. A lot of sellers/buyers want something for nothing. A lot of agents want to make more then what they are worth.
Quote:
Bayre wrote:
Dollar for dollar a client get's better service and better value with a good full-service agent. In our market, most of these discount brokers actually market homes poorly, have clients do much of the work, and sell the home for less and are more like used car sales people.
In theory and generally yes. However I have scene many a so call full service broker/agent charge high commissions and deliver nothing more then sign, mls, and a few phone calls. However is a reason why when an agent does in fact do full service and marketing them usually last the longest in this business. I run my business by always trying to deliver just a little more then I promised
Quote:
Bayre wrote:
Frankly, it's good to have them in the market, so the bottom feeders go to them and make them work for the 0.5% they take home.
Agreed and also they really do not make money in this bussiness and they will leave.

Quote:
Racehorse wrote:
Hello all! I just got my broker's license two weeks ago, after four years as a full service agent. This has been an interesting string, as I am trying to decide whether to go with a traditional franchise or the "discounters". I haven't heard much about Help U Sell. How are they different from Assist 2 Sell? They both are ramping up rapidly, doubling their franchisees in 2005 alone.
I do not think in general one is better then the other. I can only speak about both in terms of how they are in my market (Tampa-Bay Fl) if you are thinking about joining them I would go and sit down and talk with each broker. See if their program suite you personally. From what I have scene Assist2Sell is not all that bad. They are getting a lot of heat because they offer this $3000+MLS program that is not being received all that well by traditionalist brokers. Help-U-Sell is more of a FSBO company. A lot of their listing does not even get into MLS. In fact many all they get is a sign and ad on their web site. And everything is extra. You just have to realize also just because of their programs they also will attract the lazy hang my license anywhere agents. But then again they do have some good agents their as well. Just if you do sign with them be prepared for that type of co-agents in the office. That has been my biggest complaint about these so call discount as well as 100% commission split offices. Now I am not saying their program is bad or good. However what I am saying the broker who offers it really needs to insure that the agent that he gives it to is qualified to work in that environment. And they do not. We have the only profession where the boss (broker) does not really interview to see if the applicant is right for the company. This is the only profession where you go on an interview and have the job before you ever get thru the door.
Posted by: gawdzzzla

Re: assist 2 sell or 1 percent realty? - 01/02/06 08:04 AM

I think dollar for dollar people are going to choose a low price. That's where top producing agents need to show dollar for dollar how they are better. People are picking agents on a dollar for dollar and less on promise for promise basis. The way I see it the only two groups that are marketing themselves are full service providers that dollar for dollar can justify their 6-7% and the dollar for dollar discount brokers that are saving people money.

That means a lot of in between agents ( 40-60% ) will be heading out of business soon which means discount brokers will be told to rot in hell more and more in the coming days.

The market is pretty clear you either go to the top or you sink to the bottom. The people that will be laughing all the way to the bank is the discount brokers and the true full service providers which has little to with what they charge.

There's no fake firms or real firms in this business. The big boys are already prepping themselves up for both markets. Basically dollar for dollar the middle group of agents ( which includes most ) aren't giving people dollar for dollar value.
Posted by: Pikes Peak

Re: assist 2 sell or 1 percent realty? - 01/03/06 01:59 PM

And why is the co-founder of zip realty working for prudential? Could it be he is making more $'s there?
http://rismedia.com/index.php/article/articleview/13003/1/1/
Posted by: gawdzzzla

Re: assist 2 sell or 1 percent realty? - 01/03/06 02:37 PM

I'm sure he's making more money question is is prudential wanting to adopt or add ziprealty's model?

This brings up another pt. What would you do if homepages.com and all the lead sites begin to ditch agents and become ziprealty/discount sites?
Posted by: Ben34105

Re: assist 2 sell or 1 percent realty? - 01/03/06 02:44 PM

Quote:
Originally posted by gawdzzzla:
This brings up another pt. What would you do if homepages.com and all the lead sites begin to ditch agents and become ziprealty/discount sites?
Good agents don't rely on lead sites, they realize this is a business and you have to generate your own leads. It wouldn't affect my bottom line one bit.

