Reader comments
Media company launches a real estate brokerage
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Flat Rate Realty | 6:15 a.m. Aug. 25, 2009
The real estate industry has enjoyed a life past the advent of the internet that
no other business has been able to do.....Consumers are what drive real estate
and they are wanting to save money any way they can......especially in this
world we live in today!
Flat Rate Gives Flat Service | 10:00 a.m. Aug. 25, 2009
I've used Flat Rate brokerages and you get what you pay for... WOuld you
really trust the sale of your biggest asset to a flat rate brokerage?? One that
limits the amount of service by how much you are willing to pay?? They are
excited about getting 8 listings in the first week, but will they be able to
sell them in a competitive market where they LIMIT the service provided because
they are not getting paid a full commission...RISKY!
Lee Padron | 10:55 a.m. Aug. 25, 2009
Nothing more than re-arranging deck chairs on the Titanic. The OLD MEDIA(one)
is looking for ANY way to avoid SINKING into oblivion.
Just ask any one of the many FLAT RATE providers how well they're doing? And, ask their clients how well they DID.
Yes, you get what you pay for . . . and today it takes more work than ever to get a RE transaction TO and THROUGH closing. Won't change anytime soon. Flat raters won't bring the experience and total package needed to get past the offer TO and THROUGH closing.
They days of LOW HANGING fruit are GONE!
No FLAT RATER can compete with FULL SERVICE . . . for ESSENTIAL SERVICE offered AND delivered.
Hey MediaONE . . . Just keep moving those chairs . . . and, never mind the iceberg.
Lee Padron
Realtor
Draper
Just ask any one of the many FLAT RATE providers how well they're doing? And, ask their clients how well they DID.
Yes, you get what you pay for . . . and today it takes more work than ever to get a RE transaction TO and THROUGH closing. Won't change anytime soon. Flat raters won't bring the experience and total package needed to get past the offer TO and THROUGH closing.
They days of LOW HANGING fruit are GONE!
No FLAT RATER can compete with FULL SERVICE . . . for ESSENTIAL SERVICE offered AND delivered.
Hey MediaONE . . . Just keep moving those chairs . . . and, never mind the iceberg.
Lee Padron
Realtor
Draper
Comments continue below
Flat Rate Realty | 11:54 a.m. Aug. 25, 2009
Ahhhh and the hits keep coming.....Say as you will and do as you say.....Flat
Rate real estate is here to stay! Denial......Flat Rate provides just as much
service but with a discounted rate. Consumers are smart and want savings. Those
who dis Flat Rate are obviously telling the consumer that they are not
capable.....that's not very smart!
Utah Realtor | 12:43 p.m. Aug. 25, 2009
My fellow realtors. Everyone that is saying that M1 is going down just like
other flat rate brokers needs a realilty check. It is about the sellers and the
buyers not us (realtors) or the brokers. But wait, if your complaining maybe
you are in it for you. How is saving people money a bad thing. Let's all
sit back and watch a new broker take market share from us, or maybe we should
embrace them and ask how do we get onboard. I mean really, we could never match
the promotion they are hitting the Utah market with. Smart move M1 if we are
going to compete all us in the industry will have to spend money to promote our
listings. What a concept! And we were all told newspapers don't work. I
for one support any new business that puts new jobs into our economy. Shame on
all of you who think this is a bad thing!
Uath Realtor | 12:49 p.m. Aug. 25, 2009
Hey Flate Rate Gives Flat service,
M1 has done more promtion Media One Real Estate in one week then any of us have done in six months. How are they the same as other flate rate brokers who spend little if nothing on advertising.
M1 has done more promtion Media One Real Estate in one week then any of us have done in six months. How are they the same as other flate rate brokers who spend little if nothing on advertising.
Flat Rate Realty | 1:06 p.m. Aug. 25, 2009
Utah Realtor- Your class act!
Utah Realtor | 1:40 p.m. Aug. 25, 2009
The consumer will have the last word. What is intersting to me is the fact that
many other discount brokers have come into town and no one even noticed. Then
suddenly M1 appears and is attacked for taking advantage of an opportunity to
start a new venture. I wish them success!
Utah Realtor | 2:15 p.m. Aug. 25, 2009
Lee, I think that M1 is the iceberg!
