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Rainmaker
867,969
Candice A. Donofrio
Next Wave RE Investments LLC Bullhead City AZ Commercial RE Broker - Fort Mohave, AZ
928-201-4BHC (4242) call/text

Okay, so you're talking about in addition to the coop fee that's being paid to the agent by the seller? Is there additional work that the buyer's agent is doing for the buyer that would require additional time or incur additional cost to the buyer's agent? There are a lot of variables here. Can you clarify? I know you can't respond to me and not out yourself. But you could add to your question.

Apr 22, 2018 04:07 PM
Ambassador
4,081,091
Debe Maxwell, CRS
www.iCharlotteHomes.com | The Maxwell House Group | RE/MAX Executive | (704) 491-3310 - Charlotte, NC
The right Charlotte REALTOR!

I've heard this done before and it just seems like greed to me.

We make a nice living - we don't need to be beating up the agent on the other side of the transaction for more, then running it through the buyer. 

Apr 22, 2018 06:01 PM
Rainmaker
1,835,842
Bob "RealMan" Timm
Ward County Notary Services - Minot, ND
Owner of Ward Co. Notary Services, retired Realtor

Nope! If I were a Buyer I wouldn't pay it either.

Apr 22, 2018 05:10 PM
Ambassador
2,544,939
Fred Griffin Tallahassee Real Estate
Fred Griffin Real Estate - Tallahassee, FL
Licensed Florida Real Estate Broker

     Hi, Anonymous.  If you are a Broker, that's your personal choice to make.

     If you are a buyer or a seller:

     Read the fine print on both sides of the contract before signing.  Know the total amount of money that you will be charged by the broker.   That applies to listing contracts for sellers, and buyer brokerage contracts for buyers.  If you don't understand the wording or the numbers, see a lawyer.  If the agent won't let you take a copy of the brokerage contract to your lawyer, show them the door.

Apr 22, 2018 04:52 PM
Rainmaker
501,986
Susie Kay
Ultra Real Estate Dallas Fort Worth - Plano, TX
North Dallas Specialist

Some big brokerages charge an additional fee and teach the agent to pass it on to the buyer and/or seller.  I guess it depends whether the buyer or seller  is willing to pay for it or whether the agent is willing to eat the fee.  

Apr 22, 2018 04:52 PM
Ambassador
1,800,633
Alan May
Jameson Sotheby's International Realty - Evanston, IL
A moving experience!

I've heard of it... but no, I don't believe in it.  Commission is more than enough compensation for me.

Apr 22, 2018 04:14 PM
Rainmaker
526,755
Dave Halpern
Keller Williams Realty Louisville East (502) 664-7827 - Louisville, KY
Louisville Short Sale Expert

no

Apr 22, 2018 05:40 PM
Ambassador
3,000,204
Kathleen Daniels, Probate & Trust Specialist
KD Realty - 408.972.1822 - San Jose, CA
Probate Real Estate

Absolutely not.   

Apr 22, 2018 04:41 PM
Rainmaker
563,329
Maria Sapio
Keller Williams of Central PA - Carlisle, PA
Real Estate Agent- Carlisle, PA. Mariasapio.com

It is not something I have incorporated into my business.

Apr 22, 2018 04:30 PM
Rainmaker
5,570,625
Barbara Todaro
RE/MAX Executive Realty - Retired - Franklin, MA
Previously Affiliated with The Todaro Team

no.... the agents on the team have a buyer agreement signed.. and we get paid by the listing agent's fee from the seller....

Apr 22, 2018 04:25 PM
Rainmaker
3,952,391
Michael Jacobs
Pasadena, CA
Los Angeles Pasadena 818.516.4393

It's not part of my business practice. 

Apr 22, 2018 04:20 PM
Rainmaker
6,363,029
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

No.

Apr 22, 2018 04:05 PM
Ambassador
5,208,324
Bob Crane
Woodland Management Service / Woodland Real Estate, EXP - Stevens Point, WI
Forestland Experts! 715-204-9671

If the seller or the sellers agent is not willing to pay it then somebody needs to.

Apr 22, 2018 03:59 PM
Rainmaker
1,716,596
Anthony Acosta - ALLATLANTACONDOS.COM
Harry Norman, REALTORS® - Atlanta, GA
Associate Broker

no

Apr 23, 2018 05:30 PM
Rainmaker
1,696,684
Lyn Sims
RE/MAX Suburban - Schaumburg, IL
Schaumburg Real Estate

Nope, why penalize people who usually don't have enough money for the down payment? That money could be used for a home inspection, attorneys fees, etc.

Apr 23, 2018 04:29 AM
Rainmaker
1,670,518
Carol Williams
Although I'm retired, I love sharing my knowledge and learning from other real estate industry professionals. - Wenatchee, WA
Retired Agent / Broker / Property Manager

Are you talking "in addition to" or "in lieu of"?

Apr 22, 2018 07:13 PM
Rainmaker
1,509,802
Inna Ivchenko
Barcode Properties - Encino, CA
Realtor® • GRI • HAFA • PSC Calabasas CA

Not sure why I have to belive or not in that. 

