(Still) More Evidence of Tight Supply “Buyer’s agent will pay a 15% referral fee to anyone who gives an address for a potential listing that leads to a sale.” –email pitch (April 2, 2013) How tight is housing supply in the Twin Cities at the moment? Tight enough that at least one Buyer’s agent (above) is resorting...Read More
Wanted: Twin Cities Realtor With Expertise Purchasing Fannie Mae Homes Normally, a Realtor who refers business to another agent collects a referral fee. Depending on the circumstances, such a referral fee can be as much as 33%(!) of the ultimate commission. So, what’s a “reverse referral fee?” When the referring agent has to pay Agent...Read More
Edina Realty Pulls the Plug on Trulia.com, Other “Third Party Aggregators” In a post earlier this Fall (“Selling Realtors’ Listings Back to Them“), I discussed the dubious practice of Trulia.com and other so-called “Third Party Aggregators” of vacuuming up all the listings in a market, then charging the listing agents (representing Sellers) a fee if...Read More
