Anonymous

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Ambassador
4,257,363
Debe Maxwell, CRS
www.iCharlotteHomes.com | The Maxwell House Group | RE/MAX Executive | (704) 491-3310 - Charlotte, NC
The right Charlotte REALTOR!

I say you have two choices:

1. If you want it done the old fashioned way (via checks), you could save the $25 cost of wiring.

2. Otherwise, pay the $25 if it's worth it to you not to have to go in to pick up the check, then take it to the bank to deposit it.

I pay an additional fee for the company to wire my commissions. It saves me driving to the office to pick up the check and then the time it takes to deposit it as well. It's worth it to me. 

Feb 18, 2020 08:30 PM
Ambassador
3,479,025
Margaret Rome Baltimore 410-530-2400
HomeRome Realty 410-530-2400 - Pikesville, MD
Sell Your Home With Margaret Rome

You've already left the brokerage and you expect to be paid on your 8 pending sales!  Those sales belong to the broker. If he is allowing you to collect those commissions, you are very fortunate. 

Feb 19, 2020 03:29 AM
Rainmaker
960,861
Diana Zaccaro Broker Associate
Tropical Beachside brokered by eXp - Cocoa Beach, FL
"The Accidental Blogger" Cocoa Beach, Florida

Call the state legal hotline for your state (member benefit so free to us here) and ask them.

Personally, I would be much more worried about those 8 pending transactions...you could lose far more money by leaving before they closed and you were paid. (Know a few agents who had that happen). Check your ICA for details on that, also.

Feb 18, 2020 09:51 PM
Rainmaker
4,116,805
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Not sure it's an ethical issues, per se. But if you have an independent contractor agreement that specifies your split and fees, I would think a broker can't just add on new fews willy nilly. I'd get legal advice.

Feb 19, 2020 03:23 AM
Ambassador
5,408,079
Bob Crane
Woodland Management Service / Woodland Real Estate, EXP - Stevens Point, WI
Forestland Experts! 715-204-9671

8 pendings, you sound like you are doing pretty well, I am surprised that $25 was that important to you.

Feb 18, 2020 08:29 PM
Ambassador
3,055,949
Kathleen Daniels, Probate & Trust Specialist
KD Realty - 408.972.1822 - San Jose, CA
Probate Real Estate

Whatever is in your contract is what I feel (not opinion, legal or otherwise) "should" be honored.  Wiring fees are costly.  I  moved to a credit union that does not charge for wires.  

Feb 19, 2020 08:59 AM
Rainmaker
611,146
Eve Alexander
Buyers Broker of Florida - Orlando, FL
Exclusively Representing ONLY Orlando Home Buyers

I bet you will start reading and asking questions before you sign...did the broker sign the employment agreement?  

One time I had one of my agents put in seller listings in another office under that brokers name, while she was still working for me.  (I have a buyer brokerage that never lists property or represents sellers)

I found out because the seller came into my office to discuss his seller listing.

I showed her the door.  She had some pending transactions, which I took over to closing, kept a hefty referral fee for myself (in addition to my company employment split) and paid her the balance.  No, my employment with her did not address this situation, too unusual.

Her "new" broker called me to advocate for her...I told him that he was lucky that I was not filing a complaint against the both of them for ethics...and I hung up.

I am not saying you did anything wrong other than not ask more questions when you signed the employment agreement. 

I would suggest that you do not quit until you close out your deals or you reach an agreement with him.  You cannot have 2 brokers at the same time... that means that you cannot hang your license elsewhere and still work on your 8 transactions.

If your broker decides to screw you out of the money, I would file for arbitration with your local board...it is for money disputes.

Eve

PS:  I have been in this business almost 30 years and have decided that compared to other brokers, I am a very fair broker.  If he did not say that up front than he needs to eat the $25.

Eve

Feb 19, 2020 08:57 AM
Rainmaker
894,690
Candice A. Donofrio
Next Wave RE Investments LLC Bullhead City AZ Commercial RE Broker - Fort Mohave, AZ
928-201-4BHC (4242) call/text

Argh. Well. I'd be more concerned about those 8 transactions . . . how does your PP manual and IC agreement address payment on transactions after severing? 

And. I don't see that broker can 'try' a charge that was not previously agreed to, and should be absorbing that charge until it can be provisioned in an updated agreement.

Somehow I sense that the broker and you didn't see eye to eye on a few things. 

So next, and hopefully the new broker is a better fit for you.

Feb 19, 2020 06:30 AM
Rainmaker
888,897
Annette Lawrence , Palm Harbor, FL 727-420-4041
ReMax Realtec Group - Palm Harbor, FL
Making FLORIDA Real Estate EZ

Hmm, the broker wants to charge the agent for the ONLY remaining responsibility the broker has, to cut the check.

