[retiredguy123]

Originally Posted by Dani & Bill

wrong

What is wrong?

[asianthree]

Originally Posted by retiredguy123

Did you file the complaint with the State of Florida or with the National Association of Realtors?

With the state, the association, and the agency realtor worked for. So all bases covered

[manaboutown]

Originally Posted by retiredguy123

Interesting, but I would have moved on after making one request. I don't see how they can stop you from looking at their pre-owned listings.

It was my first time to TV, a five day lifestyle visit. I spent most of my time driving around checking out the turf and meeting Villagers at restaurants and at the squares. It did surprise me that every time I checked in with him he just showed me another spec home. I had done a lot of research and wanted to look at existing homes in four villages near Sumter Landing. Oh well...

[MSGirl]

Originally Posted by 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.

Well said!

[TeresaE]

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?

The agents are independent contractors and their commission on new sales is 1.5% Out of that they pay all their own expenses. Tough way to make a living.

[Bogie Shooter]

Originally Posted by TeresaE

The agents are independent contractors and their commission on new sales is 1.5% Out of that they pay all their own expenses. Tough way to make a living.

Nailing shingles on a roof in 90+ degrees is a tough way to make a living!

[Babubhat]

Why does it matter? Doesn’t affect the purchase price

[pdp07]

It amazes me how many answers you get from people that have no idea what they are talking about. I heard, a friend told me, my neighbor is a realtor (most people have no idea what a realtor is) a real estate agent told me, my cousins aunts brother in laws wife told me, ect.
The fact is it doesn't matter what they get paid, if you are pleased with their service, use them and if not get someone else to find you a home.

[cj1040]

Originally Posted by 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...

They get a street named after them. Ex...Wilder Path, Sander St, Lazdowski Way etc.

[daddymac1127]

Doesn't have to do with licensing? To obtain a License one usually has to take and pass a test. There are certain rules and laws that need to be followed. I think what people are trying to say is if a Real Estate agent is not licensed that anything goes as far as following common practices and rules.

[retiredguy123]

Originally Posted by daddymac1127

Doesn't have to do with licensing? To obtain a License one usually has to take and pass a test. There are certain rules and laws that need to be followed. I think what people are trying to say is if a Real Estate agent is not licensed that anything goes as far as following common practices and rules.

Not exactly. An unlicensed real estate agent is breaking the law. You must have a state license to sell real estate on a commission basis.

[Dee Smith]

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?

As a buyer of a home from a Village sales agent, who represents me? It seems they represent The Villages.

[retiredguy123]

Originally Posted by Dee Smith

As a buyer of a home from a Village sales agent, who represents me? It seems they represent The Villages.

They definitely represent The Villages, not you.

[Ksfirefighter]

Originally Posted by 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.

But the question is who pays the seller?
Answer : The buyer

[merrymini]

Historically, on a 5 or 6 per cent commission, the break is 1/4 to the selling real estate agency, 1/4 to the selling listing realtor, 1/4 to the the buying real estate agency and 1/4 to the buyers realtor. That seems to be similar to the Villages. I have worked with many “realtors” and they can be the dumbest, laziest people around. It depends on the individual real estate agent and not the real estate they are associated with. All have to be licensed by the state and the “realtors” name is pretty meaningless in my experience.