“Discount” brokerages

What I can’t stand is that they advertise in
newspapers or mailouts they only charge 1/2 or 1-2% fee or compared to a Full
Service company fee of 6%. (which is far and few) Some use a chart state
showing as a example that you save $20,000 by using them based on a 1-2 % fee.
What they fail to provide or even in very small print is that if there is
another agent brings the buyer that there will be a another fee of 2.5 -3% added
to the fee for selling. I get mail for u-sell (no full names) showing this fee
chart and savings to a seller. What about putting the home on the MLS (for
another fee), no fine print there…. Instead of trying to advertise the
seller’s home they advertise to get more listings..wow…. Like the old saying
is “you get what you pay for” When I take a listing, I give a net sheet to show
all cost involved in selling including a buyers agent fee.”

From a E-Pro discussion – I couldn’t have said
it better myself.

What I can’t stand is
that they advertise in newspapers or mailouts they only charge 1/2 or 1-2% fee
or compared to a Full Service company fee of 6%. (which is far and few) Some use
a chart state showing as a example that you save $20,000 by using them based on
a 1-2 % fee.
What they fail to
provide or even in very small print is that if there is another agent brings the
buyer that there will be a another fee of 2.5 -3% added to the fee for selling.
I get mail for u-sell (no full names) showing this fee chart and savings to a
seller.
What about putting the home
on the MLS (for another fee), no fine print there. No marketing budget! Instead
of trying to advertise the seller’s home they advertise to get more
listings..wow.

What do
discounter do? You need to tell them everything! Like the old saying is “you get
what you pay for”

When I take
a listing, I give a net sheet to show all cost involved in selling including a
buyers agent fee.”

The
bolding is
mine. Much of the advertising out there is simply not true.
Caveat
Emptor
.

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1 Comment

  1. Zen Poet November 26, 2005 at 23:15

    The house next door was just sold through one of these discount brokerage firms. While they may have shaved 1-2% (at best) off the commission rate, they lost out big in the end.

    The house was priced 10K+ under its proper market value. At about 250K, that’s 4% lost right there.