Tag

commission check

“Errors of Commission,” Real Estate Edition

Two Types As everyone knows (or just legal-types?), there are two kinds of errors:  1) errors of commission; and 2) errors of omission. Less well-known is that there are also two kinds of errors of commission. The second kind? When your commission check gets miscalculated.  🙂   (Sorry) P.S.:  it was a negligible mistake, and quickly...
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“Checks With No Comma”

Euphemism for “Puny Paycheck” That was the phrase I heard at a real estate course this morning bemoaning the commission checks associated with $25,000 home sales — or leasing a property for 10% – 50% of the first month’s rent (see, “Why I Don’t Do Rentals“). While not common (thankfully) in the metro Twin Cities, home...
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