Webster’s for Realtors OK, so they may sound like snowboarding manuevers. To Realtors, however, “commission splits” and “cross-over points” are two of the most important terms in the industry. So, what are they? A Realtor’s commission split is how much of each paycheck they share with their broker. Depending on the Broker and the individual Realtor’s arrangement, Realtors can...Read More
The Edina Realty City Lakes Realtor of the Month (December) would be . . . me! The prize: boasting rights (including this post) — and a reserved parking spot closest to the City Lakes front entrance. Thanks, Matt! (that would be Matt Loskota, City Lakes office manager, aka “the decider”). P.S.: the downside? Now, I really have to get...Read More
1 + 1 = 3? Or, 1 + 1 = Minus 2? Is co-listing “two Realtors for the price of one?” Or is it effectively no Realtors, for full price? It depends on the circumstances, of course. Ideally, however, the Seller benefits from Realtors whose skills and market knowledge are complementary, and who communicate seamlessly with...Read More
Side Effect of Strong Rental Market, Miniscule Interest Rates For the vast majority of Sellers, threatening to rent if they can’t get their price is a bluff (see, “The Rental Bluff“). The exception to that? The owner of an older, dated home, with substantial equity, who doesn’t need the money for another home and isn’t about...Read More
How Much Is a Strong Realtor Really Worth? So, which offer did the Seller of this new-to-market St. Louis Park rambler choose to work with the other week? (Yes, multiple offers can and still do occur in today’s housing market, albeit only for homes in good locations, that are well-priced, and in move-in condition). Was it the highest offer?...Read More
Realtor R&R Once upon a time — like 25 years ago when I was an auditor and a CPA — one of the requirements for good, internal corporate control at a small entity was that the bookkeeper was required to take at least 2 weeks of annual vacation. The motivation wasn’t the health and well-being...Read More
