Davenport Iowa Real Estate

head_left_image

Department of Justice is WRONG!!!

JUSTICE 

At the urging of our famous Broker Bryant, I am making this a post.  While reading one of BB's greatest posts, I was directed to read:http://www.bloodhoundrealty.com/BloodhoundBlog/?p=978.  Upon doing so, I discovered that one of their regular contributors over there is a Mr. Michael Cook.  Mr. Cook wrote a horribly misinformed perspective about real estate agents and the "monopoly" they have created.  The following is my response:

"Mr. Cook,

What is a "standard commission" that you referred to? You clearly don't know my market. I've seen commissions from 2% to 10%. Where is the monopoly?

You even mentioned 5%-7% varied commissions. How is 5%, 5.25%, 5.5%, 5.75%, 6%, 6.25%, 6.5%, 6.75%, and 7% FIXED? Even from YOUR statistics (which aren't accurate) how does 9 different commission rates equate to "fixed"? Look it up in the dictionary. Where is the monopoly?

You stated that you negotiated down your commission on the sale of your "slam dunk" property. You couldn't have negotiated anything if it were as you called it "fixed". Where is the monopoly?

The reason the Justice Department is looking into the real estate business is because of uninformed people like you whining about commissions. If there's so much money to be made in real estate, why do 9 out of 10 people fail in the first year of the business? If there's so much money to be made in real estate, why does our company (the number one company in sales in our region) only make an average of $140 per transaction? Where is the monopoly?

You commented, "So why have consumers not demanded lower prices", what? Have you seen teachers salaries decrease? What about police and fire fighters? The reason most people's income doesn't go down is because of the free market system of supply and demand. You see, the average person isn't interested in working nights, weekends, during their child's soccer tournament, on a sunny Saturday when the golf course is calling, on their birthday, on their anniversary, getting calls at all hours of the day including dinner and sex, and most people don't care to replenish their flyer boxes and try to drive in open house signs into the frozen ground when it is -3 degrees out like today! You see, it's the tough ones that survive this business. It's the value received by the consumers for services rendered that keeps the commissions at a fair level. Where is the monopoly?

You didn't step on my toes, but you stomped on common sense all over the place!

Mr. "NYCJoe",

Do you go into a private club and expect them to serve you dinner when you aren't a member and haven't paid your dues? What about a private golf course? Do you expect to play their course when you haven't paid the dues that support their greens and staff? If you have a hammer and nail bag, do you expect a carpenter's union to give you work when you haven't served an apprenticeship or paid your union dues that support their organization? There's another hundred analogies out there but hopefully you get the point. No one, including the DOJ, can claim a monopoly here when all someone has to do is pay a fee to join and pay a fee to support the services NAR offers to its members. Or they could go the more expensive route and start their own organization (and I'm sure that they wouldn't want to charge anyone for providing all these services to them because that, in their minds, would be a monopoly).

Did General Motors cry "foul" at Ford?

Go on out and start your own association/organization if you want. Or join the rest of us hard-working, PROFESSIONALS in NAR! Wake up! There ain't no free lunch in life!

IF YOU WANT TO DANCE TO THE MUSIC, YOU GOTTA PAY THE PIPER! Pied Piper

Lucky :) "

Well?  What say ye "Rainers"?  Shall we "Rain" on his parade?

For info about Quad City Area Real Estate, please call:

LUCKY LANG, QUAD-CITIES FAVORITE REALTOR®

Lucky Lang Davenport Iowa Real Estate for Sale

Lucky Lang, SRES®, RFC

Licensed in Iowa & Illinois

Mel Foster Co., Inc., 3211 E. 35th Street Ct., Davenport, IA 52807-2585

Cell: (563) 676-9031

Toll Free: (800) LISTING (547-8464)

LuckyLang.com

Don't let this great Real Estate buying opportunity pass you by!!!

Comment balloon 34 commentsLucky Lang • February 05 2007 12:38AM
Department of Justice is WRONG!!!
share
At the urging of our famous Broker Bryant, I am making this a post. While reading one of BB's greatest posts, I was directed to read: http://www. bloodhoundrealty. com/BloodhoundBlog/? p=978 Upon doing so, I discovered that one of their regular… more
It's A Small World… After All!!
share
After returning from a beautiful trip to Florida, I received a referral of someone relocating to Iowa from Australia. One might ask, why would you move from to All I can say is that you really enjoy the one after you have the other. I'll let you… more
4002 E. 59th Street, Davenport, Iowa 52807 - SOLD!
share
WOW! Only $299, 900!! THIS FANTASTIC FOUR BEDROOM FAMILY HOME FEATURES A BEAUTIFULLY LANDSCAPED 120' x 155' YARD WITH COUNTRY FEELING, FABULOUS FAMILY ROOM, BUILT-IN COMPUTER DESK IN QUALITY KITCHEN,… more
5440 Shawnee Drive, Davenport, Iowa 52804 - SOLD!
share
NOW PRICED AT JUST $299, 900!!! WOW!!! Too late, it's Sold! QUALITY CRAFTSMAN STYLING ON THIS AWESOME ANGLED STAIR PLAN W/WIDE OPEN FOYER! ENJOY THE COMFORT AND FLEXIBILITY THIS 4 BEDROOM FAMILY HOME PROVIDES! SIT OUT… more
1200 Bridgeview Place, LeClaire, Ia 52753 - SOLD!
share
ONLY $274, 000!! THE FRONT PORCH BECKONS YOU TO COME RELAX AND ENJOY THE COUNTRY FEEL OF THE BLUFFS SPACIOUS 2 STORY FOYER, FOUR FABULOUS BEDROOMS, TWO AND A HALF BEAUTIFUL BATHROOMS, OPEN STAIRWAY SHOWCASES THE… more
You may know FSBO & LTV but what about OOC & OMC?
share
In today's fast-paced abbreviated world we find acronyms everywhere we go. Frequently, in the author's need for speed we are left behind (at least I am) with jumbled letters and frustration! If you think that big brother Webster will help, guess… more
6855 Little Cabin Road, Bettendorf, Ia 52722 - SOLD!!!
share
This gorgeous home is situated high on a hill in Old Hunters Woods with beautiful views and some glimpses of the Mississippi River Old world charm and quality with exquisite detail from the 13'… more
Why Do Bad Appraisals Hurt Buyers/Sellers???
share
How many times have you had to try to fix someone's situation when they were behind the eight ball because of a BAD APPRAISAL!!! This week we hope to close on a deed in lieu of foreclosure. These people bought this house just 4 years ago for $97… more
Have a SAFE and Happy Thanksgiving!
share
Since more foodborne illnesses occur at home than any place else and having owned a restaurant for 17 years I have a few tips for everyone on this Thanksgiving Day: 1) Wash your hands continuously, especially when handling raw meat products and… more
You Might Be A Real Estate Agent…
share
Jeff Foxworthy's "… you might be a red-neck" routine is hilarious! Let's have some fun with our profession. Here's a start: 1) If you fill up your gas tank in the morning and your gas gauge is tilting towards "E" my noon… more