Everyone's Talking about Real Estate Commissions : ARDELL's Seattle Real Estate Blog

ARDELL's Seattle Real Estate Blog

Jul. 21, 2006 - Everyone's Talking about Real Estate Commissions

Further to mine of July 18th let's tie in some great discussions going around in the last three days.

These discussions move around from talking about Real Estate Commissions and "Discounters" to Who Represents Whom in the Real Estate Transaction to DOJ suing NAR...in other words ALL of the HOT TOPICS! Interesting reading, while it lasts, before someone "puts the lid on it".

This one of Russ' was short, but the 65 comments to date add quite a bit to this whole "discussion".

This one of Robert's may add a substantial amount of "food to the fodder" and is clearly one to watch in terms of comments.

Greg Swan is on a roll!! Couldn't highlight all the great stuff there if I wanted to, so read the whole last ten days of stuff over at Bloodhoundblog. In fact, highly recommend you add that to your RSS feed.

Sellsius is going a little sideways, but mainly because of their New York perspective. So for Pacific Northwest readers, you need to take the NY articles and comments from New Yorkers to our articles with a grain of salt, because our laws and common practices here in the Seattle area are quite different.

To assist you in that regard, note that every agent here in the Seattle area represents the BUYER at first contact and NOT the Seller. The agent whose NAME is on the FOR SALE sign, the Listing Agent, represents the Seller when they first talk with a buyer. Everyone else does not, except if the "agent" you are speaking with is the Broker of the Listing Agent...in which case that person would be a Dual Agent at first contact.

If you don't get that last paragraph,you can comment or email me, IF you are not currently represented by a real estate agent in a real estate transaction. If you have an agent, I cannot "second guess" the agent...because contrary to recent aspersions to the contrary...I do in fact have "ethics" even though I am not a Member of the "Realtor" trade organization :-)

Which raises a point. I just spoke with a writer for The Wall Street Journal who called me this morning, and she did not know that Realtor was not a generic term for someone who sells real estate. Amazing. Maybe it is time to go the way of kleenex vs. Kleenex in that regard. When The Wall Street Journal doesn't make the distinction...hmmmmmm

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Jul. 21, 2006 - re: Everyone's Talking about Real Estate Commissions

Posted by Anonymous

ardell,

an interesting "did you know?"

if you thought that new york was living in the stone ages re: agency, then here's something that might really knock you off your chair.....manhattan has no official mls. yet, somehow, new yorkers seem to get the job done. how do like them nyc "apples"?

-rdb.sellsius°

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Jul. 22, 2006 - re: Everyone's Talking about Real Estate Commissions

Posted by ARDELL DellaLoggia

Actually Rudy, I have no problem with NY not having an mls. City of Philadelphia has no keyboxes downtown, last I heard and the downtown agents control their marketplace. Just how it is. I am not as sensitive about agent to agent issues, as I am about agent to consumer issues. I just thought the days when a buyer was running around with an agent they thought was "their" agent, but who represented the seller were long gone. I think the "no mls in NY' was broadly broadcast when Trulia opened there. I think it was Trulia. So not a surprise.

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Jul. 23, 2006 - re: Everyone's Talking about Real Estate Commissions

Posted by Anonymous

Awesome blog, awesome articles! I especially love the ethics behind your posts. Thanks.
http://www.historiccentralphoenix.com

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Jul. 23, 2006 - re: Everyone's Talking about Real Estate Commissions

Posted by ARDELL DellaLoggia

Thank you!! That's thank you for the blog comments...my Mom and the nuns get the Kudos for the ethics :-)

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Sep. 12, 2006 - re: Everyones Talking about Real Estate Commissions

Posted by Anonymous

yeah commissions thats a great topic to talk to. tnx for the post.

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ARDELL DellaLoggia On Seattle Real Estate including Kirkland, Bellevue, Redmond, Green Lake and most areas around Lake Washington North of Downtown Seattle. Phone: 206-910-1000 - Mailto:Ardell@RainCityGuide.com