Comments on: Who Really Wants A 6% Commission Anyways?

By: CRay

CRay — Sat, 25 Oct 2008 11:41:25 +0000

>>>Today I spoke with an agent that told me two months ago that I was nuts to do what I am doing <<<

I know the feeling .. in the last 3 months I took a flat fee ($10,000) for selling a $700,000 house, then a 3% commission split on a $550,000 condo ($8,250) and last week a small $180,000 condo on a $7,000 split ($3,500) … that’s almost $22,000 for listing or selling 3 properties at a very reduced commission — all my friends laughed.

— in the meantime, out of 29 agents only 3 have made more $4,000 in the last 90 days .. I guess I should have stayed around the office and listened to them .l.o.l..

Like my great grand Daddy used to say – “you can be a lion, you can be a tiger – but never be a pig..”

By: Wayne Malcomb

Wayne Malcomb — Thu, 03 Jul 2008 00:27:15 +0000

Mike, Thanks for the comments. Today I spoke with an agent that told me two months ago that I was nuts to do what I am doing and I could not make money that way. Now he is asking me if I can help him get one of his three listings sold so he does not have to get another job. Keep up the good and profitable work.

By: Mike

Mike — Wed, 02 Jul 2008 21:33:05 +0000

I don’t do mortgages and I also don’t do dual agency so I don’t have the extra there to help me but I do flat fee and 1%. It started when I said yes to a friend when asked if I could write up the paperwork for a already negotiated deal.

I got $500 for it. They buyer was selling a home and I got that listing for 1%, $5,000. Then they bought another house, $6,000. They referred me to a friend
and I listed their home and received $2600.

You do the math but I made quite a bit for saying yes to a measly $500 that few other agents would bother with. I am a Principal Broker so I don’t pay the fees that most agents have to pay. Maybe that makes up for the edges you have.

You have it completely correct. Pay attention to profit.