January 12, 2006

Lobbying to Sell Your House - New York Times

Lobbying to Sell Your House - New York Times: "Lobbying to Sell Your House

Published: January 12, 2006

WASHINGTON, Jan. 11 - When the nation's largest banks decided at the start of the decade that they wanted to get into the real estate brokerage business, one major obstacle stood in their way: the National Association of Realtors."


At 2:13 PM, Anonymous Anonymous said...

There is an anti trust warning that is read at the start of every Board of Realtors meeting; the warning forbids discussions such as "what are you charging for a sales commission?"

The fact is, all real estate commission are negotiable, and there has been a decrease in the average percentage amount as the prices have risen. It is truly a competitive market - just declare that you would like to sell your home and interview three prospective listing agents - each will offer a somewhat different set of services, and very probably a different commission rate.

But understand that while the past several years have been good years, there are also periods in history when things just weren't selling, in which case agents make zero dollars. There is no guarantee, no safety net.

Most agents are small businesses. Should they have to compete against national banks, billion dollar businesses? And should an individual who chooses not to abide by the Realtor code of ethics, higher ethical values of the Realtor organization - should that person have the same access to information gathered by the Realtors? It doesn't seem to be in our clients' best interest.


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