Is it true that Celebrity Realty of Central Florida give you half of their commissions just for using them?
483303
Yes this is VERY true! They are a very hard company to find because of what they offer. They really don’t advertise because, well they don’t have to. My husband and I used them and received a check at closing for over $7,000. Can you believe it? We paid off our car and one credit card with the extra money and here is something else they offer.  If the home you purchase is over $400,000 the pay you %75 of their commission. (Do the math on that one, WOW!) Plus no matter what the amount of the home you purchase they also pay for your home inspection and your home appraisal.  They are a fantastic company and we refer them to everyone. I highly recommend them. Their phone number is, 407-384-0044, ask for Frances she’s great.
1067721
NO. There is no 3 day right of recission on a listing contract.  If you've changed your mind about hiring the agent, discuss it with him/her as soon as possible (before s/he starts investing time and money in marketing your property), and they will might let you out.
1089649
I don't think so. If you only earn salarey when your selling, then how will they pay you anything?
61518
I bought a timeshare vacation from them.  Basically the girl left me a message and said, "$99 vacation, please call this #"  So I did.  So the guy on the phone answered and said "Sure, $200 vacation".  So I said, "No, the girl said $99"  So we haggled back and forth until we came to the $99 agreement.  I got 3 vacations, one to Cocoa beach, one to Orlando, and one to Cancun.  I only got to use the first two in the 2 year period and I thought it was worth it.  And get this, I didn't even have to do the time share presentation.\n\nLong story short, do your reasearch on them first, then haggle with them as much as you can because if they can give you a deal they will if you act like your going to hang up.  \n\nThere is always that chance that its a scam so use your discretion.
864782
What area are you looking in? Also the norm is that the Sellers pay commission for the 'Selling agent/Buyers agent'. If your agent is aggressive enough he/she will ensure they get paid half of what the'Listing agent' is getting paid... example lets say the Mls says that the selling agent will receive 3% commission on the sale of the home... then if nothing changes and then escrow amends that then the selling agent gets paid that 3%. Which usually means the seller is paying 6% to whomever is the listing agent. Usually the 'selling agent' gets paid at the close of escrow. Let me know if I can help you negotiate if your in the state of California ... If not I can recommend someone professional in your local city! :)
29498
I would not pay more than 1% of the total loan.  I have seen some commissions at less than that, and some as much as 3% of the loan amount.
216554
Realtors suck big time.   I have just had two very bad experiences.  They will lie to your face to get you to sign stuff.  For example, I was offering 106,000 for a home.  The realtor then added 6 percent to that and some other stuff, all said and done, I paid 115,900.  When I asked him why the numbers were higher than what I wanted to pay, he said "you aren't paying that, the buyer is going to pay the difference".  You are supposed to pay these people to help you and they don't.  They are just as bad as the mortgage companies.
1095111
yes, but read the person's comments first. if it seems like a shady deal, it probably is. there are lots of legitimate people out there selling stuff though.
707776
My company splits the commissions all evenly.  However many various agents/brokers are involved (or even think they are involved), it gets split further.  Keeps everyone happy.  No one complains that someone gets "more".
341185
I use a program that allows all my clients to look at real estate in all 50 states, with out the annoying pop ups and advertising. It's a cool system, but it's proprietary. The problem with Realtor.com, is that your clients are exposed to other Realtors. You run the risk of loosing them to another Realtor and cutting you out. If you would be interested in the program that I mentioned, contact me directly.
1154212
Here is the simple answer. You end up paying for the broker's fee. The buyer does not pay for anything but the price of the house. But of course, seller normally calculate how much they want to profit so they will adjust the listing price to compensate for the broker's fee. Although in many areas this is not such a good idea because seller are interested in a $$ amount they want to profit and they dont care how much higher they list their home to compensate for the fee. In this case the agent and the seller will have trouble selling.\n\nA typical % for commision is anywhere from 5-6%. Discount brokers will charge 1% or a flat fee but they dont do as much work as the agents that charge the normal fee of 5-6%. There is no preset % on any state because this is called "price fixing" and it's against the law.\n\nI've encounter many sellers that think that if they pay me 4.5% they are saving some money or even 5%. This is the truth about doing it this way. From the 4.5%, I will keep my 2.5% part to cover my cost and the buyer's agent will get 2% or if I get a listing for 5% its 50/50 and the buyer's agent gets 2.5%. What is the difference from the properties listed at 6%????? Well the buyers's agent will have a list of properties that best suit the buyers but they will definitely put the 2.5% & 2% commission listings AT THE BOTTOM of the list. So you actually are loosing a great chance of selling your home.\n\nNOBODY works for free, the fees might sound high but there is a lot involved in selling a home and a lot of legalities that have to be taken care of as well. So if you want to sell your house you have to sell it to the buyer's agent first so he can sell it to the buyers themselves. So in all fairness a good, fast and for top dollar sell will have a total commission of 5% but most likely 6%.\n\nThat is my opinion
981287
If you mean, can a licensed real estate agent also offer insurance products to his clients or vice versa, then the answer is yes. However, you do have to make disclousre to the customers that as agent for both services, you will be compensated on both accounts. There are loan officers who also assit borrowers/buyers with real estate transactions and the regulations prescribe that full disclosure be made to customers that he/she will be compensated on both the loan and as the real estate agent.
