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Rainmaker
1,056,272
Candice A. Donofrio
Next Wave RE Investments LLC Bullhead City AZ Commercial RE Broker - Fort Mohave, AZ
928-201-4BHC (4242) call/text

Hey, it's just like properties. They're worth what someone is willing to pay. I'll get what I want or I won't do it.

Jun 08, 2018 11:57 AM
Rainmaker
1,553,094
Thomas J. Nelson, REALTOR ® e-Pro CRS RCS-D Vets
Big Block Realty 858.232.8722 - La Jolla, CA
CEO of Vision Drive Realty - Coastal San Diego

Why is it commissions are only viewed in the terms of cost, and never in terms of value? Because agents are really bad at communicating their value.

In the absence of value, it's price. Communicate your value and you can over come price (most of the time). For some, they don't care about Nordstrom value, they just want Dollar Store discounts.

Jun 08, 2018 01:02 PM
Ambassador
5,254,035
Debe Maxwell, CRS
Savvy + Company (704) 491-3310 - Charlotte, NC
The RIGHT CHARLOTTE REALTOR!

The Sherman Anti-Trust Act prohibits us from discussing this - EVER.

Jun 08, 2018 11:57 AM
Ambassador
2,684,569
Fred Griffin Florida Real Estate
Fred Griffin Real Estate - Tallahassee, FL
Licensed Florida Real Estate Broker

   Hi, HomeiZ.

     It is against my Office Policy to discuss commissions with other real estate brokers.

     With respect, I do not care what "NAR attorneys" say.  NAR lawyers are not going to defend me pro bono, if the Feds come after me for discussing commissions with other Real Estate Brokers.  

     

    

Jun 08, 2018 01:48 PM
Rainmaker
5,112,471
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

We don't discuss commissions in a public forum as it's against the law (Sherman Antitrust)... all commissions are negotiated, in any event... your questions makes it sound as if there is a standard commission everyone receives and that's not true.  Besides, how would you define "experienced." I've dealt with agents who were in the business for decades and were totally inept.

Jun 08, 2018 12:52 PM
Rainmaker
1,846,901
Lyn Sims
Schaumburg, IL
Real Estate Broker Retired

Since you are obviously not licensed, we cannot discuss this under ANY circumstances.

Jun 08, 2018 11:51 AM
Rainer
87,920
Jeff Perlis Prime Properties
Prime Properties - Lake Arrowhead, CA
Experience Your Own Transformation!

Yes, we should.

Jun 08, 2018 01:10 PM
Rainmaker
759,485
Peter Testa
Nationwide Homes - Danbury, CT
PETER TESTA

I understand we are not to discuss commission in this forum so my answer is changed. 

Jun 08, 2018 12:57 PM
Ambassador
5,060,488
Jeff Dowler, CRS
eXp Realty of California, Inc. - Carlsbad, CA
The Southern California Relocation Dude

I agree with Debe Maxwell, CRS on this

Jun 08, 2018 12:13 PM
Rainmaker
4,900,966
Richard Weeks
Dallas, TX
REALTOR®, Broker

You don't get what you deserve you get what you negotiate.

Jun 08, 2018 12:02 PM
Rainmaker
921,504
Annette Lawrence , Palm Harbor, FL 727-420-4041
ReMax Realtec Group - Palm Harbor, FL
Making FLORIDA Real Estate EZ

Experience is translated, 'getting the expected outcome.'

An agent gets what they deserve. That has little to do with the number of years they have been paying NAR or the number of letters appended to their name.

It has everything to do with the experienced agents ability to convey their value. Why stop at single digits?

Jun 08, 2018 11:57 AM
Ambassador
3,138,603
Wanda Kubat-Nerdin - Wanda Can!
Red Rock Real Estate (435) 632-9374 - St. George, UT
St. George Utah Area Residential Sales Agent

I will agree with Debe's and Nina's answers. Not going there!

Jun 08, 2018 02:30 PM
Ambassador
3,383,384
Chris Ann Cleland
Long and Foster Real Estate - Gainesville, VA
Associate Broker, Bristow, VA

An experienced agent will have no problem securing what they want from clients that see the value in what they offer.

