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Having the Compensation Conversation

By Brittany Rhoades posted 23 days ago

  

From NAR

Aim for long-term success rather than short-term profitability by being prepared to communicate your worth—but maintaining an openness to buyer and seller needs. Compensation discussions require a blend of transparency, confidence and adaptability. Here are some key points to keep in mind.

  • Understand your value.
  • Have real-life examples.
  • Explain the value of cooperative compensation.
  • Take lessons from commercial real estate.
  • Play the long game.
  • Know when to walk away.
  • Communicate clearly and often.
  • Consider risk.

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