Toms River, New Jersey (PRWEB) April 12, 2013
The spotlight is now on the 40 billion dollar real estate commission market. Real estate industry veteran and national speaker Scott Einbinder will square off against outspoken Help-U-Sell Bay Beach broker Dan Desmond in a public debate about the industry’s most sensitive issue—commissions and real estate sales models. Einbinder argues that commission-based compensation delivers optimal value to homebuyers and sellers. Desmond’s position is that consumers pay excessively with brokers who charge on a commission.
The debate will take place on Thursday, April 25, at the Clarion Hotel in Toms River. The controversial topic has sparked a wave of interest, resulting in 250 sold out seats at $10 each in a matter of days. In addition, several sponsors stepped up to support the event after the local Ocean County Board of Realtors rejected to support it. The controversy is based in the real estate industry’s notorious past with the Department of Justice and until now brokers have kept the commission conversation in the closet.
“I have known for years that the topic of real estate services, models and commissions is one that many brokers do not want out in the public eye,” Einbinder states. “I was convinced that if this public forum could be arranged it would be groundbreaking.”
The debate stemmed from a Facebook challenge last November between Einbinder and Desmond. Einbinder posted disagreements to Desmond’s claim that the traditional commission based real estate model is unfair and hurts consumers. After skirmishing for several weeks, Einbinder offered to debate the controversial topic in a public forum.
The sensitivity of the topic is causing a stir among real estate professionals, according to Einbinder, who explains that some Brokers have discouraged their agents to attend. Einbinder experienced the impact directly when the broker who holds the license of Scott Einbinder terminated him from the firm for just participating in the debate.
Both Einbinder and Desmond look to turn this debate into a topic that is no longer shunned by the industry. “It is about time that all this talk of transparency turns into real action,” Einbinder states. He also notes that the reaction from agents and the public has been nothing short of amazing.
The debate will be moderated by industry experts. Local and state political leaders have been invited to attend. All proceeds from the event will go to Habitat for Humanity. “We turned this conversation into a benefit for the community,” Einbinder says.
About Scott Einbinder
Scott Einbinder is a real estate veteran with more than 25 years in the real estate and mortgage industries. He is one of few real estate professionals who has owned or operated a successful traditional real estate firm, mortgage banking company and discount real estate operation. As a consultant and national speaker, he has given more than 1,500 real estate presentations to over 400,000 professionals nationwide.