One of our company's related businesses sent out an email: "Full 3% commission up front" was in the advertisement.

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David Barr (Berkshire Hathaway HomeServices Florida Realty)

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Rainmaker
1,119,246

Candice A. Donofrio

Next Wave RE Investments LLC Bullhead City AZ Commercial RE Broker - Fort Mohave, AZ

928-201-4BHC (4242) call/text

"How To Go Under FAST" LOLLL
And I believe it is probably a violation that centers on the world 'Full'.
That would suggest a 'standard'.

Mar 04, 2016 03:06 AM

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2

Ambassador
5,216,827

Jeff Dowler, CRS

eXp Realty of California, Inc. - Carlsbad, CA

The Southern California Relocation Dude

It feels like a violation but I am no attorney. Interested to read the thread as it develops. And what does "up front" mean?

Mar 04, 2016 02:16 AM

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2

Candice A. Donofrio

Fort Mohave, AZ

Rainer
94,155

Val Evans

Scottsdale, AZ

Why would it be a violation? Nobody's conspiring with anybody. Now if the email had said that we and several other brokers in the area decided to charge a 3% commission... that would be a violation. Brokers are free to choose to charge whatever they want. It's when they all get together to set a firm rate (price fixing) is where they get into trouble.

Mar 04, 2016 02:09 AM

Upvote

2

Diana Zaccaro Broker A...

Cocoa Beach, FL
Joan Dickie

La Crosse, WI

Rainmaker
140,768

Joan Dickie

Keller Williams Premier Realty - La Crosse, WI

Keller Williams Premier Realty

What was their business? Who were they trying to attract? As long as they weren't trying to set commissions with other business, I think they are ok. Possibly RESPA depending on the business?

Mar 04, 2016 05:39 AM

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1

Diana Zaccaro Broker A...

Cocoa Beach, FL

Rainmaker
1,550,080

Ryan Huggins - Thousand Oaks, CA

https://HugginsHomes.com - Thousand Oaks, CA

Residential Real Estate and Investment Properties

I'd be curious to know what the related business is. I've seen similar ones from "payday advance" type companies that the state is advertising.

Mar 04, 2016 01:44 AM

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1

Fred Griffin Florida R...

Tallahassee, FL

Rainmaker
4,273,331

Paul S. Henderson, REALTOR®, CRS

Fathom Realty Washington LLC - Tacoma, WA

South Puget Sound Washington Agent/Broker!

Where do I get in line

Mar 05, 2016 07:37 PM

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Rainmaker
5,596,114

Wayne Martin

Wayne M Martin - Oswego, IL

Real Estate Broker - Retired

Builder's offer this when all contingencies are removed from the contract. No problem here in Florida!

Mar 04, 2016 09:10 PM

Upvote

Rainmaker
2,759,862

TeamCHI - Complete Home Inspections, Inc.

Complete Home Inspections, Inc. - Brentwood, TN

Home Inspectons - Nashville, TN area - 615.661.029

Yikes! This seems to be a violation of free trade. Check with an attorney.

Mar 04, 2016 05:49 PM

Upvote

Rainmaker
5,774,217

Ron and Alexandra Seigel

Napa Consultants - Carpinteria, CA

Luxury Real Estate Branding, Marketing & Strategy

David,

Sounds like one and it makes no sense. A

Mar 04, 2016 01:06 PM

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Rainmaker
2,234,971

Debbie Laity

CinaJones Real Estate - Cedaredge, CO

Your Real Estate Resource for Delta County

What business? Is the commission paid out or paid to?

Mar 04, 2016 11:11 AM

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Rainmaker
2,443,346

Evelyn Johnston

Friends & Neighbors Real Estate - Elkhart, IN

The People You Know, Like and Trust!

I don't think it would be...if they are a related business they are not a real estate agent and the commission they pay has nothing to do with real estate commission. An attorney would need to weigh in on this, like Lise Howell?