Discounter! Oh boy, I used the "d" word.
Posted by: gawdzzzla

Re: assist 2 sell or 1 percent realty? - 01/03/06 02:52 PM

How would you explain when there are million dollar earners using some of those sites ...housevalues, homepages,etc...?

I look at lead sites as postcards. How many post cards to you send out to get one sale?

How many leads from housevalues do you need to turn to one sale?

How many doors would you have to knock to get one listing?

If you can get your own leads that's better but it never hurts to get from multiple sources.
Posted by: Pikes Peak

Re: assist 2 sell or 1 percent realty? - 01/03/06 03:16 PM

Quote:
I'm sure he's making more money question is is prudential wanting to adopt or add ziprealty's model?
I'm sure they are to some degree, but at whose expense? I bet it's not management.
Posted by: Alan From Florida

Re: assist 2 sell or 1 percent realty? - 01/03/06 03:18 PM

Quote:
pikes peak wrote:
And why is the co-founder of zip realty working for prudential? Could it be he is making more $'s there?
And your point and question is????????????What does that have to do with this topic.

Quote:
Ben34105 wrote:
Good agents don't rely on lead sites, they realize this is a business and you have to generate your own leads. It wouldn't affect my bottom line one bit.
Ben this is the first time I disagree with you but only to a small point. Yes this is a bussiness where one generats there own bussiness and as such leads. Would not lead sites be part of ones bussiness plan. Although I agree that if one depends on those for bussiness they would go broke. Um maybe thats why we call them brokers? But if its profitable then why would not a top agent use the services of a lead site??
Quote:
gawdzzzla wrote:
I look at lead sites as postcards. How many post cards to you send out to get one sale?

How many leads from housevalues do you need to turn to one sale?
Agreed but to add I look at it as a cost factor. What does it cost to get the lead and at the end of the day did it pay for itself in a possitive way. Its pretty simple if its profitable then I do it if its not then I don't. I have tried most of them. Some even though they only produce a sale every year or so they justify the cost. Some do produce a sale every month however the cost to get the sale was not worth it. The key try it keep records and do the math.
Posted by: Ben34105

Re: assist 2 sell or 1 percent realty? - 01/03/06 03:24 PM

Alan I can definately see where you are coming from. My statement was to generalized. I personally do not believe in lead sites. I feel if the montey was spent sending postcards or placing ads you could get a better response. It's like the agents who complain they don't get enough floor time or the broker doesn't supply them with leads. I don't feel sorry for those agents when they go broke, it's their own fault for not getting out there.
Posted by: Alan From Florida

Re: assist 2 sell or 1 percent realty? - 01/03/06 03:53 PM

Ben
As to most of those lead sites I took a different approach. I use top producer and as such I created a web page that inputs a potential clientís info directly into my database. I tied that to my web page and its own domain using forwarding. Now what I do is instead of paying for those lead generating sites I place an ad free over the net home evaluation. Is that not what those lead generation sites do. I tried homevalues and they provided the site made me paid for a zip code and then market their site to push people into my zip code. With my system I do not worry about the zip code (Its mine so I have all of them) and Walla. If itís in my market place I use topconecter input 3 sold and 3 actives and my send them my presentation. Takes all of 2 min. But now they are in my database. Yes probably 80% go nowhere but 20% do and again I get all the leads for every zip code.
Posted by: Ben34105

Re: assist 2 sell or 1 percent realty? - 01/03/06 04:24 PM

I have a very similar set up to you. I have a program called tool kit and use Brian's PMC. You search the MLS for comps and export them directly to tool kit. It makes up a nice 12 page booklet (whole listing presentation), our office has a binding machine, then just drop it in the mail. It's pretty quick and painless. I'm working on a LC page to run an ad advertising the free evals. What kind of response do you get?
Posted by: Pikes Peak

Re: assist 2 sell or 1 percent realty? - 01/03/06 04:26 PM

quote:
--------------------------------------------------------------------------------
pikes peak wrote:
And why is the co-founder of zip realty working for prudential? Could it be he is making more $'s there?
--------------------------------------------------------------------------------

And your point and question is????????????What does that have to do with this topic.