Jun 08, 2018 12:27 PM
Ambassador
2,456,384
Kat Palmiotti
eXp Commercial, Referral Divison - Kalispell, MT
Helping your Montana dreams take root

I think a well-experienced agent should know what they are worth and should ask for that amount (whatever it is).

Jun 08, 2018 12:00 PM
Rainmaker
5,583,328
Barbara Todaro
RE/MAX Executive Realty - Happily Retired - Franklin, MA
Previously Affiliated with The Todaro Team

no.... but I DO think an agent with the reputation of tossing the listing in mls and forgetting about it should not get a commission....

Jun 08, 2018 11:52 AM
Ambassador
2,187,587
Carol Williams
Although I'm retired, I love sharing my knowledge and learning from other real estate industry professionals. - Wenatchee, WA
Retired Agent / Broker / Prop. Mgr, Wenatchee, WA

As you know, commissions are always negotiable.  An agent can ask for whatever they think they deserve. 

Sadly, "experience" doesn't always equal "competence".  You can't judge a book by it's cover, nor an agent by the length of their tenure. 

Jun 08, 2018 04:10 PM
Rainmaker
4,434,177
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

Do not discuss commissions

Jun 08, 2018 03:37 PM
Rainmaker
7,863,162
Roy Kelley
Retired - Gaithersburg, MD

When we had a buyers market, long ago, 7% was the standard commission. The market will determine the rates. This is not a good place to discuss suggested commission rates.

Jun 08, 2018 01:52 PM
Rainmaker
970,983
Frank Rubi
Frank Rubi Real Estate, LLC - Metairie, LA
FrankRubiRealEstate.com

We should not be discussing commission on this platform

Jun 09, 2018 05:37 AM
Rainmaker
3,416,038
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of the Manchester NH's area Leading Agents

I do like the theory of being paid more than an inexperienced agent. However in he real world i am facing sellers looking to pay little, get something fo rnothing and on the cheap. I show the value of my commission. I show them results and service. I adjust my fee when needed, for a home i can sell quicker or a home that will take longer. 

Jun 09, 2018 05:04 AM
Rainmaker
1,506,013
Ryan Huggins - Thousand Oaks, CA
https://HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

I think it's a matter of the value you bring and how you communicate it, plus what the market will bear and the desires of the seller.  I tell people "this is what I charge and here's why I'm worth it."  If that doesn't work for them, then that's too bad and they don't get the pleasure of working with me.

Jun 08, 2018 03:07 PM
Rainmaker
5,238,990
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

What someone else does is their business. What I do is mine!

Jun 08, 2018 02:25 PM
Rainmaker
5,772,581
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

We have clients who have asked for what they felt they deserved, and the owner happily paid it!  So it depends where and when and mutual agreement. A

Jun 08, 2018 01:38 PM
Rainmaker
1,241,754
Sam Shueh
(408) 425-1601 - San Jose, CA
mba, cdpe, reopro, pe

Why do you think 1/3 of car salesman positions disappeared?

The latest technology has changed the local realtor's knowledge. It recognizes photos in the WWW posted (FB under people account, Pinterest etc) able to grade the house, kitchen and able to assign a value for each room, updated value or lack of updating. Companies are willing buy the homes as is without even looking at the inside. A visit is a matter of validating the technology results. Last 2 years an artificial intelligence based company took over 2% of used home sales in a major SW city. It does not use realtors to buy or sell. 

Investors have poured in $1B in developing technology in CA each year and will force the major brokers change their fee model. In fact, some of these technology based discount model already took over all these name brokerages already(stock market cap).  Top brokerages using Bentley and Maybach to drive clients around have to accept what people are willing to pay. 

 

Jun 08, 2018 12:23 PM
Rainmaker
3,071,489
Tony and Suzanne Marriott, Associate Brokers
Serving the Greater Phoenix and Scottsdale Metropolitan Area - Scottsdale, AZ
Haven Express @ Keller Williams Arizona Realty

Debe Maxwell, CRS nailed this one!

Jun 09, 2018 12:57 PM
Ambassador
3,349,404
Kathleen Daniels, Probate & Trust Specialist
KD Realty - 408.972.1822 - San Jose, CA
Probate Real Estate Services

Commissions are negotiable.  

Jun 09, 2018 08:15 AM
Rainmaker
715,782
Lynnea Miller
Bend Premier Real Estate - Bend, OR
Premier Real Estate Service in Central Oregon

An agent gets paid what he/she is successful in negotiating. And sellers often get what they pay for.

