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I plan to list a home for sale, do I have to agree to pay the desk fee to list the home? thanks

Sellers Costs:  As sellers are we required to pay the agent's rental fee for use of the office?  Thanks
  • September 09 2010 - Baltimore
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Answers (15)

Agents are independent contractors we have the right to charge whatever we feel is reasonable for our services there is no set rate that agents charge period. That being said the agent should present you a complete list of any and all charges fees and expenses prior to the transaction. This way they are under complete disclosure and have transparency.If they told you after the fact then it's an add on fee and you are dealing with someone who's ethics are questionable at best. If you feel you are being treated unfairly speak to the agents Manager, or Broker, or both. If that brings no satisfaction speak to the licensing governing body of your state they may be able to resolve this issue. In short any fee's you are responsible for should be in writing prior to the sale.
  • December 10 2012
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Legally you can only be charged a commission so whatever they charge you is just an additional commission and calling it something else is wrong and could bring trouble to the agent and the broker.
  • November 19 2010
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You're under no obligation to pay for anything you do not want to pay for, unless you previously agreed to pay for something in writing.
  • November 10 2010
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Desk fee?  Why would you ever pay a desk fee up front?  You should pay around 6%.  Some charge more, some charge less.  But you should NEVER pay a flat fee.  You're getting fleeced if you're paying out of your pocket before your home sells.  Are you physically inside your agent's office?  What is the justification of paying rent?  There's little doubt that you're dealing with an unconventional agent, and you should continue shopping around.  It goes without saying that we'd love the opportunity to impress you.

 

  • November 04 2010
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All sales have expenses what you pay when you sell is a commission regardless of what they call it.  Choosing the lowest commission agent sounds good in general; but read the small print and make sure you know who is paying the buying agent.

Also make sure that the agent is going to do a lot more than just list your property in the MLS with a few photos and place a sign in your yard.. 
  • November 04 2010
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I have never heard of a seller paying a desk fee. Our company does charge a $350.00 processing fee... but I always cover that for my clients.
  • November 02 2010
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We do no charge our Sellers any "desk fee" or "administrative fee."  We only charge our commission.
  • November 02 2010
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It's depends on your agreement.
  • November 02 2010
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Most RE firms in my area charge a administrative fee of some sort. Personally if i'm paying 6% commission I think thats enough. Yes the commission is split with the buyers agent and the real estate broker office gets a share of that so In indivual agent net fee may be as low as 1.5% in some cases. Now homes in my area go anywhere from $220 k to $500k and avove. So if homes in your area are selling in the low 100's paying a desk fee may make sense, no one should be expected to work for peanuts. Good luck on your sale.
  • November 02 2010
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Not all Brokers have desk fees.  The amount they charge is always negotiable.  Most flat fee MLS brokers do not have desk or administrative or "insert any other name here" kind of fee.  A Maryland seller just pays the fixed listing fee like $449 and then a buyer agent commission only if the buyer is involved with an agent.  The seller lists the amount of buyer agent commission on their multiple listing service MRIS listing, and that amount is deducted from the seller proceeds at closing.  If you would like an exact quote for Baltimore, email me.  Thank you and good luck on your real estate sale (or lease/rental).
  • September 10 2010
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The desk fee is negotiable just like all aspects of a real estate transaction. 
However, most brokers only charge a minimal administrative fee that is paid at closing as additional commission to the brokerage.  The administrative fee typically covers the cost of paperwork and keeping your records on file for a required period of time in case you need access to any paperwork signed throughout the transaction.  Many agents will waive this fee or allow it to be paid with a successful closing with no upfront costs to you.
  • September 09 2010
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In my office (which is part of the Warren Buffett) empire, the administrative fees ARE mandatory and HAVE to be paid.

If the client doesn't pay the fee, it's deducted from the agents commission.
  • September 09 2010
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Profile picture for sunnyview
If you don't understand the fee, ask your agent about it. Some offices have started to charge administrative fees beyond the commission itself. Generally, they are not fixed or mandatory and you can negotiate or eliminate them. Find out what the fee is for sure, ask questions and then decide if you think that it is reasonable to pay or not.
  • September 09 2010
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Your agent is paid on commission when the home is sold. In some rare cases an agent may want marketing money as part of the agreement.

The agent is typically an independent contractor and pays their expenses (desk fees, advertising costs, etc) from the commission that is made on the sale of the home. If they don't sell, they don't get paid.

There are some brokerages that charge an administrative fee for the sale of a home. However this is money that goes to the broker and not to the agent. Perhaps there is some misunderstanding about what fees are being charged.
  • September 09 2010
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I'm not sure I understand your question -- what is the desk fee or rental fee for use of the office?
Each agent may charge different commissions or fees. That is a discussion for you & your agent as to what your costs will be to sell your home with them as the listing agent.
Good luck!
Sincerely,
Marney Kirk
Keller Williams Excellence Realty
  • September 09 2010
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