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Tuesday, May 02, 2006

Take a Lesson on How Las Vegas High Rise Condo Developers Treat RE Agents

There's an interesting way to determine how "solid" your Las Vegas high rise condo project really is which you probably never considered before - and it's how willing the project is in paying commissions to real estate agents who sell their units.

When a Las Vegas high rise condo project pays commissions to agents before their project completion and are including clauses that DON'T demand the commission check back should the project fail, you know you're looking at a project that believes its product will get built and will work.

Many agents in town have been burnt by the likes of failed projects including Krystle Sands, Ivana, ICON, etc. both in terms of money and in credibility in the eyes of the clients they put in those projects. Since high rise projects all know the key to successful sales is broker cooperation, the ones that are stepping to the plate with their pocketbooks are the ones you know will succeed.

Think about it. If I'm confident in the job I do or the service I perform, where's the downside of offering a satisfaction guaranteed or money-back guarantee promotion. I know I can deliver, and it gives the client the confidence that they chose the right vendor. Likewise, if a high rise project is confident in their ability to complete the project, why not pay an agent with non-recourse commissions? - And if you're an agent (or a buyer for that matter), that has to give you the confidence you're pitching the right deal or getting into the right development.

Las Vegas high rise condo projects such as Trump, Cosmopolitan, One Las Vegas, Sky Las Vegas, and Streamline - to name a few - all pay non-recourse commissions to real estate agents. Some of these commission amounts are quite substantial. If they're willing to commit that type of money to agents before the completion of their respective projects without expecting refunds in case of failure, you've got to believe that they're confident about their project and their ability to deliver. And that always translates into great opportunities for buyers. Shouldn't you be one of them?

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