Answers - Real Estate

It's questionable whether real estate agents in Ohio bring buyers better prices. The trade group says real estate agents in Ohio bring prices that are 15.4% higher than sellers who don't

According to USFDA, a combination product is one composed of any combination of a drug and device; biological product and device; drug and biological product

use one. But experts note that when real estate agents in Ohio put their own homes on the market, they leave them on for 10 more days and sell them for 3% more than the homes of their cli

; or drug, device, and biological product and fixed dose combination would include two or more combinations of drug.

Examples of combination products may in

nts. The book also purports that real estate agents in Ohio use vague words like "fantastic" and "charming" to describe their clients' houses, rather than stronger, more specific adjectiv

lude drug-coated devices, drugs packaged with delivery devices in medical kits, and drugs and devices packaged separately but intended to be used together.

s, because their primary goal is to persuade homeowners to sell for less than they'd like, and alert buyers that the house can be had for less than the price.

Some experts disputes the n

here is enormous increase in the number of combination products entering the market in the recent years. Combination products have proven advantages but fixe

tion that real estate agents in Ohio are just out for a quick commission. "Their business relies on their reputation for getting the highest price for their clients," he says. Experts say

d dose combinations are still in the process of convincing regulatory authority on their advantages over the single ingredient formulations.

Combination pro

that real estate agents in Ohio add value in handling tricky people problems and details that may trip up inexperienced sellers. "A FSBO doesn't have someone to handle negotiations or fin

ucts have become life saving products for the pharmaceutical companies who doesn’t have many innovative molecules in their product pipeline and have been inc

d a middle ground when emotions run high," they say. "The real estate agent in Ohio doesn't have someone who will tell him what disclosures he needs for his house in his state, or who wil

easingly used in the product life cycle management. Even the companies having product patents are trying to extend their product life cycle through the combi

keep his house secure by prescreening buyers."

Although the trade association doesn't keep track of commission levels, experts say that commission percentages seem to be dropping. In Oh

nation products and maximize the revenues. But the companies involved in this practice are overlooking that they are burdening the patients both economically

o, where price growth has been positive but not overwhelming, commissions have been running around 6%; in the hot Northeast, they're running around 4%. "It's driven by the marketplace," t

and physically. They need to rightly judge the benefits of the combination products and they have to even look at the risks involved when combining the produ

ey say.

Part of what's pushing down costs is the popularity of flat-fee Ohio brokers and Ohio discount brokers. These give general bare-bones help, rebates, or menu-based options at redu

ts. Some of the combination products were well accepted by physicians while others suffered. Companies involved in development of combination products are fi

ed cost. Most important, many real estate agents in Ohio do what owners can't do for themselves, which is get the house listed on local multiple listing services. But after that, sellers

ding difficulty in defining their combination products and facing various challenges from selecting a combination to marketing it.

Following aspects would a

get a break depending on what aspect of their home's marketing and sale they want to assume on their own, such as advertising, holding open houses, negotiating, or handling the paperwork.

dd to the challenges in developing combination products:

Which markets to tap where the combination products can do fairly well?
Which combination prod

At least one national broker, Zip Realty, which started in 1999, is relying on a Web-based business model that treats real estate agents in Ohio as employees rather than independent cont

cts are meaningful and rational?
Which therapeutic categories to select?
Which Combinations can address unmet needs of the patients?
Do combin

actors, to help hold down costs. Marketing is somewhat bare-bones, but covers the basics: home advertisements in local newspapers and on real estate Web sites with virtual tours, one open

tions increase the patient compliance?
What would be the developing cost?
How to tackle the risks encountered during combination product developmen

house, one for-sale sign on the lawn, flyers, an e-mail blast to buyers, and coordination of showings. Its rates, however, are typically 1% less than the going rate in an area—for the $69

t?

As combination products don't fit into the traditional categories of drugs, medical devices, or biological products, the USFDA is in the process of devel

,000 house we talked about earlier, Zip Realty's commission would be $34,500, 17% less than what an Ohio broker charging a 6% commission would receive. Other discount or flat-fee Ohio bro

ping new procedures for reviewing their safety, efficacy and quality.

Professional from academic institutions, pharmaceutical industries, health care indust

kers include Help-U-Sell and Assist-2-Sell.

But full-service Ohio brokers are doing all they can to keep tight control over the money machine. The National Association of Realtors once p

y and representatives from various regulatory agencies are working out to design the regulatory requirements for manufacture and sale of combination products

oposed a rule that would allow real estate agents to prevent their listings from being displayed on the Web sites of any brokers they chose (meaning discount brokers). But pressure from f

.

As there is an increasing trend of the combination products companies manufacturing such products should be able to tackle the problems involved in the de

deral regulators and discount broker members convinced them to withdraw it.

Meanwhile, government antitrust legislators have been looking into industry-backed initiatives that would limi

elopment. They need to be wiser in analyzing the market trends and the regulatory requirements.

Companies that provide selfless information through particip

lower-cost options for consumers when dealing with real estate agents in Ohio. Within the last year, a number of those initiatives for dealing with real estate agents in Ohio have passed

tion in industry events and feedback to regulatory authorities would be able to face the challenges and will be successful in developing combination products

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