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Who Says I Don’t Deserve 6%?

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As a lifelong resident and local Realtor, Vicki has established herself as a respected member of the San Mateo County real estate community. She’s known for her wit, sarcasm, and her personality that shows through in her posts. You can find her spouting off at Twitter, here at ag, and her personal blog, San Mateo Real Estate Blog.com.

21 Comments

21 Comments

  1. Benn Rosales

    October 20, 2007 at 2:11 am

    maybe you should go for the hybrid afterall?

  2. Thomas Johnson

    October 20, 2007 at 3:51 am

    Benn- I drive 50,000 miles/year for business. In 2 years, I would have to buy new batteries $2k-$5k. At $5 a gallon I’ll be sending all that battery lead into the landfill.

    Until then, most of my clients here in Houston pay my commissions with petro dollars. Just rosin up that bow and set your cowboy hat on straight.

    This is the silly category, right?

  3. Vicki Moore

    October 20, 2007 at 4:49 am

    That’s not even the most expensive I’ve seen lately. That station happened to be on my route today.

  4. Joe Zekas

    October 20, 2007 at 6:53 am

    OK. I’ll step up. You don’t “deserve” anything.

    You may earn 6% – that’s another question. But deserve it, no.

  5. Vicki Moore

    October 20, 2007 at 8:17 am

    Oh thank you, Father. Can I earn it? Really?

  6. Benn Rosales

    October 20, 2007 at 5:03 pm

    fun with semantics…

  7. Joe Zekas

    October 20, 2007 at 8:31 pm

    Vicki,

    You might think your sarcasm is cute. I was just wondering what the price of gas has to do with the value of your services.

    If gas goes to $2 a gallon do you deserve 4%?

  8. Vicki Moore

    October 20, 2007 at 9:06 pm

    There was no question contained in your rudeness.

    You have no reason to be nasty to me.

    Your point is invalid. If you earn something you deserve it. You’re talking about entitlement. I’m talking about earning a living.

    What we earn is impacted by the cost of living.

  9. Jonathan Jordan

    October 21, 2007 at 4:53 am

    Are you kidding, do you really think the price of gas is justification for your 6%????

    Paying for gas, is just one part of the cost of doing business. Yes factor it in, but charge according to what you do.

    How is that you can continue to justify and somehow think you deserve 6% regardless of the ACTUAL work you do in selling a listing.

    You make me sick.

    Knd regards

    Jonathan

  10. Vicki Moore

    October 21, 2007 at 5:13 am

    Thank you for your kind regards. It’s unfortunate that you haven’t read any of my prior posts and know that they always contain a bit of irony and a lot of humor.

  11. Jonathan Jordan

    October 21, 2007 at 7:18 am

    Just as I have always figured, Americans don’t get irony. Your post would have been ironic had you taken all those excessive comissions that you make at 6% and had invested most of it in Chevron shares only to see the price of gas rise. Now tht would have been funny, and ironic.

    Kind regards

    Jonathan

  12. Joe Zekas

    October 21, 2007 at 1:39 pm

    Vicki,

    It’s a real stretch to interpret my comment as being “nasty” to you. What you see as “rudeness” was a simple attempt to make a point that you declare “invalid” but that many will agree with.

    Fairly read, your original post reflected only a bald sense of entitlement.

    If Jonathan has, in fact, not read any of your other posts you might consider whether this one has turned him off to reading them. It certainly turned me off. And I have no doubt it’s turned off a number of potential customers.

  13. Benn Rosales

    October 21, 2007 at 2:41 pm

    The real reality when listing anything, you’re really listing at 3%. In my opinion that’s a fair commission if you’re actually busting your butt in a tough market to set one home apart from another 7k and still get as close to full price as possible. I do agree however that in some markets where the avg med price on a home is maybe 5 or 600k there is room to negotiate, but like in my market where you’re talking the average home is from 150k to 225k, there really isn’t that much room and even the big discounters agree- the commission flexibility tightens.

    If by some way you manage to bring a buyer that same price point applies in the liability and the cost but almost any agent in the Texas market and many others discount the buy side so the average commission ends up discounted anyway below 6%.

    What Vicki has pointed out in her previous posts on her own site is the carrying cost. The upfront working with no pay, the cost of her time, marketing materials, etc is on her dime, if the sellers change minds and pull the home off the market, shes out the cost and effort. That is worth something, even to me, I’m not the richest guy in the world, I may not have the cash to pay a discounter up front. This doesn’t make Vicki a bad person, it makes her one option to me that may fit my needs.

    I really think that being disgusted over commissions is a moot point anymore. Even Redfin below a certain dollar amount gives very little to nothing back to a seller or buyer. Who has 3 grand to plop down to a broker upfront? The fact is, even the discounters admitt it costs money- I see no one name calling them.

    Jordan, you mentioned the cost of doing business, and that is exactly what a commission is, a cost. If that cost does not suit you, so be it, but I know I work one on one with my clients and will do just about anything to help them, including working with them on commissions- and so does Vicki I’m sure.

    Vicki doesn’t need me to defend her, and I’m not, but what I am saying is that making broad statemens about commissions when even the discounters acknowledge that at a certain price point they can no longer discount, you have to almost certainly acknowledge that there is a certain small segment of the market where commissions are tripple what they are in the midwest, and we in the midwest feel rather attacked when you generalize, especially when we’ve never even seen a bubble.

    So here’s my thought- lets talk about specifics here. Broad based general jabs is no fun. I understand what all of you are saying, but the fact is, if you’re generalizing statements, no one will ever make a valid point in any of this and I for one only have time for a true debate.

  14. Vicki Moore

    October 21, 2007 at 4:50 pm

    Thanks Benn. I always need defending with a well-spoken, thoughtful comment. And since I seem to have hit a nerve, it’s likely I will again.

    I certainly never thought that one picture and a title that I still think is funny would create such a personal attack.

    I can debate my position until I’m blue in the face.

    Just one example is the one you mentioned regarding listing a house, the seller then determines that the market is not favorable to them so they pull the listing.

    I neither am a wealthy realtor as so many think we all are. I spent well over 3k (that’s cash, not including the time investment.) to market a listing that was then pulled. A risk I knowingly took that did not pay off. I still have to buy gas.

  15. the baglady

    October 22, 2007 at 5:48 am

    Hey Vicki,

    I live in San Mateo, too, and I think last year I was paying about $3.67 per gallon and my Honda Accord took $50 to fill up. The point is that we’re all paying these gas prices in addition to the ridiculous home prices around here. That doesn’t mean the consumer wants to pay those prices and it doesn’t mean that you deserve anything. If you provide a great service then I would be willing to pay you a fair commission, but saying that you deserve 6% just because things are expensive here is kind of rude. Just my 2 cents.

  16. Vicki Moore

    October 22, 2007 at 6:06 pm

    Sorry, Baglady, that you were a little late for the flogging. I think through my previous postings and the well-written post by Benn, the issue has been thoroughly explained and beat like a dead horse.

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