Manu,
Of significance in your question is "charge a fee to the buyer OR buyer’s agent etc"
This predatory practice is coming from all directions.
Last week BAnk of America imposed a $91,000 cash contribution from the BUYER, to proceed with the file. That's NINETY ONE THOUSAND DOLLARS!
Agents in the Tampabay area have/can charge the buyer agent any fee (typically 200 to $500) as an advertising fee identified as the MLS Fee. Brokers have been religiously feathering their nest with transaction fees that provide no value and will be taken out of the agents commission UNLESS the can pass the fee to the buyer or seller. Let's not overlook the predatory nature of brokerage referral fees, relocation referral fees, franchise skimming and onerous splits. It's a very hostile environment with a voracious appetite.
Such precedence, being well established, can only mean the banks, brokers, assent managers, PMIs, and investors and all other parties will continue to defer or transfer their expenses to the last one in line, the real estate professional.
We have reached a unsustainable situation that if these fees are not pushed to the consumer, we will indeed be working for free. Unfortunately, the face of the real estate agent is the ONLY one seen by the buyer or seller. The devils remain hidden and still out of jail.
What are you seeing in Queens?... more
It is very challenging to work with short sales & some times take more than one year.
But now the banks hv started to move very quickely.
Let me know if Maxsell Realty could be of any help to you, only for Queens.
Thanks,
347-753-0400... more
I would be happy to help them as long as loyalty exists--the last thing I want to do is be a taxi driver and get nowhere fast; I am an Associate Broker and CBR; know Queens well and will guide them to excellent mortgage brokers and let's not forget great attorneys.
Anna
abrocco@laffey.com
917-576-5376... more
If there's a common database I don't know about. I work out in Suffolk County and I look mostly in the local papers, Our Town, Pennysaver, Yankee Trader, etc. Craig's List is also a good source. I would imagine Newsday, NYPost, etc.... more
Prop Mgt referral networkWe're property managers looking to partner with agents/brokers interested in referring clients for prop mgt. Please email me directly at tan@dynamaxrealty.com if you have investor clients