I did the due diligence on the vacant lot, during the negotiation, and would have accepted it, as the value, the LTV, the terms, and the marketability were all good.
I recently wrote a commercial lease where barter from the represented tenant was entertained as part of the deal. As it turned out, the landlord also wants the bartered goods and services, so I get cash for my commission anyway.
Sometimes, the willingness to be creative and imaginative (while obeying all codes and laws) is enough to help the deal move along to a conclusion. - Neither deal might have happened if I hadn't shown that wilingness to at least consider an alternative.
In 1989 - 1991 it was a fairly common occurance to be creative with the commission, especially with foreclosure sales.
I bartered all or part of the commission on many transactions.
I traded my side for braces for my step-daughter on one deal.
1950 Dodge pickup truck in pristine condition.
1963 2-door Mercedes convertible.
1957 42 foot live-aboard boat with slip docked in Stockton.
Equity in a 1 bedroom condo at Adams Point in Oakland.
Note against another property.
Jewelery and contractor services.
I re-sold the items. The seller took the trade items in some cases.
Whatever it takes to put deals together.
Your San Diego County Realtor
After all is said and done, it is much easier and cleaner to simply pay cash.
I have seen bonuses offered such as trips, extras cash, gift certificates, and plasma televisions. These offereings were in addition to the buyer agent commission. Often they had time limits associated.........i.e. for an acceptable contract before x date. I have only seen non-cash offers associated with bonuses, never the base compensation.
Would be interested to hear what others say? Does it interest you? Do you think non-cash compensation is good? As base pay? As bonus?
This is a very common practice in all other businesses (salaried, none salaried, construction, stcok broker, ...,etc), where if you do a great job, exceeds the expectation, then you get a bonus, a raise, or whatever.
Just to clarify, I work for a very large (proudly, #1 in Marin) real estate company with very high standards, strict rules and regulations that we have to follow; so this is a completely out of the box thinking purely for discussion purposes.
Where do you come up with these questions?! I personally have never been offered anything but cash! I do think it would be a little harder to split an object with your broker. I doubt most brokers would allow it. Although it would be interesting to hear if someone has been offered something else and what their outcome was.