Paul S.  Henderson, REALTOR®, CRS, South Puget Sound Washington Agent/Broker! (Fathom Realty Washington LLC)

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Ambassador
4,093,753
Debe Maxwell, CRS
www.iCharlotteHomes.com | The Maxwell House Group | RE/MAX Executive | (704) 491-3310 - Charlotte, NC
The right Charlotte REALTOR!

Things are strange in the universe right now - and not in just my universe either!

Sep 02, 2019 08:42 PM
Rainmaker
1,839,387
Bob "RealMan" Timm
Ward County Notary Services - Minot, ND
Owner of Ward Co. Notary Services, retired Realtor

I have not noticed Paul S. Henderson, REALTOR®, CRS but it's a proven business model to give away product and offer large discounts to build a base and then go for the profit once that base is built.

Sep 03, 2019 05:07 AM
Rainmaker
3,961,912
Michael Jacobs
Pasadena, CA
Los Angeles Pasadena 818.516.4393

Many things in life are in a state of flux.  

Sep 02, 2019 07:49 PM
Rainmaker
3,878,309
Richard Weeks
Dallas, TX
REALTOR®, Broker

Goes in cycles.

Sep 03, 2019 04:20 AM
Rainmaker
605,075
Eve Alexander
Buyers Broker of Florida - Orlando, FL
Exclusively Representing ONLY Orlando Home Buyers

I did not notice, but it is enlightening...

Why do agents and brokers even have a fee, if they can't stick to it?  

The only reason is because those in the business are always too eager to give away their paycheck...just like most "shake in their shoes" if some common issue comes up.  

I have never had a "good" listing agent ask me to cut commission...everyone just needs to stop it

If everyone would stop, consumers will not expect it.

Eve

Sep 03, 2019 08:08 AM
Rainer
96,761
Karen Climer
Demetree School of Real Estate - Orlando, FL
Teaching people to pass the real estate exam

I'm not sure why this is surprising.  Last week my grocery store had certain items on sale.  This week, they are no longer on sale.

Many businesses offer promotions to entice buyers, but they can't do it forever.  That does not mean it was a bad decision to offer it in the first place.  

Also, I don't begrudge any investor for wanting to make money.  Don't you want to make money when you invest?

Sep 03, 2019 07:17 AM
Rainmaker
1,698,398
Lyn Sims
RE/MAX Suburban - Schaumburg, IL
Schaumburg Real Estate

No I didn't see anything about it. Like what companies?

Sep 03, 2019 05:26 AM
Rainmaker
1,707,347
Joe Pryor
The Virtual Real Estate Team - Oklahoma City, OK
REALTOR® - Oklahoma Investment Properties

I love profit.

Sep 03, 2019 03:51 AM
Rainmaker
2,014,170
Michael J. Perry
KW Elite - Lancaster, PA
Lancaster, PA Relo Specialist

Wonder what’s going on with USAA ?

Sep 03, 2019 07:23 AM
Rainmaker
3,298,033
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of the Manchester NH's area Leading Agents

You cant run a business by giving away everything. They enter the market to drown those already in the business, then they turn the screw

Sep 03, 2019 06:00 AM
Rainmaker
1,362,548
Ryan Huggins - Thousand Oaks, CA
https://HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

Yes, they realized they need to make money to stay in business.  LOL.  I've always said those companies had numbered days.  I think there is another real estate company that will be doing that as well sooner than later.

Sep 03, 2019 09:29 AM
Rainmaker
5,570,688
Barbara Todaro
RE/MAX Executive Realty - Retired - Franklin, MA
Previously Affiliated with The Todaro Team

all good things come to an end....

Sep 03, 2019 07:48 AM
Rainmaker
666,153
Peter Testa
Nationwide Homes - Danbury, CT
PETER TESTA

Incentives & discounts eventually go away. What doesn't fade is incremental increases in price that will be blamed on inflation. 

Sep 03, 2019 07:38 AM
Rainmaker
519,701
Greg Cremia
Shore Realty of the Outer Banks - Nags Head, NC

Ideas are cheap

Sep 03, 2019 06:38 AM
Ambassador
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Wanda Kubat-Nerdin - Wanda Can!
Red Rock Real Estate - St. George, UT
So Utah Residential, Referral & Relocation REALTOR

Incentives work in down markets and not so much in brisk ones.

