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Category Archives: commissions

GoldenKey Raises $1.75 million

by Drew Meyers on 9:30 am February 3, 2017

GoldenKey recently raised $1.75 million (TechCrunch). What’s the model? Instead of a commission, you pay an agent a flat fee for the services you need and get a 3 percent rebate when you buy or sell a home with the help of one of the company’s partner agents (though some states like Oregon don’t allow for this rebate). That may not sound like a crazy idea, but in the rather conservative real estate world, that’s akin to a revolution. Here’s a video pitch: The no … Read More »

Code of Ethics not clear on negotiating commission down.

by Bryn Kaufman on 4:07 pm November 7, 2016

Mass Code of Ethics confusion is the best way to describe what happened when I inquired in a Facebook Group about an ethics violation another Broker said I committed during our negotiation when I requested he reduce his commission. Many said it was an ethics violation, many said it was not, and after close to 400 comments about it, I found my answer. First, however, I want to let you know what happened. I represented the seller, and we were negotiating back and forth verbally … Read More »

RE Broker & RE Tech Veterans Aim at Commission Disruption Target

by Michael Price on 12:39 pm August 31, 2016

About a week ago while on LinkedIn, a job posting popped up in my feed for a real estate broker by a company that was new to me called Homebay. It was a complete coincidence that Drew had them in his radar at the same time. My curiosity was piqued a bit further when I noticed that the person that posted the listing was a contact I had made a couple of years ago at the NAR convention in New Orleans. Eddie Earnest, formerly of Zurple.com, … Read More »

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