1. If the commission is waived by the agent, we request that the minimum commission is the broker fees plus $1,000. The minimum commission amount may be used to cover Broker fees and expenses in the event the transaction is abandoned or the Broker must
complete it. Broker fees are based on a minimum agency commission of 2.5% per side.
2. A standard transaction is when an agent represents a buyer or a seller who is not a direct relative. An additional $50 per $100,000 price increment over $1 Million will be added to the broker fee.
3. $50 minimum (whichever is higher). Fees also apply to transactions for relatives/friends and when the commission is waived. If the commission is waived by the agent, the fee is calculated as 10% of one month's rent.
4. In-House applies to referring client(s) to another Associate-Licensee within the Expert Realty Pro. Outside Broker/Agent (not within the Expert Realty Pro) includes out-of-state transactions. Minimum broker fee is $75.00
5. Agent-owned property sales and dual transactions are carefully scrutinized in order to protect the interests of the clients, agents, and the brokerage. Approximately 80% of legal issues in the real estate industry are believed to be related to these types of transactions. If high risk fees are lower than standard fees; then standard fees will apply.
- Listing Associate-Licensee Owned Property (AOP) or Direct Relative Owned Property (DROP) applies when title is held by: agent, their company, trust name =AOP or family member = DROP.
- Dual agency is when both the buyer and seller are represented by the same agent or two Expert Realty Pro agents.
- If Dual Agency and Listing Associate-Licensee Owned Property (AOP) or Direct Relative Owned Property (DROP) apply in the same transaction then the brokerage fee will be 30% of the total commission.
6. An additional $13.50 per $100,000 price increment over $1 Million of the Final Sales Price will be added. This fee is not charged on Referral, Rental, or Loans transactions.
7. Payment processing fee is charged per check issued by the Expert Realty Pro.