Real estate fee
| # | Post |
|---|---|
| 1 | When a real estate agent quotes their commission is it usually GST inclusive or exclusive? fxx99 - 2021-11-10 12:29:00 |
| 2 | They normally express it as excl. GST, but they have to specify that otherwise you have the right to assume it’s inclusive. sparkychap - 2021-11-10 13:26:00 |
| 3 | Depending on what you negotiated with the agency toyboy3 - 2021-11-10 13:26:00 |
| 4 | fxx99 wrote:
Whatever the quote says. It does not matter what usually happens, you should only be concerned with your contract of agency. Edited by johnston at 2:22 pm, Wed 10 Nov johnston - 2021-11-10 14:21:00 |
| 5 | agents love to mislead, in an act somewhere unless you are in trade you have to quote gst inclusive, agents like to decieve and makeout their commission, (not a fee), is less than it really is. To hook you in. gabbysnana - 2021-11-10 14:36:00 |
| 6 | OK I shall be asking a few more questions if I choose to entertain their services. fxx99 - 2021-11-10 14:41:00 |
| 7 | fxx99 wrote:
Whatever you think you have agreed to, make sure that it is recorded in the agency agreement. The agency agreement will likely trump any previous verbal agreement. johnston - 2021-11-10 14:46:00 |
| 8 | gabbysnana wrote:
I am guessing you must have had a bad experience with a real estate agent in the past and you are holding onto that bitterness. Not all are dodgy, most are very transparent and deceiving clients is not even an option for them - deceit benefits nobody. Most are in the business because they love their job. Don't let that get in the way of your old age rant though, you carry on. sellontrademe - 2021-11-10 18:31:00 |
| 9 | sellontrademe wrote:
Well spoken .The posters postings tell you more about the poster than they do about the real estate industry.. Sad very sad living with such a chip on your shoulders..I will include them in my prayers and pray that life gets better for them.. patriciamay1 - 2021-11-10 19:40:00 |
| 10 | If/when you sign up with an agent ...we have just done that ...the commission fee is right there ...and says excluding GST ...so before you sign you should have read and been aware of the fact ljayl - 2021-11-11 10:30:00 |
| 11 | ljayl wrote: fxx99 - 2021-11-11 11:42:00 |
| 12 | There is more protection these days as agents must state the dollar amount of their fee based on their appraisal estimated sale price.In the old days it was quoted as a percentage of the sale price usually 3.00%, most people did not do a calculation to work out the fee and often got a terrible fright when the agents invoice was received for payment.In later years as values rose the fee dropped down to 2.00% on the balance of the purchase price over $400,000. patriciamay1 - 2021-11-11 20:38:00 |
