I started this post monte after I got a take it or leave it response from one of your guys. And you know who he is since he told you about this thread. I knew that sooner or later you would have to make an appearance here to defend yourself.
As far as 2 years protections goes.....that a deal killer.. I am a realtor and we are lucky to get 90 days. And its rarely enforced.
If someone were to see my domain name and didnt want to pay the reserve today, but 1 year from now, for whatever reason, better cash flow, more necessity, decides hes gonna call me on the phone.....
you think you should get a cut? I dont think so dearie. One or two years later would hardly qualify as deal circumvention. Give our pea brains a little more credit than that.
A very small minority may try to beat the system, as they do in real estate, but we are talking a number in the 1-3 percent range, by my best guess. Is your profit margin that fine? I doubt it.
And how about you pay out of your pocket for air time or trade magazines like I do as a REALTOR? Its only fair if you are seeking 15-20% commission. I do it and my commission is only 3% to 6%.
BTW thats very humble of you to compare yourself to Southeby (
est. 1744) or Christies (
est. 1766). I think I see where you are coming from now.
Steve
P.S.
I question weather Florida Statutes would even allow for a 2 year protection after the close of an auction.