5,257,583
My BIC would want to go with me - and I would gladly take her - she rocks!
-
Bob "RealMan" Timm
Minot, ND
-
Anthony Acosta - ALLAT...
Atlanta, GA
-
Susie Kay
Plano, TX
-
Wanda Kubat-Nerdin - W...
St. George, UT
-
Ron and Alexandra Seigel
Carpinteria, CA
-
Kasey & John Boles
Boise, ID
-
Kathleen Daniels, Prob...
San Jose, CA
-
Michael Jacobs
Pasadena, CA
-
Peter Testa
Danbury, CT
-
Richard Weeks
Dallas, TX
5,115,873
I have no clue how my office would handle it... as it's never come up. And I wouldn't accept a cruise as I get seasick just looking at boats and ships... no way you'd get me on one!
-
Bob "RealMan" Timm
Minot, ND
-
Susie Kay
Plano, TX
-
Peter Testa
Danbury, CT
-
Wanda Kubat-Nerdin - W...
St. George, UT
-
Ron and Alexandra Seigel
Carpinteria, CA
-
Carol Williams
Wenatchee, WA
-
Michael Jacobs
Pasadena, CA
-
Debe Maxwell, CRS
Charlotte, NC
-
Richard Weeks
Dallas, TX
716,529
Naw... gets too complicated. Give me the cash.
-
Diana Zaccaro Broker A...
Cocoa Beach, FL
-
Bob "RealMan" Timm
Minot, ND
-
Susie Kay
Plano, TX
-
Lyn Sims
Schaumburg, IL
-
Wanda Kubat-Nerdin - W...
St. George, UT
-
Michael Jacobs
Pasadena, CA
-
Debe Maxwell, CRS
Charlotte, NC
-
Candice A. Donofrio
Fort Mohave, AZ
1,847,621
Wow, I believe we could just accept it. Hope this is a bonus to the commission though.
-
Bob "RealMan" Timm
Minot, ND
-
Susie Kay
Plano, TX
-
Wanda Kubat-Nerdin - W...
St. George, UT
-
Michael Jacobs
Pasadena, CA
-
Debe Maxwell, CRS
Charlotte, NC
-
Candice A. Donofrio
Fort Mohave, AZ
-
Sharon Altier
Elmhurst, IL
-
Doug Dawes
Topsfield, MA
1,057,404
I could accept it. But I'm my own shop. Would I accept it? I don't know, possibly. Is he also providing top-notch babysitting services for Luna? Cuz that's a thing. 🐶
I have a client who will give me his (gorgeous classic) Mercedes when I sell his property. I am not interested. I have had a Mercedes before, we don't have good shops to care for them out here. So show me the money honey!
To answer your question, everything is doable if everybody agrees to it, but you'd probably want to go to your tax person and find out if you'd have any liability there.
-
Bob "RealMan" Timm
Minot, ND
-
Lyn Sims
Schaumburg, IL
-
Wanda Kubat-Nerdin - W...
St. George, UT
-
Ron and Alexandra Seigel
Carpinteria, CA
-
Michael Jacobs
Pasadena, CA
-
Debe Maxwell, CRS
Charlotte, NC
-
Richard Weeks
Dallas, TX
1,202,422
Good question. I have no idea.
-
Bob "RealMan" Timm
Minot, ND
-
Anthony Acosta - ALLAT...
Atlanta, GA
-
Susie Kay
Plano, TX
-
Wanda Kubat-Nerdin - W...
St. George, UT
-
Michael Jacobs
Pasadena, CA
-
Debe Maxwell, CRS
Charlotte, NC
-
Doug Dawes
Topsfield, MA
2,221,950
Not sure about the answer, would have to check with my accounting department.
-
Wanda Kubat-Nerdin - W...
St. George, UT
-
Debe Maxwell, CRS
Charlotte, NC
-
Susie Kay
Plano, TX
-
Peter Testa
Danbury, CT
-
Bob "RealMan" Timm
Minot, ND
-
Anthony Acosta - ALLAT...
Atlanta, GA
3,140,848
Unless it is on top of commission earned - NO GO!
-
Diana Zaccaro Broker A...
