613,494
If a broker had to pay miminum wage (or any salary) for their agents, they would not.
Most would get fired.
Sounds good to me...
Eve
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Kathleen Daniels, Prob...
San Jose, CA
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Debe Maxwell, CRS
Charlotte, NC
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Debbie Gartner
White Plains, NY
-
PropertyMinder (Accele...
San Jose, CA
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Ryan Huggins - Thousan...
Thousand Oaks, CA
-
Lynnea Miller
Bend, OR
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Fred Griffin Florida R...
Tallahassee, FL
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Lyn Sims
Schaumburg, IL
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Michael Jacobs
Pasadena, CA
759,935
If there is going to be dollars coming out of a broker's pocket to pay salaries then there will be dollars reduced from paychecks for all sorts of new fees that the broker will need to charge to makeup for the loss. A steady salary sounds great but at what cost? I think I'd be better off if they just left it the way it is.
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John Pusa
Glendale, CA
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HOMEiZ.COM Real Estate...
Agoura Hills, CA
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Kathleen Daniels, Prob...
San Jose, CA
-
Debe Maxwell, CRS
Charlotte, NC
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PropertyMinder (Accele...
San Jose, CA
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Susan Haughton
Alexandria, VA
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Michael Jacobs
Pasadena, CA
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Lyn Sims
Schaumburg, IL
5,116,528
I don't pay much attention to California happenings... it's lala land as far as I'm concerned. I have no issues with being a commission based professional... helps weed out the wheat from the chaff.
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Michael Jacobs
Pasadena, CA
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Kathleen Daniels, Prob...
San Jose, CA
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PropertyMinder (Accele...
San Jose, CA
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Susan Haughton
Alexandria, VA
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Richard Weeks
Dallas, TX
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Bruce Walter
West Lafayette, IN
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Lynnea Miller
Bend, OR
1,847,731
2nd Q on this today. I say nonsense to it all.
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Debe Maxwell, CRS
Charlotte, NC
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Peter Testa
Danbury, CT
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PropertyMinder (Accele...
San Jose, CA
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Ron and Alexandra Seigel
Carpinteria, CA
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Bruce Walter
West Lafayette, IN
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Michael Jacobs
Pasadena, CA
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Lynnea Miller
Bend, OR
5,245,401
Californian has poor air quality which affects their thinking. Many of the 100% concepts are likely safe. Those that require floor time are on shakier gound but it will be a long time before it is challenged in most places.
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Kathleen Daniels, Prob...
San Jose, CA
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Debe Maxwell, CRS
Charlotte, NC
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PropertyMinder (Accele...
San Jose, CA
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Silvia Dukes PA, Broke...
Spring Hill, FL
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Susan Haughton
Alexandria, VA
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Bruce Walter
West Lafayette, IN
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Michael Jacobs
Pasadena, CA
4,584,196
These are interesting and ever-changing times.
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John Pusa
Glendale, CA
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Kathleen Daniels, Prob...
San Jose, CA
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Debe Maxwell, CRS
Charlotte, NC
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Peter Testa
Danbury, CT
-
PropertyMinder (Accele...
San Jose, CA
2,190,182
I doubt it but if it did maybe Brokers would finally be more selective about who they hire.... and release most of those they have now.
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Debe Maxwell, CRS
Charlotte, NC
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PropertyMinder (Accele...
San Jose, CA
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Lynnea Miller
Bend, OR
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Nina Hollander, Broker
Charlotte, NC
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Roy Kelley
Gaithersburg, MD
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Michael Jacobs
Pasadena, CA
5,258,239
I'll be retired before this is even considered in North Carolina - we may as well be in a different country altogether! CA operates totally different than we do here on the east coast!
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John Pusa
Glendale, CA
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Peter Testa
Danbury, CT
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Michael Jacobs
Pasadena, CA
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Kathleen Daniels, Prob...
San Jose, CA
117,135
I think we pass all 3 tests, so we will remain commission. We basically run our own businesses. I think members of a team, who require certain number of hours in the office, or at specific open houses may need to prove autonomy, but for regular, awesome agents, like me, commission is perfect. :)
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Michael Jacobs
Pasadena, CA
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Kathleen Daniels, Prob...
