Home › Forums › Closed Forums › Buying and Selling RE › Kick back from Buyer’s Agent
- This topic has 50 replies, 7 voices, and was last updated 16 years, 2 months ago by
urbanrealtor.
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AuthorPosts
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September 14, 2009 at 9:51 AM #16339September 14, 2009 at 10:03 AM #456375
AK
ParticipantThe way things are going these days, I figured it was a better idea to find an agent who was worth 2.5% … at least in my price range.
September 14, 2009 at 10:03 AM #456568ParticipantThe way things are going these days, I figured it was a better idea to find an agent who was worth 2.5% … at least in my price range.
September 14, 2009 at 10:03 AM #456907ParticipantThe way things are going these days, I figured it was a better idea to find an agent who was worth 2.5% … at least in my price range.
September 14, 2009 at 10:03 AM #456979ParticipantThe way things are going these days, I figured it was a better idea to find an agent who was worth 2.5% … at least in my price range.
September 14, 2009 at 10:03 AM #457171ParticipantThe way things are going these days, I figured it was a better idea to find an agent who was worth 2.5% … at least in my price range.
September 14, 2009 at 12:14 PM #456408urbanrealtor
ParticipantTemeculaguy has some good insight into this.
His basic philosophy was “why help somebody earn thousands for a couple hours of work”.
That is certainly a valid point.
However, most deals I handle involve 100-200 hours of work and earn me less than than $10k. That is before backing out the cost of gas, supplies, and repairs (which often come out of my pocket).
Generally, unless an agent either offers limited service or has a second job (which implies limited service) there is not a great deal of extra cash to go around.
This does vary by agent, market, and client.
Most of the agents who hit it rich and offer big kickouts to buyers during the boom are in different line of work these days.
There are certainly exceptions though.
September 14, 2009 at 12:14 PM #456603ParticipantTemeculaguy has some good insight into this.
His basic philosophy was “why help somebody earn thousands for a couple hours of work”.
That is certainly a valid point.
However, most deals I handle involve 100-200 hours of work and earn me less than than $10k. That is before backing out the cost of gas, supplies, and repairs (which often come out of my pocket).
Generally, unless an agent either offers limited service or has a second job (which implies limited service) there is not a great deal of extra cash to go around.
This does vary by agent, market, and client.
Most of the agents who hit it rich and offer big kickouts to buyers during the boom are in different line of work these days.
There are certainly exceptions though.
September 14, 2009 at 12:14 PM #456941ParticipantTemeculaguy has some good insight into this.
His basic philosophy was “why help somebody earn thousands for a couple hours of work”.
That is certainly a valid point.
However, most deals I handle involve 100-200 hours of work and earn me less than than $10k. That is before backing out the cost of gas, supplies, and repairs (which often come out of my pocket).
Generally, unless an agent either offers limited service or has a second job (which implies limited service) there is not a great deal of extra cash to go around.
This does vary by agent, market, and client.
Most of the agents who hit it rich and offer big kickouts to buyers during the boom are in different line of work these days.
There are certainly exceptions though.
September 14, 2009 at 12:14 PM #457013ParticipantTemeculaguy has some good insight into this.
His basic philosophy was “why help somebody earn thousands for a couple hours of work”.
That is certainly a valid point.
However, most deals I handle involve 100-200 hours of work and earn me less than than $10k. That is before backing out the cost of gas, supplies, and repairs (which often come out of my pocket).
Generally, unless an agent either offers limited service or has a second job (which implies limited service) there is not a great deal of extra cash to go around.
This does vary by agent, market, and client.
Most of the agents who hit it rich and offer big kickouts to buyers during the boom are in different line of work these days.
There are certainly exceptions though.
September 14, 2009 at 12:14 PM #457206ParticipantTemeculaguy has some good insight into this.
His basic philosophy was “why help somebody earn thousands for a couple hours of work”.
That is certainly a valid point.
However, most deals I handle involve 100-200 hours of work and earn me less than than $10k. That is before backing out the cost of gas, supplies, and repairs (which often come out of my pocket).
Generally, unless an agent either offers limited service or has a second job (which implies limited service) there is not a great deal of extra cash to go around.
This does vary by agent, market, and client.
Most of the agents who hit it rich and offer big kickouts to buyers during the boom are in different line of work these days.
There are certainly exceptions though.
September 14, 2009 at 4:38 PM #456552uneven
ParticipantI guess that’s my question. What is a “big” kickback? Is it normal to not get anything? I bought in 2002 and got $2500 back from my agent on a 450K house. I never asked her for it either. She just said that’s what she does. Is that abnormal?
September 14, 2009 at 4:38 PM #456747ParticipantI guess that’s my question. What is a “big” kickback? Is it normal to not get anything? I bought in 2002 and got $2500 back from my agent on a 450K house. I never asked her for it either. She just said that’s what she does. Is that abnormal?
September 14, 2009 at 4:38 PM #457084ParticipantI guess that’s my question. What is a “big” kickback? Is it normal to not get anything? I bought in 2002 and got $2500 back from my agent on a 450K house. I never asked her for it either. She just said that’s what she does. Is that abnormal?
September 14, 2009 at 4:38 PM #457157ParticipantI guess that’s my question. What is a “big” kickback? Is it normal to not get anything? I bought in 2002 and got $2500 back from my agent on a 450K house. I never asked her for it either. She just said that’s what she does. Is that abnormal?
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