Cocoa Beach, FL
-
Candice A. Donofrio
Fort Mohave, AZ
-
Debe Maxwell, CRS
Charlotte, NC
-
Susie Kay
Plano, TX
-
Peter Testa
Danbury, CT
-
Bob "RealMan" Timm
Minot, ND
2,402,139
As a former Broker I would suggest they adjust their asking price instead.
-
Diana Zaccaro Broker A...
Cocoa Beach, FL
-
Anthony Acosta - ALLAT...
Atlanta, GA
-
Debe Maxwell, CRS
Charlotte, NC
-
Susie Kay
Plano, TX
-
Peter Testa
Danbury, CT
-
Wanda Kubat-Nerdin - W...
St. George, UT
759,785
While the office gets their % on every deal this is outside of the realm of the norm. If somebody wanted to give me a cruise for selling their house (can I make some suggestions on the particulars of that offer?) you can bet I have no intention of paying my office a % of the cost. I'd talk to them about getting that waived & if they wanted to keep their busy Agent happy it would be prudent to give me a bottle of Rum & say, have fun!
I always said, we make YOU money- you don't make US money. Keep your Agents happy if you want to keep your Agents.
-
Diana Zaccaro Broker A...
Cocoa Beach, FL
-
Susie Kay
Plano, TX
-
Bob "RealMan" Timm
Minot, ND
-
Wanda Kubat-Nerdin - W...
St. George, UT
-
Michael Jacobs
Pasadena, CA
-
Debe Maxwell, CRS
Charlotte, NC
4,583,784
Another "bright, shiny kind of object" idea that never seems to work. I have seen this concept promoted over the years but have never been a part of one.
-
Diana Zaccaro Broker A...
Cocoa Beach, FL
-
Anthony Acosta - ALLAT...
Atlanta, GA
-
Debe Maxwell, CRS
Charlotte, NC
-
Peter Testa
Danbury, CT
-
Wanda Kubat-Nerdin - W...
St. George, UT
7,869,880
No problem when you have a 100% commission plan like I had at RE/MAX.
-
Bob "RealMan" Timm
Minot, ND
-
Wanda Kubat-Nerdin - W...
St. George, UT
-
Michael Jacobs
Pasadena, CA
-
David Popoff
Darien, CT
-
Debe Maxwell, CRS
Charlotte, NC
509,449
I don't know and I will ask my broker. Have not experienced this, though.
-
Wanda Kubat-Nerdin - W...
St. George, UT
-
Peter Testa
Danbury, CT
-
Bob "RealMan" Timm
Minot, ND
-
Debe Maxwell, CRS
Charlotte, NC
3,230
well that's a good offer, but we prefer commission rather than a cruise
-
Wanda Kubat-Nerdin - W...
St. George, UT
-
Peter Testa
Danbury, CT
-
Debe Maxwell, CRS
Charlotte, NC
-
Bob "RealMan" Timm
Minot, ND
5,244,229
Wow, the easiest way to handle it is pass on showing the property. Or, explain to the buyer that they will have to pay your commission and they can have the cruise.
-
Wanda Kubat-Nerdin - W...
St. George, UT
-
Diana Zaccaro Broker A...
Cocoa Beach, FL
-
Bob "RealMan" Timm
Minot, ND
-
Debe Maxwell, CRS
Charlotte, NC
2,458,648
I don't know the answer to your question. I can say that while I worked on a ship for three months one year, I have never been on a cruise and I have absolutely no desire to go on one of those big floating cities. So if that's what it was, I wouldn't want it. Now, if the seller was throwing in a National Geographic cruise on one of those smaller vessels where you get to go exploring, I'd be willing to take it!
-
Wanda Kubat-Nerdin - W...
St. George, UT
-
Diana Zaccaro Broker A...
Cocoa Beach, FL
-
Bob "RealMan" Timm
Minot, ND
-
Debe Maxwell, CRS
Charlotte, NC
1,093,347
Were they offering the cruise as PART of the commission (or as a bonus) or in lieu of full commission? Your Q is confusing since first it says "as part of" then says "as the commission".
It depends on what your IC Agreement says. When I was with a big box, our IC Agreement addressed this very specifically. It also addressed gifts and bonuses (which were given to the agent, no strings attached) and how cash gifts / bonuses were handled. Cruises were offered frequently back then but I never heard of anyone accepting a cruise in lieu of even partial commish.
