Robert Vegas Bob Swetz

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Ambassador
2,759,387
TeamCHI - Complete Home Inspections, Inc.
Complete Home Inspections, Inc. - Brentwood, TN
Home Inspectons - Nashville, TN area - 615.661.029

 I know some who take a reduced commission on million dollar plus properties.

Mar 08, 2016 06:05 PM
Rainmaker
2,430,775
Joe Petrowsky
Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709 - Manchester, CT
Your Mortgage Consultant for Life

Good morning Vegas Bob. If the transaction is large enough, I would consider a discount, fortunately it is something I seldom need to do.

Mar 08, 2016 05:00 PM
Rainmaker
634,272
Kathleen Luiten
Resort and Second-Home Specialist - Princeville, HI
Kauai Luxury Ocean Home Sales

Occasionally, but only if I am doing a series of transactions for one buyer or seller.

Mar 08, 2016 04:05 PM
Rainmaker
1,836,035
Anthony Acosta - ALLATLANTACONDOS.COM
Harry Norman, REALTORS® - Atlanta, GA
Associate Broker

No

Mar 08, 2016 01:42 PM
Ambassador
2,400,227
Robert Vegas Bob Swetz
Las Vegas, NV

There are some agents in the Real Estate Market that are selling homes for smaller commission splits and with the cost of living, etc, I am wondering why???

Mar 08, 2016 01:37 PM
Rainmaker
879,041
Annette Lawrence , Palm Harbor, FL 727-420-4041
ReMax Realtec Group - Palm Harbor, FL
Making FLORIDA Real Estate EZ

Lets see...

I allow my broker to take my money with ill-legitimate fees.

Other agents reduce my compensation via MLS fee to rake back what their broker stole.

I give big chunks of money to relocation companies.

I pay generous referral fees.

Many lead generators accept contingency payment.

The dark side wants a thousand dollars a month which agents gleefully pay.

Bird dogs and service providers are rewarded for good behavior.

Service level selection allows those who hire me to choose the level of service they want.

Of course I will NEVER consider taking a cut in compensation. 

Mar 08, 2016 09:38 PM
Rainmaker
2,019,350
Michael J. Perry
KW Elite - Lancaster, PA
Lancaster, PA Relo Specialist

My goal is to write 5 figures ( 00,000) of income per month , so yes I would consider discounting if it's what I need to do to reach the 5 figures THIS Month (it's a business , not a job !).

Mar 08, 2016 09:07 PM
Rainmaker
794,782
Susan Laxson CRS
Premier Sotheby's International Realty - Naples, FL
The Michelle Thomas Team

Rarely, but I have and usually with buyers/sellers that I have done multiple transactions with or when it is important to keep a deal together and for legitimate or unexpected reasons.

Mar 08, 2016 08:53 PM
Rainmaker
3,069,934
Tony and Suzanne Marriott, Associate Brokers
Serving the Greater Phoenix and Scottsdale Metropolitan Area - Scottsdale, AZ
Haven Express @ Keller Williams Arizona Realty

We are always willing to charge a reasonable commission for services we provide...

Mar 08, 2016 08:40 PM
Rainmaker
519,951
Greg Cremia
Shore Realty of the Outer Banks - Nags Head, NC

It is interesting how everybody says no to cutting commissions but they would jump at the chance for a referral. I don't understand!

Mar 08, 2016 08:24 PM
Rainmaker
4,128,818
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Definitely not on the listing side. Most likely not on the selling side!

Mar 08, 2016 07:50 PM
Rainmaker
367,126
Carolyn Nelson
Realty One Carolina, LLC - Burlington, NC
Your Triangle to Triad Real Estate Expert!

It depends on the situation but its not a habit. When I first started I was the independent surrounded by the big boxes. Now that my box has grown and value is consistently delivered, it is no longer necessary. There are many reasons why agents opt to  reduce and if it works for them great.

Mar 08, 2016 04:04 PM
Ambassador
3,709,461
Paul S. Henderson, REALTOR®, CRS
Fathom Realty Washington LLC - Tacoma, WA
South Puget Sound Washington Agent/Broker!

I have no problem showing A client where my my riches go

Mar 08, 2016 03:32 PM
Ambassador
4,312,753
Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

Robert 'VEGAS BOB' Swetz - I am sure there are people and franchises that advertise that the value in working with them is getting back some commission.

Value in working with me is lot more than  cutting commission.

Mar 08, 2016 03:08 PM
Rainer
68,795
Sandra Graves
Keller Williams Realty - Folsom, CA
Realtor

Depends on the situation but generally no. Many times I've felt that I should be making more. It's all how you value yourself and your time.

Mar 08, 2016 02:59 PM
Rainmaker
1,376,553
Ryan Huggins - Thousand Oaks, CA
https://HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

Like they said in school "All commissions are negotiable."  I try and make a habit of not answering beyond that for what I'm willing to do.

Mar 10, 2016 04:51 AM
Rainmaker
4,853,366
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

I have only cut my commission when I listed a property for a military family where the husband came home and needed to sell their home due to injuries he sustained.    

