3. Realtors’ Commission Issues
The most important step, if you want to sell to the foreign buyers through the foreign realtors, is to make sure you are open and convincing about how you are going to pay their commissions. By the end of the day any realtor in any country works for making a profit (the more the better) and providing for their own family, not to just be nice and pleasing for you or your buyer. The author knows first-hand what kind of problems the buyer’s Russian realtors encounter in their work selling international properties to Russian buyers. Their first and foremost concern is to receive their chunk of international sales commissions in full and on time. There are no regulations on the commission size and no rules on sharing real estate commission in Russia at all. Each real estate company and each realtor choose from the offers they receive from various countries just those that are more profitable for them. Of course, the size of the commission matters for realtors a lot. The usual size of commissions that the Russian realtors get from the international sales can be from 2% to 15% and depends on the country, market segment and property’s price. The lowest commission level percentage-wise is for luxury properties, the highest percentage number is …show more content…
To avoid the difficulties and failures a Russian realtor often gets into cooperation relations with a local realtor in the country where a Russian buyer goes to purchase a property and usually both realtors share the real estate commission
The most important step, if you want to sell to the foreign buyers through the foreign realtors, is to make sure you are open and convincing about how you are going to pay their commissions. By the end of the day any realtor in any country works for making a profit (the more the better) and providing for their own family, not to just be nice and pleasing for you or your buyer. The author knows first-hand what kind of problems the buyer’s Russian realtors encounter in their work selling international properties to Russian buyers. Their first and foremost concern is to receive their chunk of international sales commissions in full and on time. There are no regulations on the commission size and no rules on sharing real estate commission in Russia at all. Each real estate company and each realtor choose from the offers they receive from various countries just those that are more profitable for them. Of course, the size of the commission matters for realtors a lot. The usual size of commissions that the Russian realtors get from the international sales can be from 2% to 15% and depends on the country, market segment and property’s price. The lowest commission level percentage-wise is for luxury properties, the highest percentage number is …show more content…
To avoid the difficulties and failures a Russian realtor often gets into cooperation relations with a local realtor in the country where a Russian buyer goes to purchase a property and usually both realtors share the real estate commission