Sep 03, 2019 06:29 AM
Rainmaker
468,389
Dan Pittsenbarger
Keller Williams Western Realty - Bellingham, WA
Improving Conditions

I haven't heard anything about any of the discount model companies making any changes.

Sep 03, 2019 06:18 AM
Rainmaker
2,611,810
Richie Alan Naggar
people first...then business Ran Right Realty - Riverside, CA
agent & author

When the economy is good...why offer incentives? Also those that did offer coupons, rebates or discounts to do business with them knew it hard to get out of that model once triggered. A good economy allows them to escape it...

Sep 03, 2019 05:40 AM
Rainmaker
869,561
Annette Lawrence , Palm Harbor, FL 727-420-4041
ReMax Realtec Group - Palm Harbor, FL
Making FLORIDA Real Estate EZ

Everyone wants to dig deeper into the pocket of the real estate agents.

Those disappearing rebates do not reappear in the agents account.  They are absorbed by those companies.

And agents throughout history have shown they will pay others 20, 30, 40, 50 percent of their compensation to a 'no value added' middle man.

Referring agents are also included in the 'no value added' category.

There however is a bigger game in motion that will reduce agent net income and reduce agent options. (this game does not reduce the cost of a real estate transaction to the consumer) One need only observe the collusion between NAR, franchises, associations and Zdevil to see the end game.

Sep 03, 2019 05:16 AM
Rainmaker
4,026,119
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Suck you in and then pounce. Nothing is free!

Sep 03, 2019 04:50 AM
Ambassador
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Bob Crane
Woodland Management Service / Woodland Real Estate, EXP - Stevens Point, WI
Forestland Experts! 715-204-9671

Apparently give aways were not working for them.

Sep 02, 2019 09:11 PM
Rainmaker
1,624,572
Sandy Padula and Norm Padula, JD, GRI
HomeSmart Realty West & Lend Smart Mortgage, Llc. - Carlsbad, CA
Presence, Persistence & Perseverance

Agree with you. Investors are looking for a payday and many of these companies will cease to exist, or just adopt the traditional business models.

Sep 03, 2019 11:50 AM
Ambassador
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Kathleen Daniels, Probate & Trust Specialist
KD Realty - 408.972.1822 - San Jose, CA
Probate Real Estate

Imagine that. Investors wanting a return. 

Sep 03, 2019 11:01 AM
Rainmaker
5,373,465
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Paul,

We are not surprised.  So many see real estate commission as being big, however, they are not willing to see the expense side of the ledger. It looks like they now have.  A

Sep 03, 2019 05:42 AM
Rainmaker
2,062,259
Evelina Tsigelnitskaya
SIB Realty - Sunny Isles Beach, FL
www.SIBRealty.org 305-931-6931

I don't know companies, I know agents...

Sep 03, 2019 06:00 PM
Rainmaker
1,596,476
Valeria Mola
SIB Realty - Miami, Sunny Isles Beach - Sunny Isles Beach, FL
305-607-0709 SIB Realty Condos for Sale and Rent

Well, we have a few agents in area. And I don't see their names very often.

Sep 03, 2019 03:58 PM
Rainer
254,294
Don Baker
Lane Realty - Eatonton, GA
Lake Sinclair Specialist

not something I'd noticed.  Where have you seen they are no longer offering these rebates?

Sep 03, 2019 02:41 PM
Ambassador
3,021,527
Tammy Lankford,
Lane Realty Eatonton, GA Lake Sinclair, Milledgeville, 706-485-9668 - Eatonton, GA
Broker GA Lake Sinclair/Eatonton/Milledgeville

haven't noticed because they never showed up in my market

Sep 03, 2019 01:48 PM
Rainmaker
6,376,414
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

Thanks for sharing your observations.

Sep 03, 2019 12:43 PM
Rainmaker
4,741,619
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

We still have a couple companies here in Denver still giving rebates.

Sep 21, 2019 06:59 AM
Rainmaker
3,843,075
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

I guest I never notice this.

 

Sep 06, 2019 11:12 AM