I have never heard of such, but I have a friend that had a real estate agent try to charge a retainer fee because gas is expensive. WTH!
2006-07-03 08:03:11 · 7 answers · asked by call_me_t 2 in Business & Finance ➔ Renting & Real Estate
It sounds a bit out of the ordinary, but if you agree to pay it, then it's legal. They can always ask, but you can also say, "NO!"
I'd tell the agent to dump the Tahoe for a more economical vehicle.
2006-07-03 08:12:58 · answer #1 · answered by Bostonian In MO 7 · 1⤊ 0⤋
Retainer fees are perfectly legal, but all of the agents I know would never think of charging a retainer fee.
Basically the agent wants to be sure you buy a home, it protects them incase you use another agent or do not buy a home, or thier brokerage makes them charge this which goes directly into the owners pocket, either way try to avoid the $200 to $500 that some try to charge.
I personally think you should consider looking for another agent who cares for your needs more than thiers.
www.hqhomes.com
www.cabellahomeloans.com
2006-07-03 08:14:08 · answer #2 · answered by Tony 3 · 1⤊ 0⤋
In the traditional real estate transaction, the Buyer does not pay the agent. The Seller pays a commission (X percent of the selling price) to his or her Broker, who then splits that commission with the Broker whose agent brought the Buyer.
However, some do charge an up front retainer fee. Here's one company's justification:
One, we do not get paid for our services until you purchase a property and close the purchase. The retainer fee helps to defray some of our upfront expenses. Second, it helps us to weed out Buyers who are NOT ready to buy or ready to commit to working exclusively with us.
2006-07-03 08:07:18 · answer #3 · answered by Anonymous · 1⤊ 0⤋
it is not necessary to take help of a actual property agent to unload a property. you need to first practice the valuables on the industry and make it look large. then you definately be certain on the fee of the valuables efficiently. however you don’t take help of an agent, this is going to likely be greater proper to take the help of a actual property criminal expert. With the help of an criminal expert, you need to take steps to industry the homestead so as which you will sell it off quickly. as quickly as you get a consumer, you will ought to start up negotiating for an supply. you will ought to take part in homestead inspections and client value determinations. as quickly as those style of steps are carried out, the deal will choose for remaining.
2016-11-01 03:46:15 · answer #4 · answered by treiber 4 · 0⤊ 0⤋
YA that happened to me . They charged us so much after we had moved in so we moved out and called the company about it.
2006-07-03 08:07:13 · answer #5 · answered by kkjdrb1992 1 · 0⤊ 0⤋
Find a different realtor. They are a dime a dozen and they all do exactly the same thing.
2006-07-03 08:33:00 · answer #6 · answered by Anonymous · 1⤊ 0⤋
Nope. Sue them. Sue them...!
2006-07-03 08:06:13 · answer #7 · answered by CG 4 · 0⤊ 0⤋