November 14, 2007

Is It Better To Be A Buyer Or A Broker At The Montgomery?

The Montgomery Brokers Bonus

While the sales office at The Montgomery is offering potential buyers who attend their November 17th open house and sales event (from 12 to 3) “a chance to win a $500 Whole Foods gift certificate!” (must be present to win), they’re offering brokers who put a buyer “into contract between November 15th and December 31st, 2007…a $1,000 Barneys New York Gift Card.” And yes, that’s in addition to their existing “Bonus Commission Program.”

If you're a buyer, let's just hope your buyer's agent comes through with a nice holiday or housewarming present. (Might we suggest a nice fat Barneys gift card?) And if you want to share that Barneys love (now that you know about it), you know how to reach us.

The Montgomery (74 New Montgomery) Gets A New Sales Team? [SocketSite]

First Published: November 14, 2007 11:07 AM

Comments from "Plugged In" Readers

Are brokers required to disclose these sorts of incentives to their clients?

Wonder how many actually do?

Posted by: Foolio at November 14, 2007 11:25 AM

Disclosure city.......Barney's boo ! They really need to work on their quality. The agents would get a lot more mileage from the card if they gave it to a client...

Posted by: Michael L. at November 14, 2007 12:39 PM

When are the listing agents going to start baking chocolate chip cookies for open houses? That's my kind of market indicator.

Posted by: emmett_brown at November 14, 2007 1:16 PM

At a recent open house, the broker had chocolate chip cookies along with mozzarella and tomato basil baguette sandwiches. Yummy! Oh yeah... not only were there chocolate chip cookies, there was an assortment of nicely decorated butter cookies as well. Could of had lunch for free!

Posted by: anon at November 14, 2007 2:06 PM

Now this is good web 2.0 information! Realtors, you want to feel the love? It can be so easy.

Posted by: emmett_brown at November 14, 2007 3:14 PM

Hello;

Yes, brokers are required to disclose incentives to their clients, though this does not always happen. Also this current trend of broker incentives is by no means unique to The Montgomery.

M.R.

Posted by: Mystery Realtor at November 16, 2007 5:22 AM

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