Agent Management Company, a Familiar Ring
Public trust. It’s a real thing. It appears that this recent lawsuit that the NAR LOST has exposed antitrust, collusion and price fixing between agents.
I am thinking about creating a new AMC. We will call it an “AGENT MANAGEMENT COMPANY”.
We will create a buffer per say between the buyers agent and the sellers agent thereby protecting the buyer and seller. We will have a roster of approved agents nationwide. They will be thoroughly vetted. Routinely background checked. Ensure they are fully licensed. Ensure they are fully insured.
We will verify they have access to their own data. We will ensure that the use of runners is prohibited and that the licensed agent will be unlocking the door, showing the home, taking their own photos and performing the open house.
The agents will be provided a form where they can upload their fees and those fees will be collected at closing and distributed accordingly. No more with the percentage based off the value of the home.
Agents will be gauged on a metric system and those agents who perform better than their colleagues will be afforded more opportunities.
Agents will pay a technology fee when they upload the purchase contract and addendums.
Agents that receive revisions will have 2 hours to revise and re-upload.
We will have the representative speak to you in a manner that will make you as uncomfortable as possible but ensure you that your profile is up to date.
Agents that don’t comply will not receive orders. You are still on the panel though.
Agents will have to be geographically competent. The entire state is not your playground. You will have a radius placed from your primary office address and then a distance of 40 miles as the crow flies.
Any of this sound familiar? It should. That is how appraisers are treated.
Who wants to create the NEW “AGENT MANAGEMENT COMPANY” with me?