“receive 20% of my commission”

[LarryTheRenter]

Sorry newbie question here…Just came across an agent listing a house in carmel valley who had “receive 20% of my commission” if you buy the place….Is this legit or just if she is the sole agent on the deal??? Obviously you want the best agent you can to get you the lowest price which is best in the long run..If 2 agents are involved would you still get 20% back??

Any red flags????

[equalizer]

Yes to all. Sounds like agent will offer 20% of buyers commission, 0% on sellers commission. In some states, the Realtor groups bribed the state officials to make full service mandatory for agents and commission kickbacks a crime (probably a felony with 5 year minimum mandatory sentence). This is NOT a joke.

The big agencies really hate this practice because it would degrade the profession and cause commission price wars. Cant have competition.

[equalizer]

Yes to all. Sounds like agent will offer 20% of buyers commission, 0% on sellers commission. In some states, the Realtor groups bribed the state officials to make full service mandatory for agents and commission kickbacks a crime (probably a felony with 5 year minimum mandatory sentence). This is NOT a joke.

The big agencies really hate this practice because it would degrade the profession and cause commission price wars. Cant have competition.

[equalizer]

Yes to all. Sounds like agent will offer 20% of buyers commission, 0% on sellers commission. In some states, the Realtor groups bribed the state officials to make full service mandatory for agents and commission kickbacks a crime (probably a felony with 5 year minimum mandatory sentence). This is NOT a joke.

The big agencies really hate this practice because it would degrade the profession and cause commission price wars. Cant have competition.

[equalizer]

Yes to all. Sounds like agent will offer 20% of buyers commission, 0% on sellers commission. In some states, the Realtor groups bribed the state officials to make full service mandatory for agents and commission kickbacks a crime (probably a felony with 5 year minimum mandatory sentence). This is NOT a joke.

The big agencies really hate this practice because it would degrade the profession and cause commission price wars. Cant have competition.

[equalizer]

Yes to all. Sounds like agent will offer 20% of buyers commission, 0% on sellers commission. In some states, the Realtor groups bribed the state officials to make full service mandatory for agents and commission kickbacks a crime (probably a felony with 5 year minimum mandatory sentence). This is NOT a joke.

The big agencies really hate this practice because it would degrade the profession and cause commission price wars. Cant have competition.

[LarryTheRenter]

thanks for the insight…appreciate your comments.

[LarryTheRenter]

thanks for the insight…appreciate your comments.

[LarryTheRenter]

thanks for the insight…appreciate your comments.

[LarryTheRenter]

thanks for the insight…appreciate your comments.

[LarryTheRenter]

thanks for the insight…appreciate your comments.

[Coronita]

[quote=equalizer]Yes to all. Sounds like agent will offer 20% of buyers commission, 0% on sellers commission. In some states, the Realtor groups bribed the state officials to make full service mandatory for agents and commission kickbacks a crime (probably a felony with 5 year minimum mandatory sentence). This is NOT a joke.

The big agencies really hate this practice because it would degrade the profession and cause commission price wars. Cant have competition. [/quote]

This practice isn’t illegal in CA. Note though, you *may* get a 1099 at the end of the year for commission rebates.

[Coronita]

[quote=equalizer]Yes to all. Sounds like agent will offer 20% of buyers commission, 0% on sellers commission. In some states, the Realtor groups bribed the state officials to make full service mandatory for agents and commission kickbacks a crime (probably a felony with 5 year minimum mandatory sentence). This is NOT a joke.

The big agencies really hate this practice because it would degrade the profession and cause commission price wars. Cant have competition. [/quote]

This practice isn’t illegal in CA. Note though, you *may* get a 1099 at the end of the year for commission rebates.

[Coronita]

[quote=equalizer]Yes to all. Sounds like agent will offer 20% of buyers commission, 0% on sellers commission. In some states, the Realtor groups bribed the state officials to make full service mandatory for agents and commission kickbacks a crime (probably a felony with 5 year minimum mandatory sentence). This is NOT a joke.

The big agencies really hate this practice because it would degrade the profession and cause commission price wars. Cant have competition. [/quote]

This practice isn’t illegal in CA. Note though, you *may* get a 1099 at the end of the year for commission rebates.

[Coronita]

[quote=equalizer]Yes to all. Sounds like agent will offer 20% of buyers commission, 0% on sellers commission. In some states, the Realtor groups bribed the state officials to make full service mandatory for agents and commission kickbacks a crime (probably a felony with 5 year minimum mandatory sentence). This is NOT a joke.

The big agencies really hate this practice because it would degrade the profession and cause commission price wars. Cant have competition. [/quote]

This practice isn’t illegal in CA. Note though, you *may* get a 1099 at the end of the year for commission rebates.

[Author]

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