Flat Rate Realty | 2:38 p.m. Aug. 25, 2009
Most tradtional "Realtors" that feel that they are still worth 6% even
with all the info on the internet may say that they have not noticed Flat Rate
brokers cut into their business but make no mistake about it......Flat Rate
listings are selling and "Realtors" are still making their selling
commission.
The 20th century "Great Recession" has given us all a new light to live by. When we go to fill up our cars we look for the best price, when we go to lunch we order the special, when we shop for cloths we look for the best price,.........we (all of us) have had to tighten our budgets......consumers are more aware than ever that they have been mortgaging 6% of the purchase price of their home in order to pay "REALTORS" - So now that the consumer has the $8,000 tax credit why would they want to give that credit back to "REALTORS" if they have a chance of saving on commissions.......?
The 20th century "Great Recession" has given us all a new light to live by. When we go to fill up our cars we look for the best price, when we go to lunch we order the special, when we shop for cloths we look for the best price,.........we (all of us) have had to tighten our budgets......consumers are more aware than ever that they have been mortgaging 6% of the purchase price of their home in order to pay "REALTORS" - So now that the consumer has the $8,000 tax credit why would they want to give that credit back to "REALTORS" if they have a chance of saving on commissions.......?
Surprised | 3:06 p.m. Aug. 25, 2009
I think more than anything people are surprised M1 is going to bite the hand
that feeds it. Real Estate companies have been pumping thousand upon thousands
of dollars into the company, and now they are going to try and undercut their
clients. I think that is the frustration Flat Rate.. I also don't think
making cheap comments about others words is making you look any better. Reality
is, Real Estate is a lot more complicated than "some" of these flat
rate discount brokerages make it out to be. A full service brokerage really
comes down to personal touch, experience, and consistent communication. For some
reason there are many comments that have been posted to this site that have been
deleted or edited for some reason. I find that troubling. However in light of
this new development. It all comes down to sells. So pull the stats of this Flat
Rate Real Estate company and see how many sells their agent or Broker has had,
and I think the client will make the decision on use them or not.
BT | 3:16 p.m. Aug. 25, 2009
You don't get what you don't pay for. Don't be surprised when
the desired outcome is not achieved, there is a reason that full service costs
more. When everything goes just right there are smiles all around. What
happens when things get a little dicy and either party wants to change the deal
halfway through or there are appraisal issues. An agent is more than a
salesperson-an agent that is well connected in the community and has the
experience of 100's of transactions under their belt is worth there weight
in gold. There is a reason the best of the best in any industry are well
compensated. Risk to Reward. Full service brokers take all the upfront risk
and do not see any of the reward until the deal is closed. To all the consumers
lookoing to buy or sell real estate I will say it again, "you don't
get what you don't pay for."
M. Jake Breen | 3:21 p.m. Aug. 25, 2009
Good idea by media one to get income for a sinking ship. Print was a dinosaur 3
years ago and now owners are realizing it and desperately looking for another
source of income. When it comes to real estate though you need a personal touch
and market expertise to have real success. Most people who have purchased real
estate "THINK" they are an expert yet when I advise economists and
others who speak publicly about REAL market conditions from someone who does it
daily they are always shocked at the PERSONAL TOUCH that can help them make a
smarter purchase than they thought themselves. Ask yourself, what is the
average price per foot in your neighborhood in the past 30 days? How has your
zip code faired in the market downturn?........to the tune of WHAT PERCENT? I
provide answers to these questions daily to consumers. Bottom line....no
discount "SERVICE" broker has gained major market share and none of
them ever will. Simple economics, demand for GOOD, educated real estate
professionals that provide a real service for a price EXISTS......therefore,
Brokers like my self will stay serving the public.
Lee Padron | 3:30 p.m. Aug. 25, 2009
Bluster about FLAT RATE and M1 being the FUTURE (iceberg?). Heard it for
years.
Cloke it in the fakery of "everybody wants to save money". Sure enough.
Talk about the internet making Realtors obsolete. That's been said for years also.
Now, answer ONE question:
WHO is MOST qualified to do ALL the work getting a transaction TO and THROUGH closing? The MOST difficult RE environment in decades demands experience and skill? Will FLAT rate deliver? No! Has it ever delivered? No!
