1,057,404
Okay, so you're talking about in addition to the coop fee that's being paid to the agent by the seller? Is there additional work that the buyer's agent is doing for the buyer that would require additional time or incur additional cost to the buyer's agent? There are a lot of variables here. Can you clarify? I know you can't respond to me and not out yourself. But you could add to your question.
-
Brenda Mayette
Glenville, NY
-
Peter Testa
Danbury, CT
-
Lyn Sims
Schaumburg, IL
-
Nina Hollander, Broker
Charlotte, NC
-
Ron and Alexandra Seigel
Carpinteria, CA
-
Candice A. Donofrio
Fort Mohave, AZ
-
Debe Maxwell, CRS
Charlotte, NC
-
Bob "RealMan" Timm
Minot, ND
-
Michael Jacobs
Pasadena, CA
5,257,589
I've heard this done before and it just seems like greed to me.
We make a nice living - we don't need to be beating up the agent on the other side of the transaction for more, then running it through the buyer.
-
Anthony Acosta - ALLAT...
Atlanta, GA
-
Alan May
Evanston, IL
-
Brenda Mayette
Glenville, NY
-
Peter Testa
Danbury, CT
-
Lyn Sims
Schaumburg, IL
-
Nina Hollander, Broker
Charlotte, NC
-
Bob "RealMan" Timm
Minot, ND
-
Michael Jacobs
Pasadena, CA
2,402,162
Nope! If I were a Buyer I wouldn't pay it either.
-
Anthony Acosta - ALLAT...
Atlanta, GA
-
Christine Kankowski No...
Poway, CA
-
Peter Testa
Danbury, CT
-
Lyn Sims
Schaumburg, IL
-
Nina Hollander, Broker
Charlotte, NC
-
Michael Jacobs
Pasadena, CA
-
Debe Maxwell, CRS
Charlotte, NC
-
Fred Griffin Florida R...
Tallahassee, FL
2,684,769
Hi, Anonymous. If you are a Broker, that's your personal choice to make.
If you are a buyer or a seller:
Read the fine print on both sides of the contract before signing. Know the total amount of money that you will be charged by the broker. That applies to listing contracts for sellers, and buyer brokerage contracts for buyers. If you don't understand the wording or the numbers, see a lawyer. If the agent won't let you take a copy of the brokerage contract to your lawyer, show them the door.
-
Christine Kankowski No...
Poway, CA
-
Nina Hollander, Broker
Charlotte, NC
-
Michael Jacobs
Pasadena, CA
-
Debe Maxwell, CRS
Charlotte, NC
-
Bob "RealMan" Timm
Minot, ND
-
Buzz Mackintosh
Frederick, MD
509,449
Some big brokerages charge an additional fee and teach the agent to pass it on to the buyer and/or seller. I guess it depends whether the buyer or seller is willing to pay for it or whether the agent is willing to eat the fee.
-
Anthony Acosta - ALLAT...
Atlanta, GA
-
Peter Testa
Danbury, CT
-
Lyn Sims
Schaumburg, IL
-
Michael Jacobs
Pasadena, CA
-
Debe Maxwell, CRS
Charlotte, NC
-
Bob "RealMan" Timm
Minot, ND
2,072,999
I've heard of it... but no, I don't believe in it. Commission is more than enough compensation for me.
-
Brenda Mayette
Glenville, NY
-
Lyn Sims
Schaumburg, IL
-
Nina Hollander, Broker
Charlotte, NC
-
Anita Clark
Warner Robins, GA
-
Bob "RealMan" Timm
Minot, ND
-
Michael Jacobs
Pasadena, CA
544,014
no
-
Lyn Sims
Schaumburg, IL
-
Nina Hollander, Broker
Charlotte, NC
-
Bob "RealMan" Timm
Minot, ND
-
Michael Jacobs
Pasadena, CA
-
Debe Maxwell, CRS
Charlotte, NC
3,350,439
Absolutely not.
-
Anthony Acosta - ALLAT...
Atlanta, GA
-
Nina Hollander, Broker
Charlotte, NC
-
Michael Jacobs
Pasadena, CA
-
Debe Maxwell, CRS
Charlotte, NC
-
Bob "RealMan" Timm
Minot, ND
564,494
It is not something I have incorporated into my business.
-
Tony and Suzanne Marri...
Scottsdale, AZ
-
Nina Hollander, Broker
Charlotte, NC
-
Michael Jacobs
Pasadena, CA
-
Debe Maxwell, CRS
Charlotte, NC
-
Bob "RealMan" Timm
Minot, ND
5,583,328
no.... the agents on the team have a buyer agreement signed.. and we get paid by the listing agent's fee from the seller....
-
Brenda Mayette
Glenville, NY
-
Nina Hollander, Broker
Charlotte, NC
-
Michael Jacobs
Pasadena, CA
-
Debe Maxwell, CRS
Charlotte, NC
-
Bob "RealMan" Timm
Minot, ND
4,583,790
It's not part of my business practice.
