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Rainmaker
2,410,591
Joe Petrowsky
Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709 - Manchester, CT
Your Mortgage Consultant for Life

Good morning Charles. Not a chance when it comes to real estate, but on the mortgage side, the fees charged are regulated.

Apr 13, 2015 07:55 PM
Rainmaker
3,531,600
James Dray
Fathom Realty - Bentonville, AR
Exceptional Agents, Outstanding Results

No sir not a chance.  

Apr 13, 2015 07:36 PM
Rainmaker
826,607
Pete Xavier
Investments to Luxury - Pacific Palisades, CA
Outstanding Agent Referrals-Nationwide

If an agent has this problem with broker's control on the listing fee, I would recommend moving to a different broker or take the broker's exam. Any broker doing this would hurt the agents negotiable leeway as an independent contractor (Reasonable minimums are fine).

Apr 13, 2015 02:03 PM
Rainmaker
379,589
Cindy Davis
SD Home Source Realty - San Diego, CA

No. That is one of the primary reasons I became an independent broker. I love the flexibility to price my listings according to seller need, projected ease of the sale, and future transactions with the seller.

Apr 14, 2015 01:22 AM
Ambassador
1,565,545
John McCormack, CRS
Albuquerque Homes Realty - Albuquerque, NM
Honesty, Integrity, Results, Experienced. HIRE Me!

As a QB I get a set % and do not get in the business of what my Agents list for. 

Apr 14, 2015 12:07 AM
Rainmaker
175,464
Spirit Messingham
Tierra Antigua Realty - Tucson, AZ
Third Generation Full-Time Realtor® 520 471-6900

To a degree, they do.  The brokerage I hang my license at, Tierra Antigua Realty is not a discount brokerage, our co broke % needs to be a certain min number.  We may present the option of variable rate, if we happen to bring the buyer on the transaction.  I have no problem with it, and been at the same brokerage my entire career in real estate (8 years).

Apr 13, 2015 11:34 PM
Rainmaker
1,093,167
Kevin J. May
Florida Supreme Realty - Hobe Sound, FL
Serving the Treasure & Paradise Coasts of Florida

No, unless the criteria is spelled out in your independent contractor agreement. Even at that I would find it very much like skating on thin ice if they did.

Apr 13, 2015 11:17 PM
Rainmaker
280,449
Jeanne Gregory
RE/MAX Southwest - Sugar Land, TX
The most important home I sell is YOURS!

Nope.  I pay them to work there.  I can charge what I want.  Have I ever sold one for free, yes.  Was it necessary?  Of course.  And there is an 80 year old couple who are at peace now because they are safe and have some money in the bank.

Apr 13, 2015 11:14 PM
Rainmaker
832,218
Jeff Pearl
RE/MAX Distinctive / LIC in VA - Lovettsville, VA
Full Service Full Time Realtor

No. because the agent is the one that sellers are sharing their personal and financial info with, and their payoff amounts. Sometimes commissions must be reduced to avoid certain situations, like a short sale for example, or sellers have no cash on hand to bring to settlement and will be netting close to zero on the sale.

Apr 13, 2015 10:09 PM
Rainmaker
5,570,688
Barbara Todaro
RE/MAX Executive Realty - Retired - Franklin, MA
Previously Affiliated with The Todaro Team

our brokerage does not control that.... we can sell a home for nothing.... we don't but we could...

Apr 13, 2015 10:04 PM
Rainmaker
869,401
Annette Lawrence , Palm Harbor, FL 727-420-4041
ReMax Realtec Group - Palm Harbor, FL
Making FLORIDA Real Estate EZ

That response will become crystal clear. 

ABSOLUTELY NOT!

Why? Because it will cause a segment of the homeowner population to be abandoned, unable to get professional services.

But the broker will claim by sustaining a minimal fee the cannibalistic nature of independent contractors will be abated and a sustainable income could be achieved. 

Let there be no doubt, an altruistic nature is not what motivates a broker, it is MONEY. The goal is to shore up their revenue. There is transgression underway, wearing the suit the broker believes can fool the sheep.

Apr 13, 2015 09:55 PM
Rainmaker
1,965,369
Lise Howe
Keller Williams Capital Properties - Washington, DC
Assoc. Broker in DC, MD, VA and attorney in DC

I am on the side of the independent contractor approach - we are independent contractors and can charge what we should to move our business forward. A broker can set minimums - I think - and if as an agent I want to go below that - then I still owe the broker his/her cut. 

Apr 13, 2015 09:40 PM
Rainmaker
3,910,866
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

No, they shouldn't. I sign an independent contractor agreement with my firm annually. To me that means I'm independent and get to run my business the way I need/want to as long as I don't break any laws.

Apr 13, 2015 09:00 PM
Rainmaker
4,799,356
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

They can set standards of practice.

Sep 28, 2018 06:52 AM
Rainmaker
629,951
Ajay Pandya
e-Merge Real Estate - Columbus, OH
Realtor Ajay Pandya

No.

Apr 17, 2018 10:34 PM
Rainer
66,214
Evelyn M Epperson
Coldwell Banker Residential Brokerage - Johns Creek, GA
A Tradition Of [Excellence, Trust & Service]

No Way!

Apr 14, 2015 06:05 AM
Rainmaker
1,624,372
Sandy Padula and Norm Padula, JD, GRI
HomeSmart Realty West & Lend Smart Mortgage, Llc. - Carlsbad, CA
Presence, Persistence & Perseverance

No, not if we are independent agents. Might be time to find a new office?

Apr 14, 2015 05:14 AM
Rainmaker
1,445,127
Michael Setunsky
Woodbridge, VA
Your Commercial Real Estate Link to Northern VA

Charles Ross Most definitely! Agents often forget that all listings belong to the broker therefore, they should develop an office policy and control what is charged. The broker is responsible for and accountable for everything an agent does.

Apr 13, 2015 10:56 PM
Rainmaker
1,707,347
Joe Pryor
The Virtual Real Estate Team - Oklahoma City, OK
REALTOR® - Oklahoma Investment Properties

Yes, but it depends what you mean by control. I think minimum standards should be put into place and if the rate is changed this should be a conversation between broker and agent. 

Apr 13, 2015 10:21 PM
Rainer
55,246
Tabitha Rector-Richardson
Premier Homes Realty - Owings Mills, MD
Premier Homes Realty (443) 415-4215

Most brokerages have minimums they allow Agents to charge but for extenuating circumstances you can ask for permission to reduce the commission.

Although Agents are independent contractors, at the end of the day your listings belong to the Broker. I'm a Broker, I have minimums but the Agents are free to charge what they want as long as it doesn't go below the minimum.

Apr 13, 2015 09:27 PM