Page 4 July 14, 2010
The Newscaster/Nature Coast News
Squawkrecreational areas include a walking/jogging track, softball and football/
Box Continued from page 1
Real Estate Today
Outdoor
Help Your Broker to Survive
soccer fields, but they are closed to all inmates at dusk. Other restricted areas are the base
A Guest Commentary by Darryl Diamond
theatre and the base gym. Parking lots are considered out of bounds, along with the front of
the Food Service and R & D buildings, and the Administrative Buildings, unless the inmate
The joke used to be “Hi I’m a Bro-
sions. In 2010 commercial
first checks in at the Control Center.
ker and I’m more ‘broker’ this month then
commissions are usually
No tobacco is allowed on the premises, so the prison offers inmates a smoking
last” Just how true that old joke is in today’s
negotiated in the 4 to 6
cessation program which includes counseling, education and nicotine reduction patches.
market is shown by the fact that as proper-
% range which is quite a
Inmates are subject to random searches for contraband, and possession of contraband is a
ties stay on the market longer, the cost to
drop.
“serious offense,” according to the handbook. Unauthorized or unissued items and clothing
sell those properties goes up. If a property
If you are in com-
in excess of allowed limits are considered contraband. Inmates are also subject to random
is listed, and sold a week later, the profit on
mercial real estate, and
drug and alcohol testing, and any attempts to evade the testing will result in “disciplinary
that transaction is high. If a similar property
sell one of the million dol-
action”
takes 6 months to sell, the advertising costs
lar properties with a 4% commission this is
A typical weekday schedule consists of three official counts during the night. Lights
alone eat into the net profit, and statistics
what you end up with. The listing broker
are turned on at 4:45 a.m. Breakfast is served between 5:00 to 6:00 a.m. Living cubes must
show that many properties are on the market
with their sign on the property gets $20k and
be kept immaculate during weekdays. Floors must be mopped and polished daily, all beds
much longer these days.
the selling broker gets $20k. Then the sell-
must be made and trash emptied by 6:30 a.m., and the rooms should be ready for inspection
There isn’t a Broker in Florida who
ing agent splits that with their broker, which
between 7:30 a.m. and 4:00 p.m. on any given weekday. Work calls are made at 5:30, 6:30
isn t trying to maintain profitability in the
nets the agent in many cases a big $10K. Do
and 7:30 a.m. Lunch is served between 11:00 and 11:45 a.m., and the base detail work days
face of demands from consumers to lower
that every month and your golden, sell just
ends between 3:00 to 5:00 p.m. The evening meal is served between 4:30 to 5:30 p.m., and
commissions, and from agents to raise theirs.
two properties a year and your two commis-
mail call is held at 5:30 p.m. and 8:30 p.m. A couple more head counts are made in the eve-
Before I go any further, it is imperative to
sions end up totaling $20K to you for the
ning, and lights are turned out at 10:30 p.m.
note that Federal and State law dictates that
year. You could be a junior manager at Mac-
On weekends and holidays, there are six daily head counts. Showers open at 4:45
commissions are not allowed to be set by
donald’s, and make more than that per year.
a.m. Coffee Hour is held between 6:30 a.m. and 7:30 a.m. Brunch is served, starting at 10:00
any group of real estate companies. Each
This is why many good commercial brokers
a.m. and continuing until everyone is served. The evening meal is served early, from 2:30
commission is an individual agreement with
have left the business, and the residential
p.m. until 3:30 p.m., and lights are turned out at 10:30 p.m. Visiting hours are held from 5:00
seller and agent. Similarly, every Brokerage
market is not much better.
p.m. to 8:30 p.m. on Friday evenings and from 8:00 a.m. until 3:00 p.m. on Saturdays and
sets its own agreed upon commission struc-
So now you have a little insight
Sundays.
ture with every agent. With that said, the
into why many markets have seen up to
A strict dress code is enforced. Inmates are expected to maintain a clean, neat ap-
slow down in real estate sales has led many
75% of all agents, and many brokers leaving
pearance. While at work, issued belts must be worn, and button-up green shirts or white tee
agents that may be closing only one deal ev-
the business the last 4 years. If you appre-
shirts must be tucked into the pants. Otherwise, shirts must be worn at all times.
ery two months, to ask for a bigger piece of
ciate your agent’s professionalism, and hard
Some work details are performed off-base, with strictly enforced rules. Inmate pay
the commission per deal so they can make
work, my advise to all sellers is to negotiate
ranges from $.12 to $.40 per hour of satisfactorily performed work, and inmates are paid
enough money to stay in the business. Then
a substantial enough commission to ensure
monthly.
some sellers are asking to pay less in com-
your agent will be there for you in the fu-
If former commissioner Yearty were to rely upon his prison earnings to pay back the
missions in many circumstances. As acute
ture.
$10,300 in fines ordered by Judge Mickle - and assuming he is paid the maximum possible
example is that most commercial commis-
Your resident real estate analyst is
salary of $.40 per hour, at 40 hours per week - he would have to work 25,750 hours, which
sions up to 2004 were in the 10% range. On
Darryl Diamond Broker at Diamond Invest-
means Yearty would have to be incarcerated for 643.75 weeks to pay his court-ordered debt
a million dollar commercial property sellers
ments Inc. 352-447-4442 I’ll see you around
to society, which would be impossible, as Yearty has been ordered to serve roughly 141.43
were used to paying $100,000. in commis-
“The Campus”
weeks in federal prison!
email news to: news@thenewscaster.com
Phone calls are restricted to certain hours of the day and are subject to monitoring.
Any damage to phones will result in disciplinary action. No food or drinks are allowed in the
phone room, and no business may be conducted or operated while an inmate is incarcerated.
Coastal
Hair Port
Health and dental coverage is available and inmates initially receive imunizations
including tetanus and PPD (pertussis, polio and diptheria). Other vaccines are available as
at Plaza 40
indicated. Psychological counseling and literature is also availabe.
Carting
Shopping Center
GED testing, numerous on-the-job training programs and English classes are avail-
able, Prisoners have access to the library on weekends and a wide variety of recreational
10-20-30 yd.
Hwy. 40E, Inglis
activities and some movies, as well.
DUMPSTERS
352-212-0405
If you would like to send a letter to Yearty, he can be reached at: Mr. Sammy Yearty,
Inmate #20575-017, FPC Pensacola, Federal Prison Camp, P.O. Box 3949, Pensacola, FL
Call for Appointment
Contractors/Homeowners
32516.
Walk-Ins Welcome
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