San Jose, CA
-
Debe Maxwell, CRS
Charlotte, NC
-
PropertyMinder (Accele...
San Jose, CA
1,325,924
We are and will continue to meet the A B C test. No minimum wage will apply.
Note: in California, when we think ABC we think Alcoholic Beverage Control...another government agency...in charge of issuing liquor licenses and enforcing the law re: minimum drinking age (21 in Ca.) among other things.
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Kathleen Daniels, Prob...
San Jose, CA
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Debe Maxwell, CRS
Charlotte, NC
-
PropertyMinder (Accele...
San Jose, CA
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Michael Jacobs
Pasadena, CA
291,407
Maybe NAR will stop this...ha..
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HOMEiZ.COM Real Estate...
Agoura Hills, CA
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Debe Maxwell, CRS
Charlotte, NC
-
PropertyMinder (Accele...
San Jose, CA
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Michael Jacobs
Pasadena, CA
717,035
If this became law, it would change the industry entirely. But this would have to go through the courts and I am sure it would be challenged.
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Debe Maxwell, CRS
Charlotte, NC
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Debbie Gartner
White Plains, NY
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PropertyMinder (Accele...
San Jose, CA
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Michael Jacobs
Pasadena, CA
2,684,769
Very few brokers, if any, are going to pay a salary to their salespeople.
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Kathleen Daniels, Prob...
San Jose, CA
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Debe Maxwell, CRS
Charlotte, NC
-
PropertyMinder (Accele...
San Jose, CA
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Michael Jacobs
Pasadena, CA
5,583,328
not likely.... I'd be shocked....
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Debe Maxwell, CRS
Charlotte, NC
-
PropertyMinder (Accele...
San Jose, CA
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Michael Jacobs
Pasadena, CA
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Lyn Sims
Schaumburg, IL
7,870,816
This may be a good way to eliminate the surplus of several hundred thousand agents. Brokers will not be willing to pay them.
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Kathleen Daniels, Prob...
San Jose, CA
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Debe Maxwell, CRS
Charlotte, NC
-
PropertyMinder (Accele...
San Jose, CA
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Michael Jacobs
Pasadena, CA
3,350,589
Interesting. I enjoy my independence.
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Debe Maxwell, CRS
Charlotte, NC
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Peter Testa
Danbury, CT
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Michael Jacobs
Pasadena, CA
3,416,038
Leave it to California once again. I think most agents would get fired. Which may not be a bad thing. I actualy had to go through this test with the state of NH, a story i will share one day. It includes no mandatory hours, no mandatory floor time or no work outside of them taking care of their own clients. Selling real estate is a choice, it is a career decision where your choice of where you work will affect your ability to suceed.
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Debe Maxwell, CRS
Charlotte, NC
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Michael Jacobs
Pasadena, CA
-
Kathleen Daniels, Prob...
San Jose, CA
4,800,132
I think a lot of non-producing agents will be fired.
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Michael Jacobs
Pasadena, CA
-
HOMEiZ.COM Real Estate...
Agoura Hills, CA
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Kathleen Daniels, Prob...
San Jose, CA
6,424,817
Govt always trying to destroy businesses, this one would backfire on them.
It will certainly prune the ranks of the profession, commissions will go up, Z will go broke, and consumers will suffer.
Not likely to happen.
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Michael Jacobs
Pasadena, CA
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Debe Maxwell, CRS
Charlotte, NC
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Bob Crane
Stevens Point, WI
3,988,013
I don't put much stock in what goes on in California. Most things are out of control there.
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Gary L. Waters Broker ...
Melbourne, FL
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Michael Jacobs
Pasadena, CA
-
Kathleen Daniels, Prob...
San Jose, CA
4,181,502
HOMEiZ.COM HOMEiZGROUP an interesting decision.
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Peter Testa
Danbury, CT
-
Michael Jacobs
Pasadena, CA
-
Debe Maxwell, CRS
Charlotte, NC
5,773,239
I am with Lyn Sims .
