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Rainmaker
3,985,771
William Feela
WHISPERING PINES REALTY - North Branch, MN
Realtor, Whispering Pines Realty 651-674-5999 No.

WE work on a i will do your stuff I you do mine.  We don't compensate UNLESS the helping gets lopsided.

Apr 15, 2015 07:33 AM
Rainmaker
4,433,483
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

Thank you for the reminder. It depends on what they do while I am away. 

Apr 15, 2015 08:09 AM
Rainer
148,884
James Brockway
Brockway Realty, LLC - League City, TX

From a paperwork standpoint, I'm in good shape, using my smartphone, iPad and Surface while I travel, but the issue is showings.  I've been speaking with my agents lately about this and while they are always there for each other and for me, there is a question of compensation that needs to be addressed.  Some feel like William Feela does (I help you and someday you will repay the favor, gratis), but some would like some sort of compensation, whether it be an hourly rate for showings or a percentage of the commission.  I'm going to address this at our next meeting and come to a consensus.

Apr 15, 2015 07:56 AM
Rainmaker
696,394
Tamra Lee Ulmer
Arizona Resource Realty - Payson, AZ
NRBA ~FORCE~ Over 1000 REO Assets SOLD!

Debbie, that I do not have my Business is way too critical but I do have a very strong team and with my business, I still need to work on Vacation or when I travel the United States to attend major Conventions and Seminars...I am always at all times Monitoring my Business and rest assured that it is ran correctly and I'm on standby for any given emergency at all times. So...my definition of Vacation maybe a little different, it's traveling, yet working at the same time. Have a great day!

Apr 15, 2015 07:38 AM
Rainmaker
175,464
Spirit Messingham
Tierra Antigua Realty - Tucson, AZ
Third Generation Full-Time Realtor® 520 471-6900

I have not taken a vacation in over three years, I suspect that it might be time :)

Apr 15, 2015 06:04 AM
Rainmaker
3,529,765
James Dray
Fathom Realty - Bentonville, AR
Exceptional Agents, Outstanding Results

Going to Georgia in July and right now there is no other broker so it will be a working vacation....   

Apr 15, 2015 06:02 AM
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

I'm not taking a vacation.

Oct 03, 2018 05:42 AM
Rainmaker
851,129
Bruce Walter
Keller Williams Realty Lafayette/West Lafayette, Indiana - West Lafayette, IN

Debbie, we notify our non-urgent buyers that we will be away for "x" days and to please inquire after we return.  We have agents we just trade vacation work with for offers on listings or urgent buyers.  Seems to work well.  No compensation.

Apr 16, 2015 01:23 AM
Rainmaker
1,707,347
Joe Pryor
The Virtual Real Estate Team - Oklahoma City, OK
REALTOR® - Oklahoma Investment Properties

Always and it is either on a percentage basis if it is something where a contract is to be produced, or a flat fee for follow up. 

Apr 15, 2015 10:28 PM
Rainer
242,037
Richard Robibero, e-Pro, ABR, SRS
Panorama R.E. Limited - Toronto, ON
Selling Your Home as if it were My Own!

It's a family business for me so we are extremely lucky to not have to worry about compensation.

I like William Feela 's approach. You help me and I'll help you and if the helping is lopsided one way or the other you step up and compensate your backup. Else he may not be your backup for long!

Apr 15, 2015 10:13 PM
Ambassador
1,565,345
John McCormack, CRS
Albuquerque Homes Realty - Albuquerque, NM
Honesty, Integrity, Results, Experienced. HIRE Me!

Vacation?  What's that?  It's been full on real estate and we haven't even discussed a vacation.  Maybe it's time. When we're out of pocket for a couple of days we both take phones and laptops and never stop working. 

Apr 15, 2015 09:12 PM
Rainmaker
3,908,646
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Vacation time? What vacation time? Not going anywhere until mid-October!

Apr 15, 2015 08:49 PM
Rainmaker
562,993
Mark Don McInnes, Sandpoint
Sandpoint Realty LLC - Sandpoint, ID
North Idaho Real Estate - 208-255.6227

Rain Silverhawk and I work well together and trust one another explicitly.  A cheese burger with no tomato's usually takes care of Rain and I prefer no pickles.    Continue with a great week Debbie

Apr 15, 2015 03:20 PM
Rainmaker
572,970
Hella M. Rothwell, Broker/Realtor®
Carmel by the Sea, CA
Rothwell Realty Inc. CA#01968433 Carmel-by-the-Sea

Excellent question. As the broker, I would include vacations in the "policies and procedures" of the brokerage. Why? Because the reputation of the brokerage is on the line if clients are not treated correctly. I remember last summer when I ended up with a buyer who could not get hold of a listing agent who was on vacation. And THEY were only in town for a few days. After they asked me for assistance, even I could not get hold of her. And NONE of the other agents of that brokerage helped me to get some answers. They just kept saying, "we've left a message for her". Well, we moved on and they purchased another home over that weekend. My suggestion? Have another agent at the brokerage cover for you, splitting commissions if a buyer comes up.

Apr 15, 2015 02:39 PM
Rainmaker
1,683,050
Larry Johnston
Broker, Friends & Neighbors Real Estate and Elkhart County Subdivisions, LLC - Elkhart, IN
Broker,Friends & Neighbors Real Estate, Elkhart,IN

We do most of our work while on vacation with laptops, cell phones, docusign and emails. Our clients work with us while we are away.  If something new comes in, our assistant will assign it to one of our other agents.

Apr 15, 2015 01:48 PM
Ambassador
3,986,518
Debbie Reynolds, C21 Platinum Properties
Platinum Properties- (931)771-9070 - Clarksville, TN
The Dedicated Clarksville TN Realtor-(931)320-6730

What about negotiating an offer on my listing? How would some of you handle that?

Apr 15, 2015 12:44 PM
Ambassador
4,312,167
Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

Debbie Reynolds work with a colleague who always helps - no monetary compensation expected by him!

Apr 15, 2015 12:35 PM
Ambassador
2,224,067
Debbie Laity
Cedaredge Land Company - Cedaredge, CO
Your Real Estate Resource for Delta County, CO

Except for a few weekend trips, I probably won't be traveling this summer. I will stay close to home and man the office while the other agents are traveling. In my office, we all work together to help each other out. 

Apr 15, 2015 12:10 PM
Rainmaker
4,736,785
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

I have a very good friend (with a different company) that operates just like me, and we watch each other's business.    We generally do this for free for each other but if we have to write an offer, there is a 25% referral owed.

Apr 15, 2015 11:52 AM
Ambassador
1,124,997
Russ Ravary ~ Metro Detroit Realtor call (248) 310-6239
Real Estate One - Commerce, MI
Michigan homes for sale ~ yesmyrealtor@gmail.com

I let them take the leads that come in with a 25% referral to me.  If it doesn't work out then I will pay them extra.  But they should get a couple of good leads for 7 days of work 

Apr 15, 2015 11:33 AM
Rainmaker
6,369,579
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

When I refer business to other agents, they receive the commission and I receive a referral fee.

Some agents pay an hourly fee for agent coverage.

Apr 15, 2015 09:38 AM