Just curious -- would anyone ever consider a "weighted" commission, i.e. you have a house that you've valued at $500k:
Commission if the sale price is $450k or less - bare minimum as it's really the price that is generating the sale, not the realtor
Commission if the sale price is between $450k to $480k - slightly below average commission
Commission if the sale price is between $480k to $520k - standard commission
Commission if the sale price is above $520k - standard commission plus a premium (i.e. 50% of anything over $520k)
Would something like that ever work? Or is there too much variability involved (i.e. especially for homes with unique features, as opposed to the cookie cutter home). I guess the hard part would be to figure out what the house is actually worth (in order to set fair benchmarks), but I'm thinking this would really give the realtor some incentive to get the highest price possible.
|