The median home price in Chittenden County Vermont is roughly $262,000. Under the prevailing compensation model in Chittenden County, real estate firms charge 6% to represent a seller and 3% to represent a buyer in Chittenden County.

Assume that an agent completes 12 transactions in a year or 1 per month. At the median sales price above that agent would have sold $3,144,000 of real estate throughout the year. Assume that 1/2 of the transactions were at the rate of 6% and the other 1/2 were completed at the 3% rate. The total fees collected by that agent during the year would be $141,480.

Assume that the agent retains 70% of the fees and the other 30% goes towards overhead, costs and expenses. The agent would collect $99,036 for the year.

$99,036 and only completing 1 transaction per month? Assume that a transaction took 40 hours of the agent's time (which based upon my experience as a real estate agent, real estate lawyer, buyer and seller is on the extremely high side), the agent could essentially make $100,000 working 1 week per month.

With all of the advancements in technology and agent efficiency, don't you think that the prevailing model is outdated?

For a more equitable model check out our buyer agent services where we rebate our fees to our clients.

Look at Myth #4. Clearly they did not ask Flat Fee for a statement. With our model buyers have a say in the commission, as they should.

http://homes.yahoo.com/news/top-5-myths-about-home-buying-today-002212209.html

Please help us spread the word that Flat Fee Real Estate is looking to hire more agents in Vermont. In 5 short years our unique model has taken off in Vermont. We have grown by leaps and bounds, last year ranking 9th out of 417 firms in Vermont in terms of gross sales volume. And we accomplished that feat with only 5 agents. Imagine where we will be in a few more years as we double in size.

If you know anyone that is looking for an exciting career change or is simply looking to change firms, please let them know that they will likely find no greater future and long term career success than at Flat Fee Real Estate.

Thank you very much for your help and your support.

Because Flat fee shares its commission with its buyer clients, our buyers have a competitive edge when bidding on houses. Here is an example:

A home is listed by a firm and the seller is offering buyer agents a 3% commission. The home is listed for $350,000.

A buyer with an agent that does not share their commission offers $325,000 for the home.

A buyer client of Flat Fee offers $330,000 for the same home.

In almost every case, the seller is going to accept the higher offer of $330,000.

At closing Flat Fee receives a commission check for $9,900. Flat Fee keeps $3,500 and gives the rest, $6,400, to our client.

Thus, even though our client offered $5,000 more for the house, they actually paid $1,400 less than the other buyer was offering for the house.

As you can see buyers gain a competitive edge by using Flat Fee.