Originally Posted by westernrider75 (Post 2130554)

Just an FYI, some are Realtors.

Originally Posted by jonathanb (Post 2130543)

Ok I am a retired village real estate representative. The commission on new homes is less than you would make if you were an MLS agent selling homes. The difference is village real estate representatives work on volume. So you earn less per home but earn more per year because of volume of homes you sell. As for not being realtors. I was a realtor up north. It has zero to do with licensing and more to do with the status of belonging to an organization and receiving a designation.

Originally Posted by JMintzer (Post 2130462)

Those #s most certainly shoot down the claim that they "push new homes", as they can make MORE money on resales...

Originally Posted by Tom Dumansky (Post 2130577)

REALTORS are held to a higher standard with the Code Of Ethics enforced by the State and Nation Board of REALTORS. They can be fined and possibly lose their license if they are found in violation of the Code Of Ethics!

Originally Posted by PJ_Smiley (Post 2130426)

The Villages Real Estate Sale Agent commission schedule was released when the Developer sued the "rogue" agents.

On new homes, the agent gets 1.5% of the net income of sales price (less furniture, pool package, discounts, and closing costs). The % increases for the number of new homes sold by the agent: 1-19 = 1.5%, 20-25 = 1.75%, 26-31 = 2.0%, 32-37 = 2.25%, 38 up = 2.5%.

On resales: 1.5% sellers commission and 1.5% buyers commission, so if agent lists the home and sells the home, agent would get 3.0%. The agents pays a couple of minor fees.

The above is a few years old, so it may have changed.

Originally Posted by Tom Dumansky (Post 2130577)

REALTORS are held to a higher standard with the Code Of Ethics enforced by the State and Nation Board of REALTORS. They can be fined and possibly lose their license if they are found in violation of the Code Of Ethics!

Originally Posted by Kenswing (Post 2130417)

Is that really any of your business? Do you tell people how much you make when they ask?

Originally Posted by asianthree (Post 2130596)

We filed a formal complaint, years ago, that was encouraged by other realtors, we got a letter that complaint was received. several agents, that knew the severe issues, told us there was no action was taken from the board or the person who owned the agency. Not even a slap on the wrist. Realtor is still working, with that so called “Code of Ethics” In TV have witnessed bold lies from Realtors, guess code of ethics has a grey area for some, or maybe they know fines or loss of license is few and far between

Originally Posted by jimkerr (Post 2130575)

Yes, and people saying they push new homes is a myth. My agent didn’t care what we purchased as long as we purchased something He showed us both new and resales.

Originally Posted by manaboutown (Post 2130606)

It is no myth. My first Villages agent steered me to new homes only. He evaded showing me even one resale even after I had made numerous requests. Eventually I moved on to another agent.