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Updated almost 5 years ago on . Most recent reply

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1
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0
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Claire Zhang
0
Votes |
1
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Open house compensation

Claire Zhang
Posted

Hi, I hosted an open house last weekend and one of my colleagues came to help unannounced. The open house was busy so he helped out and show the property with few buyers. One of the buyers He helped made an offer. Am I suppose to compensate my colleague if the deal go thru and how much Normally if so? The colleagues has been helping and following up with the buyer to get the offer after open house. 

Most Popular Reply

User Stats

16
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11
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Lewis Tse
  • Real Estate Agent
  • New York City, NY
11
Votes |
16
Posts
Lewis Tse
  • Real Estate Agent
  • New York City, NY
Replied

Hi @Claire Zhang, are you part of a team structure or an individual agent? Your principal broker may be able to clear things up. If you are closely acquainted with this colleague, you may be able to resolve this between you two and not involve anyone else. However, as @Elvis Herrera said, do not feel obligated to pay anything. Any time I assist anyone within my circle of closely affiliated colleagues, I always establish a compensation structure upfront beforehand to avoid any awkward conversations down the line unless I already decided to volunteer my time. Managing expectations is one of the core parts of our trade whether it's with our clients or fellow agents. 

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