914962
Absolutely not, unless  (A) you are a licensed real estate broker and (B) you have a pre-existing written agreement to do so signed by every estate beneficiary from whose interest the commission would be paid.   As a P.R. you CAN seek additional P.R. fees for extra services to the estate involving sale of real estate that either the beneficiaries expressly consent to in writing or that a court allows on application after notice to the beneficiaries.   Such additional fees must be based on such factors as additional time and  liability over & above the routine duties of a P.R., not on a percentage of the sale price -- which would constitute a commission.
927173
There is no standard "set" rate of commissions, they are set buy the broker based upon their cost to do business and receive a reasonable profit, failing which will cause any broker- or business to cease operations. \n\nFor outside brokers to discuss commissions is not smart, such can be, and has been construed as colusion on setting commissions which clearly violates the Sherman anti-trust act.\n\nTo get your specific  desired reply, contact an Assit to Sell brokerage firm direct. \n\nRegarding any real estate firm that promises to save money with discount services, a word of caution: be careful that you read all their contract, know what services you are paying for and expect to receive. Many people are rudely awakend to less than they thought they had contracted for and end up paying full commissions and being unhappy with what they bought. As with any cut rate firm, be ready to work yourself.\n\nIn the real world and the business world there are no free lunches, somebody always pays. If you set aside money  to cover the cost when the cheaper item fails- and it is likely to fail, then you could have paid for the higher quality item or service up front and been done with it, saving time and money.\n\nIn a slowing real estate market, if you intend to sell, you will need all the edge you can get to stay on top of the market and have a successful sale.\n\nPlease consider the potential for failure, prepare well for it and act accordingly. Good luck.
536578
Just another way for Realtor to make money. A bit like extended insurance on a home appliance. Not wise.
818964
it's called a Real Estate agency...look in your yellow pages
668862
Probably not, they are probably trying to scare you, but probably won't sue you.  If this were to go to court the realtors are the professionals and you can easily paint yourselves as being taken advantage of.  No realtor wants that, so they will almost never sue you (they may sue each other for how the commission is split after a sale but I've never seen one sue over a contract that wasn't even accepted).\n\nAs to the legal issue, you have an agreement with your realtor.  If your realtor found a "ready, willing and able" buyer, and the buyer gave you a full price offer with no contingencies and has excellent credit (ie no chance they will pull out of the deal) and gave you a reasonable downpayment; then YOUR realtor is due their commission EVEN IF YOU REFUSE THE OFFER (thats almost certainly the agreement you signed with them - check the agreement to make sure).  \n\nTypically the other realtor gets their commission from your realtor (ie you pay your realtor 6% and the other realtor gets half or 3% of that commission).  This transaction is done at the closing table so it looks like you are paying both realtors yourself, but actually you are paying your realtor and they are forwarding an agreed amount to the other realtor.  Thus, the realtor would sue your realtor, not you (but your realtor could in turn sue you if they thought the commission was due).  So, in a round about way the other realtor could sue over this, and the lawsuit could come around to you, its rare but it is possible.\n\nHowever, going back to the 2nd paragraph, the offer has have absolutely no contingencies, be full price, and be from someone with perfect credit and a reasonable downpayment.  Offers never are written with no contingencies, usually are not full price (though you did say this one was full price), and the buyers often don't have excellent credit or a reasonable downpayment (admittedly these last 2 conditions are subjective - may need to check with a local lawyer on exactly how these are defined in your jurisdiction).  Thus, you can almost certainly refuse the offer with no fear of reprisal.  \n\nIf the contract has any contingencies, just tell your realtor to tell the other realtor you refuse to accept a contract with any contingencies, and now the property is off the market.  Again, this contract does need a contingency for this to work, but virtually every contract has a contingency.  Again, even if this contract didn't have any contingencies and met all the other conditions, I still doubt the realtor would sue, but they could.\n\nFor more info I'd consult a lawyer as things could be different where you live, but this really sounds to me like a realtor just being a jerk.  Good luck.