Discount Commission Issues

Sellers often say they want the Real Estate Agent to Reduce their commissions so I'm going to ask you a few questions.

Have they considered the following?

1. What service will the Agent remove from their duties to compensate for the reduced commission?

2. Who will deal with the negotiations since the commission is reduced?

3. Will the marketing still be 100% eventhough commission is reduced?

4. Will the house be marketed World Wide or just locally since the commission is reduced?

5. Will the agent be required to hold Open Houses since the commission is reduced?

6. How many websites will the house show up on since the commission is reduced?

7. Will the agent be required to provide the seller with all the Disclosures and MUD-PID forms?

8. Does the seller know the market value or will agent still do that with the reduced commission?

There are many Federal, State and Local laws that must be followed at the proper commission or reduced commission. Who will deal with the lenders, loan processors, appraisers, inspectors and underwriters since the commission will be reduced?

Actually who will do 100% of the Agents duties since someone wants a reduced commission.

Keep in mind you will get what you pay for. 

Give me a try and you'll see why.

Example: Seller had his house on the market for a few months at $80,000 with no results. His daughter called me to see if I could get better results. Seller and I met and discussed reduced commission. I asked for 4 weeks at full commission. He only wanted to pocket $80,000. He allowed me to list it at full commission, which wasn't much. I got it under contract in one week and closed in 4 weeks at $168,000 including a new roof.  Seller couldn't believe it. He actually retired and was living in a motor home. On closing day he had already left the state of Texas. He was in Iowa headed North. He didn't stay to sign the sales papers. He didn't know. I had to get title to send a mobile notary to him in Iowa. I GPS'd his location and a notary in Iowa intercepted his trip on the next day. I had his payment wired to his account after the file funded. He confirmed receipt of his pay. Seller pocketed $148,000 that's $68,000 he would have lost had he did it his way. He told me my commission fee was well worth it and better than he ever expected. He thanked me and wished me the best. (I had three other FSBO sellers come to me during this same time frame with similar results.) Let me do my job and pay me for doing my job. It's not my goal to over charge you or short change you. It's my job to ensure you receive the highest and best price and service possible.

If you allow me to help you I'll get the property on literally 100s of websites. I'll get it it's own video that will be out for the world to see. Market analysis, pricing, Open houses as needed, Weekly market updates, all the disclosures you'll need. I'll deal with the other agents, title company and anything else needed to get the property sold at the best price possible in as short of a timeframe as possible.