Tony and Suzanne Marriott's Phoenix Arizona Real Estate Blog

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Commission "Justification"?? DON'T "Tear It Up"!!

 

I've read in the 'Rain, and elsewhere, that one technique for justifying the amount of commission to a Seller requires the use of a few dollar bills - just how many - that's for each of us to decide - and not to collude.

 

Step 1 - Place the bills in a small stack in front of the Seller.

 

Step 2 - Remove some bills from the stack, set to one side, and observe that this is the amount offered to the Broker who brings the Buyer

 

Step 3 - Remove a bill or two from the stack, set to one side, and observe that this is the amount that goes to the Listing Brokerage and the expenses of the sale.

 

Step 4 - Take what's left and tear it into pieces to show all your other expenses, and therefore what's left for you as commission.

 

Only proceed with the crossed out Step 4 above if you are interested in a fine or imprisonment!

 

Don't take my word for it - read on!

 

Defacement of Currency

"Defacement of currency is a violation of Title 18, Section 333 of the United States Code. Under this provision, currency defacement is generally defined as follows: Whoever mutilates, cuts, disfigures, perforates, unites or cements together, or does any other thing to any bank bill, draft, note, or other evidence of debt issued by any national banking association, Federal Reserve Bank, or Federal Reserve System, with intent to render such item(s) unfit to be reissued, shall be fined under this title or imprisoned not more than six months, or both."

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About the Authors - Updated 2018

If you are considering a Traditional or Short Sale of your home in Phoenix, Scottsdale or any location in Maricopa County Arizona, you owe it to yourself to talk with Haven Express @ Keller Williams Arizona Realty to determine whether Tony and Suzanne Marriott are the best real estate Brokers in the Phoenix and Scottsdale metropolitan area to help you with the Successful Sale of your home.

Tony and Suzanne have personally Listed, Sold and Closed more than a hundred Short Sales with the highest list to close rate in the Phoenix Metro Area!

Tony Marriott - Chief Executive Officer - Haven Express @ Keller Williams Arizona Realty

Suzanne Marriott - Chief Learning Officer - Haven Express @ Keller Williams Arizona Realty

Associate Brokers, REALTORS
Haven Express
Keller Williams Arizona Realty

Comments

Good afternoon Tony and Suzanne,

Somebody has real money in their pocket!

Make yourself an astonishing day.

Posted by Raymond E. Camp, Licensed Real Estate Salesperson Greater Rochester (Howard Hanna Real Estate Services) over 3 years ago

Tony and Suzanne kind of strange, you can go to jail for defacing a dollar bill, but cheered on for defacing the American Flag.  There is more than just a little something wrong with that.

Posted by George Souto, Your Connecticut Mortgage Expert (George Souto NMLS #65149 FHA, CHFA, VA Mortgages) over 3 years ago

I'm not tearing up any of my money, I'm kind of hoping my reputation is justification enough.

Posted by Liz Wallace, Broker C21 Sherlock Homes, Rockville Centre, LI, N (Century 21 Sherlock Homes) over 3 years ago

I'd be tearing up my lunch money! I don't care how much I made, I would never do that!

Posted by Chrissi Chapman Topoleski, HOME~There is no place like it! (Re/Max Real Estate Connections) over 3 years ago

I was trying to think of a snappy, witty and humorous line about about tearing up money...There is none!

Posted by Gary L. Waters Broker Associate, Bucci Realty, Fifteen Years Experience in Brevard County (Bucci Realty, Inc.) over 3 years ago

Hi Tony and Suzanne.  I don't think I would do that.  Strange.

Posted by Conrad Allen, Webster, Ma, Realtor (Re/Max Professional Associates) over 3 years ago

I have heard the use dollar bills example and never once heard to tear the last bill up.  The last one I get to keep after I've explained where the rest go

Posted by Tammy Lankford,, Broker GA Lake Sinclair/Eatonton/Milledgeville (Lane Realty Eatonton, GA Lake Sinclair, Milledgeville, 706-485-9668) over 3 years ago

It's almost like tearing off the tag on the mattress . . . if no one sees you do it, or if no one tells on you, does it matter?  I wouldn't tear up money anyway, but you know what I mean!  