Today, perhaps more than ever, Realtors, good ones, earn EVERY dollar of 6% (or 7% or 8%!!).
Flat rate will always have a place along side FSBO and alternatives to full service. But, FSBO doesn't gets the job done. Neither does flat rate.
There is NO free lunch (I know Obama supporters will disagree!!). Likewise, there is no FREE (or effective flat rate) service.
Flat rate equals CUT RATE!
And oh yes . . . the internet is a great place to MARKET and FIND properties . . . not get them to and through closing. Getting THROUGH closing still (always will?) takes skill and experience. That's not available for less than 6%. Period!
Lee Padron
Realtor
Draper
Cloke it in the fakery of "everybody wants to save money". Sure enough.
Talk about the internet making Realtors obsolete. That's been said for years also.
Now, answer ONE question:
WHO is MOST qualified to do ALL the work getting a transaction TO and THROUGH closing? The MOST difficult RE environment in decades demands experience and skill? Will FLAT rate deliver? No! Has it ever delivered? No!
Today, perhaps more than ever, Realtors, good ones, earn EVERY dollar of 6% (or 7% or 8%!!).
Flat rate will always have a place along side FSBO and alternatives to full service. But, FSBO doesn't gets the job done. Neither does flat rate.
There is NO free lunch (I know Obama supporters will disagree!!). Likewise, there is no FREE (or effective flat rate) service.
Flat rate equals CUT RATE!
And oh yes . . . the internet is a great place to MARKET and FIND properties . . . not get them to and through closing. Getting THROUGH closing still (always will?) takes skill and experience. That's not available for less than 6%. Period!
Lee Padron
Realtor
Draper
DE ACUERDO | 3:47 p.m. Aug. 25, 2009
I couldn't agree more with "Surprised's" comments. Pull up
these Flat Rate brokerages and see just how much they sell. From experience I
know they are the hardest agents to get a hold of when trying to show one of
their listings(probably because they are working their day job). This isn't
the service clients want or deserve. Statistics don't lie and until a Flat
Rate brokerage sells more than the big companies in Salt Lake, I don't
think they will be worth it.
Read any financial books and many investors will tell you it is worth it to pay a real estate agent or stock broker what they are worth because the return their investment will be great because of their knowledge, expertise, and advice.
Anyone that is willing to give up that much $ from the start probably won't go to bat for their clients when the transaction gets tough and won't be able fight for their clients' needs because they have already shown what they are worth.
Read any financial books and many investors will tell you it is worth it to pay a real estate agent or stock broker what they are worth because the return their investment will be great because of their knowledge, expertise, and advice.
Anyone that is willing to give up that much $ from the start probably won't go to bat for their clients when the transaction gets tough and won't be able fight for their clients' needs because they have already shown what they are worth.
Utah Realtor 18yrs | 3:51 p.m. Aug. 25, 2009
Your marketing should be fare and not misrepresent
the fact that the sellers still need to pay the 3%
to a buyers agent on the MLS in addition to the flat rate.
the fact that the sellers still need to pay the 3%
to a buyers agent on the MLS in addition to the flat rate.
Utah Realtor | 3:52 p.m. Aug. 25, 2009
Pull the stats? They have only been in business for one week. Time will
tell......
Erik Jensen | 4:03 p.m. Aug. 25, 2009
No matter how a flat rate real estate company spins it...there is no comparison
to the level of service you get with a full service brokerage. Successfully
marketing the property to interest a buyer to write an offer is only about 40%
of the process. Once the property is under contract there are so many thing that
can come up to complicate the transaction. It makes a world of difference to
have an experienced full service agent on your side...just ask someone who has
experienced problems in selling their home.
I find it interesting that Media One is offering this service. I am curious to know how successful it may be as most full service real estate companies ultimately don't survive the real estate climate.
I find it interesting that Media One is offering this service. I am curious to know how successful it may be as most full service real estate companies ultimately don't survive the real estate climate.
Real Realtor | 4:06 p.m. Aug. 25, 2009
FLAT RATE is the FUTURE. Heard it for years.
Everybody wants to save money. Sure enough.
The internet makes Realtors obsolete. That's been said for years also.
