• Real Estate's Unspoken Rules of Referral Fees and Commission Battles

  • Mar 21 2024
  • Length: 51 mins
  • Podcast

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Real Estate's Unspoken Rules of Referral Fees and Commission Battles

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  • Summary

  • Ever feel like there's something more to those "free" real estate platforms? We're revealing the truth behind agent referral systems and the hidden costs they bury. In this episode, journey with us as we question the standard commission rates, challenge the lack of transparency in the referral process, and share our own practice of recommending agents without expecting a fee. We also take a critical look at how large platforms track transactions and the resulting squeeze on commission negotiations, inviting you to consider how much of your money really goes into the service you receive.

    Charles Boon, a Colorado broker with as much expertise in real estate as he has tattoos of homes sold on his arm, joins us to dissect the impact of referral platforms on your wallet and property negotiations.

    As a special bonus, and because there is no way to avoid talking about, we also discuss the NAR proposed settlement and how it might impact these referral platforms, but also how it's currently making everyone lose their mind.

    State laws and regulations may vary.

    Have a story you would like to share with other sellers or buyers?
    Hit us up here.
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