Tag

small commission

“Reverse Referral Fee”

“Pro Bono” Real Estate Agency? Not on Purpose Normally, when Realtor A refers a client to Realtor B, “B” pays “A” a referral fee. While Realtor B is going to be doing all the work, “A” has the client relationship — and can effectively decide which Realtor gets the gig. Depending on the situation and...
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“Checks With No Comma”

Euphemism for “Puny Paycheck” That was the phrase I heard at a real estate course this morning bemoaning the commission checks associated with $25,000 home sales — or leasing a property for 10% – 50% of the first month’s rent (see, “Why I Don’t Do Rentals“). While not common (thankfully) in the metro Twin Cities, home...
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