Ross Wilson

Ross Wilson

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Let’s look at this controversial topic from a buyer agent’s perspective. When do you ask your buyers to sign a Buyer Representation Agreement (BRA)? When you meet for the first time?

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You should charge whatever fee you feel you’re worth. If you’re a highly experienced and competent senior agent, your full fee is certainly well warranted.

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To maintain industry viability, we may need a complete overhaul from the top down. All sorts of options may be available to handle this scenario in a mutually satisfactory manner. Here are a few to consider.

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In this third column in my series on the controversial topic of real estate fees, let’s talk about something that I suspect most agents fail to seriously consider when plying their trade – risk.

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A prospective seller asks you to lower your usual professional fee. How do you handle this increasingly common tactic? Do you charge the same rate as you normally offer to pay a co-operating brokerage, say half of the total rate?

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A client who is obsessed with the fee usually has little respect for you, your services or our profession. They should provide you with sufficient incentive to invest your time and effort on their behalf.

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You’ve invested your precious irreplaceable time, hopefully not in vain. Wouldn’t it be nice to know that you’ve succeeded in making a positive connection with your guests?

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I felt it important to address how to improve the odds of hosting a successful open house. After all, aren’t you investing your most precious and irreplaceable resource: Your time?

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Over the years, I’d occasionally drop into open houses held by my peers. Quite often I was appalled by the pandemonium and total lack of security.

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Why do you hold open houses? To appease a seller? To look busy? Because your seller demanded it? A homeowner may have to be convinced of the merits of opening their doors.