Mar 04, 2016 10:46 AM

Upvote

Rainmaker
1,122,849

Diana Zaccaro Broker Associate

ZOOM Realty Group - Cocoa Beach, FL

"The Accidental Blogger" Cocoa Beach, Florida

What exactly are you calling a "related business"? And is it owned by your company? Or are you referring to what we call "affiliates" (non-real estate businesses) that provide ancillary services to REALTORS?

Mar 04, 2016 07:44 AM

Upvote

Rainmaker
2,884,284

Richard Alan Naggar

people first...then business Ran Right Realty - Riverside, CA

agent & author

I find it a general violation meaning tempting people with money doesnt speak well to me. Not wise to base what you do on money alone

Mar 04, 2016 07:39 AM

Upvote

Rainmaker
4,434,277

Gita Bantwal

RE/MAX Centre Realtors - Warwick, PA

REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

I do not know what the related business is.

Mar 04, 2016 06:36 AM

Upvote

Rainmaker
1,660,428

Inna Ivchenko

Barcode Properties - Encino, CA

Realtor® • GRI • HAFA • PSC • Short Sale • Probate

I do not know what that means. I'd consult the lawyer.

Mar 04, 2016 06:34 AM

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Rainmaker
1,157,847

FN LN

Toronto, ON

I am not familiar with the laws, regulations etc. applicable to your company's jurisdiction(s).

Mar 04, 2016 05:21 AM

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Rainmaker
939,708

Jeff Pearl

Realty One Group Capital / LIC in VA - Lovettsville, VA

Full Service Full Time Realtor

The closest I've seen to this is Toll Bros advancing a % commission when a new construction house goes under contract. I suppose they could pay 3% if they wanted.

Mar 04, 2016 04:18 AM

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Rainmaker
1,466,257

Michael Setunsky

Woodbridge, VA

Your Commercial Real Estate Link to Northern VA

David Barr No, we used to have a company here called 4% Realty. They had no problem getting an approved firm license from the real estate commission.

Mar 04, 2016 03:44 AM

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Rainmaker
634,582

Kathleen Luiten

Resort and Second-Home Specialist - Princeville, HI

Kauai Luxury Ocean Home Sales

I'm not sure of the rules in your area, David Barr . In my region most likely it is a violation.

Mar 04, 2016 01:45 AM

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"How To Go Under FAST" LOLLL
And I believe it is probably a violation that centers on the world 'Full'.
That would suggest a 'standard'.
It feels like a violation but I am no attorney. Interested to read the thread as it develops. And what does "up front" mean?
Why would it be a violation? Nobody's conspiring with anybody. Now if the email had said that we and several other brokers in the area decided to charge a 3% commission... that would be a violation. Brokers are free to choose to charge whatever they want. It's when they all get together to set a firm rate (price fixing) is where they get into trouble.
What was their business? Who were they trying to attract? As long as they weren't trying to set commissions with other business, I think they are ok. Possibly RESPA depending on the business?
I'd be curious to know what the related business is. I've seen similar ones from "payday advance" type companies that the state is advertising.
Builder's offer this when all contingencies are removed from the contract. No problem here in Florida!
Yikes! This seems to be a violation of free trade. Check with an attorney.
I don't think it would be...if they are a related business they are not a real estate agent and the commission they pay has nothing to do with real estate commission. An attorney would need to weigh in on this, like Lise Howell?
What exactly are you calling a "related business"? And is it owned by your company? Or are you referring to what we call "affiliates" (non-real estate businesses) that provide ancillary services to REALTORS?
I find it a general violation meaning tempting people with money doesnt speak well to me. Not wise to base what you do on money alone
I am not familiar with the laws, regulations etc. applicable to your company's jurisdiction(s).
The closest I've seen to this is Toll Bros advancing a % commission when a new construction house goes under contract. I suppose they could pay 3% if they wanted.
David Barr No, we used to have a company here called 4% Realty. They had no problem getting an approved firm license from the real estate commission.
I'm not sure of the rules in your area, David Barr . In my region most likely it is a violation.