Realtor(Someone that I have known for several years): Hey, John do you know any land for sale near you?
Me: Well there is a tract for sale just South of my land.
Realtor: Is that the piece with the realtor sign on it.
Me: Yes, but it may be sold.
Realtor: No, no, I am looking for something that a realtor hasn't touched, because I just hate having to work with realtors!
Yes
:good:
Did he ask why you suddenly broke into uncontrollable laughter?
He was hoping to find a fresh listing where he might get the full fee. Typical payoff for multilist/share with another realtor is 50/50, yet one typically does much more work than the other. He was hoping to get lucky. Also, in the typical real estate office, the owner of the firm receives 60 percent or more of whatever that office receives of the total fee, with the salesperson receiving 40 percent or less of that figure. So, the person doing the bulk of the work frequently receives 20 percent or less of the total fee collected at closing. In most offices, one salesperson will get the listing and another will find the buyer, thus splitting their share of the total to half or some other ratio. For example, on a sale where the total realtor's fee is $5000 the owner/broker receives $3000, the listing salesperson receives $1200 and the selling salesperson receives $1800. Or the other way around. When a second firm is involved all of those numbers typically get cut in half.
Hey, maybe we ought to start something like this in surveyin!
A client calls around to a couple of surveyors to get the cheapest one.
The surveyor he called first ought to get half the fee! Of course, the more surveyors he calls, the lower everyone's fees.
The downside is the unlucky surveyor who was the cheapest!
Oh, well. He was cheap to begin with. He could not have stayed in business much longer, anyway. B-)
