Desperation.. or.. ?? 90% Realtor Comm in DB

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  • MrMaxwell
    Too lazy to set a custom title
    • Jul 2005
    • 10057
    #1

    Desperation.. or.. ?? 90% Realtor Comm in DB

    http://daytona.craigslist.org/rej/1517641057.html
    Tags: None
    • ShellyCrash
      Confirmed User
      • Jun 2004
      • 6708
      #2
      Good way to motivate agents to turn a profit on a property. It's 90% of the net so if the house sells at a loss they would get nothing.

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        • MrMaxwell
          Too lazy to set a custom title
          • Jul 2005
          • 10057
          #3
          Originally posted by ShellyCrash
          Good way to motivate agents to turn a profit on a property. It's 90% of the net so if the house sells at a loss they would get nothing.
          How do you lose money as an agent?
          The house sells at a loss, it sells at a profit, why does it matter.. you get your 5-7%.. or half of it..

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            • fatfoo
              ICQ:649699063
              • Mar 2003
              • 27763
              #4
              I have heard real estate is good business for people who have $100,000s to invest.


              They can make 20% return sometimes in a year.
              Send me an email: [email protected]

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                • MrMaxwell
                  Too lazy to set a custom title
                  • Jul 2005
                  • 10057
                  #5
                  Originally posted by fatfoo
                  I have heard real estate is good business for people who have $100,000s to invest.


                  They can make 20% return sometimes in a year.

                  You can make a whole god damned fucking HELL OF ALOT MORE than THAT
                  But you had better know what in the hell you're doing, too
                  Are you talking about 20% returns on REITs?
                  I have no idea of what they're doing now, but at one time, they did that and more..

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                    • goldfish
                      Confirmed User
                      • Jan 2009
                      • 723
                      #6
                      I think they are talking about the commission split with the agency. The commission is usually 4%(or used to be in NC) of the total sale, a certain percentage goes the the RE firm, then the Realtor gets the rest. In this case the RE firm gets 10%, the Realtor gets 90%.
                      ICQ: 566990329

                      "There is no rest for the wicked... and porn purveyors!

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                        • MrMaxwell
                          Too lazy to set a custom title
                          • Jul 2005
                          • 10057
                          #7
                          Originally posted by goldfish
                          I think they are talking about the commission split with the agency. The commission is usually 4%(or used to be in NC) of the total sale, a certain percentage goes the the RE firm, then the Realtor gets the rest. In this case the RE firm gets 10%, the Realtor gets 90%.
                          Yeah
                          That's what it means
                          But, is that becoming normal out there, or what?
                          It's usually 50/50 broker/agent everywhere I've ever been..

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