ISO Bellevue, WA realtor that gives commission kickback

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LVOf37

New

LVOf37
Jan 2, 2021 5 Comments

My family will be looking for a home around Bellevue or Seattle, WA in 2021 and need to find a realtor. Who gives kickbacks in commission? I was thinking of Shop Prop but not sure how experienced they are since I haven’t heard much about them. Is it standard to negotiate with realtors now about commission? We’re looking in the 1M+ range so seems reasonable for us to get a kickback.

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  • You need a buyer’s agent who is engaged with you and have full fiduciary duty towards you. If you think all a Realtor does is fill out some paperwork, then you’re living in lala land. There are so many liability issues that an agent protects you from and problems in the house that their expertise is critical for your good future in the home. As an agent, I can give you $5000 kickback but then tell you competition is really high and you need to bid $50k higher for the home. Where is the cost saving? Don’t deny them their fair income, you wouldn’t give your management at Microsoft a discount, would you? Sometimes agents have agreements with Relocations companies ahead of time and that’s an appropriate rebate.
    Jan 2, 2021 1
    • Facebook
      FANG4EVER

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      FANG4EVER
      Having bought a house with a regular realtor, with a Redfin realtor, and with no realtor at all on either side I can say with a high degree of confidence that realtors are scammers who have created a monopoly on the market and absolutely do not deserve anything close to what they take from the transaction.

      Sellers agents do some significant work. Buyers agents should be paid a nominal fee for their part filling in the offer paperwork if you use them at all. Filling in offer paperwork is their only real job in a day and age where people look for and find the house they want on their own anyway.

      All the real paperwork is done by the closing company for a fixed fee. It is immensely more complicated than anything a buyers agent does and they don’t try to take 3% of the house price to do it.
      Jan 2, 2021
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    FANG4EVER

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    FANG4EVER
    Always use Redfin to buy. The buyers agent does nothing but fill in some forms for you, and if the MLS cartel wasn’t making it impossible you could just do it yourself. All the important paperwork is handled by the closing company anyway.

    Selling is different, there’s a lot of stuff realtors can do to prep/stage/market your house and you want a realtor you trust and are confident will get you the most money they can.
    Jan 2, 2021 1
    • Does Redfin give enough kickback. I am buying a new house and I didn’t have a realtor. The builder said I don’t need a realtor but if I have one they can give a kickback from their 3% commission. I asked them. If they can give that 3% to me directly. They said no.
      Jan 2, 2021
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    Hzoh41

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    Hzoh41
    Redfin does
    Jan 2, 2021 0