We would like to know the law concerning this. We are planning an add campaign in our surrounding community. We want to send out brochures or flyer's and offer 1% of the selling price to anyone other than real estate agents who finds us a buyer or who buys without an agent.
2006-07-14 09:07:27 · 3 answers · asked by ursaitaliano70 7 in Politics & Government ➔ Law & Ethics
It is absolutely fine. Reators are held to RESPA laws not consumers.
Tony
www.hqhomes.com
www.CabellaHomeLans.com
2006-07-16 05:14:41 · answer #1 · answered by Tony 3 · 1⤊ 0⤋
* According to Thomas M. Stevens, President of the National Association of Realtors for 2006, "Finally, the plain fact is that hiring a professional pays off. The typical home represented by a professional last year sold for 16 percent more than those sold without a professional’s help. That profit more than pays for the agent’s commission. Millions of homeowners know it, and that’s why they will continue to call on experienced real estate professionals."
Still want to save 1% by doing it yourself? If you want to "step on a quarter to pick up a penny", that's your choice.
Read more... http://burlingamerealtor.com/serendipity/index.php?/archives/2006/02/20.html
2006-07-17 03:04:57 · answer #2 · answered by Mr Real Estate 3 · 0⤊ 0⤋
i believe it is because it's your money you can offer it to anyone you like. agents get offered bonuses from owners for selling houses sometimes, and people buy without realtors sometimes. plus, it's not like realtors who sell the house aren't getting anything for their work, because they normally charge a 3% comission. plus plus, it might make the homes in your community sell faster because people want the cash return. i think it's a great idea so go for it!
2006-07-14 16:39:47 · answer #3 · answered by thunderwear 4 · 0⤊ 0⤋