I thought the topic was discount models, if not, disregard.
Posted by: Alan From Florida

Re: assist 2 sell or 1 percent realty? - 01/03/06 05:22 PM

Quote:
I have a very similar set up to you. I have a program called tool kit and use Brian's PMC. You search the MLS for comps and export them directly to tool kit. It makes up a nice 12 page booklet (whole listing presentation), our office has a binding machine, then just drop it in the mail. It's pretty quick and painless. I'm working on a LC page to run an ad advertising the free evals. What kind of response do you get?
Well it takes about six months to a year of cultivating. But the response is about 1 in 10. to respond and then about 1 to ten of the responders to actual list. Most are just looking for a value for refinance. However I have gotten some nice referrals from the original request. But with mine its email so I do not have any additional costs other then time and some advertisements. And I did notice that they do go back from time to time and look at my original presentation. With TP I wrote nice email drip campaigns so after the initial email CMA the system then sends out the emails automatically for me. However itís real hard to calculate for I have noticed that many of my presentations get forwarded and forwarded many times. I have even gotten buyers off a presentation I sent out a couple of years ago and the client did not even know the original person who requested it.
Posted by: Ben34105

Re: assist 2 sell or 1 percent realty? - 01/03/06 05:28 PM

I like the e-mail idea. I have PDF printing software on my computer. I could just print to PDF and away it goes and follow up with autoresponders. Maybe I could send the high dollar ones in the mail for a better impression. Your reports must be pretty impressive to be passed on.
Posted by: Alan From Florida

Re: assist 2 sell or 1 percent realty? - 01/03/06 05:55 PM

Ben thats in general what I do execpt on the high end I actually burn it into a 5 CD's and send the CD out. Why five I find people love them and they pass them out for me to every one they know. Its unique and to them very Hi-teck and up to date. I used to use the smaller 8mm CDs. However I can not find the lables for them anymore. Those costs a little more but I found out they was more of a novilty and got passed out more. Plus I found they actually saved them for years.

Hey its more effective when you can get others to do your marketing for you. Its almost like refferals.
Posted by: Ben34105

Re: assist 2 sell or 1 percent realty? - 01/03/06 06:22 PM

I am definately going to implement your method. Are you talking about those business card CDs that are basically rectangular? When you put them on CD do you have a power point type presentation that auto runs or is it a text file? I bet you could even put a link on the cd that would lead them directly to your website. We need to talk more, you have some good ideas.
Posted by: Alan From Florida

Re: assist 2 sell or 1 percent realty? - 01/03/06 06:32 PM

I use two different ones. One is as you say done in power point. That is customised to their home and their name. If you save the presentation as a pak kias it runs as a html web site. The other is my web site. I have it done in Flash for this very reason. I can download it to a cd with the property files it runs as web site off a cd. The min 8mm CD also comes in smaller round ones that its in the smaller try to most CD readers. I get them at Office depot and CompUSA and Staples. They are relitivly easy to find. Its the lables that is hard.
Posted by: gawdzzzla

Re: assist 2 sell or 1 percent realty? - 01/03/06 06:48 PM

Alan, funny thing you two are discussing cd cards. A few days ago I started a thread on getting new business cards, whether to use photos, or brand the web address...housevalues/homepages/larrysellsnicehouses.com, etc..etc..

I was just thinking about buying a fancy domain name and centering all my marketing on that domain. Each agent in the company would market the same site but coded to the individual agent.

If you don't mind, may I ask why you wouldn't just create an attractive business cards with your website address instead of a CD card? I thought it might cut costs, less likely to damage and easier to update only the website.
Posted by: Alan From Florida

Re: assist 2 sell or 1 percent realty? - 01/03/06 07:19 PM

Quote:
I was just thinking about buying a fancy domain name and centering all my marketing on that domain. Each agent in the company would market the same site but coded to the individual agent.
Actual I have several domains and code it very detailed to what type of client I want. Such as waterfront, high end, mid range, investor etc. As an investor seller and or buyer wants and needs different information then say a luxury. Its much more effective.

