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Updated almost 7 years ago on . Most recent reply
Giving part of commission to buyer..?
Redfin gives a portion of their commission back to their customers (Buyers). Could a regular referral agent do the same? Or would I have to be a brokerage?
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#5 All Forums Contributor
- Real Estate Broker
- Cleveland Dayton Cincinnati Toledo Columbus & Akron, OH
Originally posted by @Brandon Stewart:
Redfin gives a portion of their commission back to their customers (Buyers). Could a regular referral agent do the same? Or would I have to be a brokerage?
You don't want to compete like that. You will only attract the worst penny pinching buyers out there who will never respect you or your time. Spend the additional time & money you would be spending on driving around cheapo buyers who will be getting part of your commission on your marketing & continuing education to attract better clientele. In the long run you will make so much more money & do so on your own terms.