ONE question:
WHO qualified to do ALL the work getting a transaction TO and THROUGH closing? The MOST difficult RE environment in decades demands experience and skill? Will FLAT rate deliver? No! Has it ever delivered? No!
Today, perhaps more than ever, Realtors, good ones, earn EVERY dollar of 6% (or 7% or 8%!!).
Flat rate will always have a place alongside FSBO and alternatives to full service. But, FSBO doesn't gets the job done. Neither does flat rate.
There is NO free lunch (I know Obama supporters will disagree!!). Likewise, there is no FREE (or effective flat rate) service.
Flat rate equals CUT RATE!
And oh yes . . . the internet is a great place to MARKET and FIND properties . . . not get them to and through closing. Getting THROUGH closing still takes skill and experience, not available for less than 6%. Period!
Everybody wants to save money. Sure enough.
The internet makes Realtors obsolete. That's been said for years also.
ONE question:
WHO qualified to do ALL the work getting a transaction TO and THROUGH closing? The MOST difficult RE environment in decades demands experience and skill? Will FLAT rate deliver? No! Has it ever delivered? No!
Today, perhaps more than ever, Realtors, good ones, earn EVERY dollar of 6% (or 7% or 8%!!).
Flat rate will always have a place alongside FSBO and alternatives to full service. But, FSBO doesn't gets the job done. Neither does flat rate.
There is NO free lunch (I know Obama supporters will disagree!!). Likewise, there is no FREE (or effective flat rate) service.
Flat rate equals CUT RATE!
And oh yes . . . the internet is a great place to MARKET and FIND properties . . . not get them to and through closing. Getting THROUGH closing still takes skill and experience, not available for less than 6%. Period!
Utah Realtor | 4:14 p.m. Aug. 25, 2009
And what will you do when M1 is successful. What you are negleting to address
is the fact that they are one of Utah's most powerful sources for news and
information. I still read the paper everyday both in print and online and so do
thousands of others. Admit it, that "Old Newspaper" actually is not
old after all. They are embracing that which they have been doing for over 150
years. Promoting a business with what best for the consumer front and center.
Your negative attitude will only help them to capture market share faster. Do
you actually think the newspaper is going away becuase realtors and brokers say
so.
Odd | 4:25 p.m. Aug. 25, 2009
All the Realtors complaining about "competition" and yet, they're
on the Internet, doing their own advertising and have been avoiding newspaper
advertising for years. Get real Realtors! You're not advertising and
pushing your products well, so M1 is stepping in and offering to actually
advertise properties. Because you've stopped advertising my house in the
newspaper, you're getting my 6% and doing little to earn it. If you'd
all quit whining and work (and advertise) you'd not be facing the M1
competition! What you all need is a waaaaambunalce.
Utah Realtor | 4:28 p.m. Aug. 25, 2009
Intersting, that the only folks who really care about this are us in the
industry. There was an artical earlier in the week and all the comments from
buyers or sellers supported what M1 was doing. Remember sales 101, listen to
your clients needs. I am sure you all are very professional and only have your
clients best interest in mind. But from the comments it sure is making us look
like we are fighting for $$$$$$. Again I say what will we do if they are the
one flat rate broker that is successful.
Rates, shmates | 4:33 p.m. Aug. 25, 2009
I wish the advertising/distribution arm of these two newspapers would do at
least ONE thing right: get the dang paper to my front door in a timely,
consistent manner.
Maybe there would be more advertisers (and less need for the advertising agent to go seeking three real estate brokers) if M1(NAC) did their CORE work more efficiently. That is, sell competent and competitive advertising in both print and online (relevant ads, not remnant national penny sales) AND strengthened their distributions efforts and goals.
Starting up a real estate brokerage? What's next, buying out the bankrupt car lots around town and starting an M1(NAC) dealership? Or taking over some defunct restaurant chain and offering dining options?
Maybe there would be more advertisers (and less need for the advertising agent to go seeking three real estate brokers) if M1(NAC) did their CORE work more efficiently. That is, sell competent and competitive advertising in both print and online (relevant ads, not remnant national penny sales) AND strengthened their distributions efforts and goals.
Starting up a real estate brokerage? What's next, buying out the bankrupt car lots around town and starting an M1(NAC) dealership? Or taking over some defunct restaurant chain and offering dining options?
