Sam-in-Okotoks

When selling houses my fees are not calculated in the normal way. On my side of the deal I charge a fixed rate of 3,000 4,000 or 5,000 dollars depending on the value of the home. If you are asking me if I give sellers a cash back then the answer is no, I just sell at a fixed rate. Buyers are given 25% of my commission. If you choose to sell and buy with me then I sell for a fixed rate and I give you the cash back when you buy.

Almost Canadian

OK. Have you successfully sold a property for a vendor?

Alan2005

I really like the sound of Sams business model - if I was buying (or selling) near where she was I'd be giving her a call for sure.

Almost Canadian

I agree that it sounds great but there is a but which is... Would purchasers' realtors show her properties to their clients knowing full well that they (the realtors) will be taking a huge hit on their commissions?

Edit - Having just reviewed her website, it appears that the purchasers' realtor still get the "normal" amount of commission, it is only Sam's commission that is reduced. So whilst it is true that Sam will charge the figures referred to above, the vendor will have to pay additional commissions to the purchasers' realtor. I am sure that Sam will corrrect me if I am wrong.

Sam-in-Okotoks

Now I see where this is going, my fee for selling is a fixed rate I don't charge the traditional commission on my part of the sale. However we still have to offer the other side 3 1/2 on the first 100,000 and 1 1/2 on the remainder. As I said before there is a calculator on my site that clearly breaks down my fee structure. www.callrhino.com/cmcalc.asp
Hope this clears it up.
Sam

Sam-in-Okotoks

Thank you Alan

Butch Cassidy

OK, the majority of people seem to have a problem with how much realtors charge.

How many of you complaining about the fee structure actually work for less than the market rate within your occupation?

iaink

Im guessing that probably around half work for less than the average for their occupation...

Butch Cassidy

I didnt say average, I said MARKET.

Alan2005

I think it's more the disparity between what they change vs what they appear to do.

Alan2005

Well - how would you calculate the market price. You could say it was the average or you could say that everyone is working for the market price (as they agreed to do the work for the amount on the open market)

Butch Cassidy

You mean like Accountants? Lawyers? Dentists? Doctors (GPs I'm refering to here)?

Almost Canadian

That's an unfair question as they are a closed shop (as is my profession).

The question should be: Are you prepared to pay their rates?

Alan2005

I wasn't making a judgement (I'm done with that and don't need to go over it again), just giving a reason

Almost Canadian

People regularly complain about their rates as well