Posts tagged More on transparency

More on transparency in Realtor fees

I have a new “million dollar listing”.Before you congratulate me on my pending fortune, consider this, using easy math:Sales price of $1,000,000My company’s commission: $30,000Referral commission: 35% …  so now we’re working with $19,500 -Cut that $19,5 in half = $9,750Take taxes out – $6,825Take expenses out – maybe $5,000If it takes a year to sell …  It’s just not that profitable.Call me a hypocrite, but …  it is the second “million dollar listing” I’ve had – furthering one of my goals for 2007 – to work in a higher price range.

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