Realtors who give back bonuses?

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Real Estate Agent with Clark Realty & Associates LLC

I bought my first house after being in 16 years in the military.  Luckily at the time my Realtor gave me his Realtors bonus so that I could lower the purchase price of the house to a figure that I was comfortable with.  At the time the bonus was only $3K.  2 years later I am a Realtor and now bounuses are up to $5K and luckily I can afford the same gesture to my clients.  Is there any other Realtors out there doing the same???????????????????????????????

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Rainmaker
1,049,440
Endre Barath, Jr.
Berkshire Hathaway HomeServices - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

Adan, what bonus? I am not familiar with this could you enlighten me. Thanks, Endre

August 28, 2008 02:13 AM #1
Rainmaker
1,108,139
Jim Frimmer
HomeSmart Realty West - San Diego, CA
Realtor & CDPE, Mission Valley specialist

Bonuses seem to be few and far between here in San Diego. I always pull the public records and MLS listing sheets before I go out to a property for any reason, and the highest bonus I have seen was $1,000 a few days ago.

August 28, 2008 02:14 AM #2
Rainer
156,480
Richard Foster
Nevada Perfect Homes - Green Valley, NV
Broker, ABR/M, CREN, CRS, GRI, RRG, SFR
I think it is good practice to at the very least disclose the bonus to the client AT THE TIME OF SHOWING... Most agents if they disclose it at all do it after the deal is set. I think that the information tells the buyer how motivated the seller is and that gives them an advantage. As for the crediting it, I have done it both ways. Sometimes the lender will freak if there is a high bonus and I have no problem at killing the bonus (assuming the COOP is fair) to make the deal work. I will give it to the client if I think it is the right thing to do. My issue is when the client reaches into my pocket without me offering, THAT I HAVE AN ISSUE WITH!!! Good, ethics, come work in Las Vegas, I will hire you!!! Richard PS... We are seeing bonuses above $10,000 sometimes and COOPS that are double the average (no Sherman Anti Trust comment). I think outrageous COOPS should be dealt with too... I make the seller discount the purchase price AFTER reaching a executed contract in those cases.
August 28, 2008 02:40 AM #3
Rainmaker
395,814
Cameron Novak
The Homefinding Center - Corona, CA
Featured Corona Real Estate Agent Team

Here's another case of an agent not demonstrating that he/she is earning the entire commission for their services.

 

August 28, 2008 04:44 AM #4
Rainer
120,285
Carol Swain
Keller Williams Real Estate - Langhorne, PA
Realtor, -www.swainsells.com- Bucks County, Pa

We do not see any bonuses in my market.  Very, very rarely have I seen anything like that.

August 28, 2008 04:50 AM #5
Rainer
36,656
Adan Aguillon
Clark Realty & Associates LLC - San Antonio, TX

Endre,

   Thanks for your question, I should of clarified that these bonuses are on new home sales, and in Texas, or at least the San Antonio area. 

August 28, 2008 06:14 AM #6
Rainmaker
1,049,440
Endre Barath, Jr.
Berkshire Hathaway HomeServices - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

Hi Adan, Thank you .Now I understand, I agree if you can get a bonus and you are in a position to give back, why not, that money will come back many fold, referrals, repeat client etc. What I do is from every commission I give to Charities. (mine happens to be animal causes) if a client comes from these Rescue organisations, then I give 20-25% back to that Rescue organisation depending on the year, if not I still give to those charities.

August 28, 2008 07:53 PM #7
Rainmaker
254,704
Robin Rogers
Robin Rogers, Silverbridge Realty, San Antonio, Texas - San Antonio, TX
ABR, CRS - Real Estate Broker & Investment Adviser

Hi, Adan:

Yes, I've done that a couple of times. Once, to help out my agent to make her deal work--the buyer brought it up and insisted on it. The other time I volunteered it because otherwise my clients would not have been able to have the changes done that they needed in order for their parents to live with them. That time it felt a lot better!

Cheers,

Robin

February 14, 2010 09:14 AM #8
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Rainer
36,656

Adan Aguillon

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