Welcome
General questions
You’ve all hear the stories from someone you know with a relative or family friend who is a real estate agent, and who could waive most or all of their commission to result in an amazing deal! Sometimes the owners and the buyers even get kickbacks from the brokers. These things happens all the time, every day….Well, not all of us have a relative or friend in the biz! However, why can’t we take advantage of the same benefit from broker’s who have incentive to lower their rates to make deals happen for us. Now we can!
This site allows real estate brokers to underbid one another to sell homes, creating higher volume of sales).
No, actually it gives them more advantages? It allows them to connect with potential buyers in a way they never could otherwise, seeing exactly which property interests them. Once a broker is in touch with an agent, they can still show another property to the potential buyer at full commission. It helps new brokers starting off without yet a built in network the ability to decrease their commission slightly in the name of fostering new business, networking, and making higher volume sales, and therefore opportunities to get multiple high client reviews.
The seller brokers underbid each other for a lower commission which is a kickback. Essentially Abodacity pays the property owner to sell. If the seller’s broker successfully sells the house, he/she will contractually give the owner a kickback when the sale is complete. This kickback may be substantial (thousands to tens of thousands) depending on the particular case! Just remember, “it literally pays to sell”.You are getting essentially getting paid to sell property. Also, Abodacity helps the owner choose between multiple agents actively and genuinely expressing interest in helping to sell the property, and by being able to weight the different broker’s credential and reviews.
The buyer’s brokers underbid each other for a lower commission which is a kickback. Essentially Abodacity pays the property buyer to sell. If the buyer’s broker successfully sells the house, he/she will contractually give the buyer a kickback when the sale is complete. This kickback may be substantial (thousands to tens of thousands) depending on the particular case! Just remember, “it literally pays to buy”. You are getting essentially getting paid to buy property. Also, Abodacity helps the buyer choose between multiple agents actively and genuinely expressing interest in helping to sell the property, and by being able to weight the different broker’s credential and reviews. Finally, because the owner pays the buyer’s broker’s fee, selecting a buyer’s broker who is accepting a lower commission means that you appear to the owner as a more attractive buyer and he/she is more likely to sell to you!
No, it’s just like signing up with a broker off the site. The contract can be broker with written notice. Two caveats. If you are a buyer who see a property with one broker, it is not right to buy the property with another broker. There are rules in real-estate against that and it just creates a headache, so please honor the agent who showed you the property initially by purchasing it through him/her. The other caveat is, If you are an owner who is not happy with your seller’s broker (i.e. the property has been on the market for a long time and you think another broker could better help you sell it), I would amicably discuss this with the initial seller’s broker because if they have already put a lot of work into selling your property, it would not be fair if you changed seller’s brokers and the property were sold immediately as a result of all the work of the initial broker.
Well, that’s technically a breach of contract. So that can be a basis for legal action, as well as for bad reviewes to that broker.
Many possible reasons. First, there are some really successful older real-estate agents who have made their network of contacts through good old fashioned networking and with a plethora of loyal clients and referrals. They had no need for a networking site like this, plus the older ones might not have been hip to online networking platforms. Of course, the rest of the real estate agents could certainly benefit from a site like this where new connthose agents took and the more successful Old school realators....replace their relationships
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