Owner says, "My brother, an agent in MN, will get paid if I use the agent he recommends in Tampa who works for reduced compensation & brother will give me the money." How would you respond?

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Annette Lawrence , Palm Harbor, FL 727-420-4041, Making FLORIDA Real Estate EZ (ReMax Realtec Group)

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Bob Crane

Woodland Management Service / Woodland Real Estate, KW Diversified - Stevens Point, WI

Forestland Experts! 715-204-9671

"Do you want a highly qualified agent representing your interests, or one who would get involved in such a desperate situation as your brother has proposed?"

Oct 18, 2017 10:45 PM

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Bob Crane

Stevens Point, WI

Rainer
111,520

Pam Sitterly

RE/MAX VINTAGE - Magnolia, TX

CRS Magnolia-Tomball Texas

If the listing is in your farm area, or otherwise important to you, consider offering to pay his brother a referral fee.

Jan 15, 2015 10:56 PM

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Holly Weatherwax

Reston, VA

Rainmaker
4,319,873

Praful Thakkar

LAER Realty Partners - Burlington, MA

Metro Boston Homes For Sale

You mean Discount Broker? What? Discount Broker?

Do you think your home is worth handing it over to a discount broker?

It's so beautiful - why do you want to discount your home?

Jan 16, 2015 11:47 AM

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Rainmaker
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Ron Marshall

Marshall Enterprises - Saint Michael, MN

Birdhouse Builder Extraordinaire

I would have to agree with Yolanda's answer based on a query to Chief Cook.

Jan 16, 2015 06:12 AM

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Rainmaker
4,800,132

Gabe Sanders

Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL

Stuart Florida Real Estate

"Well that's certainly an option for you if you feel it's more important to get small part of a commission as opposed to a considerably higher priced net from the sale of your home"

Jan 16, 2015 04:52 AM

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Rainmaker
921,504

Annette Lawrence , Palm Harbor, FL 727-420-4041

ReMax Realtec Group - Palm Harbor, FL

Making FLORIDA Real Estate EZ

Yolanda Hoversten you have it right.
Jeff Pearl you would think the buyer would know better, but the expectation of saving a few dollars has muddled his thinking.
Scott Godzyk the shiny attraction of a few dollars saved will evaporate when the agent weighs their compensation in assisting in a sale 45 minute drive time away and decides to transfer responsibility to the buyer agent.
Pam Sitterly the price point, property type and situation do not merit paying the licensed brother in MN. My hope is the owner has the courage to call me when the wheels on the wagon start to wobble. Do you think I should check in? Would that be interfering with an existing contract?
Victoria Small and that not refering to the service provided.. I did not debate the owners decision. I hope it goes well.

Jan 16, 2015 03:56 AM

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Rainmaker
345,130

Yolanda Hoversten

Self Employed - O'Fallon, IL

Referrals for O’Fallon, IL & the Metro East

I don't think there's anything sinister about this. If I understand it correctly, the owner's brother is a MN agent (who hopefully is a Realtor,) wants to refer the business to an agent in Florida. It sounds like the brother/agent will get a referral fee when it closes which is then passed on to the owner/seller. I do hope the referral fee is paid through the MN brother/agent's broker.

Jan 16, 2015 02:39 AM

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Rainmaker
914,198

Jeff Pearl

RE/MAX Distinctive / LIC in VA - Lovettsville, VA

Full Service Full Time Realtor

I woudn't base my choice of agents in FL on what my brother in MN think. i don't quite understand the scenario. Does your brother in MN want to refer a buyer in FL to a discount agentt in FL that is going to ake an offer on one of your listings?

Jan 16, 2015 02:21 AM

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Rainmaker
3,416,038

Scott Godzyk

Godzyk Real Estate Services - Manchester, NH

One of the Manchester NH's area Leading Agents

I would say you could get a very small amount of money that way IF and when your home sells. OR you can list with an experienced agent who may be able to sell you home quicker and at the highest possible amount making you more money than a cheaper sale price even when adding the small amount you get from your brother

Jan 16, 2015 01:27 AM

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Rainer
33,892

Victoria Small

Keller Williams Realty Chesterfield - Saint Louis, MO

Remember Small is the name...not the SERVICE!

I wouldn't comment on his statement.

Jan 15, 2015 10:52 PM

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"Do you want a highly qualified agent representing your interests, or one who would get involved in such a desperate situation as your brother has proposed?"
If the listing is in your farm area, or otherwise important to you, consider offering to pay his brother a referral fee.
You mean Discount Broker? What? Discount Broker?

Do you think your home is worth handing it over to a discount broker?

It's so beautiful - why do you want to discount your home?
I would have to agree with Yolanda's answer based on a query to Chief Cook.
"Well that's certainly an option for you if you feel it's more important to get small part of a commission as opposed to a considerably higher priced net from the sale of your home"
Yolanda Hoversten you have it right.
Jeff Pearl you would think the buyer would know better, but the expectation of saving a few dollars has muddled his thinking.
Scott Godzyk the shiny attraction of a few dollars saved will evaporate when the agent weighs their compensation in assisting in a sale 45 minute drive time away and decides to transfer responsibility to the buyer agent.
Pam Sitterly the price point, property type and situation do not merit paying the licensed brother in MN. My hope is the owner has the courage to call me when the wheels on the wagon start to wobble. Do you think I should check in? Would that be interfering with an existing contract?
Victoria Small and that not refering to the service provided.. I did not debate the owners decision. I hope it goes well.
I don't think there's anything sinister about this. If I understand it correctly, the owner's brother is a MN agent (who hopefully is a Realtor,) wants to refer the business to an agent in Florida. It sounds like the brother/agent will get a referral fee when it closes which is then passed on to the owner/seller. I do hope the referral fee is paid through the MN brother/agent's broker.
I woudn't base my choice of agents in FL on what my brother in MN think. i don't quite understand the scenario. Does your brother in MN want to refer a buyer in FL to a discount agentt in FL that is going to ake an offer on one of your listings?
I would say you could get a very small amount of money that way IF and when your home sells. OR you can list with an experienced agent who may be able to sell you home quicker and at the highest possible amount making you more money than a cheaper sale price even when adding the small amount you get from your brother