As a FSBO seller, the key towards successfully switching your property as well as saving money
about real estate agent commissions is expertise.
Not exact matches
In the United States
real estate agents make
about $ 75 billion per year in
commission payments.
The
Real Estate Council of B.C. created the advisory group in February amid concerns
about predatory sales tactics and allegations that some
agents were deceiving clients in order to rack up larger
commissions.
And where I wrote, «Some people who are quite enthusiastic
about ABS», I meant... who were quite enthusiastic... Also, note that the individual
real estate agents are not to blame for the high
commissions.
DeMars seeks to demystify the homebuying process and its paperwork: She teaches consumers
about how
real estate agents earn
commissions and explains the common scripts
agents use.
In the early 1980s, Pierre Titley heard
about a new
real estate brokerage called Re / Max that would give
agents a larger share of
commissions.
I mention what I like
about the property and spell out how I can save them
real estate agent commission, even though I am a licensed
agent.
The people in the business talked and wrote
about the importance of
real estate agents maintaining a standard rate of
commission so that no member of this group would undercut the others.
The Federal Trade
Commission (FTC) has issued warning letters to 20 companies, including
real estate agents, home builders and lead generators,
about possible violations of the Mortgage Acts and Practices Advertising (MAP) Rule.
I have a great
real estate agent who I trust and cares
about my individual investment not his
commission.
When you work with a
real estate investor... there usually aren't any fees involved, as you don't have to worry
about paying an
agent commission, and most often, the investor will cover the closing costs.
But it never had the effect some feared —
commissions in the United States are
about the same as when the site launched, and Zillow has changed its business model over the years to include
real estate agents, who now pay a monthly subscription charge for access and also pay to have their listings featured more prominently on the site.
I personally know a lot of
real estate agents and chose to use Kristin Stone when I was ready to buy a house because I knew that she would care more
about what was best for me than just trying to earn a
commission.
Talking to
Real Estate agents about commissions can be kind of... uncomfortable.
Don't forget your 1995 closing costs and 2005
real estate agent's
commission (
about 5 %).
Here's what honest
real estate agents had to say in articles on Realtor.com, HGTV, and The Balance
about who pays
agent commissions:
79 DOS 99 Matter of DOS v. Pagano - disclosure of agency relationships; failure to appear at hearing; proper business practices; unauthorized practice of law; unearned
commissions; vicarious liability; fraudulent practice; jurisdiction; ex parte hearing may proceed upon proof of proper service; DOS has jurisdiction after expiration of respondents» licenses as acts of misconduct occurred and the proceedings were commenced while the respondents were licensed; licensee fails to timely provide seller client with agency disclosure form prior to entering into listing agreement and fails to timely provide agency disclosure form to buyer upon first substantive contact; broker fails to make it clear for which party he is acting; broker violates 19 NYCRR 175.24 by using exclusive right to sell listing agreement without mandatory definitions of «exclusive right to sell» and «exclusive agency»; broker breaches fiduciary duties to seller clients by misleading them as to buyer's ability to financially consummate the transaction; broker breaches his fiduciary duty to seller by referring seller to the attorney who represented the buyers when he knew or should have known such attorney could not properly protect seller's interests; improper for broker to use listing agreements providing for broker to retain one half of any deposit if forfeited by buyer as such forfeiture clause could, by its terms, allow broker to retain part of the deposit when broker did not earn a
commission; broker must conduct business under name as it appears on license; broker engaged in the unauthorized practice of law in preparing contracts for purchase and sale of
real estate which did not contain a clause making it subject to the approval of the parties» attorneys and were not a form recommended by a joint bar /
real estate board committee; broker demonstrated untrustworthiness and incompetency in using sales contract which purported to change the terms of the listing agreement to include a higher
commission; broker demonstrated untrustworthiness and incompetency in using contracts of sale which were unclear, ambiguous, vague and incomplete; broker failed to amend purchase agreement to reflect amendment to increase deposit amount; broker demonstrated untrustworthiness in back - dating purchase agreements; broker demonstrated untrustworthiness in participating in scheme to have seller hold undisclosed second mortgage and to mislead first mortgagee
about the purchaser's financial ability to purchase; broker demonstrated untrustworthiness by claiming unearned
commission and filing affidavit of entitlement for unearned
commission; DOS fails to establish by substantial evidence that respondent acted as undisclosed dual
agent; corporate broker bound by the knowledge acquired by and is responsible for acts committed by its licensees within the actual or apparent scope of their authority; corporate and individual brokers» licenses revoked, no action taken on application for renewal until proof of payment of sum of $ 2,000.00 plus interests for deposits unlawfully retained
The nice thing
about rent to own is that you can sell it at a future (and therefore higher) price with minimal tenant headaches (since the landlord is not responsible for repairs and maintenance) while not needing to pay a
real estate agent commission.
Find out if the listing
agent will take offers directly from you, if so, let your
agent know that you really need someone who knows more
about the
real estate numbers and that you'll make sure she gets her
commission for the property that she sent your way but you'll have to find someone else for future properties.
Scammers hacking into the email of a
real estate agent or lender to pilfer closing funds has become such a big concern that the Federal Trade
Commission worked with NAR to post an alert
about it on its website.
This is Craig's blog series exploring why and how most realtors don't talk openly and frankly
about the actual fees they charge, keeping
real estate agent commissions at their longstanding level.
There's a common misconception that
real estate agents only care
about «the money» - their
commissions.
Buy or Sell
real estate for sale by owner and pay no realtor
commission or list your
real estate for sale in the Realtors MLS to let the buyers
agents sell it but pay just
about half the normal cost for selling
real estate through a Realtor.
Basically I would allow a lien to be placed on a duplex I own - with
about 90 - 100K in equity, for his security instead of a high down payment and also be putting in my
real estate agent commission (
about $ 20K) towards a down.
The fight for
real estate commissions is
about to heat up, as two of the industry's biggest agitators join forces in an attempt to steal market share from the country's 100,000
real estate agents.
It is time for the
real estate commission and state legislature to pay more attention to this issue and for consumers to be better educated
about their choices when choosing an
agent.