BiggerPockets

I'm selling a house through this realtor because I wanted to return the favor for bringing me the deal. Come to find out, he wants to charge 6.3% realtor fees and a 3,000 broker fee? I've done enough houses to know this is ridiculous. How do you deal with a situation where you want to help the guy because he helped you, but he is not being reasonable?

maybe he doesnt need the help if he is charging that kinda crap!

its business - not charity - talk to him and see what the deal is. id like to know why he thinks he is worth that much...?

It would have to been a big favor to return to give up that much of your profit. Make your stand and stay firm

What's with the 6.3%? How is that split?

In my experience, if the agent plans to get a bunch of business from you (i.e., more than one purchase/sale), it's customary to reduce the standard commission. Is 6.3% less than what he typically charges?

Unless he's a *GREAT* agent or unless he plans to spend money marketing your property, I think that number is too high. Just my opinion...

If the agent is charging 6.3% then there may be a reason. You said he brought you another deal. Did he not make much off the deal and did a bunch of work??

If that was the case I wouldn't see a problem paying the 6.3%.

As far as marketing we have a saying in the business.

"No amount of marketing in the world will sell an overpriced listing"

The amount you are asking is relative to many factors.If everything is ready to go with the property then it is just price. If staging wasn't done,or only had a half rehab etc. then regular market comparables won't work until you fix those issues.

If the investor wants a crazy amount of marketing then the broker/agent can have a clause where the seller spends the money and the receipts are taken off of the commission at closing.

This prevents the seller from overpricing,pulling the listing early,blaming the broker for things the seller should have done before marketing it staging,fixing repairs,updating the property to today's standards,etc.

I am an investor as well but what I get tired of hearing is the blame game. If truly the broker/agent is responsible for something they should take blame for it. I find a certain amount of the time the investor likes to blame the broker/agent for mistakes the investor made.

If people focused on what they are getting for the commission charged instead of finding the cheapest rate then you would find VALUE.