Negotiate Real Estate Commissions With Online Bidding


HungryAgents.comRealtors using, an online referral service that launched in February, compete for clients based on how much they are willing to reduce their commissions. Realtors pay a $795 fee for each successful sale stemming from the Web site’s referral., which launched this month, also allows real estate agents to compete for new listings. Agents pay a $10 registration fee and $15 for each qualified lead for each lead received from the site. Competing agents submit an e-mail presentation to prospective clients that lists “a commission rate, advertising commitments, open houses and other customer services.”

There are other examples of similar business models that match consumers with real estate agents who are willing to work for below-average compensation.

Read this article from Inman Real EstateNews

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Joshua Dorkin

Joshua Dorkin (@jrdorkin, Google+) founded when he saw a need for free, trustworthy information about real estate investing online. Over the past 12 years, Josh has grown the site from self-funded hobby to full-time job and passion. Today, BiggerPockets brings together over 600,000 members, housing the world’s largest library of real estate content, iTunes’ #1 real estate podcast, and an array of analysis tools, all geared toward helping users succeed.

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