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

Forum Index » Real Estate

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

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous][quote=RealtorDAD][quote=Anonymous][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]

OP, you should never pay that "admin fee" Brendon is talking about. It's his fee that the agency charges him, not you, and he's passing it along to his client. First-timers get gouged by this fee. I once had a broker try to charge me this fee and I told her, "no." She said, "If you're too cheap to pay this *only* fee for my services, you're too cheap to buy a house." She would have made 30K commission on the house I bought, so why should I pay her an additional $300 fee (note the fee is $295 instead of $300, a shitty $1.99 tactic so you don't think you're actually paying $2.00). You have a choice to reduce this fee by going to a rebate broker and getting 1% to 2% back, or, just hire an hourly broker or attorney. Home buying is not rocket science and nor is filling out a sales contract. You don't need a buyer's agent unless you don't have time to find your own house (you're on Redfin and going to open houses? that means you're doing the work yourself anyway).

Brendon, you seem to have a lot of time on your hands. Maybe you can tell OP what you have to offer over a rebate broker, or an hourly attorney? 
[/quote]

Hello, "anonymous" 
I just want to clear a few things up in your statement that are inaccurate. Any administration fee is NOT a fee the broker charges us. If you read my response above you would have seen that the broker charges a % to the agents commission based on their cap status. Has nothing to do with an admin fee. My team leader gets the admin fee to pay transaction coordinator. The second inaccurate statement is that you pay a buyers agent, the commission is decided on through the seller and the listing agent, but clearly you already knew that. 
You made a reference to me having a lot of time? Real Estate is not 9-5. I stay involved with the community through various social outlets, and take the time to create a profile and not be "anonymous" in my community. [b]How can you serve a community that you are not involved in? [/b]

Your comments seem to come from a negative place.  [/quote]

P.s. Brandon, Thank you so much for serving this community by offering your services. It's extraordinarily kind of you. What a selfless, wonderful, amazing volunteer opportunity for you! I think I'll create a profile with my own business name and do the same. Maybe I'll even get a community service award! [/quote]

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics