We want to ensure that your clients are very well taken care of when it comes to the sale of their home. Additionally, it’s important that you represent their best interest by reviewing the documents at closing and ensuring that everything meets the needs for their divorce decree. In turn, we’ve created a Preferred Attorney Program whereby the attorney representing the home seller will receive a fee of $1,000 on the Property Closing Statement for their representation. This fee will come directly from your client to your firm.
Here’s How It Works:
As real estate agents, we customarily charge a fee of 6% to sell a home. This covers the buyer and seller side of the transaction as well as all Realtors and Brokerages involved. On all divorcing clients you send to me, it’s important for you to review the closing documents, ensure it meets the requirements of the divorce decree, and represent your client’s best interest. Essentially, you’ll be representing them on their home sale as well. In turn, I’ll explain to the clients that we charge the normal and customary 6% fee but it’s important to have their attorney involved. I’d like to ensure they can pay for their attorney by reducing my fee to 6% minus $1,000 which will allow them to pay $1,000 to you on the Property Closing Statement for their attorney representation. Again, this is normal and customary within our industry and things always run smoothly when an attorney reviews all documents prior to closing. In turn, the home seller is paying their attorney $1,000 directly from the proceeds of sale and it’s disclosed on the Closing Statement. I personally agree to waive my own fee by $1,000 so the seller can have their attorney representing them on the sale and disbursement of funds for their property.
This is an outstanding way for you to ensure your clients sell their home in agreement with the decree or upcoming divorce and it allows them to pay you an additional $1,000 for representation on this additional transaction you’ll help them with. I always appreciate you passing my name along and I’ll ensure you help with attorney representation on their home sale to get everyone through a successful closing. I’d like to discuss this in detail with you so that we can provide mutual clients to each other for our services. Give me a quick call and let’s chat.
Tim LaBorde
Directed Realty
713-965-4561
tim@directedrealty.com
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