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Michael Jacobs
Pasadena, CA
-
Debe Maxwell, CRS
Charlotte, NC
-
PropertyMinder (Accele...
San Jose, CA
544,014
California Dreamin'
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Michael Jacobs
Pasadena, CA
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Debe Maxwell, CRS
Charlotte, NC
-
PropertyMinder (Accele...
San Jose, CA
402,010
It seems that a similar event took place with mortgage brokers. I believe the result was a tremendous cut in work force.
It they went to the minimum wage, then a broker would have to have agents that produced enough to cover that wage. Since the majority of agents don't produce, they would have to go.
It would work for the producing agents.
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Michael Jacobs
Pasadena, CA
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Debe Maxwell, CRS
Charlotte, NC
-
PropertyMinder (Accele...
San Jose, CA
1,506,923
Sounds to me like the redfin business model. Agents there are employees with company provided phones, equipment, set hours, salaries and bonuses for "client happiness".
I concur with the others here that say if brokerages had to become regular businesses and actually employ agents, there would be a massive shift and many agents would be homeless overnight.
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Michael Jacobs
Pasadena, CA
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Kathleen Daniels, Prob...
San Jose, CA
-
PropertyMinder (Accele...
San Jose, CA
509,449
If that happens I can see brokers starting to charge more for everything and be selective on their agents.
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Debe Maxwell, CRS
Charlotte, NC
-
PropertyMinder (Accele...
San Jose, CA
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Michael Jacobs
Pasadena, CA
914,098
I heard an ad here recently advertising that agents were salaried employees, and that broker only charged $1000.00 listing fee.
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Debe Maxwell, CRS
Charlotte, NC
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PropertyMinder (Accele...
San Jose, CA
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Michael Jacobs
Pasadena, CA
536,943
I don't see how this would work in all honesty. Yes if this happened you would have to be selective as to who you hire and train them well.
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Debe Maxwell, CRS
Charlotte, NC
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PropertyMinder (Accele...
San Jose, CA
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Michael Jacobs
Pasadena, CA
2,073,399
I'd be surprised.
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Debe Maxwell, CRS
Charlotte, NC
-
PropertyMinder (Accele...
San Jose, CA
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Michael Jacobs
Pasadena, CA
1,574,666
I am thinking the country as a whole is learning that Cali-world is not the model to be followed in business, government, or legal rulings.
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Michael Jacobs
Pasadena, CA
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Kathleen Daniels, Prob...
San Jose, CA
1,389,205
Not likely.
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Michael Jacobs
Pasadena, CA
-
PropertyMinder (Accele...
San Jose, CA
4,906,660
Why would this stupid ruling apply to other states?
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Michael Jacobs
Pasadena, CA
-
PropertyMinder (Accele...
San Jose, CA
2,222,281
Had not heard of that before. Interesting.
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Anthony Acosta - ALLAT...
Atlanta, GA
4,434,177
4,319,873
HOMEiZ.COM HOMEiZGROUP - the difference between independent contractor and employee - the agents are supposed to be IC!
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Michael Jacobs
Pasadena, CA
3,986,308
It may be the end of the part time agent that does just 2-3 deals a year.
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Michael Jacobs
Pasadena, CA
1,242,204
It may limit new agents wanting to get into business. The best example was Zip realty or Redfin. The technology also will control how people will need realtors or not.
If a law passes those eligible for medicare should not engage in a profession like real estate, there will be few if any realtors left.
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Michael Jacobs
Pasadena, CA
2,785,456
Too much regulation like too many chefs....spoil the broth
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PropertyMinder (Accele...
San Jose, CA
4,967,093
5,879,676
We have brokerages and lenders paying wages versus commission here in Denver.
1,078,451
That would be fantastic ---- then we could have even more low paid employees in the industry offering substandard service under the guise of a 'discount'.
Consumers would suffer, the deal or 2 a year these leeches will close will take business away from real professionals, but HEY! Who cares, as long as we continue to give handouts to those who can't make it on their own, let's do it!
***having a very snarky kind of day here