Industry News

Advice for the Rookie Realtor

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Re: 'Rookie Realtor smacked by greed' (Sept. 8) Dear Rookie: Listen to your broker; at least he knows what he is worth. He is protecting you. If you make it in this business you'll appreciate the lesson the next time your Errors and Omission bill arrives. Or when your MLS raises your fees, profits from your content, and lowers its service standards. Your costs are going up. Don't lower your professional fees. Scott LeForcePresidentRealty World - Northern California Inc. Dear Rookie: The rookie should have taken the hit of the ½ percent himself. He could have listed the property at 5½ percent with a written agreement with the seller that he would pay the ½ percent back to the seller at closing. That way everyone wins, and he could get his listing. An agent is free to give any part of his/her commission to any party involved in the transaction. Margie SmigelBroker Principal/Creative DirectorMetroPro Realty Dear Rookie: I just finished your column and I'm so angry over it...