Quote:
If you don't mind, may I ask why you wouldn't just create an attractive business cards with your website address instead of a CD card? I thought it might cut costs, less likely to damage and easier to update only the website.
You right it is a little cheaper however its different and being a little different keeps my name in front of potential clients more. Doesnít every agent pass out business cards? You have to at times dare to be differenet. Look at this thread. Good bad or indifferent has not Assist2Sell had a lot of people talk about them here. Thatís my goal to get people to talk about me but in a positive manner. I am known as the CD and candy man. Opps sorry that one more thing I give out to actual listings. Chocolate candy bars with customized labels. I actually have potential sellers calling me for them and asking for them. "I heard about your candy bars can I have one?". I reply lets talk about what I can do to sell you home. Hey this is not real rocket science. I do things just to be different and most important anything I can do in a positive way to be remembered and talked about. The best listing appointment one can go on is when someone else says to talk with this person. I do what ever I can to get others to do that. Itís like I said I do what is effective and has a positive return. Is that always the cheapest no? The big difference is I am getting them to pass them out not me. Think about if you had a friend and you were talking about selling you home and your friend says here is an agent I know and gives them my CD. So the CD cost is 50 cents. Hey do we pay referral fees. Is not 50 cents cheaper then a 30% referral. That not that I have a problem with paying referrals. If you have a referral to or from the Tampa-Bay area I happily pay a referral.

On a side note have you noticed I have not had to mention commission, discount brokers, letís reduce my fee etc? Its kept at my friend said you sell lots of homes what can you do for me to sell my home. Assist2Sell, Homedescovery, Re/max, Prudential, C-21, Joe bad mouther, etc never came into the conversation. I keep the conversation on them and their home.
Posted by: gawdzzzla

Re: assist 2 sell or 1 percent realty? - 01/03/06 07:38 PM

I agree on the discount talks. It gets boring actually to hear the same people discuss how they have nothing against any business model but 90% of what they say is anti other models. If those models are that bad then keep it hush and profit off their mistakes. If those brokers are that unethical then report them to the authorities.

At the end of the day it's fear of change.

Back to the CD cards. I like the idea a lot but I wasn't thinking about a generic business card like those we see offered by every agent. What if you could create a card to look and feel like one of those CD cards. Add a little spice and value into it. Might be easier to add content and resources to a website than cd cards.
Perhaps a better question is how can we increase the value of our business cards? What can we put on there to make it stand out? As I see it there's not much you can do in terms of design
on a cd card that you can't do for biz cards
except maybe the weight.

This thread has got to be the longest in the history of this site. Hey who's going to win the super bowl this year?
Posted by: Alan From Florida

Re: assist 2 sell or 1 percent realty? - 01/03/06 07:59 PM

Every market is a little different. I have just found nice bussiness cards are placed in someones wallet and they come out when they remember. You idea will work to a point. A nice fancy bussiness card one keeps. I do that. I want somethign that other pass out. They do not really pas out my bussiness card unless I have their home listed and they want a potential buyer to call me. Please keep in mind I do not pass my CD's out to just everyone like I do cards. IE like you said cost. I pass them out to people I feel will like them and pass them out for me. Thats the idea is to get them to pass them out for me.

Quote:
At the end of the day it's fear of change.
That I totally agree with and its what drives most of the negative talk.
Quote:
This thread has got to be the longest in the history of this site. Hey who's going to win the super bowl this year?
Yes it is. However we are all talking thats nice. As to superbowl. Are you asking me with my head, heart, or dreamworld. Dreamworld Miami of course. . Heart Go Buc's. Head Carolina and Jacksinville scare me the most. Winning the superbowl a lot of times is not generally the best football team. Its who is both lucky and playing their best in January. Carolina is just starting to come on strong at the right time and so is jacksinvill. I just kinda feel its Carolinas time.
Posted by: rwilson99

Re: assist 2 sell or 1 percent realty? - 01/03/06 07:59 PM

Quote:
Originally posted by Alan From Florida:
Ben thats in general what I do execpt on the high end I actually burn it into a 5 CD's and send the CD out. Why five I find people love them and they pass them out for me to every one they know. Its unique and to them very Hi-teck and up to date. I used to use the smaller 8mm CDs. However I can not find the lables for them anymore. Those costs a little more but I found out they was more of a novilty and got passed out more. Plus I found they actually saved them for years.