Jun 09, 2018 07:38 AM
Rainmaker
4,800,132
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

It's not experience, it's performance.  Maybe the commision should be based on results.

Jun 09, 2018 05:44 AM
Rainmaker
1,624,653
Inna Ivchenko
Barcode Properties - Encino, CA
Realtor® • GRI • HAFA • PSC Calabasas CA

Hypothetically, yes! 

Jun 08, 2018 11:43 PM
Rainmaker
4,319,773
Praful Thakkar
LAER Realty Partners - Burlington, MA
Metro Boston Homes For Sale

HOMEiZ.COM HOMEiZGROUP - I love it that way, however, practical challenges are different.

Jun 08, 2018 09:59 PM
Ambassador
6,417,184
Bob Crane
Woodland Management Service / Woodland Real Estate, KW Diversified - Stevens Point, WI
Forestland Experts! 715-204-9671

Many of our agents do, people will pay what they think you are worth, what do you think you are worth?

 

Jun 08, 2018 08:48 PM
Rainmaker
1,322,984
John Juarez
The Medford Real Estate Team - Fremont, CA
ePRO, SRES, GRI, PMN

An agent can get whatever commission that can be negotiated with their sellers.

Jun 08, 2018 04:54 PM
Rainmaker
2,191,748
Michael J. Perry
KW Elite - Lancaster, PA
Lancaster, PA Relo Specialist

What will the market bear ?

Jun 08, 2018 03:23 PM
Rainmaker
934,152
Chuck Willman
Chuck Willman - Alpine, UT
NewHouseUtah.com

I suppose if that agent wishes to do so... commissions are negotiable and, as such, would probably cause a potential client to justify the commission.

Jun 08, 2018 02:28 PM
Rainmaker
902,038
Olga Simoncelli
Veritas Prime, LLC dba Veritas Prime Real Estate - New Fairfield, CT
CONSULTANT, Real Estate Services & Risk Management

They can try...

Jun 08, 2018 01:12 PM
Rainmaker
3,988,013
Debbie Reynolds, C21 Platinum Properties
Platinum Properties- (931)771-9070 - Clarksville, TN
The Dedicated Clarksville TN Realtor-(931)320-6730

I have 38 years experience and think it is time for a raise.

Jul 10, 2018 09:55 PM
Rainmaker
5,877,329
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

We are not to talk commission in any public forum.

Jun 12, 2018 06:08 AM
Rainmaker
766,079
Tony Lewis
Summit Real Estate Group - Valencia, CA
Summit Real Estate Group Valencia & Aliso Viejo

Commission?  We don't discuss commision if we have any good sense.

Jun 10, 2018 05:54 PM
Rainmaker
519,324
Dan Tabit
Keller Williams Bellevue - Sammamish, WA

A more experienced agent often has a better client base and will be more selective than a new one.  They tend to show fewer homes and assist their clients more efficiently than a new one.  A new agent may have a mentor or managing broker who provides some assistance to boost the new agents value to their clients. 

Jun 09, 2018 02:44 PM
Rainmaker
3,986,308
William Feela
WHISPERING PINES REALTY - North Branch, MN
Realtor, Whispering Pines Realty 651-674-5999 No.

Get what you can

Jun 08, 2018 05:36 PM
Rainmaker
2,784,566
Richie Alan Naggar
people first...then business Ran Right Realty - Riverside, CA
agent & author

If a deal calls for action over and above the call of normal duty why not?

Jun 08, 2018 03:13 PM
Rainer
57,072
HOMEiZ.COM Real Estate Technology
HOMEiZ.COM - Agoura Hills, CA
The Real estate social network

I read some of the comments here and can understand some of the agents concerns, who are scared to discuss this issue. We are not making any conspiracy here, or monoply ,or trying to fix commission price.

To prove real estate agents or brokers are engaged in price fixing, a plaintiff must provide clear evidence that the agents or brokers conspired to charge the same minimum rate  and that they did, in fact, charge that rate  according to Robert Butters, an attorney at Chicago-based Arnstein and Lehr and the former deputy general counsel for NAR.

Casual social media conversations about commission strategy do not come close to meeting that test.

Jun 08, 2018 01:22 PM