I also do not buy in areas that lack a strong history of retail buyers unless I further reduce the price to compensate for a longer hold time.

There are a lot of landlording hassles in these areas and you need to be compensated accordingly.Personally, I wouldn't pay more than $47K in this market (50% of market value).

I have my buyer's sign a 'buyer's broker agreement' which clearly describes our relationship, compensation and duties.

There are 5 sections re Compensation to be paid to broker, and I've asked for modification to Sections A and B, to Delete C and D, and E Im okay with.

Compensating for this somewhat is the fact that I'm a self-employed web developer, so I can do my work from anywhere.

I would simply work with them using my contacts to facilitate getting them listings & work out some sort of arrangement for compensation.

I've heard many different ideas for "compensating" good tenants, from installing celing fans to buying TVs, and so on.

This means that real estate brokerages and professionals are under a microscope, and any anticompetitive conduct is likely to be detected and prosecuted.Price fixing can be in any form, other than commission rates, such as conspiracies to fix the length of a listing, the type of listing accepted (exclusive right to sell, exclusive agency or open), or the formula upon which compensation will be based (flat fee, percentage of the sales price, or a variable percentage depending upon the sales price) also may be per se illegal.

You have to dangle a carrott to be different from the other properties they handleWe have a saying around our office: "your compensation plan is your job description."

Did I mention that there is compensation involved too!!!