Flat Rate Realty | 4:52 p.m. Aug. 25, 2009
Flat Rate Realtor's are made up of seasoned agents and brokers that get it
and are not in denial.......We don't make cheap comments
either.....Realtors are not surgeons.....quit scaring the consumer.... they are
smarter and more savvy than most Realtors......and yes all of the abrasive
comments by Realtors against Flat Rate is great advertising for Flat Rate
Realty......P.S. Google any "Blue Chip" franchise and the words flat
fee or flat rate and you will see Remax,Century21,etc..etc.....Flat Rate Realty
is all about the consumer and for the consumer!!!
Flat Rate Realty | 4:57 p.m. Aug. 25, 2009
"you don't get what you don't pay for."
?????????????????????????? I can go to a factory outlet and get a Polo shirt for
$35 instead of $55 am I really getting a Polo shirt?????? I buy a 1/2 gallon of
Breyers Ice cream and get another for free did I really get one for free????? OR
IS IT THE SAME THING WITH A BETTER PRICE????
OK | 4:58 p.m. Aug. 25, 2009
try again:
What's next, M1(NAC)? Going to take over all the bankrupt car lots around town and start a dealership? Or maybe find a failing restaurant chain or big box electronics shop and start up that business?
How about doing your TWO CORE jobs right for once: Sell and place relevant ads in print and online (not national remnants for penny sales); Distribute with efficiency and fairness throughout the state the two newspapers that keep you, ahem, in business in the first place.
What's next, M1(NAC)? Going to take over all the bankrupt car lots around town and start a dealership? Or maybe find a failing restaurant chain or big box electronics shop and start up that business?
How about doing your TWO CORE jobs right for once: Sell and place relevant ads in print and online (not national remnants for penny sales); Distribute with efficiency and fairness throughout the state the two newspapers that keep you, ahem, in business in the first place.
Flat Rate Realty | 5:07 p.m. Aug. 25, 2009
Will FLAT rate deliver? No! Has it ever delivered? No!
Lee your did you wake up on the wrong side of the bed....let's not be so snappy.......we closing properties every month.........and have saved consumers thousands!
Lee your did you wake up on the wrong side of the bed....let's not be so snappy.......we closing properties every month.........and have saved consumers thousands!
Flat Rate Realty | 5:23 p.m. Aug. 25, 2009
"we closing properties every month"
sorry Lee "We are" typo......everyone does it.
sorry Lee "We are" typo......everyone does it.
NoMorePaper:( | 5:26 p.m. Aug. 25, 2009
Flat fee real estate is truly a disservice to the client and I can not support
anyone who stands behind this just trying to make a buck. Needless to say I
will be immediately canceling my newspaper subscription that we've had for
over 20 years.
Full Time & Full Service Realtor | 5:37 p.m. Aug. 25, 2009
There are some really inappropriate and unhelpful views expressed above on both
sides of the issue. I am a full-time full-service Realtor at a large brokerage.
There will always be a demand for a discount service & what that provides
and there will always be a demand for full-service & unmatched skill. Its
like that in ANY industry. Everyone is entitled to their preferences. Stop
arguing. Anyone worth their salt welcomes healthy competition, and as long as
Media One obeys the laws and doesn't harm the public, they can structure
their brokerage however they want. Where media one real estate lacks tact is in
the way they announced their arrival. Joining an indstry and then besmirching
the profession by saying its not "rocket science" and insinuating
other Realtors don't protect their clients best interest is not a good way
to go about it. This is a small real estate community & establishing good
working relationships with other realtors, not bullying, is key to being
successful. I can't fathom that Media One didn't anticipate a strong
reaction from the Real Estate community. But im sure the current buzz is not
unwelcome. Even bad press is good, right?
Flat Rate Realty | 5:38 p.m. Aug. 25, 2009
No more paper......Flat fee real estate is truly a disservice to the
client.........they have all the advertising venues that consumers see every
day....to say that the paper is a dis-service is ridiculous and complete
silliness. Read it online.
Utah Realtor | 5:56 p.m. Aug. 25, 2009
No More Paper. Clearly you are are realtor and are only confirming to our
propesctive clients that we care little about saving them money during these
hard times. Do you really think that anyone cares if you cancel your
subscription. Why take away something that you have enjoyed for so many years.
