Taken from Real Estate Mastermind facebook group

Written by Teresa Tedder Overcash

Last Updated: 24.09.2022

Reading: 0 Min.

I just had the most fun at a listing meeting I've ever had. After reading so many of the comments on here about % and fees I pulled an old car sales trick out of my hat. The meeting had gone very well and we had come to the money part. The seller say here we go, you guys make way to much money for what you do, I smiled and said really, well lets do this, I'll give you 3 options and you tell me what works for you. We are going to list your house for $224,911.00 if we get full price at my rate of 6% you would pay $13,494.66 of which $6747.33 goes to the other agent. Wow see what I mean. Ok so that's option 1, option 2 is a flat rate $12,500.00  of which $6,500 goes to the other broker. option 3 is I'll bill you hourly like a doctor, or attorney and present you an invoice at closing, the rate will be $160.00 an hour, and you would pay the other agent directly 3% of the sell price. How did you get $160.00 an hour, well my doctor charges $170.00 a visit, my lawyer charges me $260 and hour and financial advisors charge $160 an hour and although I'll be acting as your legal advisor, financial consultant and your therapist I didn't think you would go for $590.00 and hour. So which option works for you? We went with a % of the price.


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