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Brokerage bets half of all commissions on hockey game

In a moment of inspiration, a brokerage put down half of all commissions on a single hockey goal and says the offer is no fake gimmick, it is very real.



A Facebook comment turned reality

Sports fans from all industries often make off-the-cuff comments online about what they’ll do if their team wins or loses, but this morning, Fred Glick, Principal of U S Spaces, Inc. Real Estate took to Facebook, saying, “OK, here’s the deal. If any former Flyer scores the goal that wins the cup, my LA real estate office will give 50% of our commission back to any buyer or seller until the end of August!”

Within hours, Glick has expanded the offer to the company’s Philadelphia office as well, effectively doubling down his figurative bet. When asked about what made him offer such a large amount to rebate, Glick told AGBeat, “As a long suffering Philadelphia Flyers fan, I watched as the Los Angeles Kings (who are full of former Flyers, players and management), I finally was swayed after the Kings trounced the Devils for a 3-0 lead.”

Giving back to hockey fans

Glick added that “as I drank a few (too many) cups of coffee this AM, I said to myself, “How can I give back to both the long-time hurting Kings and Flyers fans (Note, the Kings have NEVER won the Cup and the Flyers have not won since 1976)? Why not honor the Flyers in Kings uniforms by givings something back to the community if an ex-Flyer wins the Cup for the Kings (aka- Flyers West)!”

Does Glick plan to go through with the offer to rebate? Absolutely. Why has he chosen to do so, other than too much coffee and a deep sports affinity? “It’s marketing dollars and if it works, it will help build a long-term relationship with many people,” Glick noted.

Brokers often offer standard rebates, or raffle and the industry is accustomed to giveaways, but with this much money on the line over a single goal, Philadelphia and L.A. consumers will definitely have their eye on the puck come game time.

San Diego real estate investment expert, Jeff Brown said, “What I like most about Fred’s idea is its simplicity. Combined with the community’s intense interest, I’d bet on it succeeding wildly. Fred’s idea also, in my opinion, will have legs in terms of developing long term relationships, which will then take on lives of their own. Tipping my hat to Fred – I’m going to do this in my own market, as soon as we get a major league team of some sort (ouch).”

The American Genius is news, insights, tools, and inspiration for business owners and professionals. AG condenses information on technology, business, social media, startups, economics and more, so you don’t have to.

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1 Comment

1 Comment

  1. MikeMueller

    June 5, 2012 at 5:23 pm

    Awesome Idea!  Love it Fred!  For me, I’m still rooting for a Game 7 and a triple overtime Game 7 at that!Incredible how many Flyers are in the finals, eh?

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Austin tops the list of best places to buy a home

When looking to buy a home, taking the long view is important before making such a huge investment – where are the best places to make that commitment?



Looking at the bigger picture

(REALUOSO.COM) – Let us first express that although we are completely biased about Texas (we’re headquartered here, I personally grew up here), the data is not – Texas is the best. That’s a scientific fact. There’s a running joke in Austin that if there is a list of “best places to [anything],” we’re on it, and the joke causes eye rolls instead of humility (we’re sore winners and sore losers in this town).

That said, dug into the data and determined that the top 12 places to buy a home are currently Texas and North Carolina (and Portland, I guess you’re okay too or whatever).

They examined the nerdiest of numbers from the compound annual growth rate in inflation-adjusted GDP to cost premium, affordability, taxes, job growth, and housing availability.

“Buying a house is a big decision and a big commitment,” the company notes. “Although U.S. home prices have risen in the long term, the last decade has shown that path is sometimes full of twists, turns, dizzying heights and steep, abrupt falls. Today, home prices are stabilizing and increasing in most areas of the U.S.”

Click here to continue reading the list of the 12 best places to buy a home…

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Housing News

Average age of houses on the rise, so is it now better or worse to buy new?

With aging housing in America, are first-time buyers better off buying new or existing homes? The average age of a home is rising, as is the price of new housing, so a shift could be upon us.



aging housing inventory

aging housing inventory

The average home age is higher than ever

(REALUOSO.COM) – In a survey from the Department of Housing and Urban Development American Housing Survey (AHS), the median age of homes in the United States was 35 years old. In Texas, homes are a bit younger with the median age between 19 – 29 years. The northeast has the oldest homes, with the median age between 50 – 61 years. In 1985, the median age of a home was only 23 years.

With more houses around 40 years old, the National Association of Realtors asserts that homeowners will have to undertake remodeling and renovation projects before selling unless the home is sold as-is, in which case the buyer will be responsible to update their new residence. Even homeowners who aren’t selling will need to consider remodeling for structural and aesthetic reasons.

Prices of new homes on the rise

Newer homes cost more than they used to. The price differential between new homes and older homes has increased from 10 percent traditionally to around 37 percent in 2014. This is due to rising construction costs, scarcity of lots, and a low inventory of new homes that doesn’t meet the demand.

Click here to continue reading this story…

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Housing News

Are Realtors the real loser in the fight between Zillow Group and Move, Inc.?

The last year has been one of dramatic and rapid change in the real estate tech sector, but Realtors are vulnerable, and we’re worried.



zillow move

zillow move

Why Realtors are vulnerable to these rapid changes

(REALUOSO.COM) – Corporate warfare demands headlines in every industry, but in the real estate tech sector, a storm has been brewing for years, which in the last year has come to a head. Zillow Group and Move, Inc. (which is owned by News Corp. and operates ListHub,, TopProducer, and other brands) have been competing for a decade now, and the race has appeared to be an aggressive yet polite boxing match. Last year, the gloves came off, and now, they’ve drawn swords and appear to want blood.

Note: We’ll let you decide which company plays which role in the image above.

So how then, does any of this make Realtors the victims of this sword fight? Let’s get everyone up to speed, and then we’ll discuss.

1. Zillow poaches top talent, Move/NAR sues

It all started last year when the gloves came off – Move’s Chief Strategy Officer (who was also’s President), Errol Samuelson jumped ship and joined Zillow on the same day he phoned in his resignation without notice. He left under questionable circumstances, which has led to a lengthy legal battle (wherein Move and NAR have sued Zillow and Samuelson over allegations of breach of contract, breach of fiduciary duty, and misappropriation of trade secrets), with the most recent motion being for contempt, which a judge granted to Move/NAR after the mysterious “Samuelson Memo” surfaced.

Salt was added to the wound when Move awarded Samuelson’s job to Move veteran, Curt Beardsley, who days after Samuelson left, also defected to Zillow. This too led to a lawsuit, with allegations including breach of contract, violation of corporations code, illegal dumping of stocks, and Move has sought restitution. These charges are extremely serious, but demanded slightly less attention than the ongoing lawsuit against Samuelson.

2. Two major media brands emerge

Last fall, the News Corp. acquisition of Move, Inc. was given the green light by the feds, and this month, Zillow finalized their acquisition of Trulia.

…Click here to continue reading this story…

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