tag:blogger.com,1999:blog-1374491146643888253.post5717697926979414680..comments2009-09-24T15:38:46.635-05:00Comments on MLS Tesseract: Bonus offers in MLS are bad PR for the industryBrian N Larsonhttp://www.blogger.com/profile/17026714100373711405noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-1374491146643888253.post-86459016667489330202009-09-24T15:38:46.635-05:002009-09-24T15:38:46.635-05:00I got a message from a friend who is an executive ...I got a message from a friend who is an executive at a state REALTOR assn:<br /><br />"Here is one for you to add to your file. I had an email from one of the local boards asking about arbitrating a ‘Flat Screen TV’. Apparently, the LB offered a flat screen as a bonus. There was a selling broker and the sale closed. I believe the selling broker got paid the commission but did not receive hisBrian N. Larsonhttp://www.blogger.com/profile/17844648538119535840noreply@blogger.comtag:blogger.com,1999:blog-1374491146643888253.post-61462634117882169252009-09-23T21:47:25.994-05:002009-09-23T21:47:25.994-05:00Jeff, many brokers treat the bonus like a regular ...Jeff, many brokers treat the bonus like a regular commission. They don't let the seller bypass their cut. <br /><br />Where it gets tricky iswhen the new construction offers a trip to Fiji for selling a house. I guess the broker gets a trip to Miami?FRANK LL0SA Va Broker- BLOG.FranklyRealty.comhttp://www.blogger.com/profile/12647085935682292923noreply@blogger.comtag:blogger.com,1999:blog-1374491146643888253.post-35056690553854073232009-09-22T06:51:39.358-05:002009-09-22T06:51:39.358-05:00I agree that conditional bonuses are, at best, ina...I agree that conditional bonuses are, at best, inappropriate.<br /><br />There is another reason for bonuses in general. It is an attempt to circumvent the split agreement between the (buyer's) agent and their broker.Jeff Beckhttp://www.blogger.com/profile/11190214708845089651noreply@blogger.comtag:blogger.com,1999:blog-1374491146643888253.post-85848722334176720242009-09-21T21:53:23.482-05:002009-09-21T21:53:23.482-05:00I've always been against bonuses. I don't ...I've always been against bonuses. I don't accept them. They go back to the buyer. <br /><br />But I did get ticked when I put in an offer for a home that offered 4% and after we put in the offer he countered and put "3% to the buyer agent."<br /><br />Um, you can't do that. You can't do a bait and switch like that. His reply was "but your offer was so low." I FRANK LL0SA Va Broker- BLOG.FranklyRealty.comhttp://www.blogger.com/profile/12647085935682292923noreply@blogger.com