Part of the problem with what that seller proposed is valuation...how much would the full commission be on the sale vs. the value of the cruise. My guess is the cost of the cruise would be far less than the actual full commission.
-
Wanda Kubat-Nerdin - W...
St. George, UT
-
Bob "RealMan" Timm
Minot, ND
-
Debe Maxwell, CRS
Charlotte, NC
-
Peter Testa
Danbury, CT
5,772,593
Scott,
This often happened in commercial real estate, and it was not in lieu of the commission. It was an incentive to bring a tenant to a building. One of our agents won a trip to Cancun for two. Since we owned the company it meant that we would be the recipients of this gift. We signed it over to our agent without hesitation...he was a big asset to our firm and a great team player, and we did this each and every time. What an easy way to retain an agent and create goodwill! A
-
Bob "RealMan" Timm
Minot, ND
-
Debe Maxwell, CRS
Charlotte, NC
-
Peter Testa
Danbury, CT
-
Wanda Kubat-Nerdin - W...
St. George, UT
6,423,260
I have no time for cruises so this would not be an option.
-
Bob Crane
Stevens Point, WI
-
Bob "RealMan" Timm
Minot, ND
-
Debe Maxwell, CRS
Charlotte, NC
-
Wanda Kubat-Nerdin - W...
St. George, UT
1,554,377
1. I could do it if I chose to. I'm 100% in charge of my income and no split.
2. I would not accept it however, I want CASH not cruise.
-
Candice A. Donofrio
Fort Mohave, AZ
-
Bob "RealMan" Timm
Minot, ND
-
Debe Maxwell, CRS
Charlotte, NC
-
Wanda Kubat-Nerdin - W...
St. George, UT
430,772
I am not sure how my office would handle it, but I would run! I seem to recall males always being the ones that do not come back from the cruises. While life may have its ups and downs, I am not ready to check out of this life just yet, so no cruises for me.
-
Candice A. Donofrio
Fort Mohave, AZ
-
Bob "RealMan" Timm
Minot, ND
-
Debe Maxwell, CRS
Charlotte, NC
-
Wanda Kubat-Nerdin - W...
St. George, UT
913,818
I wouldn't want it.
-
Bob "RealMan" Timm
Minot, ND
-
Debe Maxwell, CRS
Charlotte, NC
-
Wanda Kubat-Nerdin - W...
St. George, UT
-
Michael Jacobs
Pasadena, CA
4,800,132
Interesting, I will read it.
-
Bob "RealMan" Timm
Minot, ND
-
Debe Maxwell, CRS
Charlotte, NC
-
Wanda Kubat-Nerdin - W...
St. George, UT
-
Michael Jacobs
Pasadena, CA
1,712,876
I think that would be a foolish move to do that.
-
Bob "RealMan" Timm
Minot, ND
-
Debe Maxwell, CRS
Charlotte, NC
-
Wanda Kubat-Nerdin - W...
St. George, UT
-
Michael Jacobs
Pasadena, CA
4,905,762
We would not expect the agent to share with us.
-
Bob "RealMan" Timm
Minot, ND
-
Debe Maxwell, CRS
Charlotte, NC
-
Wanda Kubat-Nerdin - W...
St. George, UT
-
Michael Jacobs
Pasadena, CA
2,072,993
If it was "part" of the commission (ie: a bonus), I'm sure my brokerage would work something out with me... I might have to balance out a percentage of the cost of the cruise with the office.
But personally, I don't want a cruise as incentive... I'm looking for that cold-hard-cash.
-
Bob "RealMan" Timm
Minot, ND
-
Wanda Kubat-Nerdin - W...
St. George, UT
-
Michael Jacobs
Pasadena, CA
-
Debe Maxwell, CRS
Charlotte, NC
1,513,143
A good question and hope to pay for my own cruises.
-
Bob "RealMan" Timm
Minot, ND
-
Wanda Kubat-Nerdin - W...
St. George, UT
-
Michael Jacobs
Pasadena, CA
-
Debe Maxwell, CRS
Charlotte, NC
613,494
I would not be interested in going on a cruise....cash bonus, please.
