Comments on: Real Estate Agent Incentives http://www.canadiancapitalist.com/real-estate-agent-incentives/ Helping you invest and prosper Sun, 12 Feb 2012 00:54:40 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: dubai property http://www.canadiancapitalist.com/real-estate-agent-incentives/#comment-262473 dubai property Wed, 15 Sep 2010 07:14:50 +0000 http://www.canadiancapitalist.com/?p=3438#comment-262473 Thanks for the kind words. It’s taken me years to understand some of the things I wrote about in the article (and am still continuing to learn). I hope it will help in your real estate investing business Thanks for the kind words. It’s taken me years to understand some of the things I wrote about in the article (and am still continuing to learn). I hope it will help in your real estate investing business

]]> By: Lior http://www.canadiancapitalist.com/real-estate-agent-incentives/#comment-211145 Lior Wed, 17 Feb 2010 05:15:41 +0000 http://www.canadiancapitalist.com/?p=3438#comment-211145 Carl: the kind of mortgage brokers you ran into are amateurs and they put a black mark on other hard-working brokers. They even stain the reputation of the real estate brokerage. Sometimes I question the ethics of real estate agents. There are some who are exceptionally good but trying to find those are like looking for a needle in a haystack. Carl: the kind of mortgage brokers you ran into are amateurs and they put a black mark on other hard-working brokers. They even stain the reputation of the real estate brokerage. Sometimes I question the ethics of real estate agents. There are some who are exceptionally good but trying to find those are like looking for a needle in a haystack.

]]> By: Plan B Economics http://www.canadiancapitalist.com/real-estate-agent-incentives/#comment-211059 Plan B Economics Mon, 15 Feb 2010 22:00:11 +0000 http://www.canadiancapitalist.com/?p=3438#comment-211059 Interestingly, reducing transaction costs will likely push Canadian real estate into bubble territory. It is not clearly in a bubble today, however: http://www.planbeconomics.com/2010/02/15/canadian-housing-bubble/ Interestingly, reducing transaction costs will likely push Canadian real estate into bubble territory.

It is not clearly in a bubble today, however:
http://www.planbeconomics.com/2010/02/15/canadian-housing-bubble/

]]> By: Real Estate Agent Incentives | Canadian Capitalist | Drakz Free Online Service http://www.canadiancapitalist.com/real-estate-agent-incentives/#comment-210905 Real Estate Agent Incentives | Canadian Capitalist | Drakz Free Online Service Sat, 13 Feb 2010 11:00:58 +0000 http://www.canadiancapitalist.com/?p=3438#comment-210905 [...] the original post: Real Estate Agent Incentives | Canadian Capitalist Share and [...] [...] the original post: Real Estate Agent Incentives | Canadian Capitalist Share and [...]

]]> By: Real Estate Agent Incentives | Canadian Capitalist | Drakz Free Online Service http://www.canadiancapitalist.com/real-estate-agent-incentives/#comment-210904 Real Estate Agent Incentives | Canadian Capitalist | Drakz Free Online Service Sat, 13 Feb 2010 10:57:04 +0000 http://www.canadiancapitalist.com/?p=3438#comment-210904 [...] the rest here: Real Estate Agent Incentives | Canadian Capitalist Share and [...] [...] the rest here: Real Estate Agent Incentives | Canadian Capitalist Share and [...]

