My buyer wants to sell their $700k home and build an 8000 sq ft home. Do builders honor our commission if they are private builders coming from out of state? Any tips on getting paid from the builder

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Elizabeth Murphree, Helping Baby Boomers Boom in Northern Virginia! (Elizabeth Murphree @ Ikon Realty of Ashburn 5)

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Rainmaker
1,713,576

Joe Pryor

The Virtual Real Estate Team - Oklahoma City, OK

REALTOR® - Oklahoma Investment Properties

Reserve your buyer and have them sign a compensation agreement.

Oct 25, 2016 01:26 AM

Upvote

4

Ryan Huggins - Thousan...

Thousand Oaks, CA
Elizabeth Murphree

Fairfax, VA
Michael Setunsky

Woodbridge, VA
Les & Sarah Oswald

Eastvale, CA

Rainmaker
3,986,423

William Feela

WHISPERING PINES REALTY - North Branch, MN

Realtor, Whispering Pines Realty 651-674-5999 No.

It is called a written contract. If the builder does not want to pay a commission then find a new builder.

Oct 25, 2016 08:58 AM

Upvote

2

Fred Griffin Florida R...

Tallahassee, FL
Elizabeth Murphree

Fairfax, VA

Rainmaker
1,466,257

Michael Setunsky

Woodbridge, VA

Your Commercial Real Estate Link to Northern VA

Elizabeth Murphree Have an agreement in writing prior to bringing the buyer.

Oct 25, 2016 03:46 AM

Upvote

2

Fred Griffin Florida R...

Tallahassee, FL
Elizabeth Murphree

Fairfax, VA

Rainmaker
2,234,761

Debbie Laity

CinaJones Real Estate - Cedaredge, CO

Your Real Estate Resource for Delta County

I don't work with new construction, so I can't offer any suggestions, but there are some great answers here.

Oct 25, 2016 09:54 AM

Upvote

1

Elizabeth Murphree

Fairfax, VA

Rainmaker
4,800,282

Gabe Sanders

Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL

Stuart Florida Real Estate

It will depend on the individual builder to see if he offers a commission. Nothing to honor as it's his product and his call.

Oct 25, 2016 07:50 AM

Upvote

1

Elizabeth Murphree

Fairfax, VA

Rainmaker
749,905

Lynnea Miller

Bend Premier Real Estate - Bend, OR

Premier Real Estate Service in Central Oregon

My husband is a builder and he does pay for a referral from an agent. Many others in our market don't. So much depends on you getting knowledge from the builder prior to sitting down with him/her and your clients.

Oct 25, 2016 06:04 AM

Upvote

1

Elizabeth Murphree

Fairfax, VA

Rainmaker
2,829,128

Richie Alan Naggar

people first...then business Ran Right Realty - Riverside, CA

agent & author

First try to understand the risks involved for the other person. Then, sell what you bring to the party. If it makes sense, you join the win in play

Oct 25, 2016 02:44 AM

Upvote

1

Elizabeth Murphree

Fairfax, VA

Rainmaker
864,708

Les & Sarah Oswald

Realty One Group - Eastvale, CA

Broker, Realtor and Investor

Everything is negotiable. Ask for the name of reputable builders and call them to see if there is a win win situation for both of you.

Oct 25, 2016 02:36 AM

Upvote

1

Elizabeth Murphree

Fairfax, VA

Rainmaker
4,434,227

Gita Bantwal

RE/MAX Centre Realtors - Warwick, PA

REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

Checks state laws and is builder licensed ? So you refer .

Oct 25, 2016 02:22 AM

Upvote

1

Elizabeth Murphree

Fairfax, VA

Rainmaker
5,964,200

Joan Cox

House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO

Denver Real Estate - Selling One Home at a Time

I have had two custom buyers go with a builder that did not offer compensation.

Oct 26, 2016 06:31 AM

Upvote

Rainmaker
1,530,744

Ryan Huggins - Thousand Oaks, CA

https://HugginsHomes.com - Thousand Oaks, CA

Residential Real Estate and Investment Properties

Get them to sign a commission agreement before the buyer ever talks to them. Once that buyer makes the initial call, you're screwed.

Oct 26, 2016 03:39 AM

Upvote

Rainmaker
1,004,418

Jennifer Mackay

Counts Real Estate Group, Inc. - Panama City, FL

Your Bay County Florida Realtor 850.774.6582

Get it writing and protect yourself

Oct 25, 2016 11:05 PM

Upvote

Rainmaker
1,157,841

FN LN

Toronto, ON

Have an agreement with a reputable builder.

