[wandamarshall005]

What percentage do The Villages realtors receive from the Villages? Is their percentage based on the entire sales price of the home, including added cost for customization?

[petsetc]

Terms - The Villages real estate sales agents are licensed by the state of Florida, they are not Realtors which is a National organization designation of which they are not members.

New houses are sold exclusively by The Villages real estate sales agents. In the 7+ years I've owned here and have been reading this and other places, I do not ever recall seeing what the actual amount/% the agents receive but based on the recent lawsuit involving a "rogue" agent, I would guess it's a lot.

It is also typical that the commission is based on the final sales price which is the case of The Villages new construction is not negotiable.

FWIW

[asianthree]

Pools are not included in their percentage.

[FMF Doc]

Originally Posted by wandamarshall005

What percentage do The Villages realtors receive from the Villages? Is their percentage based on the entire sales price of the home, including added cost for customization?

https://www. **************. com/wp-content/uploads/2020/01/POV-sales-contract.pdf

[retiredguy123]

Originally Posted by petsetc

Terms - The Villages real estate sales agents are licensed by the state of Florida, they are not Realtors which is a National organization designation of which they are not members.

New houses are sold exclusively by The Villages real estate sales agents. In the 7+ years I've owned here and have been reading this and other places, I do not ever recall seeing what the actual amount/% the agents receive but based on the recent lawsuit involving a "rogue" agent, I would guess it's a lot.

It is also typical that the commission is based on the final sales price which is the case of The Villages new construction is not negotiable.

FWIW

Many of the Villages agents are experienced real estate agents, who were Realtors before working for The Villages. But, they cannot maintain their Realtor status because The Villages is not a member of the National Association of Realtors (NAR), a private organization.

[frose]

When I was looking village realtors were not sell homes, just lifestyles. There shouldn’t be a commission on lifestyle. The MLS agent I did eventually use was 5%.

[retiredguy123]

Whatever compensation The Villages pays to their agents is decided between The Villages and the agent. I would expect it to vary, based on the skill and experience of the agent. A highly experienced and competent agent is going to demand adequate compensation, or they will work somewhere else. When you buy a house, new or pre-owned, the commission is almost always paid by the seller.

[manaboutown]

Villages agents are incentivized to sell new homes. One told me of rides on the Morse Air Force private jets, dinners in the developer's private dining room and such. Most of us know that top performing sales people in many businesses get rewarded with trips to resorts, even European tours. Not that Villages agents receive trips to Europe...

[Dr Winston O Boogie jr]

The Villages agents get 1% of the sales price. I don’t have any information on upgrades. Aren’t they usually done by the owner after the sale?

[retiredguy123]

Originally Posted by Dr Winston O Boogie jr

The Villages agents get 1% of the sales price. I don’t have any information on upgrades. Aren’t they usually done by the owner after the sale?

The builder offers a lot of upgrades that can be completed before the closing and added to the closing price.

I had 4 ceiling fans installed.

[Kenswing]

Originally Posted by wandamarshall005

What percentage do The Villages realtors receive from the Villages? Is their percentage based on the entire sales price of the home, including added cost for customization?

Is that really any of your business? Do you tell people how much you make when they ask?

[Keefelane66]

Originally Posted by Kenswing

Is that really any of your business? Do you tell people how much you make when they ask?

The BEST ANSWER of the day!

[PJ_Smiley]

The Villages Real Estate Sale Agent commission schedule was released when the Developer sued the "rogue" agents.

On new homes, the agent gets 1.5% of the net income of sales price (less furniture, pool package, discounts, and closing costs). The % increases for the number of new homes sold by the agent: 1-19 = 1.5%, 20-25 = 1.75%, 26-31 = 2.0%, 32-37 = 2.25%, 38 up = 2.5%.

On resales: 1.5% sellers commission and 1.5% buyers commission, so if agent lists the home and sells the home, agent would get 3.0%. The agents pays a couple of minor fees.

The above is a few years old, so it may have changed.

[JMintzer]

Originally Posted by PJ_Smiley

The Villages Real Estate Sale Agent commission schedule was released when the Developer sued the "rogue" agents.

On new homes, the agent gets 1.5% of the net income of sales price (less furniture, pool package, discounts, and closing costs). The % increases for the number of new homes sold by the agent: 1-19 = 1.5%, 20-25 = 1.75%, 26-31 = 2.0%, 32-37 = 2.25%, 38 up = 2.5%.

On resales: 1.5% sellers commission and 1.5% buyers commission, so if agent lists the home and sells the home, agent would get 3.0%. The agents pays a couple of minor fees.

The above is a few years old, so it may have changed.

Those #s most certainly shoot down the claim that they "push new homes", as they can make MORE money on resales...

[jonathanb]

Ok I am a retired village real estate representative. The commission on new homes is less than you would make if you were an MLS agent selling homes. The difference is village real estate representatives work on volume. So you earn less per home but earn more per year because of volume of homes you sell. As for not being realtors. I was a realtor up north. It has zero to do with licensing and more to do with the status of belonging to an organization and receiving a designation.