There was a time that new construction builders were giving agents tv's, store gift cards for thousands, and even a car ( you had to qualify to get into the drawing)
Most brokers allowed the agent to take the prize...I have not seen the big perks for several years.
Eve
-
Wanda Kubat-Nerdin - W...
St. George, UT
-
Bob "RealMan" Timm
Minot, ND
-
Debe Maxwell, CRS
Charlotte, NC
2,195,063
Switch Offices
-
Wanda Kubat-Nerdin - W...
St. George, UT
-
Bob "RealMan" Timm
Minot, ND
-
Debe Maxwell, CRS
Charlotte, NC
921,504
NEYET! wold say my broker.
In the past, as a BROKER, I have taken furniture, businesses, works of art and a sundry of things as compensation. As an associate, I am not captain of the vessel.
-
Wanda Kubat-Nerdin - W...
St. George, UT
-
Bob "RealMan" Timm
Minot, ND
-
Debe Maxwell, CRS
Charlotte, NC
547,527
They would be jealous.
-
Wanda Kubat-Nerdin - W...
St. George, UT
-
Bob "RealMan" Timm
Minot, ND
-
Debe Maxwell, CRS
Charlotte, NC
4,434,177
No idea.
-
Wanda Kubat-Nerdin - W...
St. George, UT
-
Bob "RealMan" Timm
Minot, ND
-
Debe Maxwell, CRS
Charlotte, NC
1,325,249
What an interesting situation. I have seen bonuses offered in the past...cruise, vacation at a private cabin, other stuff. I would rather have cash and spend it the way I want to spend it.
-
Bob "RealMan" Timm
Minot, ND
-
Debe Maxwell, CRS
Charlotte, NC
-
Wanda Kubat-Nerdin - W...
St. George, UT
577,750
My office would not accept this as commission payable, nor do I think we would be allowed to... it strictly cash for commission from the proceeds of the sale.
-
Bob "RealMan" Timm
Minot, ND
-
Debe Maxwell, CRS
Charlotte, NC
-
Wanda Kubat-Nerdin - W...
St. George, UT
1,506,773
Interesting. I've heard of them being given to buyers as an incentive back in the day. I'd go on vacation, personally. Depends on where the cruise is to though. If it's only to Mexico, forget it. Too much cartel violence out there, even near the docks and resorts (I've seen the pictures, freakin' gruesome!).
-
Bob "RealMan" Timm
Minot, ND
-
Debe Maxwell, CRS
Charlotte, NC
-
Wanda Kubat-Nerdin - W...
St. George, UT
2,189,772
I saw your blog post. I could have done that when I owned my own office, but not as an agent under a broker. I would have paid out of pocket to compensate the office for their portion. Not my idea of how to make money selling real estate.
-
Bob "RealMan" Timm
Minot, ND
-
Debe Maxwell, CRS
Charlotte, NC
-
Wanda Kubat-Nerdin - W...
St. George, UT
5,583,328
if it's a for sale by owner, I would write the commission into the offer to purchase and clearly state the homeowner will be paying it....
-
Bob "RealMan" Timm
Minot, ND
-
Debe Maxwell, CRS
Charlotte, NC
-
Wanda Kubat-Nerdin - W...
St. George, UT
3,350,439
Why complicate things? Oh wait, it is a FSBO that's why.
It is also why they need YOU.
I would pass on that. Not only is it complicated not everyone likes to cruise.
-
Bob "RealMan" Timm
Minot, ND
-
Debe Maxwell, CRS
Charlotte, NC
-
Wanda Kubat-Nerdin - W...
St. George, UT
1,728,656
Treated as a taxable bonus aside from the contracted commission
-
Bob "RealMan" Timm
Minot, ND
-
Debe Maxwell, CRS
Charlotte, NC
-
Wanda Kubat-Nerdin - W...
St. George, UT
2,785,276
A drawing with rules followed by negotiations of give & take would lead to some answers...Amazing how we humans like to squabble about things
-
Bob "RealMan" Timm
Minot, ND
-
Wanda Kubat-Nerdin - W...
St. George, UT
-
Michael Jacobs
Pasadena, CA
4,966,025
Wow, not sure how I would handle that one.
-
Wanda Kubat-Nerdin - W...
St. George, UT
-
Bob "RealMan" Timm
Minot, ND
5,879,125
3,986,308