Notorious POD, Ep. 25: Problems with REALTOR Compensation with Peter Lohmann

The busy season continues, as I just got off the road and am getting back on it come Monday. But I did find time to edit and upload this conversation with Peter Lohmann of Owner Occupied podcast.

In this episode, I speak with Peter Lohmann of the Owner Occupied podcast (link below) about problems with REALTOR compensation. He and Kevin Clark debate the issues in a very interesting podcast, and I wanted to follow up with Peter on those discussions. This is a wide-ranging conversation about Peter, property management, REALTORS, NAR, Zillow, etc.

Notorious POD, Ep. 25: Problems with REALTOR Compensation with Peter Lohmann

Podcast Only:

Video:

Peter Lohmann Links:

—– Peter’s Owner Occupied Podcast channel:

https://www.youtube.com/channel/UCGrk6yRgb0NAOBt10z2VZoA

 

The episode with Kevin Clark:

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Rob Hahn

Rob Hahn

Managing Partner of 7DS Associates, and the grand poobah of this here blog. Once called "a revolutionary in a really nice suit", people often wonder what I do for a living because I have the temerity to not talk about my clients and my work for clients. Suffice to say that I do strategy work for some of the largest organizations and companies in real estate, as well as some of the smallest startups and agent teams, but usually only on projects that interest me with big implications for reforming this wonderful, crazy, lovable yet frustrating real estate industry of ours.

1 thought on “Notorious POD, Ep. 25: Problems with REALTOR Compensation with Peter Lohmann”

  1. Lohmann is spot on with this industry being all about desk fees, best of luck changing that. The industry, led by NAR, could not care less about skills, qualification or any performance; just pay the monthly fees and associated local/state/national fees. One of two things may change this – really only one has a slight chance –

    1. Get the public to demand professionalism among agents. There is ZERO chance of this because buyers/sellers will feel guilty if they don’t use a friend or relative. I’ve seen exceptionally smart and successful people use complete dummies due to social or familial guilt.

    2. Raise the entry and retention bar. Do what the appraisal industry did; intern period then classifications based upon experience and volume. This allows some separation between hobby agents and pros.

    Remote chance because NAR will never slay the golden goose of monthly fees. Of course, maybe the IRS should press the “independent contractor” nonsense agents fall under. If brokers we’re required to maintain agents as employees perhaps that would change things. How the IRS doesn’t challenge this is crazy, I cannot hang my license with another firm, I’m provided a personal office and I have to follow company guidelines. How am I independent?

    This entire industry is bogus – but it shows the superpower of NAR and the stupidity of the public.

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