Reply to Would you interview two RE agents from the same company (different offices/ teams)?

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[quote=Anonymous][quote=RealtorDAD][quote=Anonymous][quote=RealtorDAD]I would have no concerns at all. At KW specifically, each team is run as an independent business. Each team has different areas of expertise.
It is in YOUR best interest to interview many agents and go with the one that feels right. Remember that you don not pay buyers agents, our commission comes from the sellers agreement with the listing agent. My team charges an administration fee at closing, $295, that is it. Be wary of agents that request a retainer fee.

I hope to hear from you,

Brendon Mills
Brendon@MitchCurtisHomes.com

[/quote]

Be wary of agents who charge an “administrative fee” of $295. If you purchase an $800,000 home. The buyer agent’s Company (not the team) is getting $16,000 to $24,000 in commission. Why do you have to pay them an additional $295?[/quote]

Any buyers agent, has to split the commission with his or her broker, typically 30%, and then with their team (30-40%). Administration fees are very common place, [b]if you take the time to read the large amount of paperwork at closing.[/b] I feel it is important to be up front and honest. On an $800,00 house, it[b] only costs you $295 for the transaction.[/b] [/quote]

It's your JOB to read that paperwork. That's what you're getting a commission for.  That you pay 30% to your broker is your problem, not the buyer's. You chose this line of work, man. Should OP pay for your gas on the way to closing? The paperclips you used? That's YOUR overhead covered in the commission you receive. The firm charges you that admin fee it and you choose to pass it along. Many buyer's agents think passing that fee along to clients is offensive.

The paperwork at closing takes a mere hour to sign, and OP doesn't rely on you to read through it anyway. OP, the title company you choose will have someone there at closing to explain each document to your satisfaction. Your buyer's agent presence at closing is not even necessary. Maybe OP should split the commission with you Brandon, because he/she needs to read through each document anyway (in fact, OP gets the docs before closing and will read them prior, so at most, if he has a question about something in the short stack of documents he needs to read, you're at least earning your commission - well, kinda - because OP can ask the title agent questions at closing). The title agent is there to protect the transaction and the buyer's agent is there to thumb-twiddle while the buyer signs. Please tell OP what added services you provide at closing beyond having already read the short stack of paperwork?

It "only costs you $295 for the transaction." I thought you said it's important to be up front and honest (which is a non-sequitur in that paragraph, so explain what you mean). 
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