Are you giving something to your clients after your transaction is complete? I'm wondering how many of you are doing this? There are some of you that are giving cash back on real estate deals to buyers which is illegal and I don't think anyone will admit it but, how many of you have been running into clients that expect a return in someway?
This has been brought to my attention a few times about real estate agents feeling that in order to get a customer to agree to let them be their agent that they must give them a 1% kick back on a purchase...I won't give out any names but, what are your thoughts on this topic? As for the loan side I was asked this for the first time by a new client who asked if I would be willing to give them some cash in return for them letting me work on their loan because another loan officer offered them 2,000 dollars after closing and there real estate agent who recommended them to this person also was going to give them a cut of there commission on a purchase....
I asked them what made them choose to come to me..they said that there friend told them that they should come to me because I gave them great service on there loan...I then asked them if that was important to them. They said yes...I told them I do not give out any money but , will not short them on the level of service I provide..I then stated if someone is willing to give you money to do your loan do you think they will work as hard for you to provide you with the best rates and lowest fee's..Most likely they are going to charge you more to do your loan and not help you when you need it...I take great pride in my work and I know most of you other ActiveRainers due too...And as for the agent do you think that this agent is going to work as hard for you if they are not going make a full commission? They then had many questions including if I new a good agent who would find them a great home and work for a good deal for them.
What are your thoughts?
How many of you run into this or see this happening?
Are we not doing enough too earn our commission?
I'll appreciate your input....
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