How will you get your coupons.
Utah Realtor | 6:00 p.m. Aug. 25, 2009
Full Time & Full Service Realtor:
Well said! And your right we are not helping the situation. I am going home to build a rocket!!!
Well said! And your right we are not helping the situation. I am going home to build a rocket!!!
bothsides | 6:31 p.m. Aug. 25, 2009
Been on both sides, flat rate and traditional. I guarantee you get what you pay
for. I can't wait to see one of these agents negotiate a short sale with
little or no experience. Good Luck with that. Media One just helped me finally
make a decision. Cancelling my subscription.
Flat Rate Realty | 6:52 p.m. Aug. 25, 2009
Just for the record.....If you can get 6% great...good for you....home run....I
hope it sells while you still have it listed......but for the consumer that
wants to save money and reserve the opportunity to still sell their own house
flat rate - flat fee is for you.....EVERYONE HAS THEIR PLACE. Media One will
dominate this market because of it's outreach.....all it has to do is offer
a rebate to buyers and that the END OF THE STORY! Thank-you to all the
Realtor's today that expressed their opinion(harsh at times)but never the
less welcomed because these comments will be seen by consumers from coast to
coast......Good night and may God Bless our soldiers fighting for our rights to
express ourselves!!!
Lee Padron | 6:59 p.m. Aug. 25, 2009
Polo shirt? Rocket science?
Agreed. Real estate is NOT rocket science. But, it's not like buying a polo shirt either. Selling and buying a home IS the MOST complex and risky transaction in most people's lives.
There is no arguement about competition. Competition is ALWAYS a great thing. Flat rate is not competition to full service Realtors. Is a "polo" shirt the same as a T-shirt? Both cover your body. But in MUCH different ways.
M1 is entitled to put whatever resources they wish into a flat rate real estate service. But, let's be honest about what M1 or any other "flat rater" is offering the client. Flat rate is not FULL SERVICE and by definition, never can be.
Today, full service is needed more than ever to get the job done. Without it, the outcome is predictable. How well M1 will do with their flat rate real estate service . . . is predictable.
. . . because buying real estate is not like buying a polo shirt (or T-shirt) at the local outlet mall.
Lee Padron
Realtor
Draper
Agreed. Real estate is NOT rocket science. But, it's not like buying a polo shirt either. Selling and buying a home IS the MOST complex and risky transaction in most people's lives.
There is no arguement about competition. Competition is ALWAYS a great thing. Flat rate is not competition to full service Realtors. Is a "polo" shirt the same as a T-shirt? Both cover your body. But in MUCH different ways.
M1 is entitled to put whatever resources they wish into a flat rate real estate service. But, let's be honest about what M1 or any other "flat rater" is offering the client. Flat rate is not FULL SERVICE and by definition, never can be.
Today, full service is needed more than ever to get the job done. Without it, the outcome is predictable. How well M1 will do with their flat rate real estate service . . . is predictable.
. . . because buying real estate is not like buying a polo shirt (or T-shirt) at the local outlet mall.
Lee Padron
Realtor
Draper
Notcrazy | 8:28 p.m. Aug. 25, 2009
Flat rate brokerages are just that FLAT!
They offer very little to a buyer and even less to a seller.
Why put your largest asset in a discount brokerages hands? Isn't there something to be said for good service? How long do you want to be on hold waiting for your "agent" to update you on your property? What about Open Houses? Client support? Do you want to be another listing amoung the hundreds of other desperate sellers?
Enjoy and call a real Realtor when you are about broke.
They offer very little to a buyer and even less to a seller.
Why put your largest asset in a discount brokerages hands? Isn't there something to be said for good service? How long do you want to be on hold waiting for your "agent" to update you on your property? What about Open Houses? Client support? Do you want to be another listing amoung the hundreds of other desperate sellers?
Enjoy and call a real Realtor when you are about broke.
Pay up Front | 9:07 p.m. Aug. 25, 2009
My question is, does media 1 get their $2,000 up front when they take a listing,
or only when it closes?
All the discount brokerages I've seen require the money up front. When that's the case, they could care less if the house actually sells.
