Do Real Estate agents cut commission?
What is the difference between a discount broker and a full service broker?
If you agree or disagree comment below. These are my opinions…I want to hear what you have to say.
This is nothing new since decades ago realtors have been cuting commission. So when you find websites with those offers consider the facts before you hire based on discount.
As a professional if this is the first and only question on your mind. That is a great question and I’m concerned you are doing a diss service by not knowing the full facts.
Haggling is smart and in the case of representation I assume that your real concern is getting the most for the sale or purchase of your home? If I were a buyer or the seller I would be concerned about the same, netting the most for my sale or spending the least for my purchase…
However, in real estate when you hire a discount broker…with out know the full facts you may actually be getting this:
You are being offered a discount on service. A discount broker will likely have you doing all the leg work. Problem in the transaction? You likely won’t have your real estate broker besides you to carry you through step by step. So interview carefully before you hire.
There ARE discount brokers out there.….If you are an expert in real estate and if you know exactly what you are doing then that might be a good fit for you. If you are not an expert in real estate then remember not every agent is equal just as not every car is equal and not every restaurant is equal.
If what you want is the best the best results, someone who you can call and will guide you thru the steps so you don’t lose money, so you net the most money, so you don’t commit a big mistake then you are looking for a full service broker that handles just about everything. A full service reputable broker who picks up the the phone, someone helping you obtain contractor bids while you are at work and most importantly negotiating you the best deal.
A better question when interviewing is: How will you help me get the most for my sale or the most for my purchase? How many clients do you take on at a time?
Reading the real estate agent reviews is another great tool for you to hire the best. This in turn will protect your greatest asset and you can get the most bang for your property as a buyer or a seller.
What are your thoughts? Leave me a comment and I’ll see you next time.