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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: Tradelite who wrote (14520)	10/25/2003 8:08:23 PM
From: MJ	Read Replies (1) \| Respond to of 306849

Reality check-----yes I am very aware of the complexity of the system-----however that complexity does not justify imo price fixing in commissions. The example regarding the real estate license for the taxi driver---------what has happened with the sales of real estate is that a person almost has to have a realtors license to understand the contracts and the legal system surrounding the exchange of real estate. These have gotten so complex------that even a "Philadelphia Lawyer" has trouble interpreting these. (gr--gr) Now back to reality------------dinner calls. mj

To: Tradelite who wrote (14520)	10/25/2003 9:03:26 PM
From: Don Green	Read Replies (1) \| Respond to of 306849

Reality Check I think what should happen and likely will happen in the coming years is a performance based structured commission scale. Where the broker earns a rising scale based on what they are able to actually sell the house for as it relates to the original asking price. For example rather than having sellers have to sign a 4-6 month listing contract and have the agent suggest a higher than probable selling price to entice the seller. The agent only gets a 2 month contract and a higher commission, based on how close the final sales price is to the original asking price. 100 - 95% 6 percent 94 - 90% 5 percent 89 - 85% 4 Percent 84 - 80% 3 percent This would encourage brokers to be more accurate to the sellers concerning listing prices and also let the brokers get their clients based on how well they can actually sell a house. Don