Industry leaders are cautioning agents working Toronto’s west end, warning them about a seemingly ideal client intent on luring them to vacant properties.
Four months after having its hand slapped by TREB, this online brokerage is closing its doors.
I'm guessing the 8 years I have spent as a "discount" realtor is just a short time and the services I provide tend to be as much or more than most of my "non discount" colleagues. Most do not have 200 or so pages on their web site with 100s of hrs of podcast and 700 plus videos of the local area. The reason I work as a 1% Realtor is a certain segment of the market needs and or wants a deal on commissions and we offer it. We do not offer less service and or less negotiation skills than other agent. Personally I spent a decade running my own business and negotiated over 200 plus wage packages and millions in procurement. To suggest minimum effort is for minimum commission is rather sweeping. Here is the fact on discount Realtor companies like 1%; what they cut out is the big office with the big board room, you know the place the one with all the leased BMW out in the parking lot. After 8 years with 1% I have only been to the office once. They do not provide office space to hang out in and mostly all the 1% agents I know don't have time to hang out they are too busy writing deals and making sales. If we need to talk to our broker and or office staff they are only a text or email away. 1% is a lean model that seems to work well for our clients and our hundreds agents. The role of the Realtor and role of the broker is changing. So many of the buyers and or sellers and doing so much of what used to be done by agent it's not surprising so many want to pay a little less. When was the last time a client walked into a real estate office and said they wanted to buy or sell a home? Now so many spend so much time and energy on line searching they are looking to team up with agents who can work at their pace and not stuck in a 1993 model. FYI I do plan on being in the top 20% of the Victoria Real Estate Board this years.
Hey Scott, charge 2% and get into the top 10%. Some work hard some work smart! Life is short.
If being in the top 10% was based on number of transactions I sure I might be in the top 10% this year but it's not it based on a gross number. I have had only one home over the mil mark this year it was a stunning south facing low bank waterfront and yes I helped my client negotiated and they got it for 1.8mil from a asking of 2.1mil. So Terry charging 2% would not make much of a difference. I really do not care if the board send me another cheap brass sticker to add on to the cheap wall mounted plaque they sent me years ago. Just looked around my office and do not even see it. To me there is nothing worse than the agent who advertises #1 top producer...gold winning...etc etc.. It's really lame. To me it's really all about making people happy. There is nothing like being there on possession day and seeing a family get their new home. It's really all about putting the client needs first and being there for them and helping them though the process. Helping them find the right home and guiding them away from the wrong homes. To me it's not about the commission and or the money besides my wife gets it all she only give me 100 per week. Dang I need a raise.
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