Yes, we would like to know how much we might get paid if we bring a qualified purchaser to that property. I bet you like to get paid for working..
Yeah, but unlike most realtors, I am very very clear up front (before I engage) with people what they're going to get and what they pay for, even if its bad news they don't want to hear. I don't leverage some monopolistic position to keep out competitors and even recommend when I can, services or offerings better than my own (often with the suggestion I manage the process).
Of course, I develop SOW contracts detailing what I will do and what I will get paid hourly, so I don't have to worry about losing out if they chose to go with someone else.
I've been on these boards 6 yrs and have said pretty much all I'm going to say about 'commissions', 'realtor bashing', yada, yada.. It's a very old and stale argument. So is 'The Bubble'. Don't like realtors, don't use them.
I will say most realtors aren't particularly good. There are a few which are very good and worth hiring. Unfortunately, *all* realtors are stuck working in a structure which is anti-competitive which in my opinion is immoral.
My family Realtor friend told me well over half his business can be traced to referrals. There is a huge incentive for the Realtor to make his clients happy with their purchases or risk loss of future business.
Yes, and the reason is because FSBOs / low commissions aren't a big part of the market because there is a monopolistic agency in force which keeps out competition. That's why we're stuck with realtor made website and no competitive services. In the US there is a lot of competition and innovative ideas going on. Not so in Canada.
Redistribute consumption, not income.