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Nesgroup address: alt.real-estate-agents - Date & Time for the message: Sat, 23 Jul 2005 00:17:47 -0400 /

Author of the message: "homan4"

Title of the message:
Re: Radical change in any direction is good news???

Text of the message:

>> One result of a bursting RE bubble could be a radical change in
>> marketing:  More streamllined with lower commissions for RE sales
>> agents.  High commissions in the 5-7% range may be justifiable when
>> "irrational exuberance" drives prices up in a bullish RE market and the
>> seller has profits to draw from.  Actually, many in the mortgage and
>> real estate business have done very well over the past few years.  I'm
>> talking about the serious, established, professional realtors ... not
>> the novice part-timers.  The idea that a bearish RE market would be good
>> for realtors is ludicrous.  Art

Say what?
First what is this about 5-7% being "high commissions?"  I consider 5% low
and 7% normal.  You have been reading too many Newsweek articles - most of
which are written by reporters who don't know what they are talking about.
The rapid rise in real estate prices and media hype has caused numerous



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