As a Realtor in this market I think I'd rather get $2,000 up front, and not have to worry about the property selling than wait for the property to close to get paid.
So which is really better for the consumer, Pay $2,000 for a house that doesn't sell, or pay $6,000 after your house sells?
All the discount brokerages I've seen require the money up front. When that's the case, they could care less if the house actually sells.
As a Realtor in this market I think I'd rather get $2,000 up front, and not have to worry about the property selling than wait for the property to close to get paid.
So which is really better for the consumer, Pay $2,000 for a house that doesn't sell, or pay $6,000 after your house sells?
Why?? | 10:14 p.m. Aug. 25, 2009
MediaOne was created to print, distribute and sell advertising for the two daily
papers through a "joint operating agreement" that keeps it from being
seen as a business monopoly. But all of these other extracurricular activities,
such as selling real estate, putting on expo shows, owning Wasatch Woman and
Hometown Values and publishing a tabloid very similar to City Weekly is
overstepping its bounds. I'm surprised someone hasn't filed a lawsuit
against the company before now.
Sylvia Metos | 8:40 a.m. Aug. 26, 2009
Well good for Media One, the real estate brokerage arm of Newspaper Agency
Corporation (NAC). It appears that NAC is trying one last stab at making money
before it completely disappears from view as a viable business!
Yes, I know! Sellers always want to save every cent they can. Maybe by hiring a discount broker, they'll save a dollar or two by not paying a full commission! I’ve got a few questions for these Sellers:
Is your discount Realtor experienced in the business, or are they brand new, wet behind the ears?
Is your discount Realtor aware of the newest laws, connected with the most effective mortgage loan officers and escrow officers?
If the Seller pays a flat fee, how does the Buyer's Agent get paid? If YOU were NOT going to get paid at YOUR job, how would YOU like the experience?
Most likely, you’ve heard the old saying, “You get what you pay for”! This saying holds true with regard to the marketing of real property!
Good luck selling your home! For 1% (or less), I certainly won't be showing it!
Yes, I know! Sellers always want to save every cent they can. Maybe by hiring a discount broker, they'll save a dollar or two by not paying a full commission! I’ve got a few questions for these Sellers:
Is your discount Realtor experienced in the business, or are they brand new, wet behind the ears?
Is your discount Realtor aware of the newest laws, connected with the most effective mortgage loan officers and escrow officers?
If the Seller pays a flat fee, how does the Buyer's Agent get paid? If YOU were NOT going to get paid at YOUR job, how would YOU like the experience?
Most likely, you’ve heard the old saying, “You get what you pay for”! This saying holds true with regard to the marketing of real property!
Good luck selling your home! For 1% (or less), I certainly won't be showing it!
Sylvia Metos | 9:00 a.m. Aug. 26, 2009
And as far as "Rocket Science" Media One, even NASA itself has
problems with it's boosters!
It seems to me that by insulting the large real estate brokerages in town, your new business venture will have difficulty in launching off the pad!
It seems to me that by insulting the large real estate brokerages in town, your new business venture will have difficulty in launching off the pad!
Flat Rate Realty | 10:21 a.m. Aug. 26, 2009
Sylvia have you read any of the comments????? Realtors still make their
commission. If you say you are not going to show a listing because a seller paid
a flat rate to be listed you are unethical and need to be reported to your local
real estate commission.
Shame on you!
Shame on you!
Confucius | 10:41 a.m. Aug. 26, 2009
There are obviously hurt feelings (egos) out there, and solid thinking behind
SOME of the comments.
-There will ALWAYS be a market for discount service and products (Walmart).
-There will ALWAYS be a market for full service (Nordstroms).
-Yes, the CONSUMER decides the value they see in it and who to pay.
-But- MORE made a critical error in their launch message- dissing the industry that used to support it.
Here's how it will play out: MORE will get many listings; less than 3/4 will be satisfied; the agents that choose to for for MORE for a small salary will feel overworked and underpaid and move on; AND M1 will pull the plug on this little grasp at sand before going away, leaving people wondering how it went wrong. -It doesn't matter how appealing MORE is if M1 doesn't make $ (advertising $).
If a full service brokerage were adv. every day in M1, they would have to charge a 10% commission to pay M1's fees to advertise. And if you look at MORE's marketing plan- 80% of it is in niche publications that don't matter...Limited service. I've seen it all before.
