U.S. DEPT. OF JUSTICE ON REALTOR COMMISSION REBATES

Guest

WAKE UP says the U.S Dept. of Justice! See the links below where the Gov. is informing consumers, enough is enough with these huge realtor commissions!

Consumers need to be educated that Realtor Rebate has been completely legal for years in most states and the massive savings benefit it is for consumers. Unlike a few years ago, when realtors were on a 50/50 split with the real estate company they worked for, many realtors are now on a No Split Commission pay plan where they keep up to 100% of the commission points and don’t have to pay their company anything but a small $350.00 transaction fee. When a consumer encounters a Realtor charging a full 3 to 6% in Commission Points, they should simply find a Realtor who is willing to give them a much better deal and will ‘Share the Equity!’

Below is the 3% standard commission structure for Buyer’s Agents
$100,000 @ 3% = $3,000 A fair fee for the job.
$200,000 @ 3% = $6,000 A lot to just give away!
$300,000 @ 3% = $9,000 Way too much to give away!
$400,000 @ 3% = $12,000 Unbelievable amount to give away!
$500,000 @ 3% = $15,000 Just a plain absurd amount to give away!
$600,000 @ 3% = $18,000 There should be a laws against this give away amount!
$700,000 @ 3% = $21,000 Buyer is not thinking straight and needs mental help!
$800,000 @ 3% = $24,000 Buyer needs to be committed to a mental institution!
$900,000 @ 3% = $27,000 Buyer needs to be returned to their mental institution!
$1,000,000@3%= $30,000 Buyer is a Flat Liner, pull the plug!

If the U.S. Dept. of Justice is stepping in to inform consumers about these absurd realtor commissions, it’s bad! Click on the below U.S. Dept. of Justice web sites to learn about Realtor Rebates.

justice.gov/atr/public/real_estate/commission_table.htm

justice.gov/atr/public/real_estate/rebate_calculator.htm

justice.gov/atr/public/real_estate/index.htm

justice.gov/atr/public/real_estate/states_map.htm

Guest

You can cut and paste the above links in the URL address box as the w ww is not in front of the links.

Note: this is not an advertisement, just a U.S Government web site to inform buyers about legal rebates they can obtain thru realtors that offer them.
I buyer would simply di an online search of Buyer's Agent Rebates, Realtor Rebates, etc. to find thousands of realtors willing to give them this savings.

bg0427 · Posted: Tue Feb 09, 2010 7:15 am Post subject:

Im not sure if you know this but the buyer doesn't pay the commision the seller does. And they sign an agreement when they list the property stating how much commision they are willing to pay. The buyer doesn't pay a dime to the realtors.

Guest

Bradley, come on! Anyone with any knowledge of how realtor commission works knows darn well that's BS!

Buyer doesn't pay a dime to the realtors? ARE YOU KIDDING??? Okay, then if the seller did not have to pay the realtor could the seller then sell the house to the buyer for 3% less? SO now, who really is paying the realterd?????

Bradley, you are a very smart guy, don't suddenly play nieve and lead consumers to believe that BS these realtors tell foolish buyers saying the seller pays their commission because you know good and Darn well it is BS!

These realtors are rapping consumers, that's why the U.S. Dept. of Justice is stepping in and informing consumers about Realtor Rebate savings.

Did you go to the US Dept of Justice websites above Bradley?

Do this Bradley, search this on line: Florida Realtor Rebate and tell us what you discover going on down there in Florida.

Waiting for your reply Sir................

Guest

I agree with BiBi, she speaks the truth Bradley and a the rest of you reading these posts need to realize that these realtors are not needed but to open doors and write a contract, Oh, and read the MLS, what a joke.

These realtors have been allowed to get away with murder through out the housing crisis and nobody has even questioned those rediculious commissions! There's why America's equity went, to the realtors!

For us who know, they are so over rated, but ignorant buyers and sellers just continue to let them Clock thier @ss on every transaction!

Posted: Tue Feb 09, 2010 9:11 pm Post subject:

your all nuts.

bg0427 · Posted: Tue Feb 09, 2010 9:31 pm Post subject:

I have a very good friend that is a realtor he works harder than anyone that i know. He works about 80 hours a week with some of the dumbest clients I have ever met. He does mostly short sales and some of these people shouldn't be allowed to drive a car nevermind buy or sell real estate.

He doesn't even get 2.5% on most transactions and the sales prices are very low in this area. He will be the first to tell you that most realtors are useless and lazy. But I will tell you I have never seen anyone earn a commision like he does with some of the crap he puts up with.

On another note, you don't have to use a realtor. You can do FSBO but if you choose to use a realtor and you choose to pay them 6% thats your own problem. There are plenty of realtors now days that will work for 4%. The consumer has choices and if they make bad choices they should live with it. Do you know the mark up on a mattress is about 300% I would like to see an article complaining about that or when you buy something at the grocery store for 2 bucks that was purchased for 13cents.

We all have choices as consumers some are smarter than others some don't care. This is why America is great.

Guest

Oh Bradley, save it! The same realtor friend would in a second and has probably cut the throats (figuretively speaking) of countless mortgage brokers who had litterally months of time and effort invested in a borrower and without ANY compassion or regards for that mortgage broker time and coerced and steered thier clients to his "Preferred Lender" and felt good about doing it too!

They turn my stomache how they could care less about brokers, but it's a mortal sin to question that ABSURD extraction of equity they pull on American buyers and Sellers at that BS 3 and 6%!

bg0427 · Posted: Wed Feb 10, 2010 10:37 am Post subject:

Actually that is incorrect. He was in the mortgage field for many years. I am his preferred lender. But if they are already working with someone he doesn't touch it because he doesn't want to lose business by coming off as pushy.

You must have had some bad experiences. Time to get over it. They are not all bad. I know plenty that are bad but thats why you pick the few good ones and work with them. The other losers will eventually get pushed out. With the way things have been the last couple of years it really seperated the boys from the men. The cheats liars and scumbags have all been pushed out of the business. There are few left but they won't be around too long.

All of us honest harding working brokers or lenders will survive because we provide good service and we do what we say we will.

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