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Anna Horton

Spatulas and Bonuses

By: Anna Horton
Thursday, August 30, 2007 9:26 AM

The subject of bonuses and how to handle them reminds me of the first bridal shower I ever went to. I was 17, an older friend was engaged, I was a bridesmaid. My mother couldn't attend this shower, so I went alone. This was in the dark ages (1967), they served punch, tea sandwiches & cookies, interspersed with games, awful, horrible Hallmark Bridal Shower games. After 3 or 4, I finally won something! Hooray! I won a spatula! Whoopee, I place it in my purse, go home and carefully place it in my (OMG!) hope chest. (Jeeze, I'm old.)

 

Later, I find out at school in front of “everyone” in the cafeteria, that I was supposed to "gift" the prize (a spatula?), to the bride.  Totally humiliated, I have never participated in shower games since, still hate them. Yuck! My experience was only from birthday parties where you played the games in earnest; I didn't know the social "rules" of wedding showers

 

How on earth does this relate to Real Estate? I have received and taken one bonus from a builder. The client knew about it from the git go. I didn't show them the house because of the bonus; they didn't buy the house because I mislead them to obtain the bonus. I did, however, darn well keep the bonus. The clients were glad that they could actually help me, it was an extremely difficult transaction due to several of their personal complications and the third transaction I had done for them. They love the house they bought. We still work together

 

In our state, it is legal to take a bonus. Fully disclosed, I think that an occasional bonus balances out a whole lot of no-shows, lookie-loos, and time wasters. As Real Estate agents we give away a whole lot of our income. I know the rules now, I work by the rules and the spirit of the law. I'm keeping the bonus, I earned it.

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Comments

Cathy  Clark
Member Since '06

Cathy Clark said:

Fully disclosed and not a determining factor in the showing or the sale, I think it's OK.  Orthodonture and College are expensive.  I'm in no position to turn down cold, hard cash!

The story about the bridal shower is a hoot!  I remember those!  Your not that old.

August 30, 2007 9:08 AM
Mary Welch
Member Since '04

Mary Welch said:

Bridal showers, oh yes, give the gift to the bride to be. Eat cake. Ooh and ahh over each gift. Been there.

In life, an occassional "windfall" may come our way. It is against human nature to refuse these. Of course, we say "oh no, that's ok." but why not take something that is offered as long as it is all above board and all parties are happy. I am in windfall acceptance mode, bring it on.

August 30, 2007 9:17 AM
Jana Davis & Virginia Houghton
Member Since '05

Jana Davis & Virginia Houghton said:

Poor brides in CA.  We keep the prizes and the bonuses!  Well in most cases.  But I know what you are saying Anna, because I have heard people say on here that you should give the bonus to your client.  If the bonus was to help pay their closing costs, or pay down their interest rate, would you expect them to give you some or all of that money?  I don't think so.  What is the commission was over the norm?  Should we give our commission to our clients also?

August 30, 2007 11:34 AM
Anna Horton
Member Since '07

Anna Horton said:

Oddly enough, we have a discounter here that does give back 50% of his commission to his buyers. Well.... I should say we DID have ;-)

August 30, 2007 12:08 PM

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Anna Horton
RE/MAX North San Antonio II

Anna Horton
Member Since '07

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