Hey its more effective when you can get others to do your marketing for you. Its almost like refferals.
Wow, That's a great idea. Imagine the response you could get with a printable CD that featured a picture of the clients home on the CD itself.

I'm not sure what the print to CD printers cost but that could generate the novelty you had with the smaller CDs you had earlier.
Posted by: Alan From Florida

Re: assist 2 sell or 1 percent realty? - 01/03/06 08:04 PM

Quote:
I'm not sure what the print to CD printers cost but that could generate
Actually its called burning a CD and believe it or note its not anything seperate or special. Most computers today have a CD reader that also burns. In fact windows 98 and XP usually comes with the software.
Posted by: rwilson99

Re: assist 2 sell or 1 percent realty? - 01/03/06 08:09 PM

Quote:
Originally posted by Alan From Florida:
Quote:
I'm not sure what the print to CD printers cost but that could generate
Actually its called burning a CD and believe it or note its not anything seperate or special. Most computers today have a CD reader that also burns. In fact windows 98 and XP usually comes with the software.
CD burners are a dime a dozen. However I had someone burn some DVDs last year and put a custom photo on the front, and I've seen hardware that allows the user to print to the front of the CD... while burning the back.

Now that I look at the DVD it's just a label.

When you do a report is the front of the CD standard with your marketing info... or customized to the client?

One of my college jobs was at Kinkos' and always thought the little binding machine was flimsy... they CD is a much higher WOW for me.
Posted by: Alan From Florida

Re: assist 2 sell or 1 percent realty? - 01/03/06 08:22 PM

Customized to the client. They have to take ownership for it to work. DVD are still to expensive to make it work. CD burners are a dime a dozen Did you not just say that.
Quote:
One of my college jobs was at Kinkos' and always thought the little binding machine was flimsy... they CD is a much higher WOW for me.
Well if its a higher WOW for you think of your clients. Would it not be a hgiher WOW for them. There you go the whole bases for why I do what I do. Case proved.
Posted by: gawdzzzla

Re: assist 2 sell or 1 percent realty? - 01/04/06 07:28 AM

"""""Dreamworld Miami of course. . Heart Go Buc's. Head Carolina and Jacksinville scare me the most. Winning the superbowl a lot of times is not generally the best football team. """""""

I've always had a thing for Jacksonville but I'm 100% NFC. smile

""""A nice fancy bussiness card one keeps. I do that. I want somethign that other pass out. They do not really pas out my bussiness card unless I have their home listed and they want a potential buyer to call me.""""""""

I was thinking along the line of half prepaid calling cards and half business branding. I could recharge the cards once a month but then who pays for long distance these days? You get the idea. I am not talking about the generice big smile with color balloon cards.
Posted by: Alan From Florida

Re: assist 2 sell or 1 percent realty? - 01/04/06 07:39 AM

Its may be just my market but I found the prepaid calling cards is a nice closing gift but not a marketing tool. Its one of those things that have a shelve life. As soon as min are used it going into the trash.

I've always had a thing for Jacksonville but I'm 100% NFC.
I to like the NFC. There are some good teams there. However its the play off time of year and no ones sceems to want it and is stepping up to the plate so to speak. Like I said its not alwasy the best team theat wins the super bowl but the one that plays the best ball at the right time and also wants it the most. Look at NE are they the best team in the NFL not relly they can be beat. However in the last 5 yeasr they just sceem to step up to the plate at the end of the season and they loose a the begining of the season. Simple enough.
Posted by: Orangecrest

Re: assist 2 sell or 1 percent realty? - 01/05/06 07:38 AM

I like KFC, LOL!!
Posted by: gawdzzzla

Re: assist 2 sell or 1 percent realty? - 01/05/06 09:39 AM

Quote:
Originally posted by Orangecrest:
I like KFC, LOL!!
Makes a good part time job and it's ummmm finger licking good!!!!!!!!!!!