5,216,387
Never ever discuss commissions except to tell your agents your office policy! You must be the lone wolf to avoid potential problems!
-
Curtis Evans
Golden Meadow, LA
-
Diana Zaccaro Broker A...
Cocoa Beach, FL
-
Fred Griffin Florida R...
Tallahassee, FL
-
Roy Kelley
Gaithersburg, MD
1,525,616
I think in this situation we can't be too careful.
-
Curtis Evans
Golden Meadow, LA
-
Fred Griffin Florida R...
Tallahassee, FL
-
Roy Kelley
Gaithersburg, MD
2,684,009
Discussing commissions or fees with other real estate practitioners, even in other states, is ill-advised. You do not want to face the wrath of the U.S. Department of Justice Anti-Trust Division.
-
Diana Zaccaro Broker A...
Cocoa Beach, FL
-
Roy Kelley
Gaithersburg, MD
-
Lyn Sims
Schaumburg, IL
1,466,207
Roy Kelley I believe this answers the question:
"Price fixing is an agreement (written, verbal, or inferred from conduct) among competitors that raises, lowers, or stabilizes prices or competitive terms."
I would say any discussions in a public forum falls into this category.
P.S. I didn't see Kenneth J. Jones answer. It looks like we're on the same wavelength.
-
Diana Zaccaro Broker A...
Cocoa Beach, FL
-
Roy Kelley
Gaithersburg, MD
6,393,154
Yes, their interpretation of the law is very broad, so we have to be careful everywhere.
-
Roy Kelley
Gaithersburg, MD
989,652
It's always better to be safe than sorry IMO
-
Roy Kelley
Gaithersburg, MD
4,319,419
Roy Kelley - thanks for sharing the link. And to best of my knowledge, we should not discuss about commission.
-
Roy Kelley
Gaithersburg, MD
3,727,873
My understanding is that it restricts (prohibits) conversations between agents or brokers from different real estate companies in Q&A, in blogs or any place else. I remember when Shannon & Luchs and some other guys were have a conversation at some country club that was overheard by some anti-trust lawyer at Justice. Nobody went to the slammer, but years later when I was the managing broker for their downtown office, I had to do four training sessions each year on the subject for my agents.
-
Roy Kelley
Gaithersburg, MD
1,090,637
Yes, not a good idea whether in your state or outside of it.
-
Roy Kelley
Gaithersburg, MD
3,988,007
I do not engage in commission discussions with agents outside of my office with my broker. If a discussion starts I remove myself.
-
Roy Kelley
Gaithersburg, MD
3,986,258
Dangerous ground with that subject in conversation
-
Roy Kelley
Gaithersburg, MD
2,362,942
I think that such discussions are not worth testing the limits of the law
-
Roy Kelley
Gaithersburg, MD
2,443,250
4,800,082
It shouldn't stop a discussion, though it should stop collusion.
-
Roy Kelley
Gaithersburg, MD
1,502,998
There is a lot of letter v. spirit interpretation that can go on with those rules.
-
Roy Kelley
Gaithersburg, MD
823,579
I would say yes and agree with Kenneth J. Jones
-
Roy Kelley
Gaithersburg, MD
1,844,271
Yes Roy, thanks for posting that. Hope we can get some noobs to read them.
-
Roy Kelley
Gaithersburg, MD
5,772,575
Roy, I think Kenneth J. Jones has the answer. A
-
Roy Kelley
Gaithersburg, MD
613,494
Anti trust and price fixing relates to setting prices with "competitors". When agents are in different states they are not "competitors".
However with that said, I don't think it is wise to discuss commissions.
Eve
-
Fred Griffin Florida R...
Tallahassee, FL
4,936,605
I would have to say not to be discuss here.
-
Roy Kelley
Gaithersburg, MD
1,617,916
921,504
FREE opinion of value.
$1 for an opinion of value.
Rebate 100% of $500 fee for opinion of value if listed with agent.
$300 for an opinion of value.
Now, if this appears on my AR blog, or on the US 19 Billboard or in the Q&
A section of Active Rain that is publicly viewable all play a role regarding price fixing. Maybe a response to another question that explicitly seeks price and compensation information is more pertinent.
And does the reasonableness of the answer have a bearing such as $1,000,000 for that 3/2 bungalow opinion of value?
But I do believe an effective marketer could take excerpts of such a discussion and create a better marketing strategy.
Yes, the FTC does frown on competitors COLLUDING on price.
2,781,163
Roy...I dont think discussion comes under banning rules. Freedom of speech prevails
1,157,785