Re: Real Estate Info That May Help You Or A Family Member
It's different in NJ
If you receive a commission of any kind you MUST be licensed - period
#3 and #5 can land you in some very hot water.
The rest of it is the same.
Most listing brokers do NOTHING MORE then get the listing and put it into multiple. If you want more, for example, newspaper ads and mailings you must get it in writing as part of the exclusive that these things will be done. Make sure it's in detail, when, where and how often.
Personally I think the best option is to get it into multiple as cheaply as possible (see #1) and offer an extra 1/2 % to the selling broker. Incentive is a beautiful thing!
Also, something to consider, it doesn't matter who writes the commission check, the reality is that the buyer is always paying the commission - the fee is worked in as part of the price. Remember that when you're negotiating.
FWIW, I'm a NJ broker and own a real estate co. - strictly Industrial/Commercial/Office in the central part of the state.
"I just wanta play everyday despite small nagging injuries --
and go home to a woman who appreciates how full of crap I truly am"..... Crash Davis