Do the real estate agents have their own painting company they rely on, or like do they recommend to the homeowner a painting company? and does this happen alot where there's a house to for sell, but the house needs to be painted and the agents tell the homeowner to get it painted? sry if it isnt clear
In my area, it is illegal for a real estate agent to accept any sort of 'kickback' for recommendation of a specific service without full disclosure of same to the client involved. That may not be the case everywhere, however. I do keep lists of reputable and honest contractors for these types of services and will give them to a client upon request. However, I never recommend one specific contractor from the list. Clients are encouraged to shop around anyway, so that the selected contractor is one with which they feel comfortable.
Good real estate agents have a network of people and companies for all needs that may be related to the buying and selling of real estate. It does amaze me, however, how many people either do not know, or do not care, about the rules, regulations or laws governing their industry. Aside from any State laws that may be in play, it is a violation of Federal Law to pay or receive kickbacks, or to participate in fee splitting. (RESPA section 8). (example of fee splitting: Inspector charges $150 gives referral source ANYTHING OF VALUE/ but most commonly $$)
Good agents will always have a network of agencies to call upon. They may just refer business in hopes of getting referrals back or in my case we exchange referral info for 10% of the final bill. Inspection: $125...I get $12.50 Apprisal: $350...I get $35.00 Movers: $4000...I get $400.00 Proofing a home against instects: $1200...I get $120 I sell one of their recommended properties...My commision would be between $1750 and $3500 depending on the terms of the sale per $100,000 so I would pay my network agent...$175 to $350 for the lead. Hope this answers you question...11 years in the business.
Well it seems as though your asking if the real estate agent and the paint guy are friends.What happens is called networking since the real estate agent is always around some houses that needs painting he has a guy that does it cheap because of the bulk of work. Same as a real estate agent would keep a mortgage broker on speed dial incase his customer needs a loan.Hope it Helps
Attend open residences. Also, select up the nearby truly property books that they supply out totally free. Find a couple of residences you favor and contact the directory agent and ask to look the condominium. That will supply you a danger to fulfill a couple of nearby dealers and spot if there may be any individual you mesh good with. We used Remax with our final acquire/and promote. However, I could now not base my selection on a exact corporation identify....every realtor is distinctive and designated. Try to stay with a corporation that has a extra good recognized identify (none of the ones discounted expenditures areas or tiny organizations) so you already know you're getting essentially the most correct expertise feasible. If feasible, it could be best if the agent used to be virtually your age, in order that they are able to relate to why you're watching for specific points or areas, and will higher foresee different houses that can be superb for you that probably you're overlooking as being moderately unfamiliar with the discipline. Good good fortune! Look at a number of residences earlier than making any presents!
