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Agent2Agent in 90266 : Real Estate Advice

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  • Home Buying14
  • Home Selling3
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Activity 4
Wed Jul 22, 2015
Silvia Schwar asked:
I would like to know any recommendations on real estate eblast companies here in California. Do you send paid eblasts and what seems to work for your business? Do you open eblasts and from…
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Fri Jun 21, 2013
ella answered:
Thank you Susan,LInda,Robert,Cindy,Charles,Annette,Bill,John and Michael!

I read all the comments over and over!!!

I wish I can find a successful mentor,but that is the hard part,,, I can see why/how that would help my career more than anything.I know few people in the RE business but they are not in my area.
I will keep looking even I decide to go with one of the bigger brokerage.

After I read everyone's advice,I'm leaning toward to the office where (I feel like,at least...you would never know,right?) I can get more support.I had connection with some owners/managers of the broker more than others but I guess that is not a decision factor.
All the big brokerages seem like to provide pretty good training.

Thank you so much for all your help!
... more
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Sat Sep 22, 2012
Scott Hulen answered:
Here’s an example to the flip side to this discussion, we have a broker in our area that has a plan and billboards all over the interstates in the area he serves which states he will market any home for 1%. (Listing side and many conditions apply) He is a listing Realtor/Broker and his sales team are the selling Realtors®, this is his business model. When the ads first appeared many when to the state board and cried Sherman act, Sherman act it was found not to be a violation. I have seen no collusion on the part of brokers to alienate him or his team or his listings, but the general mood among the full service group is not favorable to his business plan and it maybe to the point where his listings do not get the same priority as others. Still yet another example of were fees should be discussed openly are short-sales. The banks change the rules at the last minute and won’t pay leaving many with a commission shortage or if the realtor is smart the contract states the homebuyer will make up the difference. No one wants to openly discuss this little secret and even if the discussion is had one on one with the consumer they forget they agreed to make up the difference or they did not understand. Hence an open discussion in an open forum would educate the consumer, and increase competition & awareness of how the process works. Finally, last but not least consumers need to understand fees & compensation on both sides of the equation, steering although illegal can still happen. It is evident when you look at a property on the MLS system and for whatever reason the property which is in good shape, in a good area, good schools & priced right has not sold. The only apparent factor involved is the rate of compensation is very low to the selling agent. Money and competition drive most markets but I see the Sherman act being stated more and more by realtors® as an attempt to impede competition, I often hear we need to protect our industry and this appears to be a tool some are trying to use. Our state Missouri is very conservative and does not allow rebates. The department of justice anti-trust division consistently applies pressure to our state for not allowing rebates, saying this impedes an open market and is a violation of the Sherman Act & a couple of other laws. There are currently only 9 states which have a ban on rebates.
Price Fixing (from the department of justice website note: a possible violation or reason for concern “NOT ADVERTISE PRICES”)
Price fixing is an agreement among competitors to raise, fix, or otherwise maintain the price at which their goods or services are sold. It is not necessary that the competitors agree to charge exactly the same price, or that every competitor in a given industry join the conspiracy. Price fixing can take many forms, and any agreement that restricts price competition violates the law. Other examples of price-fixing agreements include those to:
• Establish or adhere to price discounts.
• Hold prices firm.
• Eliminate or reduce discounts.
• Adopt a standard formula for computing prices.
• Maintain certain price differentials between different types, sizes, or quantities of products.
• Adhere to a minimum fee or price schedule.
• Fix credit terms.
• Not advertise prices.
... more
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