Apr 22, 2018 05:49 PM
Rainmaker
3,985,771
William Feela
WHISPERING PINES REALTY - North Branch, MN
Realtor, Whispering Pines Realty 651-674-5999 No.

No

Apr 22, 2018 05:42 PM
Rainmaker
1,707,297
Joe Pryor
The Virtual Real Estate Team - Oklahoma City, OK
REALTOR® - Oklahoma Investment Properties

No.

Apr 22, 2018 05:21 PM
Rainmaker
1,135,477
Sam Shueh
(408) 425-1601 - San Jose, CA
mba, cdpe, reopro, pe

Only if the seller is not willing to pay a fair fee.

Many business opportunities the sellers do not want to pay a finder fee.

In many countries the buyer need to pay his agent a fee.

 

Apr 22, 2018 04:57 PM
Rainmaker
1,361,043
Ryan Huggins - Thousand Oaks, CA
https://HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

I see this in my market Candice A. Donofrio.  It's usually disquised as a "technology fee" or a "document storage fee" or "transaction coordinator fee." 

 

Not charging these is something I market to potential buyers as a differentiator.

Apr 23, 2018 09:45 AM
Rainmaker
3,069,684
Tony and Suzanne Marriott, Associate Brokers
Serving the Greater Phoenix and Scottsdale Metropolitan Area - Scottsdale, AZ
Haven Express @ Keller Williams Arizona Realty

Maria Sapio nailed this one!

Apr 23, 2018 04:58 AM
Rainmaker
665,453
Peter Testa
Nationwide Homes - Danbury, CT
PETER TESTA

There is one company around my way that does that. I don't think it's justified but it hasn't stopped them from collecting the fee. 

Apr 23, 2018 04:51 AM
Rainmaker
3,901,173
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

No.

Apr 23, 2018 03:55 AM
Ambassador
4,312,167
Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

There is no need for that - just my two cents.

Apr 22, 2018 10:27 PM
Rainmaker
5,359,236
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

No, we did not as broker owners.  A

Apr 22, 2018 07:14 PM
Rainer
140,360
Richard L. McKinney P.A.
Atlantic Shores Realty Expertise - Port St Lucie, FL
For Results that MOVE you on the Treasure Coast!

Yes, I charge all buyers a transaction fee. 

Apr 22, 2018 05:37 PM
Rainmaker
2,062,259
Evelina Tsigelnitskaya
SIB Realty - Sunny Isles Beach, FL
www.SIBRealty.org 305-931-6931

I hope you find the best answer on your guestion. 

Oct 26, 2018 10:14 PM
Rainmaker
4,799,306
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

It's up to the broker.  I don't personally.

Apr 23, 2018 07:33 AM
Rainmaker
1,176,198
Thomas J. Nelson, REALTOR ® e-Pro CRS RCS-D Vets
Big Block Realty 858.232.8722 - La Jolla, CA
& Host of Postcards From Success Podcast

Anonymous

Apr 23, 2018 07:03 AM
Rainmaker
577,189
Gloria Valvasori, Accredited Senior Agent
BETTER HOMES AND GARDENS REAL ESTATE SIGNATURE SERVICE - Mississauga, ON
REAL Experience | REAL Commitment | REAL Results!

I would never consider charging a Buyer.... I am getting paid from the Listing Brokerage... why would I need to charge the Buyer?  That sounds a bit greedy to me an I doubt you could find a Buyer to do that.

Apr 23, 2018 05:52 AM
Rainmaker
3,867,763
Richard Weeks
Dallas, TX
REALTOR®, Broker

Hard to pull that off in my market.

Apr 23, 2018 05:40 AM
Rainmaker
3,296,247
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of the Manchester NH's area Leading Agents

If you are talking an addittional fee on top of the commission paid to a buyer broker from the sale, it depends. If the sale is on a fsbo or a seller who refuses to pay a buyer agent than yes. Bit a fee on top of the buyer agent commission, then no

Apr 23, 2018 05:28 AM
Rainmaker
4,014,731
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Nope! Never thought about it!

Apr 23, 2018 05:14 AM
Rainer
87,820
Jeff Perlis Prime Properties
Prime Properties - Lake Arrowhead, CA
Experience Your Own Transformation!

I would not use believe word, but why would you work for free if there is no compensation?

Apr 22, 2018 08:35 PM
Ambassador
3,986,518
Debbie Reynolds, C21 Platinum Properties
Platinum Properties- (931)771-9070 - Clarksville, TN
The Dedicated Clarksville TN Realtor-(931)320-6730

I believe if the agent or company believe they are worth it, why not? Commissions in whatever form are negotiable. 

Apr 22, 2018 06:12 PM
Rainmaker
1,596,476
Valeria Mola
SIB Realty - Miami, Sunny Isles Beach - Sunny Isles Beach, FL
305-607-0709 SIB Realty Condos for Sale and Rent

A lot great answers are here, Good luck.

Oct 26, 2018 10:12 PM
Rainmaker
4,727,928
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

I have seen many "transaction fees" charged, but I do not.

Apr 25, 2018 05:57 AM