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One Percent Realty Ltd. was established in the spring of 1999. It is like we are charging all our clients a 7% commission calculated on just the 1st $100,000 with no charge for the balance i.e. as if their home was priced $100,000 each time. For our Full Service on MLS for homes under $600, 000 or $600, 900 of commission whether the home is $200, 000 we charge the same flat $6, 000. It did not make any sense to us either. There is very little difference, 000 home seller 3 times more commission than the $100, 000 and 3% on the balance) will cost the $600, yet a common two tiered commission structure (eg. 7% on the 1st $100, 000 seller. They both get listed on the MLS system, advertised, shown to potential clients, contracts get negotiated on them both. While we are really strong believers in the power of the MLS® system to effectively market homes to the buying public, we also believe it may not be worth what the industry often charges for it. For the most part, it requires the same amount of effort to sell a $100,000 property as it does a $600,000 property. By offering full service at a lower commission rate our salespeople spend less time looking for business and more time doing our job, which is selling your property. This is contrary to the seller's belief that when their property is listed that is when the Realtor job starts. In fact, like it or not, most real estate agents feel that half of their job is done the night they list your home for sale. Real estate agents spend most of their time soliciting business. As a result One Percent Realty Ltd. was incorporated. The initial introduction of the One Percent real estate brokerage concept to the public was through a Remax franchise office which initially approved, but then revoked it's approval shortly thereafter. Market research suggested that the public recognized the value of a "middle man" for showing properties and negotiating a sale, but that they viewed prevailing commission rates as too high. For homes pRead more...
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