-
Anthony Acosta - ALLAT...
Atlanta, GA
-
Peter Testa
Danbury, CT
-
Nina Hollander, Broker
Charlotte, NC
-
Debe Maxwell, CRS
Charlotte, NC
-
Bob "RealMan" Timm
Minot, ND
7,869,902
No.
-
Anthony Acosta - ALLAT...
Atlanta, GA
-
Nina Hollander, Broker
Charlotte, NC
-
Debe Maxwell, CRS
Charlotte, NC
-
Bob "RealMan" Timm
Minot, ND
-
Michael Jacobs
Pasadena, CA
6,424,096
If the seller or the sellers agent is not willing to pay it then somebody needs to.
-
Michael Jacobs
Pasadena, CA
-
Debe Maxwell, CRS
Charlotte, NC
-
Bob "RealMan" Timm
Minot, ND
-
Bob Crane
Stevens Point, WI
2,222,275
no
-
Bob "RealMan" Timm
Minot, ND
-
Peter Testa
Danbury, CT
-
Anthony Acosta - ALLAT...
Atlanta, GA
1,847,621
Nope, why penalize people who usually don't have enough money for the down payment? That money could be used for a home inspection, attorneys fees, etc.
-
Bob "RealMan" Timm
Minot, ND
-
Brenda Mayette
Glenville, NY
-
Peter Testa
Danbury, CT
2,189,772
Are you talking "in addition to" or "in lieu of"?
-
Bob "RealMan" Timm
Minot, ND
-
Nina Hollander, Broker
Charlotte, NC
-
Candice A. Donofrio
Fort Mohave, AZ
1,625,153
Not sure why I have to belive or not in that.
-
Bob "RealMan" Timm
Minot, ND
-
Michael Jacobs
Pasadena, CA
-
Debe Maxwell, CRS
Charlotte, NC
3,986,308
No
-
Nina Hollander, Broker
Charlotte, NC
-
Bob "RealMan" Timm
Minot, ND
-
Michael Jacobs
Pasadena, CA
1,712,876
No.
-
Nina Hollander, Broker
Charlotte, NC
-
Michael Jacobs
Pasadena, CA
-
Bob "RealMan" Timm
Minot, ND
1,242,204
Only if the seller is not willing to pay a fair fee.
Many business opportunities the sellers do not want to pay a finder fee.
In many countries the buyer need to pay his agent a fee.
-
Michael Jacobs
Pasadena, CA
-
Fred Griffin Florida R...
Tallahassee, FL
-
Bob "RealMan" Timm
Minot, ND
1,506,773
I see this in my market Candice A. Donofrio. It's usually disquised as a "technology fee" or a "document storage fee" or "transaction coordinator fee."
Not charging these is something I market to potential buyers as a differentiator.
-
Bob "RealMan" Timm
Minot, ND
-
Candice A. Donofrio
Fort Mohave, AZ
3,071,489
Maria Sapio nailed this one!
-
Bob "RealMan" Timm
Minot, ND
-
Maria Sapio
Carlisle, PA
759,785
There is one company around my way that does that. I don't think it's justified but it hasn't stopped them from collecting the fee.
-
Anthony Acosta - ALLAT...
Atlanta, GA
-
Bob "RealMan" Timm
Minot, ND
5,115,878
4,319,773
There is no need for that - just my two cents.
-
Bob "RealMan" Timm
Minot, ND
-
Nina Hollander, Broker
Charlotte, NC
5,772,693
No, we did not as broker owners. A
-
Bob "RealMan" Timm
Minot, ND
-
Nina Hollander, Broker
Charlotte, NC
140,560
Yes, I charge all buyers a transaction fee.
-
Bob "RealMan" Timm
Minot, ND
-
Michael Jacobs
Pasadena, CA
2,071,025
I hope you find the best answer on your guestion.
-
Valeria Mola
Sunny Isles Beach, FL
4,800,132
It's up to the broker. I don't personally.
-
Bob "RealMan" Timm
Minot, ND
1,554,669
577,750
I would never consider charging a Buyer.... I am getting paid from the Listing Brokerage... why would I need to charge the Buyer? That sounds a bit greedy to me an I doubt you could find a Buyer to do that.
-
Bob "RealMan" Timm
Minot, ND
4,905,762
3,416,038
If you are talking an addittional fee on top of the commission paid to a buyer broker from the sale, it depends. If the sale is on a fsbo or a seller who refuses to pay a buyer agent than yes. Bit a fee on top of the buyer agent commission, then no
-
Bob "RealMan" Timm
Minot, ND
5,244,268
87,920
I would not use believe word, but why would you work for free if there is no compensation?
-
Bob "RealMan" Timm
Minot, ND
3,988,013
I believe if the agent or company believe they are worth it, why not? Commissions in whatever form are negotiable.
-
Bob "RealMan" Timm
Minot, ND
1,598,452
5,879,125