]]> By: Renovation Journey http://www.canadiancapitalist.com/real-estate-agent-incentives/#comment-210875 Renovation Journey Fri, 12 Feb 2010 22:31:04 +0000 http://www.canadiancapitalist.com/?p=3438#comment-210875 Like anything in a capitalist world, the buyer needs to be wear. In Canadian Capitalist's example, a purchase price increase of $10,000 is only a $125 commission increase for the agent. What ends up in their pocket, after the broker takes their cut, is even less. So, it's no wonder they aren't all that concerned with the final sale price. That being said, a good agent will be just as concerned about your referral, as they will be about their commission. A higher referral rate = higher volume of sales = higher level of income. I recommend getting a comprehensive referral from a trusted source. This should increase your chances of ending up with a real estate agent that cares just as much about service as they do about the bottom line. Like anything in a capitalist world, the buyer needs to be wear. In Canadian Capitalist’s example, a purchase price increase of $10,000 is only a $125 commission increase for the agent. What ends up in their pocket, after the broker takes their cut, is even less. So, it’s no wonder they aren’t all that concerned with the final sale price.
That being said, a good agent will be just as concerned about your referral, as they will be about their commission. A higher referral rate = higher volume of sales = higher level of income. I recommend getting a comprehensive referral from a trusted source. This should increase your chances of ending up with a real estate agent that cares just as much about service as they do about the bottom line.

]]> By: Carl http://www.canadiancapitalist.com/real-estate-agent-incentives/#comment-210858 Carl Fri, 12 Feb 2010 16:20:55 +0000 http://www.canadiancapitalist.com/?p=3438#comment-210858 I agree with Jerry when we purchased our house both agents were with Remax. In negosations, the selling agent did not want to give us 7 days for mortgage approval and insisted we use their inhouse broker. We used their broker ( broker A) who was with Morgage Intelligence. Before this I had spoken to another mortgage intelligence broker (broker B), when he found out that we had bought a house , he harassed us about all the work he had done even though he had not submitted an application. Five months later, I left 3 messages with broker A which he never returned about locking in our variable mortgage. When I finally reached him he snapped at me do whatever you want. Five years later broker A contacted us about helping us arrange a mortgage but I had used someone else. I agree with Jerry when we purchased our house both agents were with Remax. In negosations, the selling agent did not want to give us 7 days for mortgage approval and insisted we use their inhouse broker. We used their broker ( broker A) who was with Morgage Intelligence. Before this I had spoken to another mortgage intelligence broker (broker B), when he found out that we had bought a house , he harassed us about all the work he had done even though he had not submitted an application. Five months later, I left 3 messages with broker A which he never returned about locking in our variable mortgage. When I finally reached him he snapped at me do whatever you want. Five years later broker A contacted us about helping us arrange a mortgage but I had used someone else.

]]> By: Rewards Credit Cards, DIY Will, and Bug Out Bag | Million Dollar Journey http://www.canadiancapitalist.com/real-estate-agent-incentives/#comment-210840 Rewards Credit Cards, DIY Will, and Bug Out Bag | Million Dollar Journey Fri, 12 Feb 2010 12:31:01 +0000 http://www.canadiancapitalist.com/?p=3438#comment-210840 [...] Real Estate Agent Incentives @ Canadian Capitalist [...] [...] Real Estate Agent Incentives @ Canadian Capitalist [...]

]]> By: Canadian Personal Finance Blog » Blog Archive » Random Valentine’s Thoughts http://www.canadiancapitalist.com/real-estate-agent-incentives/#comment-210830 Canadian Personal Finance Blog » Blog Archive » Random Valentine’s Thoughts Fri, 12 Feb 2010 07:01:56 +0000 http://www.canadiancapitalist.com/?p=3438#comment-210830 [...] Given there is talk that MLS may be accessible to the public, the Canadian Capitalist’s post Real Estate Agent Incentives. [...] [...] Given there is talk that MLS may be accessible to the public, the Canadian Capitalist’s post Real Estate Agent Incentives. [...]

]]> By: A Lap Of The Blogs : WhereDoesAllMyMoneyGo.com http://www.canadiancapitalist.com/real-estate-agent-incentives/#comment-210825 A Lap Of The Blogs : WhereDoesAllMyMoneyGo.com Fri, 12 Feb 2010 05:10:42 +0000 http://www.canadiancapitalist.com/?p=3438#comment-210825 [...] Canadian Capitalist discusses real estate agent incentives. [...] [...] Canadian Capitalist discusses real estate agent incentives. [...]

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