-There will ALWAYS be a market for discount service and products (Walmart).
-There will ALWAYS be a market for full service (Nordstroms).
-Yes, the CONSUMER decides the value they see in it and who to pay.
-But- MORE made a critical error in their launch message- dissing the industry that used to support it.
Here's how it will play out: MORE will get many listings; less than 3/4 will be satisfied; the agents that choose to for for MORE for a small salary will feel overworked and underpaid and move on; AND M1 will pull the plug on this little grasp at sand before going away, leaving people wondering how it went wrong. -It doesn't matter how appealing MORE is if M1 doesn't make $ (advertising $).
If a full service brokerage were adv. every day in M1, they would have to charge a 10% commission to pay M1's fees to advertise. And if you look at MORE's marketing plan- 80% of it is in niche publications that don't matter...Limited service. I've seen it all before.
Utah Realtor | 10:54 a.m. Aug. 26, 2009
So Sylvia you are saying that you will not be showing a home because it is not
in your best personal interest. Wow! That is exactly the point most of us in
our indusrty are trying to say. It is not about you. How would we all look if
when a buyer comes to us with a home they would like to see, we say "NO I
am not going to show that home. That is crazy!!!! You make us all look bad.
Utah Realtor | 11:35 a.m. Aug. 26, 2009
Sylvia,
One question for you. Who are you giving all your services too. You have no listings on your site! Is M1 really taking anything away from you? Or have they just made a very good business decesion to invest in our Indusrty. Time will tell, but please don't try to hurt a new Real Estate brokerage that is bringing new jobs to our economy. It really makes us look unprofessional.
One question for you. Who are you giving all your services too. You have no listings on your site! Is M1 really taking anything away from you? Or have they just made a very good business decesion to invest in our Indusrty. Time will tell, but please don't try to hurt a new Real Estate brokerage that is bringing new jobs to our economy. It really makes us look unprofessional.
Anonymous | 12:47 p.m. Aug. 26, 2009
Utah Realtor, first of all, maybe you should learn how to spell - or at least
use spell check!
BTW, thanks for alerting me to the fact that my website needs updating as I have several listings!
Unprofessional?! When NAC compares selling real estate to rocket science, this is hardly less than insulting and terribly unprofessional! Let's see how much profit NAC's new venture brings in over the next year! With the loss of revenue from firms such as Prudential and Coldwell Banker, it will be very interesting indeed.
And Utah Realtor, isn't it interesting that the ONLY people who have made comments on the message board who give their real names are Realtors from Prudential? Hmmm...are you hiding behind your mama's skirts?! Being anonymous is hardly something to brag about! No guts, no glory! Use your real name the next time you want to address. Or better yet, send me an email. You do have my website handy, after all!
BTW, thanks for alerting me to the fact that my website needs updating as I have several listings!
Unprofessional?! When NAC compares selling real estate to rocket science, this is hardly less than insulting and terribly unprofessional! Let's see how much profit NAC's new venture brings in over the next year! With the loss of revenue from firms such as Prudential and Coldwell Banker, it will be very interesting indeed.
And Utah Realtor, isn't it interesting that the ONLY people who have made comments on the message board who give their real names are Realtors from Prudential? Hmmm...are you hiding behind your mama's skirts?! Being anonymous is hardly something to brag about! No guts, no glory! Use your real name the next time you want to address. Or better yet, send me an email. You do have my website handy, after all!
Anonymous | 12:50 p.m. Aug. 26, 2009
Flat Rate Realty - Do YOU work for free? I think NOT!
Flat Rate Realty | 1:17 p.m. Aug. 26, 2009
Anonymous, If you are a Realtor you need to turn your license in. You are
UNPROFESSIONAL and obviously not very happy, but I will copy your posts and use
them on my blog to show consumers just how uptight some Realtors are.
Jeff Steels | 1:21 p.m. Aug. 26, 2009
Oach. You go Anonymous, I mean Sylvia! This is going downhill fast. A good
read though.
Surprised! | 1:37 p.m. Aug. 26, 2009
Flat Rate Realty. I would like to read your blog. What is the address? I
understand if you can't give it out though. But thought I would ask.
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