We have a dilemma on our hands? Do we change our real estate business into a non profit? We ask this question because we have recently been asked to cut our commission by 33% on a recent sale! This is in addition to the never ending request for real estate help requested by the
For Sale by Owners!
For Sale by Owners!
The Wells Team is not in the real estate business because we needed a hobby! This is how we make our living!
For some reason many people cannot make the same conclusion. As far as they are concerned we are a service they want to avoid using because of the commission. At the same time they have no problems asking us to use our limited free time to assist them in the selling of their For Sale by Owner property.
We also see no end in sight to the request to cut our commissions by 1 point which equates to a 33% overall commission cut!
Our marketing expenses, board dues, gas, desk fees, and marketing have not declined by 33%!
Simple conclusion: If we take the commission cuts that are requested and work for free, then why continue in the real estate business? A simple solution would be to ask for non profit status. At least we get a tax break!
