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Tag: commissions

Real Estate Agents as Fee-Only Fiduciaries: The Way of the Future?

Real Estate Agents as Fee-Only Fiduciaries: The Way of the Future?

The Sitzer v. NAR antitrust lawsuit has the potential to turn an industry-accepted compensation construct on its head. At stake in this case is whether four commission-sharing rules within the National Association of REALTORS® Handbook and Code of Ethics subscribed to by all REALTORS® amount…

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The Topic No One Will Touch with a Ten Foot Pole

The Topic No One Will Touch with a Ten Foot Pole

[Editor’s Note: Below is the full text of our 200th Weekly Transmission, originally delivered direct to inbox of more than 500 GEM members on January 27th, 2022. Some links included below are to members-only articles.] For our 200th Transmission (wow…that’s a lot), I thought I’d…

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The real problem with the real estate industry

The real problem with the real estate industry

[Editor’s note: Originally published on Selling Later.] The industry makes you think new selling services are the problem, but we believe those conversations distract from the bigger issue, and that issue is Gatekeeping. As a consumer, you think of real estate like this… Sellers and buyers…

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Burning the Agent Effigy Once and For All

Burning the Agent Effigy Once and For All

[Note from the editor: We publish a Weekly Transmission for Geek Estate Mastermind members that consists of long-form articles covering the spectrum from shipping container co-living spaces to the battle for listing acquisition in the first iBuyer world war. Below is a sample Transmission, written by Greg Fischer. While he…

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Meet the Real Estate Tech Founder: Georges Benoliel from NestApple

Meet the Real Estate Tech Founder: Georges Benoliel from NestApple

In our latest real estate tech entrepreneur interview, we’re speaking with Georges Benoliel from NestApple. Who are you, and what do you do? My name is Georges Benoliel, Franco-American, happily married to a Costa Rican Wife and proud father of 2-year-old tri-national Lily. I am…

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Raising Commissions is the New Black

Raising Commissions is the New Black

[Note from editor: We publish a Weekly Transmission for 190+ Geek Estate Mastermind members that consists of long form articles covering the spectrum from shipping container co-living spaces to the battle for listing acquisition in the first iBuyer world war. Below is a sample of one of the…

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Meet the Real Estate Tech Founder: Steve Johnston from Ideal Agent

Meet the Real Estate Tech Founder: Steve Johnston from Ideal Agent

In our latest real estate tech entrepreneur interview, we’re speaking with Steve Johnston, the founder and CEO of Ideal Agent. We’re thrilled to have him as a recent addition to the Geek Estate Mastermind. Without further ado… What do you do? Ideal Agent is a pro-agent…

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Another Strike for Reducing Commissions: GoldenKey is Acquired

Another Strike for Reducing Commissions: GoldenKey is Acquired

This post on commissions and the perception that agents are overpaid is one of the most read articles ever on Geek Estate Blog. I wrote it in 2014. In the fight to reduce commissions, there was an recent addition to the discount model graveyard that…

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A Few Thoughts on the Parker Principles

A Few Thoughts on the Parker Principles

A manifesto, the “Parker Principles“, came from Inman’s Disconnect conference last week in Palm Springs. There’s been a fair amount of chatter already in Facebook groups (and likely on Twitter too, but I’ve dropped off in terms of Twitter engagement recently), Rob’s already penned a…

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Foxtons.com “2% commission”. The Discount Broker That Almost Broke the Industry

Foxtons.com “2% commission”. The Discount Broker That Almost Broke the Industry

At the dawn of digital real estate, there were countless startups with big plans. All were going to disrupt the residential real estate business. The word “disinter-mediate” (a.k.a. for getting rid of agents) was used so often, many thought it was a forgone conclusion. People pointed…

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