Hey Everyone,
Happy New Year! Everything is great in 2008!
Not that this has ever happened to anyone
however I guess I just need to vent. Why is it that the real estate agents always get beat up over commission???? I just don't get it. I'm currently working on a deal where the seller is beating me up on my commission and he is making $175,000+. We started at (total) 5% paying out 2%. The potential buyer is an agent so he has given up his 2%. I have to knock off just over 1%...and I have a partner to split with.
I posed the question to my seller...if your son needed brain surgery would you ask the best surgeon in the country to discount his services? Of course he just laughed...I then proceeded to say, that's why you hired the best agents...
I should add that he is going to purchase another condo so my partner and I will make another commission on that transaction.
Thanks for listening!