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Ambassador
3,727,581
Patricia Kennedy
RLAH@Properties - Washington, DC
Home in the Capital

They have to be at a pretty high price point to make economic sense. 

May 06, 2016 02:04 PM
Rainmaker
2,809,749
Dick Greenberg
New Paradigm Partners LLC - Fort Collins, CO
Northern Colorado Residential Real Estate

Hi Tony & Suzanne - We quit doing those while we were working for our last big box brokerage - between the brokerage and the relo company, they wanted 2/3 of our commission and ragged on us all through every transaction. It just wasn't worth the hassle. We do an occasional one now and then directly with relo companies, but it's not really part of our business plan.

May 06, 2016 02:51 AM
Rainmaker
823,379
Susan Laxson CRS
Palm Properties - La Quinta, CA
Realtor in San Diego, CA & Naples, FL

I have in the past, but no longer think the percentage charged is viable.

May 06, 2016 10:24 PM
Rainmaker
987,452
Jennifer Mackay
Counts Real Estate Group, Inc. - Panama City, FL
Your Bay County Florida Realtor 850.774.6582

I don't compete for any leads directly

May 06, 2016 09:08 PM
Rainmaker
3,988,007
Debbie Reynolds, C21 Platinum Properties
Platinum Properties- (931)771-9070 - Clarksville, TN
The Dedicated Clarksville TN Realtor-(931)320-6730

I have taken a Corporate Buyer or Seller lead but only if I am requested to by the client. I do not compete for these and don't like paying the fee.

May 06, 2016 10:34 AM
Rainmaker
2,219,617
Anthony Acosta - ALLATLANTAcondos.com
Harry Norman, REALTORS® - Atlanta, GA
Associate Broker

Yes

May 06, 2016 06:16 AM
Rainmaker
1,723,126
Sandy Padula & Norm Padula, JD, GRI
HomeSmart Realty West & Florida Realty Investments - , CA
Presence, Persistence & Perseverance

No; we find that buyers take a great deal of our productive time, sellers take the same investment of resources; so to take a listing at a reduced commission is just not good business for us.

May 06, 2016 05:13 AM
Rainmaker
1,840,506
Lyn Sims
Schaumburg, IL
Real Estate Broker Retired

No, I do not. I remember when my company was a member of the RELO network & we were unpaid chauffeurs most of the time. Then they started paying us for showings - still not good business.

May 06, 2016 04:23 AM
Ambassador
2,048,752
Alan May
Jameson Sotheby's International Realty - Evanston, IL
An offer you can't refuse!

I used to, but the fees and commission splits have become onerous.  After years, and years of accepting relocation... I eventually dropped relo, I still accepted USAA relo (serving active and retired military) for a while... until their fees became so high that it just wasn't worth my time anymore.

I had one property that I sold while under relo... my check was about $4,000 after relo-fees and splits.  I recently sold the property again, for almost the exact same price without relo... and my check was closer to $11,000.

Sorry... just not worth it.

May 06, 2016 03:34 AM
Rainmaker
4,800,082
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

I don't compete with others when I get relocation referrals.  And, I don't work with some outfits that charge high referral fees.

May 06, 2016 03:19 AM
Rainmaker
653,240
Jeffrey Jones
AZ Home Seekers - San Tan Valley, AZ
AZ Home Seekers, azhomeseekers.com

yes we do corporate relocation, no we have never been asked to compete.

May 06, 2016 03:04 AM
Rainer
69,794
Shawn and Angela Miller
Berkshire Hathaway HomeServices Amabassador Real Estate - Lincoln, NE
Lincoln and Omaha, NE REALTORS®

We have done a couple in the past, but after the both the brokerage cut and the relo company cut, your left with enough to fill your gas tank..... for your lawn mower.   The only good thing is you get more buyers off of showings and your sales volumes show nicely.  The one thing I hate is the relo company usually has it "own" listing forms and then we also have to have our own forms.  Seriously, twice the paper work??  No, not for me.

