Give choice a chance

Perspective: A call for more real estate payment options

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Editor's note: This month, Inman News is focusing coverage on the traditional structure of compensation in the real estate brokerage industry and alternative forms of compensation. We'd like to hear your views. Click here to learn how you can engage in the discussion. By CHUCK BOLES "Real estate commissions will keep falling ... from an average 5.25 percent ... to 4 percent by the end of the decade ... some agents even agree to do away with straight commissions, charging hourly rates to show a house or negotiate with the other party." --The Kiplinger Washington Letter, May 27, 2005. Imagine being a spectator watching a real estate compensation reality show, witnessing brokers and sales associates walking thin tightropes stretched between two ravages: the ravage of raising overhead and the ravage of shrinking compensation levels. While watching long lines of contestants slip and fall, failing in feeble attempts to navigate this tightrope challenge, you notice an o...