Posts Tagged ‘ commission ’

HomeGain Inducts 18 Agents Into Its AgentEvaluator Clubs

Today HomeGain announced that it is inducting 18 AgentEvaluator® Find A Realtor® club members, bringing the total to 73 inducted agent members this year — and whom together have earned over $6.8 million in gross lifetime real estate commissions. Read the press release.

HomeGain last inducted 27 members into its clubs in July, and is now inducting an additional 18 members (see below for club agents’ names):

  • 5 new HomeGain Platinum Club members (totaling 369 agent members who have earned $125k or more in gross real estate commissions from HomeGain leads)
  • 7 new HomeGain Gold Club members (totaling 303 agent members who have earned $75k or more)
  • 6 new HomeGain Silver Club members (totaling 260 agent members who have earned $50k or more)

“We are pleased to induct these new club members and highlight their remarkable level of achievement,” stated Louis Cammarosano, General Manager at HomeGain.

HomeGain has 26 agent members in its Diamond Club (who have earned more than $500k in gross commissions) and two members in its Million Dollar Club (who have earned more than $1,000,000 in gross commissions).

HomeGain AgentEvaluator Award Club members have earned over $100 million dollars worth of real estate commissions since 1999 when HomeGain was founded. Award Club membership has grown to include 960 HomeGain members.

Newly inducted agent club member comments:

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Posted by: Jessica Gopalakrishnan on October 26th, 2010 under AgentEvaluator

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Short Sales? Don’t You Mean Long Sales?

The term “short sale” was hardly even heard of 4 years ago.  The name alone is so ironic in that it usually takes 3 months to a year to close.

Most Realtors® won’t even show them as now a days you are lucky if they close at all. They are without a doubt the most frustrating of all sales. Still I guess we will be forced to live with them until someone let’s the lawmakers know that enough is enough.  We need regulations and rules.  Realtors are either getting rich or running for the poor house.

Fannie Mae recently passed a regulation that prohibits banks from negotiating the buyers commission or reducing them. A small but great victory for buyer’s agents who are at the mercy of the listing agent.  Most of the time they offer 2.5% – 3% and state on the MLS that if commissions are reduced they are split 50/50.

Well I guess we have to take the word of the listing agent and their escrow officers on this.

I recently had a listing agent tell me that they reduced the total commission to 3% and I was to settle for 1.5%. She then accidentally forwarded me an email from the bank negotiator, who allowed a 7% total commission.  Talk about dishonesty and greed.  Unfortunately it is very prevalent in this market.  I did manage to get my 3% but with a lot of Broker to Broker combat.

How I long for the old days. Continue reading this post

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Posted by: Peggy Aldinger on September 27th, 2010 under Short Sales and Foreclosures

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10 Things You Should Know About Working With a REALTOR

10-things-you-should-know-realtorI am continually amazed by how little some people know about the real estate business.

Most people generally have a good idea about how the industry works but every now and then I run into someone who is pretty naïve about the home buying process. Even doctors, lawyers, CEO’s and other professionals may not know how our business works.

Here are 10 things you should know about working with a Realtor®.

1)  Realtors® work on commission

There may be a few exceptions here and there but most Realtors work on 100% commission. That means no salary, no draw, no bonuses, no nothing. If there is not a successful closing the Realtor does not get paid. No only do they not make any money they actually lose money. Agents are essentially small businesses with various expenses like advertising, websites, business cards, stationary, direct mailers, gas, time and energy. If they don’t generate revenue they lose money.

Realtors are not public servants. Don’t ask them to work for you if you don’t think they will get compensated with a commission from a successful transaction.

2)  Hire a Realtor®

First figure out if you want to work with or without a Realtor. Some people want to work directly with the listing agent because they think that they will get a better deal on the property. If you do want to work directly with the listing agent keep in mind that they had a prior relationship with the seller before meeting you. The Realtor might look out for the seller’s interests instead of yours. It might be best to hire a Realtor that represents you in the transaction. Continue reading this post

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Posted by: Marc Rasmussen on October 5th, 2009 under Buying or Selling a Home, Realtor

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Realtors with Integrity Earn Customers for Life

Instead of doing my usual educational post, I figured I would tell you a quick story that is the reason I stayed in Real Estate.

abraham-lincoln-integrity-values-moralsWhen I lost my Internet Company in 2000 after the big bubble burst, I was offered several jobs from Radio groups to handle their national Internet efforts.  They were pretty high paying jobs all over $200k per year.  However, after talking with my girlfriend, now my wife, I realized that I just didn’t want to spend every day of  the month traveling.  I had just done that for the past several years and I was beat!

A friend of my better half was in Real Estate and she kept telling me I should get into Real Estate.  It’s a lot of work but with my personality I would do great…so she told me.  Continue reading this post

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Posted by: Mitch Ribak on September 12th, 2009 under Lives of The Realtors

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