Q: What would be my typical commission savings if I list with the Jesse Lane Realty Team?
A: Click here for a table showing typical commission savings: Typical savings table.
Q: What is a “Pricing Strategy Advisor”?
A: A Pricing Strategy Advisor (PSA) is a certification issued by the National Association of Realtors that a Realtor member is a specialist in pricing properties, creating CMAs, working with appraisers, and guiding clients through the anxieties and misperceptions they often have about home values. [CMA stands for Comparative Market Analysis.]
Q: How is it that your realty team can offer such low commissions?
A: Our realty team takes full advantage of all the latest software to streamline our business activities. Our seller clients must still offer buyer agents a commission via the MLS to entice those agents to show the property, however we let our seller clients make the decision regarding how much to offer buyer agents.
Q: Do you carry Error and Omission (E&O) Insurance?
A: Our realty team pays a per-transaction fee for E&O coverage. However, it’s notable that the our realty team has never been named in a lawsuit (nor has our team leader). We believe in the old adage “An ounce of prevention is worth a ton of cure!“
Q: What Bay Area counties does your company serve?
A: Our realty team can list properties in any county that borders the bay: San Francisco, Marin, Solano, Contra Costa, Alameda, Santa Clara, and San Mateo counties. Our currently advertised commission to our office applies for those counties. If your property is beyond this area, give us a call to see if we can help in some other way to save you sale commission dollars.
Q: You mention that some properties may not qualify for the advertised commission rate. Could you be more specific?
A: Commercial properties would not qualify for the our team’s advertised commission-to-our-office but our team leader, Jesse Lane is a commercial real estate broker. Contact him for further information about listing your commercial real estate property. Residential properties include single family homes and 2 to 4-unit apartment buildings. If your property falls into the residential category, contact us to make sure it will qualify for the advertised commission-to our-office rate. In the unlikely event it does not qualify, we can still save you considerable sale commission dollars.
Q: What happens if a buyer unrepresented by an agent makes an offer (or I find my own buyer)?
A: Dual representation is legal in California. Our realty team would need to assist that unrepresented buyer. Our realty team’s office would then earn the commission offered by the seller in the MLS for buyer agents (in addition to the advertised listing-side commission to our realty team’s office). Still, it may be best for all concerned parties for the buyer to obtain their own agent. Either way, the total commission paid at close is the same as documented in the listing agreement, i.e. the advertised commission to our realty team’s office plus the seller’s advertised MLS commission to the buyer’s agent.