Esther Preston (Heartland Realty)

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Rainmaker
915,973
Jennifer Mackay
Counts Real Estate Group, Inc. - Panama City, FL
Your Bay County Florida Realtor 850.774.6582

I don't compete with myself and that is what this essentially is.

If a customer wants my help, I will list and sell the propety but I will not cut my commission - exactly which part of my advertising or experise should I leave out of our transaction?

May 17, 2016 09:48 PM
Ambassador
3,722,438
Patricia Kennedy
RLAH Real Estate - Washington, DC
Home in the Capital

Esther,  Iguess it's not important that we like this business model. The client has to love it!

May 17, 2016 02:11 PM
Rainmaker
4,057,976
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

These types of brokerages are not new... they were around before and they will attract certain sellers, but not all. I don't even think about them as a factor impacting my business.

May 17, 2016 10:06 PM
Rainmaker
1,157,485
FN LN
Toronto, ON

There are many business models that people use.  I don't worry about whether I like or don't like another model.

May 17, 2016 05:05 PM
Ambassador
2,564,231
Fred Griffin Florida Real Estate
Fred Griffin Real Estate - Tallahassee, FL
Licensed Florida Real Estate Broker

     Why are Agents opposed to this business model?  If the house is in the MLS, and an Agent sells it as a Selling Agent, they still get paid a selling side commission. 

May 17, 2016 03:56 PM
Rainmaker
3,985,837
William Feela
WHISPERING PINES REALTY - North Branch, MN
Realtor, Whispering Pines Realty 651-674-5999 No.

To me it is a sign of desparation...but cutting their own throats

May 18, 2016 11:16 AM
Ambassador
3,037,614
Kathleen Daniels, Probate & Trust Specialist
KD Realty - 408.972.1822 - San Jose, CA
Probate Real Estate

It's an option for agents and sellers. There is a market for it. It does not impact me nor is it a service I choose to provide. 

May 18, 2016 05:26 AM
Rainmaker
1,380,773
Ryan Huggins - Thousand Oaks, CA
https://HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

I'm not worried about "Hope you sell".  They've been around for a long time and they seldom sell.

I've seen that trend for a few years.  I only know a couple of agents who've done it and the fine print is enough to make it very unlikely that it will happen.

May 18, 2016 03:21 AM
Rainmaker
1,635,742
Sandy Padula and Norm Padula, JD, GRI
HomeSmart Realty West & Lend Smart Mortgage, Llc. - Carlsbad, CA
Presence, Persistence & Perseverance

Sounds like a vicitm of the Law of Diminishing Returns. Not good for longevity in business.

May 18, 2016 01:24 AM
Rainmaker
1,716,504
Lyn Sims
RE/MAX Suburban - Schaumburg, IL
Schaumburg Real Estate

Wish you asked a cohesive question ....

May 18, 2016 12:27 AM
Rainmaker
3,069,934
Tony and Suzanne Marriott, Associate Brokers
Serving the Greater Phoenix and Scottsdale Metropolitan Area - Scottsdale, AZ
Haven Express @ Keller Williams Arizona Realty

I think any business model that is legal and ethical is fine...

May 17, 2016 10:52 PM
Rainmaker
1,988,128
Lise Howe
Keller Williams Capital Properties - Washington, DC
Assoc. Broker in DC, MD, VA and attorney in DC

to each his own said the old lady as she kissed the cow 

May 17, 2016 10:22 PM
Rainmaker
3,322,050
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of the Manchester NH's area Leading Agents

There are all kinds of models. Most sellers soon learn you get what you pay for and seek out a model that will guide them through the selling process. Some sellers will sell their home alone and others may lose tens of thousands in the journey to save money. 

May 17, 2016 10:10 PM
Rainmaker
873,575
Peter Mohylsky. Broker -BRIX REALTY
Miramar Beach, Florida - Santa Rosa Beach, FL
BRIX REALTY -DESTIN

I am not a fan of the model but acknowledge it is here to stay. My biggest complaint is that as an agent you end up doing twice the work for half mthe pay.

May 17, 2016 07:08 PM
Rainmaker
844,051
Pete Xavier
Investments to Luxury - Pacific Palisades, CA
Outstanding Agent Referrals-Nationwide

This is America, the home of many choices and business models. I have NO fear of the opposing models, just do what you know in your own model and make a mint!

I would have to say that a limited amount of prospects do genuinely well in the limited  assist services, but the great majority do need the full services of a professional for best results.

Some like Walmart (O.k. for some needs & mindsets), some like Saks! (Where a higher level of service with results is expected)

May 17, 2016 03:01 PM
Ambassador
5,360,011
Bob Crane
Woodland Management Service / Woodland Real Estate, EXP - Stevens Point, WI
Forestland Experts! 715-204-9671

I find it worth the money to hire a good agent.

Jun 20, 2017 08:11 PM
Rainmaker
818,707
Olga Simoncelli
Veritas Prime, LLC dba Veritas Prime Real Estate - New Fairfield, CT
CONSULTANT, Real Estate Services & Risk Management

Not familiar with it, nor do I really understand it from your description.

May 18, 2016 04:17 AM
Rainmaker
4,799,481
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

I am not familiar with them.

May 18, 2016 04:13 AM
Rainmaker
5,528,990
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Esther,

Different strokes for different folks.  It really has nothing to do with you.  They are catering to a segment of the population that likes cheap stuff and cheap services.  They are not looking for value, just cheap!

Others look for value, pay attention to those that do.  A

May 18, 2016 01:59 AM
Rainmaker
2,634,487
Richie Alan Naggar
people first...then business Ran Right Realty - Riverside, CA
agent & author

If there ever is a future problem, they keep poor records & agents are gone. You literally get what you pay for.

May 18, 2016 12:01 AM
Rainmaker
1,456,927
Michael Setunsky
Woodbridge, VA
Your Commercial Real Estate Link to Northern VA

Esther Preston I've seen a couple of these companies here in the past. They just faded away.

May 17, 2016 11:31 PM
Rainmaker
6,546,154
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

I prefer the structure of RE/MAX.

May 17, 2016 11:27 PM
Rainmaker
882,707
Annette Lawrence , Palm Harbor, FL 727-420-4041
ReMax Realtec Group - Palm Harbor, FL
Making FLORIDA Real Estate EZ

Esther,

What do you NOT LIKE about this business model?

Nordstrams gives little thought to the 'blue light special' at Kmart.

Today's agent has a choice. Compete in the market place and race to the bottom regarding compensation or do a better job communicating the value they represent and the agent must STOP play 'patty-cake' with those who mean you harm.

If you spend money with Z-devil, you have no foundation for complaint.

May 17, 2016 10:15 PM
Rainmaker
3,998,572
Richard Weeks
Dallas, TX
REALTOR®, Broker

I don't give it much thought.  I just do my thing.

May 17, 2016 10:09 PM
Rainmaker
532,994
Robert May
Robert W May - Lethbridge Real Estate - Lethbridge, AB
Real estate consulting

i dont like it at all,you are competing with your own client.

May 17, 2016 05:49 PM
Rainmaker
1,149,209
Sam Shueh
(408) 425-1601 - San Jose, CA
mba, cdpe, reopro, pe

If the owner sells himself.  One does not get paid a penny.

May 17, 2016 02:19 PM