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Doug Schrandt Real Estate "Buying a home can be trying for everyone concerned," Harris said. "While some problems are unavoidable, many problems can be resolved or avoided if the sales agent provides information, reassurance and support to the buyer."
Doug Schrandt Mortgage Market Moore offers traditional commission-based service - most agents charge 4 to 6 percent of a sale - but she is following the fees trend. ''I find that everyone I deal with wants full service,'' said Moore, an agent with Re/Max Premier Properties in Lexington. ''If they wanted something less I would have to look at it and see how it would fit into my business model.''
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Doug Schrandt Landscapes: This fledgling concept in the real estate business is based on the premise that agents would charge an hourly rate or a flat fee for the specific tasks they performed, instead of the traditional commission that's pegged to a percentage of the sales price.
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It boils down to the fact that “free” in any industry is an oxymoron. Each and every activity/service carries its own degree of overhead for running the enterprise including insurance, marketing, employees, etc. In fact, one of the most abused services is the amount of supposed “free” services squandered by real estate salespeople. Until each one of us determines what an hour of our time is worth and be willing to write a check for every hour spent (for most of us it’s between $75 and $200+ per hour), we will misguidedly attempt to compete with “free”. As seen in previous recessions, many real estate people are forced to leave the business not solely due to a lack of sales, but from the sheer cost and mismanagement of “free”.
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Doug Schrandt Housing trends: Brokers, including discount or flat-fee brokers, also are well-versed in state and local laws. For example, Ms. Garton-Good says, 32 states require seller-disclosure agreements to alert homebuyers to any problems or other issues with a property for sale. If a deal is signed between two parties who are both unaware of the requirement, serious problems can crop up.
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"Much of our business today comes from referral service - people who have used our service and are very pleased with it."
Lawrence E. Marshall II, an attorney with LeClair Ryan who is general counsel to the Virginia Association of Realtors, reported that there is no legal obstacle for Garton-Good to clear. "The legal framework is there," for fee-per-service models, he said, explaining that either a commission or a fee is "purely a matter of contract between the parties."
Doug Schrandt Low Mortgage Rates Otherwise, you can opt to find a real estate consultant on your own, by searching the Internet, visiting the C-CREC Web site, or using old fashioned word-of-mouth.
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