Oct 25, 2016 09:53 PM

Upvote

Rainmaker
4,273,325

Paul S. Henderson, REALTOR®, CRS

Fathom Realty Washington LLC - Tacoma, WA

South Puget Sound Washington Agent/Broker!

Get a Buyer Broker Agreement.

Oct 25, 2016 01:57 PM

Upvote

Rainmaker
1,618,024

Harry F. D'Elia III

WEDO Real Estate and Beyond, LLC - Phoenix, AZ

Investor , Mentor, GRI, Radio, CIPS, REOs, ABR

We always get it in writing

Oct 25, 2016 01:08 PM

Upvote

Ambassador
2,699,727

Fred Griffin Florida Real Estate

Fred Griffin Real Estate - Tallahassee, FL

Licensed Florida Real Estate Broker

Have your buyers sign a commission agreement, have the builder sign a commission agreement. If you don't have it in writing, you may get squeezed out of the deal.

Oct 25, 2016 12:55 PM

Upvote

Rainmaker
3,988,138

Debbie Reynolds, C21 Platinum Properties

Platinum Properties- (931)771-9070 - Clarksville, TN

The Dedicated Clarksville TN Realtor-(931)320-6730

Get an exclusive client agreement to protect your relationship with that buyer.

Oct 25, 2016 12:45 PM

Upvote

Rainmaker
5,217,920

Dorie Dillard Austin TX

Coldwell Banker Realty ~ 512.750.6899 - Austin, TX

NW Austin ~ Canyon Creek and Spicewood/Balcones

Absolutely! Call them and register your buyer and sign an agreement or commission.

Oct 25, 2016 12:05 PM

Upvote

Rainmaker
1,258,233

Sam Shueh

(408) 425-1601 - San Jose, CA

mba, cdpe, reopro, pe

Most contractors here are busy. Lots of flips on high end. You need to call several reputable builders asking them if they will provide referral fee. The trouble is for a 8000 sf home buyer wants to find their own builder. In our area that is a 1.6M construction. Elsewhere it is 1 Mil. You are better off getting them a construction loan and find them a realtor selling land.....

Oct 25, 2016 02:31 AM

Upvote

Rainmaker
5,773,924

Ron and Alexandra Seigel

Napa Consultants - Carpinteria, CA

Luxury Real Estate Branding, Marketing & Strategy

Elizabeth,

Did your client buy the land already?

Oct 25, 2016 01:58 AM

Upvote

Rainmaker
5,065,806

Richard Weeks

Dallas, TX

REALTOR®, Broker

You don't get what you deserve, you get what you negotiate. Talk to the builders about registering your client and what they will pay you. Get it in writing.

Oct 25, 2016 01:50 AM

Upvote

Rainer
39,867

Elizabeth Murphree

Elizabeth Murphree @ Ikon Realty of Ashburn 5 - Fairfax, VA

Helping Baby Boomers Boom in Northern Virginia!

Thank you. I appreciate that as it is new to me.

Oct 25, 2016 01:33 AM

Upvote

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Reserve your buyer and have them sign a compensation agreement.
It is called a written contract. If the builder does not want to pay a commission then find a new builder.
Elizabeth Murphree Have an agreement in writing prior to bringing the buyer.
I don't work with new construction, so I can't offer any suggestions, but there are some great answers here.
It will depend on the individual builder to see if he offers a commission. Nothing to honor as it's his product and his call.
My husband is a builder and he does pay for a referral from an agent. Many others in our market don't. So much depends on you getting knowledge from the builder prior to sitting down with him/her and your clients.
First try to understand the risks involved for the other person. Then, sell what you bring to the party. If it makes sense, you join the win in play
Everything is negotiable. Ask for the name of reputable builders and call them to see if there is a win win situation for both of you.
I have had two custom buyers go with a builder that did not offer compensation.
Get them to sign a commission agreement before the buyer ever talks to them. Once that buyer makes the initial call, you're screwed.
Have your buyers sign a commission agreement, have the builder sign a commission agreement. If you don't have it in writing, you may get squeezed out of the deal.
Get an exclusive client agreement to protect your relationship with that buyer.
Absolutely! Call them and register your buyer and sign an agreement or commission.
Most contractors here are busy. Lots of flips on high end. You need to call several reputable builders asking them if they will provide referral fee. The trouble is for a 8000 sf home buyer wants to find their own builder. In our area that is a 1.6M construction. Elsewhere it is 1 Mil. You are better off getting them a construction loan and find them a realtor selling land.....
You don't get what you deserve, you get what you negotiate. Talk to the builders about registering your client and what they will pay you. Get it in writing.