Tip/ gift for realtor?
#16
Forum Regular
Joined: Jan 2014
Posts: 277
Re: Tip/ gift for realtor?
We gave a bottle of wine as a Thank You, he was delighted with it.
He really did everything he could for us.
He really did everything he could for us.
#17
Bloody Yank
Joined: Oct 2005
Location: USA! USA!
Posts: 4,186
Re: Tip/ gift for realtor?
There should be a gift...a housewarming gift from the realtor to you.
#18
Re: Tip/ gift for realtor?
6% skim off the house sale is enough isn't it?
I suppose you could tell them to replace the 20 year old photo they use on their business cards...
I suppose you could tell them to replace the 20 year old photo they use on their business cards...
#19
Re: Tip/ gift for realtor?
I'll echo the sentiment that the gift should be from realtor to customer. Anything else is just madness!
#20
Account Closed
Joined: Jan 2006
Posts: 0
Re: Tip/ gift for realtor?
Don't forget the realtors don't get to keep all the commission, they have to share it with the broker of the agency.
But never heard of the custom to tip agents, at my wifes work the agents provide a bottle of wine a card and usually a gift card of sorts to the client once everything is closed and settled.
If the wine is any good, no clue, they have boxes of it as the broker buys in bulk.
But never heard of the custom to tip agents, at my wifes work the agents provide a bottle of wine a card and usually a gift card of sorts to the client once everything is closed and settled.
If the wine is any good, no clue, they have boxes of it as the broker buys in bulk.
#21
BE Enthusiast
Joined: May 2008
Posts: 572
Re: Tip/ gift for realtor?
We've always received a gift from the realtor, generally flowers.
#22
Re: Tip/ gift for realtor?
Ours made approx $12.5k after splitting the commission with the other realtor. Needless to say we receive a Christmas card from her every year.
My friend once got a call from his financial advisor saying 'Hey I have a gift for you, I'll be at the house in a few minutes.' Turned up and handed my friend a bag of lobsters.
Only in Maine?
My friend once got a call from his financial advisor saying 'Hey I have a gift for you, I'll be at the house in a few minutes.' Turned up and handed my friend a bag of lobsters.
Only in Maine?
#23
Account Closed
Joined: Jan 2006
Posts: 0
Re: Tip/ gift for realtor?
Some realtors in hot markets up this way are cutting their commissions because frankly in some of these markets the house sells before the realtor has to do much if anything and prices so high even if they cut their commission by 50% they are making a small fortune.
Take Vancouver average price is nearly 1 million now, realtors still make a nice chunk of change.
Take Vancouver average price is nearly 1 million now, realtors still make a nice chunk of change.
#24
Re: Tip/ gift for realtor?
Is that 3% then? ..... Because customarily that is then split 50:50 again with the "broker" (the office/ franchise owner). In short, "your realtor" (whether buyer's or seller's agent) usually only collects 1.5%.
#26
Re: Tip/ gift for realtor?
Anyway, to the original question - no, no tip/gift from me for a realtor doing their job. Some of them give me a bottle of wine/bubbly when we close, but not all, and as long as they have done a decent job, its not something I would expect. All of them, however, waive their realtors fee on a rental if we buy through them then rent immediately.
#27
Re: Tip/ gift for realtor?
6% is the normal fee around where I lived. The selling agent keeps 3% and hands 3% over to the buyer's agent.
#28
Re: Tip/ gift for realtor?
Yes ..... then the sellers agent gives 1.5% to their broker (office/ franchise owner), and the buyers agent gives 1.5% to their broker. In other words the buyer's and seller's agents, the people who smile, meet people, and show the property, only collect 1.5% each. ..... I think that there are more responsibilities and is more training required to be a RE "broker".
Last edited by Pulaski; May 13th 2015 at 7:06 pm.
#29
Account Closed
Joined: Jan 2006
Posts: 0
Re: Tip/ gift for realtor?
They also responsible for what their agents do.
#30
I have a comma problem
Joined: Feb 2009
Location: Fox Lake, IL (from Carrickfergus NI)
Posts: 49,598
Re: Tip/ gift for realtor?
Well whatever it is they do, I think we can all agree, none of them deserve tips