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SD Realtor
Participantuneven again that is up to you.
Rebates can be a little trickier with a new home. Most people think that an agent earns a coop commission for a new home. In reality what most developers do is award a referral to an agent who registers a buyer who buys a new home. However with that referral fee are tighter restrictions that the referral that goes to the agent must not be distributed to the buyer. So generally the rebate back to the buyer on a new home is done outside or after escrow. Expect to be 1099’d on that income. However it is still pretty nice money right? Are you gonna turn down 10k for instance if I tell you I have to 1099 you at the end of the year? Heck no.
Anyways you may ask what good is the agent if I already have a new home picked out… well that is a good question. Perhaps not much. However if you go to the sales office and say give me the new home for the sales price minus the referral fee it is quite unlikely they will. I guess maybe it depends on the development. If you have already have picked out a home, that is, if you already registered with the builder it is a moot point. Even if you bring an agent with you the sales office will go no sir, and turn the agent away.
Participantuneven again that is up to you.
Rebates can be a little trickier with a new home. Most people think that an agent earns a coop commission for a new home. In reality what most developers do is award a referral to an agent who registers a buyer who buys a new home. However with that referral fee are tighter restrictions that the referral that goes to the agent must not be distributed to the buyer. So generally the rebate back to the buyer on a new home is done outside or after escrow. Expect to be 1099’d on that income. However it is still pretty nice money right? Are you gonna turn down 10k for instance if I tell you I have to 1099 you at the end of the year? Heck no.
Anyways you may ask what good is the agent if I already have a new home picked out… well that is a good question. Perhaps not much. However if you go to the sales office and say give me the new home for the sales price minus the referral fee it is quite unlikely they will. I guess maybe it depends on the development. If you have already have picked out a home, that is, if you already registered with the builder it is a moot point. Even if you bring an agent with you the sales office will go no sir, and turn the agent away.
Participantuneven again that is up to you.
Rebates can be a little trickier with a new home. Most people think that an agent earns a coop commission for a new home. In reality what most developers do is award a referral to an agent who registers a buyer who buys a new home. However with that referral fee are tighter restrictions that the referral that goes to the agent must not be distributed to the buyer. So generally the rebate back to the buyer on a new home is done outside or after escrow. Expect to be 1099’d on that income. However it is still pretty nice money right? Are you gonna turn down 10k for instance if I tell you I have to 1099 you at the end of the year? Heck no.
Anyways you may ask what good is the agent if I already have a new home picked out… well that is a good question. Perhaps not much. However if you go to the sales office and say give me the new home for the sales price minus the referral fee it is quite unlikely they will. I guess maybe it depends on the development. If you have already have picked out a home, that is, if you already registered with the builder it is a moot point. Even if you bring an agent with you the sales office will go no sir, and turn the agent away.
Participantuneven your question is a tough one to answer because there is nothing that is normal. Commissions are not set by law. You can go to alot of online places and look at the commission structures that they have and maybe they work for you and maybe they do not.
There is no normal. What a realtor sees from a commission varies alot and is 100% determined by where he works. Many large brokerages take a good percentage of the commission so the leftovers the realtor gets makes it hard for them to give money to the client.
Smaller brokerages and independents, may not take a large percentage leaving the realtor more leeway to give a rebate. Many of the online places don’t use realtors but just have people let you in the door to a home and pretty much you are on your own but they may give you a large rebate.
A somewhat reliable rule of thumb is that the rebate will vary with the work you expect to receive from the agent. Do you want comps? Do you want advice from the agent? Do you care what other homes in the same neighborhood sell for? Do you want to know if the agent sold or represented buyers in that neighborhood? Do you want help with inspectors and/or contractors? Do you want research or foreclosure information? What do you want from the agent? Some people want more and some want less. You can kind of set the parameters and talk about them with your agent and then come up with a sensible rebate amount.
There are alot of options out there for you with regards to rebates. If your previous agent gave you 2500 on a 450k deal then that was nice of her, specially without you asking for it.
Participantuneven your question is a tough one to answer because there is nothing that is normal. Commissions are not set by law. You can go to alot of online places and look at the commission structures that they have and maybe they work for you and maybe they do not.
There is no normal. What a realtor sees from a commission varies alot and is 100% determined by where he works. Many large brokerages take a good percentage of the commission so the leftovers the realtor gets makes it hard for them to give money to the client.
Smaller brokerages and independents, may not take a large percentage leaving the realtor more leeway to give a rebate. Many of the online places don’t use realtors but just have people let you in the door to a home and pretty much you are on your own but they may give you a large rebate.
A somewhat reliable rule of thumb is that the rebate will vary with the work you expect to receive from the agent. Do you want comps? Do you want advice from the agent? Do you care what other homes in the same neighborhood sell for? Do you want to know if the agent sold or represented buyers in that neighborhood? Do you want help with inspectors and/or contractors? Do you want research or foreclosure information? What do you want from the agent? Some people want more and some want less. You can kind of set the parameters and talk about them with your agent and then come up with a sensible rebate amount.