Posted by Carla Muss-Jacobs, RETIRED (RETIRED / State License is Inactive) over 3 years ago

In this case yes Raymond E. Camp - thanks for stopping by with a comment!

Posted by Tony and Suzanne Marriott, Associate Brokers, Serving Scottsdale, Phoenix and Maricopa County AZ (Haven Express @ Keller Williams Arizona Realty) over 3 years ago

Agreed George Souto - thanks for stopping by with a comment!

Posted by Tony and Suzanne Marriott, Associate Brokers, Serving Scottsdale, Phoenix and Maricopa County AZ (Haven Express @ Keller Williams Arizona Realty) over 3 years ago

Makes sense to me Liz Wallace - thanks for stopping by with a comment!

Posted by Tony and Suzanne Marriott, Associate Brokers, Serving Scottsdale, Phoenix and Maricopa County AZ (Haven Express @ Keller Williams Arizona Realty) over 3 years ago

A prudent approach Chrissi Chapman Topoleski - thanks for stopping by with a comment!

Posted by Tony and Suzanne Marriott, Associate Brokers, Serving Scottsdale, Phoenix and Maricopa County AZ (Haven Express @ Keller Williams Arizona Realty) over 3 years ago

Agreed Gary L. Waters, Broker Owner, Waters Realty of Brevard, LLC !! - thanks for stopping by with a comment!

Posted by Tony and Suzanne Marriott, Associate Brokers, Serving Scottsdale, Phoenix and Maricopa County AZ (Haven Express @ Keller Williams Arizona Realty) over 3 years ago

Neither would I Conrad Allen - thanks for stopping by with a comment!

Posted by Tony and Suzanne Marriott, Associate Brokers, Serving Scottsdale, Phoenix and Maricopa County AZ (Haven Express @ Keller Williams Arizona Realty) over 3 years ago

I've read it a few times Tammy Lankford, - thanks for stopping by with a comment!

Posted by Tony and Suzanne Marriott, Associate Brokers, Serving Scottsdale, Phoenix and Maricopa County AZ (Haven Express @ Keller Williams Arizona Realty) over 3 years ago

If a tree falls in the woods... Carla Muss-Jacobs, Principal Broker/Owner - thanks for stopping by with a comment!

Posted by Tony and Suzanne Marriott, Associate Brokers, Serving Scottsdale, Phoenix and Maricopa County AZ (Haven Express @ Keller Williams Arizona Realty) over 3 years ago

This technique was first used by Floyd Wickman more than 20 years ago. He never tore the bills...just folded the last one up and put it in his pocket. 

Posted by Margaret Rome, Baltimore Maryland, Sell Your Home With Margaret Rome ( HomeRome Realty 410-530-2400) over 3 years ago

Floyd had the right idea Margaret Rome, Baltimore Maryland - always good to hear from you!

Posted by Tony and Suzanne Marriott, Associate Brokers, Serving Scottsdale, Phoenix and Maricopa County AZ (Haven Express @ Keller Williams Arizona Realty) over 3 years ago

Tony and Suzanne Marriott, Associate Brokers I, too, have used this dollar bill technique.

Posted by Margaret Rome, Baltimore Maryland, Sell Your Home With Margaret Rome ( HomeRome Realty 410-530-2400) over 3 years ago

Without tearing it up - correct Margaret Rome, Baltimore Maryland ?

Posted by Tony and Suzanne Marriott, Associate Brokers, Serving Scottsdale, Phoenix and Maricopa County AZ (Haven Express @ Keller Williams Arizona Realty) over 3 years ago

Tony and Suzanne Marriott, Associate Brokers Without tearing it up...that is correct!

 

Posted by Margaret Rome, Baltimore Maryland, Sell Your Home With Margaret Rome ( HomeRome Realty 410-530-2400) over 3 years ago

That's good Margaret Rome, Baltimore Maryland !

Posted by Tony and Suzanne Marriott, Associate Brokers, Serving Scottsdale, Phoenix and Maricopa County AZ (Haven Express @ Keller Williams Arizona Realty) over 3 years ago

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