Comments on: Wish list for the real estate industry http://blog.findwell.com/real-estate-industry/wish-list-for-the-real-estate-industry/ Real Estate Info, Advice, Statistics & Discussion Fri, 03 Sep 2010 14:12:25 +0000 hourly 1 http://wordpress.org/?v=3.0.1 By: Michael P Lindekugel http://blog.findwell.com/real-estate-industry/wish-list-for-the-real-estate-industry/#comment-2 Michael P Lindekugel Fri, 03 Oct 2008 16:06:29 +0000 http://blog.findwell.com/uncategorized/wish-list-for-the-real-estate-industry/#comment-2 <p>1. Sellers pay the selling agent commission and buyers pay the buyer's agent commission</p> <p>I disagree it would put pressure on buyer’s agents commission. A buyer paying for their own representation is increasingly more common in the commercial real estate space. There does not appear to be downward pressure on commissions. The current system is unlikely to change because a buyer can’t afford to pay the commission out of pocket. Banks lend money for services. They lend money for secured assets.</p> <p>3. Increasing the education requirements or the economic barrier to entry may inadvertently increase agent compensation.</p> <p>4. Most MLSs in the USA are Realtor® owned and not directly broker owned as the NWMLS is a broker owned cooperative.</p> 1. Sellers pay the selling agent commission and buyers pay the buyer’s agent commission

I disagree it would put pressure on buyer’s agents commission. A buyer paying for their own representation is increasingly more common in the commercial real estate space. There does not appear to be downward pressure on commissions. The current system is unlikely to change because a buyer can’t afford to pay the commission out of pocket. Banks lend money for services. They lend money for secured assets.

3. Increasing the education requirements or the economic barrier to entry may inadvertently increase agent compensation.

4. Most MLSs in the USA are Realtor® owned and not directly broker owned as the NWMLS is a broker owned cooperative.

]]> By: Michael P Lindekugel http://blog.findwell.com/real-estate-industry/wish-list-for-the-real-estate-industry/#comment-513 Michael P Lindekugel Fri, 03 Oct 2008 16:06:00 +0000 http://blog.findwell.com/uncategorized/wish-list-for-the-real-estate-industry/#comment-513 1. Sellers pay the selling agent commission and buyers pay the buyer's agent commission I disagree it would put pressure on buyer’s agents commission. A buyer paying for their own representation is increasingly more common in the commercial real estate space. There does not appear to be downward pressure on commissions. The current system is unlikely to change because a buyer can’t afford to pay the commission out of pocket. Banks lend money for services. They lend money for secured assets. 3. Increasing the education requirements or the economic barrier to entry may inadvertently increase agent compensation. 4. Most MLSs in the USA are Realtor® owned and not directly broker owned as the NWMLS is a broker owned cooperative. 1. Sellers pay the selling agent commission and buyers pay the buyer’s agent commission
I disagree it would put pressure on buyer’s agents commission. A buyer paying for their own representation is increasingly more common in the commercial real estate space. There does not appear to be downward pressure on commissions. The current system is unlikely to change because a buyer can’t afford to pay the commission out of pocket. Banks lend money for services. They lend money for secured assets.
3. Increasing the education requirements or the economic barrier to entry may inadvertently increase agent compensation.
4. Most MLSs in the USA are Realtor® owned and not directly broker owned as the NWMLS is a broker owned cooperative.

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