Comments on: 100% Agent Commission: The Future of Real Estate?

By: jfsellsius

jfsellsius — Tue, 08 Sep 2009 23:09:02 +0000

The desk fees are $100 per month + transaction fees ranging from $500-$1500

By: nancyshewmaker

nancyshewmaker — Tue, 08 Sep 2009 22:36:20 +0000

I am a Windermere agent in Tracy too and not familiar with the amount of the “desk fees” are and what the 100% program is. Can you share?

By: jfsellsius

jfsellsius — Sat, 21 Feb 2009 18:54:12 +0000

And I thought I was the only one. Looking in the mirror, I realize why
clothes were invented.

By: Larry Yatkowsky

Larry Yatkowsky — Sat, 21 Feb 2009 07:47:57 +0000

Joe

Re your response to Debra on "physical office".

Fortunately someone needs to process the cheques. A new low I admit, but I'm glad for it.
In terms of physical office with equipment, phones etc. I suspect if you canvassed, you might find that most of the 100% crowd have superior tech equipment in their home office. I further suspect that many make their morning calls with a pot of coffee by their side while still in their pyjamas or if they abide by the rules governing full disclosure, no clothes at all. :>)

By: jfsellsius

jfsellsius — Fri, 20 Feb 2009 22:29:27 +0000

Thanks for sharing your experience Debra. And thank you for the info on The Lusty Lady– it make the post more interesting.

By: Debra Sinick

Debra Sinick — Fri, 20 Feb 2009 18:16:16 +0000

Hi Joe,

Yes, 20 years! (Gulp) I pay for my own marketing, but it's all online. I think the last time I did a newspaper ad was about 1 1/2 years ago.

I used to be in the office all the time and loved being there, interacting with other agents. Now I find I work virtually almost all the time, as does most everyone else. I am most productive when I work out of my own space. There still needs to be some sort of an office which can be a place for client and general office meetings. Offices should not be eliminated, but reduced in size.

Thanks for the post with my remarks about The Lusty Lady, I will link to that one on my blog!

By: J. Philip Faranda

J. Philip Faranda — Fri, 20 Feb 2009 15:57:15 +0000

The best agents who do the most production and drive the market will work where they will make the most. Therefore, all the non-commission based models will dry up- nobody has ever made it work.
The 100% model will appeal to established agents who don't need a nanny broker.

By: jfsellsius

jfsellsius — Fri, 20 Feb 2009 15:33:12 +0000

20 years?! Oh my. Who pays for the marketing? Do you still do print ads?
Would it make a difference if there was no physical office– if the firm was completely online?

By: jfsellsius

jfsellsius — Fri, 20 Feb 2009 15:11:18 +0000

Damn Canadians!

By: Larry Yatkowsky

Larry Yatkowsky — Fri, 20 Feb 2009 10:07:07 +0000

Joe, this can't possibly be a new thing. We northern socialist types have had 100% brokers for a very long time. Any other format seems dare I say it – “foreign”.

@ Ken – love it :>))