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Rainmaker
4,797,423
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

Yes. $295.

Nov 10, 2018 05:37 AM
Ambassador
3,983,177
Debbie Reynolds
Platinum Properties - Clarksville, TN
Your Dedicated Clarksville TN Real Estate Agent

No, but the broker across the street does and the clients don't seem to mind.

Feb 24, 2017 01:39 PM
Rainmaker
538,394
Eve Alexander
Buyers Broker of Florida - Orlando, FL
Exclusively Representing ONLY Orlando Home Buyers

A topic the sets my soul on fire...

In Florida most offices charge a transaction fee and so do we.

However...

The agent can only charge the person that they have a relationship with.  It is a violation of RESPA to charge a fee to someone that is arm's length.

Let me clarify: if it is your buyer or your seller you can charge an extra fee as long as it is disclosed up front and the party agrees to it.

The LA cannot charge the buyers agents buyer anything.  Likewise the BA cannot charge the seller $300 for gas money for bringing  the buyer, either.

This fee has to be disclosed at the time the agent will be working with that consumer.  It cannot be just placed on the HUD.

The LA charging the BA a transaction fee that is only for the LA benefit?  Not a chance!! I never agree. Not even a penny...

I answer my own phone and handle my own files.  Under what theory should I be obligated to pay the LA overhead? None!

Eve

May 03, 2015 01:44 AM
Rainmaker
1,021,864
Sam Shueh
(408) 425-1601 - San Jose, CA
mba, cdpe, reopro, pe

yes, but not to buyers and renters.

May 02, 2015 11:37 PM
Rainer
273,859
Curtis Evans
Cabin Realty LLC/ USA, Licensed in Louisiana - Golden Meadow, LA

No, I do not nickle and dime my agents to death. There are still a few greedy Brokers and Big box companies that charge way more than they really should.

May 02, 2015 06:58 PM
Rainmaker
2,394,979
Evelyn Johnston
Friends & Neighbors Real Estate - Elkhart, IN
The People You Know, Like and Trust!

I am the broker, and no I do not. We are paid commission to help buyers and sellers and I think this is a garbage fee.

May 02, 2015 02:09 PM
Ambassador
1,769,790
Noah Seidenberg
Coldwell Banker - Evanston, IL
Chicagoland and Suburbs (800) 858-7917

I can't say but the answer is yes

May 02, 2015 12:37 PM
Rainmaker
629,317
Ajay Pandya
e-Merge Real Estate - Columbus, OH
Realtor Ajay Pandya

I am a broker. 

Aug 03, 2018 11:10 PM
Rainmaker
698,877
Chris and Dick Dovorany
Homes for Sale in Naples, Bonita Springs and Estero, Florida - Naples, FL
Broker/Associate at Premiere Plus Realty

Ours happens to be cheap at $165 and it's charged to buyers and sellers.  In Florida we can not call it a transaction fee, it's additional commission and is stated in the disclosures.

May 06, 2015 12:41 AM
Rainmaker
299,380
Jim Paulson
Progressive Realty (Boise Idaho) www.Progressive-Realty.info - Boise, ID
Owner,Broker

There are lots of business models out there.  The most effective one is the one that gives you the value you are paying for.  I have a sliding scale for my agents and I reward them for:

  • having NAR certifications and designations
  • years of experience in the real estate industry
  • community service

I do not charge transaction fees to my agents or our clients.

May 03, 2015 03:22 AM
Rainer
269,568
Chris Lima
Atlantic Shores Realty Expertise - Port St Lucie, FL
Local or Global-Allow me to open doors for you.

Thank you for all of the responses!

May 03, 2015 12:00 AM
Rainmaker
3,983,315
William Feela
WHISPERING PINES REALTY - North Branch, MN
Realtor, Whispering Pines Realty 651-674-5999 No.

I only allow it on small sales otherwise I do not allow it.  Not having it is part of our marketing strategy and it works well

May 02, 2015 11:53 PM
Rainmaker
3,132,348
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

No, we have no transaction fees. I'm an independent contractor and within reason have total discretion on the fees/commissions I negotiate with my clients.

May 02, 2015 11:49 PM
Rainmaker
280,129
Jeanne Gregory
RE/MAX Southwest - Sugar Land, TX
The most important home I sell is YOURS!

Absolutely not!

May 02, 2015 10:42 PM
Rainmaker
3,052,847
Richard Weeks
Dallas, TX
REALTOR®, Broker

We charge the agent.  They can pay or pass on to their clients. We charge $175; however many agents charge their client more then that.

May 02, 2015 09:56 PM
Rainmaker
798,409
Troy Erickson AZ Realtor (602) 295-6807
Good Company Real Estate www.ChandlerRealEstate.weebly.com - Chandler, AZ
Your Chandler, Ahwatukee, and East Valley Realtor

Chris - My broker does not charge any "transaction fee", or any other admin fee, so with no fees, none are passed on to any of my clients. My broker only takes a very small portion of the commission. It is a very good deal.

May 02, 2015 07:26 PM
Rainmaker
1,766,416
John Novak
Keller Williams Realty The Marketplace - Las Vegas, NV
Henderson, Las Vegas and Summerlin Real Estate

The transaction fee in my market center has always been optional for buyers and sellers. I've never charged it to my clients.

May 02, 2015 02:48 PM
Ambassador
4,300,542
Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

Chris Lima - short answer to your question is 'NO'!

May 02, 2015 02:03 PM
Rainmaker
785,812
Bruce Walter
Keller Williams Realty Lafayette/West Lafayette, Indiana - West Lafayette, IN

Chris, our brokerage does not charge a transaction fee.

May 02, 2015 01:14 PM
Rainmaker
4,106,533
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

When I worked for brokers, they never charged an admin fee or any such fee.

May 02, 2015 12:23 PM
Rainmaker
361,585
Jill Murty, Realtor - Orange County, CA
PREA Realty - Laguna Niguel, CA

Back when I first started and worked for a big name brokerage, they charged a franchise fee, a percentage of the commission and then started charging a "flat fee commission", which the salesperson was supposed to get the client to pay.

I wasn't going to punish a client for selecting me.  I thought it was ridiculous and I left.  

The fee based model makes much more sense to me.

 

May 02, 2015 09:50 AM
Rainer
367,652
Raoul Loustaunau
REALTY ONE GROUP - Phoenix, AZ
urhomefinder.com myvaluetoday.com

i pay 200.00 transaction fee for every 250k , 25.00  a monthly fee ; i love it

May 02, 2015 09:29 AM
Rainmaker
5,037,318
Barbara Todaro
RE/MAX Executive Realty - Franklin, MA
Marketing Agent for The Todaro Team

our regional office collects 4% of each commission....the broker/owner charges 1%.... and this applies to every commission including rentals.....we pocket 95% of the commission..... we pay for our own expenses and pay a desk fee of $1,000/month...... 

May 02, 2015 09:22 AM