Friday, December 19, 2014

Robberies Update

Thanks for the feedback from those of you with knowledge of this ripoff. It didn't take me long to find several more examples of the same local brokerage charging their clients the junk fee. The "Broker Only Commission" is exactly the same as the infamous "Regulatory Compliance Fee" that used to be charged by another local brokerage. It's a junk fee that has no place on the vast majority of settlement statements. One reader was kind enough to forward me a portion of their contract that showed the fee disclosed and pre-printed on the last page, presumably to make it seem legit. In two other cases that I looked at, that line was omitted from the contract but the fee was inserted on the settlement statement.

People, do not pay a fee to your agent or broker above the commission they are receiving unless it's a case of reduced or no commission and you want them to be paid an appropriate amount for their work. If you are presented with a contract or settlement statement showing a "Broker Only Commission", "Regulatory Compliance Fee" or any other fee paid to your broker by you, refuse to pay it unless you previously agreed to and are OK with paying it. No agent or broker is going to let the deal die because you refused to be robbed of $345 at closing.

Agents, don't be bullied into ripping off your clients. This is a shady practice and it won't continue without your complicity. There are plenty of good brokerages that don't encourage you to treat your clients poorly. Do the right thing.

Beautifully Written Breath Hold Diving Techniques from

Release snorkel, pike, raise leg, begin to drop. A few strong slow kicks to get to negative and then, depending on the type/depth of diving, glide down to depth or kick a bit more to get through the top portion of the dive and down to depth. Mentally, as a natural low-level anxiety emerges, the game begins. The relationship towards the fear of air starvation becomes a game. It is "out there" in the consciousness, and I physically smile at it like an old acquaintance, neither friend nor enemy.

Ultimately, my control of, or my relationship to, these feelings begins to erode. It "becomes" time to go up. Small contractions may begin in my gut/diaphragm and throat. I begin to smile and to redouble my relaxing "non-effort efforts". Anxiety, tension and wasted movement are the tricksters that conspire to rob me of oxygen (and life). I smile at them, search for that relaxation, and rise. Kicking slowly, trailing my gun. Streamlined. I focus on the beauty of the light above and I move towards it.