Just trying to get an idea of what is out there for transaction fees. So...Do you use them? What do you call them? and How much?

__________________
Mike Taylor
Indianapolis Real Estate | Carmel Real Estate |My REW Blog

Currently I charge $495 for a transaction fee. I also make everybody on my team charge $495 as a minimum although if they want to charge more they get to keep the rest.

I simply call them a transaction fee. Fortunately the transaction fees I collect pay for a top notch full time assistant.

__________________
Yours in Continued Success!

Steve Didier

Real Estate Courses Online - Free Scripts & Prospecting Tools

Walking for Fitness and Health

The Freedom Blog!

I don't do transaction fees. 3% take it or leave it.

__________________
Darren Woodard
Myrtle Beach Condos
Myrtle Beach Real Estate
Carolina Forest Real Estate

I don't do transaction fees fees either. In fact it PO's me when I see some of these solo agents in my area charging X -300. They don't even have an assistant but yet they are charging a fee....whatever.
Like Darren said, here's your %...take it or leave it.

__________________
Jeff Hill
RE/MAX Property Source
6940 Villagreen View
Rockford, IL 61107
Direct 815-489-3401
Cell 815-315-2626
Rockford Real Estate
Rockford and Boone County Home Values

It ticks me off too when agents do that. What I am talking about is just charging the buyer or seller an additional fee.

__________________
Mike Taylor
Indianapolis Real Estate | Carmel Real Estate |My REW Blog

Our office charges $129 for the listing side for storage/processing of the documents for the years that they are required to keep them after a closing.

Some persons mark up the costs so they get additional "profit".

I just charge the straight cost and get 2 checks from closing to turn into the office. One for the commission, and one for the $129.

__________________
Jennifer Karlen & Jon Karlen
Kentucky Horse Farms - Louisville Kentucky Real Estate - Lexington Kentucky Real Estate
Serving the Louisville KY metropolitan area including Jefferson County - Prospect Shelby County - Shelbyville Oldham County - Goshen, La Grange and the Lexington KY metropolitan area including Fayette County - Lexington Woodford County - Versailles Scott County - Georgetown Jessamine County - Nicholasville

We charge $197 to the buyer sides for transaction managememt, we do have a transaction coordinator that keeps track of the dates/information/inspections ect ect.

__________________
Dave Kovaleski REALTOR
Pocono Pennsylvania Real Estate Agent
Pocono Real Estate
Pocono Homes
Lake Wallenpaupack Real Estate

Make it a clear point on your website that you do not charge these fees and enjoy the extra business.

__________________
Jason Painter
Broker | Owner | REALTOR®
PROGRAM Realty, LLC
Englewood Florida Real Estate | Boca Grande Real Estate | Port Charlotte Real Estate

I absorb the transaction fee myself, and it never shows up on the closing statement, only my office billing statements. To me, it is just a cost of doing business, and it is primarily to my benefit to have our licensed transaction managers dealing with the "administrivia". I stay involved and informed, but they handle 90% of the transaction coordination BS.

__________________
Ron Goodman, GRI, REALTOR®
Prudential Colorado Real Estate
Denver Colorado Real Estate: Highlands Ranch, Parker, Littleton, Castle Rock
Adwords for Real Estate: PPC Setup Services & Consulting

My company charges a $195 transaction fee, this pays for a document imaging that's kept on a secure network FOREVER.

We then tell the home owner, that most times this can reduce their homeowners insurance if we include pictures of the interior on move-in-day. Or the home owner can do it themselves. Most of the time, the insurance company will take off 5% per year off their insurance premium...It pays for itself!

__________________
http://www.realestatecircleville.com
My Blog!
Brandon E. Schlichter
HER Real Living
Circleville , Ohio740-571-1606