Team 3000 Realty Burnaby, East Vancouver and New Westminster
I would like to give you a little background as to how this Revolutionary concept came to be. Many people have asked me what is the hybrid commission structure and how does it work.
Here are some answers
The Typical Commission Structure
The "typical" model is based on the seller paying commissions of 7% of the first $100,000 and 2 ½% on the balance. This model has worked well for many real estate agents in the past. However as prices of real estate increased so did the commissions charged. This combined with the explosion and ease of available information on the internet made it obvious that the "typical" commission model was outdated. A more equitable commission structure was needed. Discount real estate commission companies were born.
The Problem With Discount Commissions
Many discount real estate companies can be challenged by the fact that they offer a smaller commission to the buyer's agent. This could restrict the quality of service offered to the seller. Some buyer's agents are reluctant to show properties listed with these companies. In my experience, this trend seems to be getting stronger. I have had first hand experience with these selling issues when I was a top realtor with a major discount commission real estate company here in the Vancouver lower mainland.
Therefore properties listed with these discount commission real estate companies could take longer to sell at the "what the market is bearing price." The commission policy of some discount companies limits the amount of commission they offer the buyer's agent. Team 3000 Realty Ltd. realized this and was born in 2009.
The Team 3000 Advantage
At Team 3000 Realty Ltd. we are of the opinion that the listing function is standard in the amount of work required. It is our opinion that the same paper work is required for most residential listings. Therefore we offer sellers of real estate a standard listing side fee of only *$3000.00 no matter the value of the residential property. This alone will save you thousands of dollars. To provide the maximum exposure and attract as many Buyer's Agents as possible we allow the seller to choose the amount of commission offered to the Buyer's Agent. We recommend that "you choose" a competitive and attractive commission amount. This is the beauty of the Team 3000 Realty Ltd. commission structure. There are many advantages to selling your real estate this way. The main advantage is that your listing is not at a disadvantage in the MLS when real estate agents are choosing which listing to send their buyer for consideration.
Click here to see how much you may save
How Can I Provide Full MLS® Service At Such A Discount
Simple! I focus my business in the areas close to where I live i.e Burnaby, East Vancouver, and New Westminster. This allows me to save time and money on travel, advertising and other expenses. I pass the savings on to you. Because I am in your neighbourhood I have superior local knowledge and am able to service your listing better, with quicker response time.
*Plus disbursements