The real estate office we are working with is charging an additional $500 broker fee on top of the commissions. Is this normal?
2006-07-03 13:41:22 · 3 answers · asked by Irene G 1 in Business & Finance ➔ Renting & Real Estate
Normally the commission covers all of the broker fees. I advise you call the broker and ask, "If I pay you an additional $500 broker fee, what can you do for me that other brokers don't normally do?" When the broker answers, follow up with "So other brokers don't normally provide _____?" Finally end with "Really, that's interesting... I need to do some research on this. If everything checks out, I'll call you back." Then call other brokers to find out if they don't provide that special service. Go ahead and try this and you might be pleasantly surprised. Either this broker offers exceptional service and deserves an extra $500 fee or this broker is overcharging you. When you find out, I'd be interested to know the result.
2006-07-03 14:38:54 · answer #1 · answered by Superman P 2 · 0⤊ 0⤋
I think so, but I wouldn't work with any office that did that.
2006-07-03 13:45:29 · answer #2 · answered by Hot Pants 5 · 0⤊ 0⤋
Depending on where you live it may be, but in my area (NY metro), it's not normal.
2006-07-03 16:52:28 · answer #3 · answered by biff_delmonte 2 · 0⤊ 0⤋