There are alot of options out there for you with regards to rebates. If your previous agent gave you 2500 on a 450k deal then that was nice of her, specially without you asking for it.
Participantuneven your question is a tough one to answer because there is nothing that is normal. Commissions are not set by law. You can go to alot of online places and look at the commission structures that they have and maybe they work for you and maybe they do not.
There is no normal. What a realtor sees from a commission varies alot and is 100% determined by where he works. Many large brokerages take a good percentage of the commission so the leftovers the realtor gets makes it hard for them to give money to the client.
Smaller brokerages and independents, may not take a large percentage leaving the realtor more leeway to give a rebate. Many of the online places don’t use realtors but just have people let you in the door to a home and pretty much you are on your own but they may give you a large rebate.
A somewhat reliable rule of thumb is that the rebate will vary with the work you expect to receive from the agent. Do you want comps? Do you want advice from the agent? Do you care what other homes in the same neighborhood sell for? Do you want to know if the agent sold or represented buyers in that neighborhood? Do you want help with inspectors and/or contractors? Do you want research or foreclosure information? What do you want from the agent? Some people want more and some want less. You can kind of set the parameters and talk about them with your agent and then come up with a sensible rebate amount.
There are alot of options out there for you with regards to rebates. If your previous agent gave you 2500 on a 450k deal then that was nice of her, specially without you asking for it.
Participantuneven your question is a tough one to answer because there is nothing that is normal. Commissions are not set by law. You can go to alot of online places and look at the commission structures that they have and maybe they work for you and maybe they do not.
There is no normal. What a realtor sees from a commission varies alot and is 100% determined by where he works. Many large brokerages take a good percentage of the commission so the leftovers the realtor gets makes it hard for them to give money to the client.
Smaller brokerages and independents, may not take a large percentage leaving the realtor more leeway to give a rebate. Many of the online places don’t use realtors but just have people let you in the door to a home and pretty much you are on your own but they may give you a large rebate.
A somewhat reliable rule of thumb is that the rebate will vary with the work you expect to receive from the agent. Do you want comps? Do you want advice from the agent? Do you care what other homes in the same neighborhood sell for? Do you want to know if the agent sold or represented buyers in that neighborhood? Do you want help with inspectors and/or contractors? Do you want research or foreclosure information? What do you want from the agent? Some people want more and some want less. You can kind of set the parameters and talk about them with your agent and then come up with a sensible rebate amount.
There are alot of options out there for you with regards to rebates. If your previous agent gave you 2500 on a 450k deal then that was nice of her, specially without you asking for it.
Participantuneven your question is a tough one to answer because there is nothing that is normal. Commissions are not set by law. You can go to alot of online places and look at the commission structures that they have and maybe they work for you and maybe they do not.
There is no normal. What a realtor sees from a commission varies alot and is 100% determined by where he works. Many large brokerages take a good percentage of the commission so the leftovers the realtor gets makes it hard for them to give money to the client.
Smaller brokerages and independents, may not take a large percentage leaving the realtor more leeway to give a rebate. Many of the online places don’t use realtors but just have people let you in the door to a home and pretty much you are on your own but they may give you a large rebate.
A somewhat reliable rule of thumb is that the rebate will vary with the work you expect to receive from the agent. Do you want comps? Do you want advice from the agent? Do you care what other homes in the same neighborhood sell for? Do you want to know if the agent sold or represented buyers in that neighborhood? Do you want help with inspectors and/or contractors? Do you want research or foreclosure information? What do you want from the agent? Some people want more and some want less. You can kind of set the parameters and talk about them with your agent and then come up with a sensible rebate amount.
There are alot of options out there for you with regards to rebates. If your previous agent gave you 2500 on a 450k deal then that was nice of her, specially without you asking for it.
ParticipantDW and CAR I am cracking up. If it wasn’t so sad it really would be funny.
ParticipantDW and CAR I am cracking up. If it wasn’t so sad it really would be funny.
ParticipantDW and CAR I am cracking up. If it wasn’t so sad it really would be funny.
ParticipantDW and CAR I am cracking up. If it wasn’t so sad it really would be funny.
ParticipantDW and CAR I am cracking up. If it wasn’t so sad it really would be funny.
ParticipantI think there should be a credit extended for watching football on Sunday.
Call it the sportsfan of america economic stimulus package. This money will be well reinvested by consumers in cable or satellite football packages, pizza, beer, chips, sodas, consumer electronics, etc.
You can also attach it to cash for your crappy tv iniative to buy a new flatscreen.
Then we will initiate a cash for crappy couches as well so places like Jeromes will thrive!
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