May 06, 2016 02:56 AM
Ambassador
3,339,994
Kathleen Daniels, Probate & Trust Specialist
KD Realty - 408.972.1822 - San Jose, CA
Probate Real Estate Services

No, I looked into it years ago and I just will not work for what they want to pay. 

May 06, 2016 02:38 AM
Rainmaker
1,466,207
Michael Setunsky
Woodbridge, VA
Your Commercial Real Estate Link to Northern VA

Tony and Suzanne Marriott, Associate Brokers I don't anymore. They're a big PIA. They usually require a lot of paperwork and there is no guarantee you will get the listing. On the sale side, they hound you to death on a daily basis. Life is too short.

May 06, 2016 02:13 AM
Ambassador
1,447,169
Susan Emo
Sotheby's International Realty Canada - Brokerage - Kingston, ON
Kingston and the 1000 Islands Area

I did take listings for relocating military years ago, but the price point is no longer doable considering the paperwork and lower % they insist upon.  As for 'competing'?  Never!

May 06, 2016 02:00 AM
Rainmaker
613,494
Eve Alexander
Buyers Broker of Florida - Tampa, FL
Exclusively Representing ONLY Tampa Home Buyers

At a time when I badly needed business I would take Corporate Buyers from a relo company.

I got nothing but the "crap" buyers that no one else wanted or those that no one else could handle.  We closed all of them, but never got a "normal" buyer or one in a decent price point.

I no longer pursue Relo business...not that I would get any.  Relo companies like to do business with large companies that will also list the property.

Eve

May 06, 2016 01:55 AM
Rainmaker
1,513,143
Raymond E. Camp
Ontario, NY

There are a select few that receive these in the company I work for and in the past yes but the referral fee is high!

May 06, 2016 01:45 AM
Ambassador
5,034,210
Jeff Dowler, CRS
eXp Realty of California, Inc. - Carlsbad, CA
The Southern California Relocation Dude

I have accepted one, but never a listing. I would consider, depending on the terms. Most relos have come directly to me from buyers or sellers first

May 06, 2016 01:42 AM
Rainmaker
4,905,208
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

Sometime is the deal makes sense.

May 11, 2016 12:06 AM
Rainmaker
5,096,566
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Not as often as I used to... too many relo companies are asking for 40% of the commission for me to do more paperwork (especially when it comes to listings). There's one company that was asking for 45% referral. Mostly, when I do them it's because it's one of my past clients who's getting relocated and specifically asked for me.

May 06, 2016 10:41 PM
Rainmaker
7,795,864
Roy Kelley
Retired - Gaithersburg, MD

That is a good practice for those who are well prepared.

May 06, 2016 10:02 PM
Rainmaker
4,434,127
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

Yes.

May 06, 2016 09:05 PM
Rainmaker
760,893
Tony Lewis
Summit Real Estate Group - Valencia, CA
Summit Real Estate Group Valencia & Aliso Viejo

I do and I will.  Listings are great to have, so are buyers.  Any of them that are referred are gravy since they are put in our laps.

May 06, 2016 04:49 PM
Rainmaker
4,319,419
Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

Tony and Suzanne Marriott, Associate Brokers - never done that and don't mind taking it....

May 06, 2016 03:52 PM
Rainmaker
1,498,878
Ryan Huggins - Thousand Oaks, CA
https://HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

In the past my broker was involved with these.  Worked out well enough.  He was the area Realtor for the US Navy when they relocated some bases up here back in the Clinton era.

May 06, 2016 06:57 AM
Rainmaker
5,772,353
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

We recently met someone who does that exclusively, and is thriving as a result of it.  A

May 06, 2016 02:39 AM
Rainmaker
1,237,595
Sam Shueh
(408) 425-1601 - San Jose, CA
mba, cdpe, reopro, pe

very hard to get in....

May 06, 2016 01:39 AM
Ambassador
6,360,063
Bob Crane
Woodland Management Service / Woodland Real Estate, KW Diversified - Stevens Point, WI
Forestland Experts! 715-204-9671

I would not.

Jun 13, 2017 05:44 PM