In an industry that sings a chorus that sounds like 'We got ethics," we see the evil emanates from the heart of brokers.

Find a broker with a cleaner heart.

Or, do what everyone else does and shut up and CONFORM.

Feb 19, 2020 06:23 AM
Rainmaker
1,889,268
Kat Palmiotti
406-270-3667, kat@thehousekat.com, Broker, eXp Realty - Kalispell, MT
Helping your Montana dreams take root

The fee should be discussed upfront, not after the money was deposited. If the electronic depositing is a new program he is offering, it should be fine for the broker to charge a $25 fee as long as his team is made aware of the fees, and as long as they can opt in or out.

Feb 19, 2020 05:56 AM
Ambassador
1,821,116
Alan May
Jameson Sotheby's International Realty - Evanston, IL
A moving experience!

The details of how you are paid should be written in your brokerage agreement.  I don't think they can just change that at their whim without some notification and/or agreement on your part.

"the money doesn't belong to you anyway"... isn't exactly true... the money has been promised to you under the terms of your brokerage agreement.

Feb 19, 2020 05:31 AM
Rainmaker
1,385,224
Wayne Zuhl
Remax First Realty II - Cranford, NJ
The Last Name You'll Ever Need in Real Estate

I would imagine the answer lies in your contract with your broker.

Feb 19, 2020 03:13 AM
Rainmaker
1,230,072
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

Talk to your board membership legal counsel and get sorted out on your rights.

Feb 18, 2020 08:49 PM
Rainmaker
5,571,896
Barbara Todaro
RE/MAX Executive Realty - Retired - Franklin, MA
Previously Affiliated with The Todaro Team

I do it the old school way..... I get paid by check..... everyone else gets their commission wired into their accounts....I like to see my check and deposit it myself....I don't do online banking.... really really old school....lmao....

Feb 19, 2020 02:52 PM
Rainmaker
684,615
Peter Testa
Nationwide Homes - Danbury, CT
PETER TESTA

No one likes someone in their pocket. Your refusing to cover it could start a domino effect the kind of which your Broker could regret. If you don't value your employees someone else will. Me & my wife exited our 1st & only other company & there was such a mass exodus that followed that the office closed down. 

Feb 19, 2020 08:58 AM
Rainmaker
1,899,349
Bob "RealMan" Timm
Ward County Notary Services - Minot, ND
Owner of Ward Co Notary Services retired RE Broker

I'd "seek" another Broker in a heartbeat.

Feb 19, 2020 05:55 AM
Rainmaker
1,722,955
Lyn Sims
Schaumburg, IL
Schaumburg Real Estate Agent Retired

Actually I say no you didn't agree to it but that's how much it seems to cost these days. Title company can always cut your broker a check but then you are in the same place right? Broker cuts check you loose $25.

If my broker said that to me, I would leave also but then again what other options do you have? You are going to get charged cause you're not there now.

One other option is to tell the other agents in the office & have an uprising against this broker.

Since this is ecommission - did anyone think that this broker is getting your commission to use before the closing? You can do that easily, why else use ecommission? I think he might be dong something else entirely.

 

Feb 19, 2020 05:49 AM
Rainmaker
883,324
Peter Mohylsky. Broker -BRIX REALTY
Miramar Beach, Florida - Santa Rosa Beach, FL
BRIX REALTY -DESTIN

ethical is not a word i would use.  I don't have all the information but I would probably push back if they had not proven the worth of this new fee. 

Feb 19, 2020 05:59 AM
Rainmaker
2,641,652
Richie Alan Naggar
people first...then business Ran Right Realty - Riverside, CA
agent & author

Real Estate at its core is negotiations & opportunity. Learn to box in the ring

Feb 19, 2020 11:20 AM
Rainmaker
6,606,578
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

Refer to the terms of your agreement with the broker.

Feb 19, 2020 09:24 AM
Rainmaker
1,153,675
Sam Shueh
(408) 425-1601 - San Jose, CA
mba, cdpe, reopro, pe

Put up with it or get a job as a broker charge him $25 or more.

Feb 19, 2020 07:44 AM
Rainmaker
3,331,511
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of the Manchester NH's area Leading Agents

What matters is what it states in your independent broker contract

Feb 19, 2020 05:31 AM
Rainmaker
910,796
John Juarez
The Medford Real Estate Team - Fremont, CA
ePRO, SRES, GRI, PMN

If your contract with the broker did not mention e-commission disbursements with $25 charges, the broker is out of line. You have made a good decision to leave. Good luck on collecting for your pending transactions. After that has been settled, why don't you take the broker to small claims court for the total amount of the illegitimate $25 fees? That will frost the broker!

Feb 19, 2020 10:59 PM