Tag

payout

MLS: “Buyer’s Agent Commission = 22.7%” (How Much?!?)

Realtor Typo’s — Exhibit A Notice anything amiss in the just-listed Wayzata condo? Realtors will. That’s because, instead of the standard 2.7% payout — the commission offered to the Buyer’s agent — the listing broker is promising to pay a whopping 22.7%(!!). Here’s guessing that that gets corrected in the next few hours . ....
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Do Realtor Sales Incentives Work?

MLS Agent Remarks: “$10,000 Agent Selling Bonus!” [Editor’s Note: The views expressed here are solely those of Ross Kaplan, and do not represent Edina Realty, Berkshire Hathaway (“Berkshire”), or any other entity referenced. Edina Realty is a subsidiary of Berkshire.] After seeing virtually no sales incentives offered to Buyers’ agents seemingly for years, I’ve now...
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Why (Most) Twin Cities Realtors Don’t Do Rentals

Loss Leader Cooperating Broker Compensation Buyer Broker Comp: $ 100 Sub-Agent Comp: 0 % Facilitator Comp: 0 % Variable Rate: N List Type:  Exclusive Right In Foreclosure?: No Lender Owned?: No Owner is an Agent?: No –Excerpt, MLS Rental Listing I know a (very) few Twin Cities agents who handle rentals — but I’m not...
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“Seller’s Market” Side Effects: More Would-Be Realtor ‘Hogs’

Non-Listed Listed Homes One of the side effects of a seller’s market is more homeowners who believe that they can sell their home without a Realtor (called “For Sale by Owner,” or “FSBO”). Here’s another:  homes putatively listed by a Realtor, but nowhere to be found on MLS (Multiple Listing Service, the repository for all...
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Banks Try to Stick Foreclosure Buyers with Seller Transfer Taxes

“They Can’t Do That!!”  (Can They??) Add one more item to the list of annoyances — and expenses — associated with buying a foreclosure in the Twin Cities. So, word the last week or so is that at least some banks in town selling REO (“Real estate owned”) properties — also known as foreclosures — are...
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Does a Fatter (Commission) Carrot Work?

Test your knowledge of today’s real estate market, and answer the following question: Does dangling a fatter commission to the Buyer’s agent — what Realtors call the “listing payout” — result in a faster sale, for more money? A. No. B. Yes. C. Sometimes D. It depends on how much. Answer:  “D.” (credit also given for...
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