[westernrider75]

I’m sure they earn every penny

[retiredguy123]

Originally Posted by westernrider75

Just an FYI, some are Realtors.

I was told by a Villages agent that they are not allowed to be Realtors because The Villages (broker) is not a member of the National Association of Realtors (NAR). And, the only way to be a Realtor is if the broker who you work for is an NAR member. If some Villages agents are Realtors, then they may also be working for another non-Villages broker who is an NAR member.

[asianthree]

Originally Posted by jonathanb

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.

Well said

[jimkerr]

Originally Posted by JMintzer

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

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.

[Tom Dumansky]

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!

[dewilson58]

People.................The poster's first post (on the 26th) and has not been back.

Do you think he/she cares???

[retiredguy123]

Originally Posted by Tom Dumansky

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!

Yes, a licensed agent can lose his or her State license for doing something unethical. That would be done by the State board of licensing. But, it would not have anything to do with being a Realtor, a designation provided by the National Association of Realtors (NAR), which is a private organization that has nothing to do with issuing real estate agent licenses. All agents with a state license are held to the same ethical standards that are established by the state, with regard to holding and maintaining their license.

[msilagy]

I was led to believe 1.5% on NEW and 1% on PRE-OWNED. One reason many try to steer a buyer to new homes.

[Ken D.]

Originally Posted by PJ_Smiley

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.

Sure you don’t mean “net sales price”? If it were “net income”, that would mean something considerably lower.

[asianthree]

Originally Posted by Tom Dumansky

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!

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

[Boston1945]

Originally Posted by Kenswing

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

Besides, it's a sign of the times. It's "TOP SECRET."

[retiredguy123]

Originally Posted by asianthree

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

Did you file the complaint with the State of Florida or with the National Association of Realtors?

[manaboutown]

Originally Posted by jimkerr

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.

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.

[retiredguy123]

Originally Posted by manaboutown

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.

Interesting, but I would have moved on after making one request. I don't see how they can stop you from looking at their pre-owned listings.

[Dani & Bill]

wrong