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#123683 - 10/19/06 02:07 PM Can agents negotiate transaction fees with broker?
fatmaxxv Offline
Veteran Member

Registered: 05/23/06
Posts: 724
Loc: Frisco, TX
Can agents negotiate transaction fees with broker?

That's basically my question. Plan to switch to a new broker soon. Even though the new broker's fees are double of what my current one charges, I plan to switch because I know I will be in a better environment to grow.

However, the new broker plans to charge 30% of listing less than 1K, that includes leases. While the old broker charges a straight $40 fee for lease.

Would it be fair to ask the new broker to "match" the $40 lease and if I do have regular sale be charged the 30%? What do you think?

PS: These are non-franschise brokerage firms.
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Maxx is my Basset - Blog -ging is my new hobby
Real Estate Broker
Frisco-TX-Homes.com: Comprehensive Guide to Frisco TX Homes for Sale
Frisco, TX - Suburbs of the Dallas, TX metroplex
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#123684 - 10/19/06 02:14 PM Re: Can agents negotiate transaction fees with broker?
GregInAtlanta Offline
Veteran Member

Registered: 04/14/05
Posts: 1171
Loc: Atlanta, Georgia
It depends. I would be more willing to lower my standard fees if I was sure that the person was going to be a top producer. If the person is not a documented producer, I don't think I would move from the standard commission structure.
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#123685 - 10/20/06 12:43 PM Re: Can agents negotiate transaction fees with broker?
fatmaxxv Offline
Veteran Member

Registered: 05/23/06
Posts: 724
Loc: Frisco, TX
Thanks for your input, Greg.

After alot of consideration, I did ask the new broker about the lease vs. sale transaction fee. Just that his guys (other realtors): this is a very small and new firm, doesnt do hardly any leases at all, and when I presented my past experience to him, he understood how doing a 30% lease transaction fee would actually "hurt" me ie spending the time and on top of that, probably loose money in the transaction. He agreed to match and to make that a new policy in the office.

I have really learn to ask and voice my opinion (in a respectful, non-confrontational way). Sometimes, others just never thought about it... and it never hurt to ask.
_________________________
Maxx is my Basset - Blog -ging is my new hobby
Real Estate Broker
Frisco-TX-Homes.com: Comprehensive Guide to Frisco TX Homes for Sale
Frisco, TX - Suburbs of the Dallas, TX metroplex
**********
I make myself rich by making my wants few

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