Mar 09, 2016 10:46 PM
Ambassador
5,331,802
Bob Crane
Woodland Management Service / Woodland Real Estate, EXP - Stevens Point, WI
Forestland Experts! 715-204-9671

Though I am no stranger to volunteer work, cutting of commissions just makes an agent look desperate and like someone that I would not be comfortable having in a position to negotiate for me.

Mar 09, 2016 03:54 AM
Rainmaker
609,166
Eve Alexander
Buyers Broker of Florida - Orlando, FL
Exclusively Representing ONLY Orlando Home Buyers

Absolutly not and our buyer clients never ask.

The only person that ever asks for my paycut is the listing agent and I always say NO,

Purchase contractS are between a buyers and sellers and it is up to them to work it out any differences...AND THEY ALWAYS DO.

I have never lost a transaction over not cutting my commission and I will continue to do what other professional do...get paid the full amount.  

I can't imaging asking my doctor, cpa, mecanic, or anyone to take a paycut. I would not dare ask.

Oh hell no!

Eve

Mar 09, 2016 03:14 AM
Rainmaker
6,506,284
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

This is not a good forum for the discussion of commissions.

Mar 09, 2016 02:01 AM
Rainmaker
1,454,327
Michael Setunsky
Woodbridge, VA
Your Commercial Real Estate Link to Northern VA

Robert 'VEGAS BOB' Swetz Cutting your commission only devalues your worth. I don't buy listings by cutting fees.

Mar 09, 2016 01:50 AM
Rainmaker
1,633,242
Sandy Padula and Norm Padula, JD, GRI
HomeSmart Realty West & Lend Smart Mortgage, Llc. - Carlsbad, CA
Presence, Persistence & Perseverance

We earn our pay each and every day. When someone, be it a person or company feels we don't then that business relationship comes to an abrupt end.

Mar 09, 2016 01:00 AM
Rainmaker
5,571,077
Barbara Todaro
RE/MAX Executive Realty - Retired - Franklin, MA
Previously Affiliated with The Todaro Team

no...period

Mar 09, 2016 12:11 AM
Rainmaker
3,985,831
William Feela
WHISPERING PINES REALTY - North Branch, MN
Realtor, Whispering Pines Realty 651-674-5999 No.

Depends on a lot of variables

Mar 09, 2016 12:06 AM
Rainmaker
2,631,631
Richie Alan Naggar
people first...then business Ran Right Realty - Riverside, CA
agent & author

Sure but it has to be for a reason and not becasue it can or should be done. P.S. I decide the reason

Mar 08, 2016 10:59 PM
Ambassador
1,573,905
John McCormack, CRS
Albuquerque Homes Realty - Albuquerque, NM
Honesty, Integrity, Results, Experienced. HIRE Me!

I have to make a deal happen but I don't make a habit of it.

Mar 08, 2016 10:20 PM
Rainmaker
4,041,177
Michael Jacobs
Pasadena, CA
Los Angeles Pasadena 818.516.4393

Never say never.  

Mar 08, 2016 09:34 PM
Rainmaker
4,022,320
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Yes, I do take a lower commission from time to time depending on the property. I also offer a lower commission to my repeat sellers and/or those who also buy with me.

Mar 08, 2016 09:02 PM
Rainmaker
3,316,490
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of the Manchester NH's area Leading Agents

It depends, each case i look at individually, if it makes a deal work i would not have otherwise, perhaps. Everyone wants me to work for less and my favorite line is sure if on Friday when you get paid you give me half your check. 

Mar 08, 2016 09:01 PM
Rainmaker
843,430
Jeff Pearl
RE/MAX Distinctive / LIC in VA - Lovettsville, VA
Full Service Full Time Realtor

Yes, in some cases. One last year, sellers had lost jobs and had no cash on hand, we had contract, I reduced commission so they could sell, and they netted a couple thousand dollars.

Mar 08, 2016 08:54 PM
Rainmaker
1,394,438
Raymond E. Camp
Ontario, NY
Licensed Real Estate Salesperson Greater Rochester

No; there is a bottom line that has to be met and I do like to eat and be merry!

Mar 08, 2016 08:49 PM
Rainmaker
846,275
Marco Giancola
Beachfront Realty - Miami Beach, FL
Realtor (305)608-1922, Miami Beach Florida

Not the norm but in multi-million deals it is sometimes expected.

Mar 08, 2016 08:44 PM
Rainmaker
3,609,116
James Dray
Fathom Realty - Bentonville, AR
Exceptional Agents, Outstanding Results

no

Mar 08, 2016 08:19 PM
Rainmaker
865,049
Peter Mohylsky. Broker -BRIX REALTY
Miramar Beach, Florida - Santa Rosa Beach, FL
BRIX REALTY -DESTIN

I fight hard for my commissions. 

Mar 08, 2016 05:21 PM
Rainmaker
3,946,974
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

It does depend on te client.

 

Mar 08, 2016 11:17 PM
Rainmaker
292,535
Jack Lewitz
Exit Strategy Realty - Evanston, IL

I am not one that likes to discuss commissions but can tell you if you work in REO you work for less, if you do Short Sales sometimes commissions are used to payoff liens, list  or sell any Auction properties expect less commissions. This year I am paying forward a % of my commissions to charity so I guess I am willing to take a pay cut.

Mar 08, 2016 09:16 PM