David Barr (Berkshire Hathaway HomeServices Florida Realty)

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Rainmaker
904,347
Candice A. Donofrio
Next Wave RE Investments LLC Bullhead City AZ Commercial RE Broker - Fort Mohave, AZ
928-201-4BHC (4242) call/text

"How To Go Under FAST"  LOLLL
And I believe it is probably a violation that centers on the world 'Full'.
That would suggest a 'standard'.

Mar 04, 2016 03:06 AM
Ambassador
4,610,128
Jeff Dowler, CRS
eXp Realty of California, Inc. - Carlsbad, CA
The Southern California Relocation Dude

It feels like a violation but I am no attorney. Interested to read the thread as it develops. And what does "up front" mean?

Mar 04, 2016 02:16 AM
Rainer
90,455
Val Evans
Scottsdale, AZ

Why would it be a violation? Nobody's conspiring with anybody. Now if the email had said that we and several other brokers in the area decided to charge a 3% commission... that would be a violation. Brokers are free to choose to charge whatever they want. It's when they all get together to set a firm rate (price fixing)  is where they get into trouble.

Mar 04, 2016 02:09 AM
Rainmaker
140,568
Joan Dickie
Keller Williams Premier Realty - La Crosse, WI
Keller Williams Premier Realty

What was their business?  Who were they trying to attract?  As long as they weren't trying to set commissions with other business, I think they are ok.  Possibly RESPA depending on the business?

Mar 04, 2016 05:39 AM
Rainmaker
1,394,969
Ryan Huggins - Thousand Oaks, CA
https://HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

I'd be curious to know what the related business is.  I've seen similar ones from "payday advance" type companies that the state is advertising.

Mar 04, 2016 01:44 AM
Ambassador
3,793,012
Paul S. Henderson, REALTOR®, CRS
Fathom Realty Washington LLC - Tacoma, WA
South Puget Sound Washington Agent/Broker!

Where do I get in line

Mar 05, 2016 07:37 PM
Rainmaker
4,271,655
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Builder's offer this when all contingencies are removed from the contract. No problem here in Florida!

Mar 04, 2016 09:10 PM
Rainmaker
2,759,637
TeamCHI - Complete Home Inspections, Inc.
Complete Home Inspections, Inc. - Brentwood, TN
Home Inspectons - Nashville, TN area - 615.661.029

 Yikes! This seems to be a violation of free trade. Check with an attorney.

Mar 04, 2016 05:49 PM
Rainmaker
5,655,980
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

David,

Sounds like one and it makes no sense. A

Mar 04, 2016 01:06 PM
Rainmaker
2,224,167
Debbie Laity
Cedaredge Land Company - Cedaredge, CO
Your Real Estate Resource for Delta County, CO

What business? Is the commission paid out or paid to?

Mar 04, 2016 11:11 AM
Rainmaker
2,442,558
Evelyn Johnston
Friends & Neighbors Real Estate - Elkhart, IN
The People You Know, Like and Trust!

I don't think it would be...if they are a related business they are not a real estate agent and the commission they pay has nothing to do with real estate commission.  An attorney would need to weigh in on this, like Lise Howell?

Mar 04, 2016 10:46 AM
Rainmaker
966,216
Diana Zaccaro Broker Associate
Tropical Beachside brokered by eXp - Cocoa Beach, FL
"The Accidental Blogger" Cocoa Beach, Florida

What exactly are you calling a "related business"? And is it owned by your company? Or are you referring to what we call "affiliates" (non-real estate businesses) that provide ancillary services to REALTORS?

 

Mar 04, 2016 07:44 AM
Rainmaker
2,649,348
Richie Alan Naggar
people first...then business Ran Right Realty - Riverside, CA
agent & author

I find it a general violation meaning tempting people with money doesnt speak well to me. Not wise to base what you do on money alone

Mar 04, 2016 07:39 AM
Rainmaker
4,433,753
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

I do not know what the related business is.

Mar 04, 2016 06:36 AM
Rainmaker
1,528,066
Inna Ivchenko
Barcode Properties - Encino, CA
Realtor® • GRI • HAFA • PSC Calabasas CA

I do not know what that means. I'd consult the lawyer. 

Mar 04, 2016 06:34 AM
Rainmaker
1,157,535
FN LN
Toronto, ON

I am not familiar with the laws, regulations etc. applicable to your company's jurisdiction(s).

Mar 04, 2016 05:21 AM
Rainmaker
853,645
Jeff Pearl
RE/MAX Distinctive / LIC in VA - Lovettsville, VA
Full Service Full Time Realtor

The closest I've seen to this is Toll Bros advancing a % commission when a new construction house goes under contract. I suppose they could pay 3% if they wanted.

Mar 04, 2016 04:18 AM
Rainmaker
4,799,601
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

I have no idea.  Never heard of an up-front commission.

Mar 04, 2016 04:15 AM
Rainmaker
1,462,827
Michael Setunsky
Woodbridge, VA
Your Commercial Real Estate Link to Northern VA

David Barr No, we used to have a company here called 4% Realty. They had no problem getting an approved firm license from the real estate commission.

Mar 04, 2016 03:44 AM
Rainmaker
634,332
Kathleen Luiten
Resort and Second-Home Specialist - Princeville, HI
Kauai Luxury Ocean Home Sales

I'm not sure of the rules in your area, David Barr . In my region most likely it is a violation.

Mar 04, 2016 01:45 AM