![]() Recently one of my business associates came up with the following idea and I thought it was such a brilliant Idea I decided to post a blog about it. Allow me to propose that project commission fees no longer be assumed equal splits among everyone involved in a transaction… We have three categories of participants involved in many deals 1) Producers… 2) Introducers... 3) Associates… The structure could be applied to Intermediaries, Facilitators and Mandates Groups to confirm the involvement and each party brings to the transaction. Defined as follows: • Producers are individuals that actually plan, organize, structure, negotiate, and facilitate the transaction process through closure… These are the actual workers that get the majority of the commission… • Introducers are individuals that can bring in an enabling party… A person that can assert influence over transaction principals to expedite the process… If the enabling party needs to bring others to assist them then they must share the commission allocation with those individuals… • Associates are individuals that knows someone who knows someone and here is his/her phone number… As I see it right now all of these people have their hands out for a full share… Producers do 95% of the work and put in 95% of the time and effort… Introducers contribute 3% to 4% of the work, and Associates however long it takes to make a phone call to introduce someone… It is intellectually insulting that the second two categories believe they should get as much as the first category… No more “I gave you a phone number… Where are my millions?”... Let’s introduce some reality into this anarchy… My suggestion based on the total commission… Producers… 80% Introducers… 15% Associates… 5% PLEASE PROVIDE YOUR COMMENTS AND TAKE A MOMENT TO VOTE ON THIS IDEA BELOW. THANK YOU... 12/12/2013 04:45:15 am
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