Paying Brokerage fees

For some this is a touchy subject while for others a no brainer!

Why? You might ask..

Well so many people feel the commissions are too high.

The rental fees vary brokerage to brokerage and now that the ruling came in, fees will swing into the laps of the renters.

Always a great idea to check with your CPA to determine if the fees are tax deductible.

If they are tax deductible great.

If not negotiate them.

I believe there is always a win win situation and a way to work that out.

As for listing commissions this too is a negotiable instrument. Agents will say ” our company policy doesn’t allow for that” or “for this” or ” you get what you pay for”

Well, as the consumer I would say show me.

Or I would ask them via email to ask a higher up to allow for less.

I would NOT just hand over 6% to anyone, unless I had too.

Biggest thing a home owner looking to sell should be concerned with is exposure.

If the exposure is the same go with a lower commission.

Ask questions like, which MLS or RLS does your firm belong to?

How many deals have you co brokered with forms in and out of your own MLS affiliations?

Every home needs a buyer, with that said there are many great buyer agents like myself who expect and demand answers when representing buyers.

Sellers should ask listing agent where they think the buyers are coming from!

Brokerage fees are like specialist fees, and worth every penny for the knowledge and expertise Brokers and Agents bring to the table.

If I am delivering 5M dollars to a seller then the fee is totally justified.

Thats 1 way to look at commissions.

No one wants to go to work and not get compensated for a job well done.

Tyler Vincent Real Estate a people’s Brokerage.

We believe therea always a win win in every sale or rental.

Questions? Email me or call.