Comments
yourfanat wrote: I am using another tool for Oracle developers - dbForge Studio for Oracle. This IDE has lots of usefull features, among them: oracle designer, code competion and formatter, query builder, debugger, profiler, erxport/import, reports and many others. The latest version supports Oracle 12C. More information here.

2008 West
DIAMOND SPONSOR:
Data Direct
SOA, WOA and Cloud Computing: The New Frontier for Data Services
PLATINUM SPONSORS:
Red Hat
The Opening of Virtualization
GOLD SPONSORS:
Appsense
User Environment Management – The Third Layer of the Desktop
Cordys
Cloud Computing for Business Agility
EMC
CMIS: A Multi-Vendor Proposal for a Service-Based Content Management Interoperability Standard
Freedom OSS
Practical SOA” Max Yankelevich
Intel
Architecting an Enterprise Service Router (ESR) – A Cost-Effective Way to Scale SOA Across the Enterprise
Sensedia
Return on Assests: Bringing Visibility to your SOA Strategy
Symantec
Managing Hybrid Endpoint Environments
VMWare
Game-Changing Technology for Enterprise Clouds and Applications
Click For 2008 West
Event Webcasts

2008 West
PLATINUM SPONSORS:
Appcelerator
Get ‘Rich’ Quick: Rapid Prototyping for RIA with ZERO Server Code
Keynote Systems
Designing for and Managing Performance in the New Frontier of Rich Internet Applications
GOLD SPONSORS:
ICEsoft
How Can AJAX Improve Homeland Security?
Isomorphic
Beyond Widgets: What a RIA Platform Should Offer
Oracle
REAs: Rich Enterprise Applications
Click For 2008 Event Webcasts
SYS-CON.TV
Today's Top SOA Links


Is a Five to Six Percent Real Estate Commission Still Acceptable?

TORONTO, ONTARIO -- (Marketwire) -- 12/06/12 -- In some cases, it seems that paying a five or six percent overall commission might seem a bit steep, but it's important to consider all of the factors that drive these costs. Like any other business, there are costs associated with earnings.

Looking at a relatively new real estate agent, someone who's new to the industry and still learning the ropes, building their contact lists and networking can be very expensive. These real estate agents don't have any referral business coming in, they don't have a network in place and they need to start from scratch. So, like any other business, there are a lot of start-up (up-front) costs to take into consideration.

For example: having a web presence, mailing campaigns, ads, billboards, other local advertising techniques to try and drive awareness and conversion of leads to clients. Beyond their advertising methods, we also can't forget monthly fees including payment to their respective brokerage firms, companies and local real estate associations, ongoing education/certification, accounting, legal, insurance, etc. And, depending on the type of agreement that these REALTORs have with their respective brokerage firms, they'll also have to cough up a percentage of their commission every time they close a sale.

But, as a consumer, should you be paying higher commissions so that real estate agents can build their business?

"It comes down to what's right for the home buyer and home seller, what their needs are and what services they are looking for", says Andrew Brest, co-founder of Sundaybell Inc. (www.sundaybell.com), a free service focused on introducing and building relationships between consumers and real estate agents. "A fair commission is something that should be determined between the parties having the discussion, the services required, market dynamics, and other factors in play and not what is considered to be an industry standard", adds Brest. "I think it's up to the real estate agents to find more cost effective methods of acquiring new business so that each individual client can be looked at independently and commissions can be negotiated based on their particular situation, rather than industry expectations. Not to say that the average commission isn't right, but if a client isn't looking for all the bells and whistles, or if homes in a particular area are selling within a few days, then in my opinion, there might be an opportunity to discuss commissions and work together on a rate that both parties feel is fair for the services being requested".

For more established real estate agents, the initial costs of building their networks have likely been absorbed over the years, but there are still maintenance costs to consider. Team members, fees, additional office space and other costs associated with running and growing a business. "As there might not be as much 'start-up' equity required, the ongoing maintenance of running a business has to be taken into consideration and it still boils down to each individual situation", says Brest.

The average real estate agent, based on reported numbers according to the National Association of REALTORs (NAR) and the Canadian Real Estate Association (CREA) is in the range of $25,000-$50,000. Top agents likely earn more, but it's a bi-product of experience, networks and ongoing commitment to the real estate industry.

If you'd like further information about this topic, please contact Andrew Brest at 905-978-2995 or email him at andrew@sundaybell.com.

Contacts:
Sundaybell Inc.
Andrew Brest
905-978-2995
andrew@sundaybell.com
www.sundaybell.com

About Marketwired .
Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

Web 2.0 Latest News
With Octoblu emerging from stealth mode, it seemed like a good idea to talk to a couple of key people there. We were able to do just that with company co-founders Geir Ramleth and Chris Matthieu. Geir Ramleth serves as CEO. He was named to CIO Magazine's Hall of Fame in 2008, and ser...
I had a fun conversation with Mark Van Rijmenam (@VanRijmenam) a couple of weeks ago about cloud computing, Big Data, and the IoT. Mark runs BigData-Startups.com in Den Haag, Netherlands. We were mutually amused that he had chosen the name Think Bigger for his new book just as I had ch...
If you listen to the persistent murmur in the market surrounding the Internet of Things right now, you'd believe that it's all about sensors. Sensors and big data. Sensors that monitor everything from entertainment habits to health status to more mundane environmental data about your h...
“Vote early and vote often.” Back in the 1920s and ’30s, when neither election technology nor oversight were as effective as they are today, and the likes of Al Capone were at work gaming the system, this phrase wasn’t a joke. It was a best practice. If you want guaranteed results, wh...
A key development for the Internet of Things will be the evolution and emergence of the ‘Cloud Name System’, a directory system for Cloud applications in the same way DNS (Domain Name System) works for the web and email. Lori MacVittie wrote a while back about the need for an ‘SNS’ ...
Subscribe to the World's Most Powerful Newsletters
Subscribe to Our Rss Feeds & Get Your SYS-CON News Live!
Click to Add our RSS Feeds to the Service of Your Choice:
Google Reader or Homepage Add to My Yahoo! Subscribe with Bloglines Subscribe in NewsGator Online
myFeedster Add to My AOL Subscribe in Rojo Add 'Hugg' to Newsburst from CNET News.com Kinja Digest View Additional SYS-CON Feeds
Publish Your Article! Please send it to editorial(at)sys-con.com!

Advertise on this site! Contact advertising(at)sys-con.com! 201 802-3021




SYS-CON Featured Whitepapers
ADS BY GOOGLE