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I always assumed it pertained to agents as well. ...
Well, it does in the sense that agents can't give/get referral fees involving settlement service providers such as lenders, appraisers, and home inspectors.
And I also don't particularly care for the opportunistic request of the sister. It would be even worse if it was after the OP selected an agent, then getting the referral hit.
Anyone else find it ironic that so many of the people complaining about the family member referral are in fact realtors, who charge an enormous 6% commission just to help you sell your house? LOL.
Even retired realtors I know use flat rate MLS services because they know its over priced.
Hugely successful and part time. This doesn't add up. Personally, I'd never hire a part time agent.
Quote:
Originally Posted by suzsaz
You misread. The two I am considering are FULL time agents and have been doing it for years and years.
The part time agent is the one selling the house next to ours who came and rang my bell. She's the one I wouldn't give the listing to. She is NOT doing a heck of a good job with the house next door.
Quote:
Originally Posted by 399083453
Anyone else find it ironic that so many of the people complaining about the family member referral are in fact realtors, ...
As per usual, it is not at all ironic that the people accurately reading the thread are real estate professionals.
But, I'll play....
Show me the posts in the thread from all the Realtors who are complaining about the referral.
You that say you're happy for any referral, yes, that's understanable.
If you knew that the listing was going to be yours anyway, I doubt you'd be quite as happy knowing that you lost 25% of the fee just because.
IMO, the sister put her sister in an awkward position that she's not comfortable with.If that wasn't so, I don't think she would have brought the situation here.
To the OP.....if you are waiting a year or more to be serious about selling, why not defer any decision for now and see what happens in the meantime.
I hate when people use that argument. Try this; you go to work tomorrow and your boss says, "Hey, 399, my sister is a consultant in this industry, and it's her recommendation that I hire someone with your skills. She's right, and I want to pay her for that advice, so I'm going to cut 20% out of your salary for the year, to pay her."
Are you going to protest that, or are you going to shrug it off and say "Sure boss. After all, 75% of my salary is still better than nothing."?
The difference? The realtor can choose to not accept the listing if they dont agree to the terms. No one is forcing them to list the house.
Quote:
Originally Posted by Bill Keegan
After all, 75% of my salary is still better than nothing."?
In this job market...... absolutely. 75% is better than no job. In your scenario the boss is dictating the terms, the real estate world doesn't work that way. Its commission based.
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