My clients have saved over $1,000,000 in real estate commissions in just 3 years!
Buyers: click here to learn about the commission refunds that I pay to my clients.
Have you heard about commission rebates? Commission rebates are the only way that buyers can negotiate the amount of a buyer agent fee. Buyer agents typically collect the enormous commission that listing brokers are secretly offering to them through hidden fields in the MLS with no accounting for experience, expertise, or service. They all get paid the same. Most will not show you their fee agreement because they do not want you to try and negotiate a rebate. Even if you do see it, their agreements provide no way to negotiate a rebate. Because their payment system is so complicated and crooked, most buyer agents try to make it impossible for anyone to negotiate their fee. And there are rarely disclosures to the buyer as to how much the buyer agent is getting.
Because of their unfair payment system, the ONLY way to negotiate this fee is to negotiate a rebate. I take it one step further and refund the entire commission to my clients (less my legal fees). If you hire a Realtor to help you buy a $550,000 house, your buyer broker will likely collect $14,850 (2.7% of $550,000), and likely engage in dual agency, ask you to sign an anti-competitive and unfair fee agreement, subject you to a terrible arbitration agreement, charge you $500 or more in junk fees, steer you to a conflicted title firm and try to sell you a home warranty (one of the most complained about products on Angie’s List). If you hire me to help you buy a house, you get a lawyer that helps you in every way that Realtors do, plus you get a lawyer who only represents you. I collect that same $14,850 that a Realtor gets and refund the entire amount to you (less my legal fees). My typical legal fee for a transaction this size is $6,375. You get $8,475 back in this example. And unlike Realtors, I only get paid if the transaction closes.
Sellers: click here to learn about how I provide full service to sellers and save them thousands of dollars.
I will list your house on the MLS, Zillow, Trulia, Realtor.com, and all the broker sites and provide legal advice throughout the entire transaction. I use all the same automated scheduling and other services that Realtors use and I provide superior services to my Minnesota clients and save them money while protecting their interests up to or through closing. Plus, I do not charge junk fees and I NEVER subject my clients to dual agency – dual agency is illegal for lawyers (and it should be illegal for Realtors). Best of all, if you find the buyer, the only fee you pay is for my legal services (Realtors still charge you 6%). My clients get the windfall savings, not me.
My legal fees are on a contingency.
That means I only get paid if I succeed in collecting a buyer broker commission or if I am successful in selling your house. And my agreement can be cancelled – not true with Realtor fee agreements.
How is this possible? Because Realtors charge far too much. Why would you pay inflated and unfair real estate commissions when you can have a real estate attorney perform all the same services (plus provide legal counsel) for far less?
Don’t Get Ambushed
Most buyers find the house they want to buy without a Realtor but end up paying for one anyhow. “DIY” buyers are often the savviest buyers and often think that they can save money by dealing directly with the listing agent. Many buyers try to make their offer contingent upon the listing broker reducing their fee by the amount of the buyer broker fee. However, the typical Realtor’s listing contract entitles the seller’s Realtor to collect the full commission when DIY buyers are involved and they will argue that you have no right to interfere with their listing contract. Instead of saving money, most DIY buyers end up forfeiting their right to obtain their own representation and forfeiting their right to negotiate the buyer broker’s fee (they end up paying more and receive a lot less). Learn about this problem and what you can do about it by clicking on my blog post here. My service is designed to help consumers avoid these problems and get them the entire buyer brokerage fee.
Why Do I Give Away the Commission?
My clients tell me that I provide far more service than any Realtors do. I started this service because I have had too many clients unfairly forfeit enormous sums of money to Realtors. As a consumer protection attorney who has spent his career fighting corruption in residential real estate, it has been my goal to help clients change this practice one transaction at a time. I receive a fair fee for my legal services and it just happens to be far less than what Realtors are charging. Unlike Realtors, I do not just blindly accept the artificially inflated fees that their rigged system provides. I feel it is important to protect my clients’ interests, especially when it comes to forfeiting thousands of dollars at the closing table.
I have a flat fee schedule for home buyers and sellers. The fees vary depending upon the price of the home – I use a sliding scale for consumers who can’t afford my services. My fees typically work out to a bit over 1%.
The rewards on higher priced homes is even greater. As an example, if I help a buyer on a 2.5 million dollar home, the commission payable to me is likely going to be 2.7% ($67,500). My fee will be around $25,000 and my clients will receive a refund of around $42,000. I can not think of any good reason to pay a buyer broker sixty seven thousand dollars. Can you?
Another example; if I help a client sell a 3 million dollar home and we (either the seller or me) find a buyer who is not represented by a broker, the savings becomes absurd. A Realtor would likely collect $180,000 for doing very little work. In this example, my fee would be around $30,000 and my clients would save $150,000.
I help clients all over the Twin Cities market and beyond. Whether it be Excelsior, Eden Prairie, Lake Minnetonka, St. Paul, Arden Hills, Blaine, Stillwater or even St. Cloud, I can usually help. I have helped people from St. Cloud to Northfield to Stillwater.