We just bought our 1st house, what is the proper thank you to our real estate agent?
2007-08-13 18:24:15 · 9 answers · asked by mssmss1 2 in Business & Finance ➔ Renting & Real Estate
Nope. The Realtor has been paid. You could send a Thank You note. The only thing your Realtor really wants from you now is referrals, so if you know anyone thinking about buying/selling, give that person's contact info to your Realtor...
2007-08-13 18:42:12 · answer #1 · answered by Anonymous · 1⤊ 0⤋
In some states such as Tennessee, the broker is the only one who can compensate a licensee. If you wanted to take them to dinner that usually is fine, you can also send a nice "Thank You" card or, best yet send a complimentary letter to their broker, that would be great. They can then insert that letter in a resume' and it will in turn assist that agent in obtaining more business. Testimonials of a job well done are wonderful gifts! There is nothing wrong in "properly" rewarding your agent for a good job, but remember they were also paid to do the job, and state law may govern gifts. Ultimately it is usually the broker's call on whether the agent can keep "bonus" or "thank-you" compensation or not, but it still has to go thru the broker. I personally do not even collect "bonus" compensation if a property I sell to a client has a bonus attached, I discount the amount of the bonus to the buyer right off the top and then work from there to get the best deal and/or terms possible. Depending on how the deal went upon closing I may either buy a closing gift or nice dinner for 2 for my client- or take them to a nice dinner if it we got a an exceptional deal done. A large deal merits a large dinner or special gift. IRS rules also must be considered. Hope this helps.
2016-05-17 08:05:14 · answer #2 · answered by ? 3 · 0⤊ 0⤋
Your agent received 3-6% of the sales price as a commission. If you house was 300k they have a nice check for at 9k.
Traditionally it is the agent that gives the buyer a nice housewarming gift, not the other way around.
2007-08-13 18:37:20 · answer #3 · answered by Landlord 7 · 1⤊ 0⤋
Shake their hand and say thanks we will recommend you to anyone that asks for the name of a good realtor. The real estate agent gets a percentage of your house price.. I think its 7% it could be different in other areas. They are getting a lot so don't worry about sending a gift.
2007-08-13 18:29:08 · answer #4 · answered by Tapestry6 7 · 0⤊ 0⤋
I must agree with 'digger', the best thank you is referrals. Especially if they did a good job and you would use them again. Speaking as someone in the business, your REALTOR should send you a thank you note, cuz they just made some good money. I always send clients 'thank you's', if I list a house, purchase a house, have an appointment, get referals...it's all part of being the nicest and best REALTOR anybody ever met.
Cheers!
2007-08-13 19:08:38 · answer #5 · answered by Timberuno 2 · 0⤊ 0⤋
I've heard of more agents buying their clients a gift than the other way around. I have heard of offering a bonus for extra effort and a fast sale.
2007-08-13 18:32:11 · answer #6 · answered by Anonymous · 0⤊ 0⤋
We got a nice welcoming gift from the realtor, not the way around
2007-08-13 19:08:03 · answer #7 · answered by minivanmom 2 · 0⤊ 0⤋
I never have- they make a percentage of the profit from the sale end so a hearty thank you and a handshake has been enough for me!
2007-08-13 18:28:32 · answer #8 · answered by dizzkat 7 · 1⤊ 0⤋
they got thousands of dollars from the seller, why do you think you owe anything? send a card or basket of fruit.
2007-08-13 18:44:57 · answer #9 · answered by Anonymous · 0⤊ 0⤋