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11-12-2023, 06:36 PM
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Sage
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Join Date: Aug 2009
Location: NJ, NM, SC, PA, DC, MD, VA, NY, CA, ID and finally FL.
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Quote:
Originally Posted by frayedends
Another ridiculous scenario. If a seller is able to pay out an extra 10K in commission, they would just lower their price by 10K and sell faster.
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I've seen $10K - $20K bonus signs attached to for sale signs in yards in Albuquerque, NM. During slow markets it is fairly common. Obviously the bonus signs give notice to buyers and IMHO place stigmata on the houses. The Vaughan Company may have initiated the practice if I recall correctly. Doug Vaughan ended up in prison in Santa Fe for a Ponzi scheme. At one time, considering the size of the city, his MLS company was huge, 150 agents in five offices.
https://www.youtube.com/watch?v=DsiwTKYXr1E
https://archives.fbi.gov/archives/al...g-ponzi-scheme
New Mexico Mini-Madoff Case Provides Lesson For Investors
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Last edited by manaboutown; 11-13-2023 at 04:20 PM.
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