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Admin Fees, Brokerage Fees, Additional Commission Fees?

by The Colorado Springs Group™

What are these things? Well, the truth is what they can legally be called or referred to has changed over the years. These are fees that are charged above and beyond the commission you are already paying a Realtor. Many companies seem to justify this fee by reminding buyers and sellers that other companies charge it as well. There are a few companies that do not charge any fees of this type; The Colorado Springs Group™ is one of those few. 

In our opinion as a company, they don't know what to call these fees because they don't know what it's for. One thing it does do is improve profits but I doubt we'll ever see it called an "Additional Profit Fee". Companies used to charge these fees directly to buyers and sellers. Then a few companies changed how they charged it by charging it to Realtors who were part of the company... with the okay and encouragement to pass it on to buyers and sellers. If the buyers and sellers agree, great. If not, the Realtor is responsible to pay for it. The real benefit for the company here is that an upset consumer is more likely to be upset at the Realtor and not the company the Realtor is with.

This is one of the big reasons we left RE/MAX. These fees were charged at each RE/MAX company we were with. We paid these fees a lot instead of passing them on to clients because it felt like that would be taking advantage of people. There were some instances our clients wouldn't allow us to pay the fee.

Here's what we've heard these fees cover: 

*Pays for us to hold onto your file

*Pays for the office utilities

*Pays for company staff

*Pays for overhead

*Keeps the doors open

*Filing cabinets

*Storage facilities

The list changes over time. The terms change over time. The amounts go up over time. 

Imagine this... you're a buyer here in the Colorado Springs area. There is a really good chance that the Realtor you are working with is going to get paid through the listing agent or builder when you find a home. How does a large fee sound as a thank you for using their services? Without you they would have no commission at all. The same thing goes if you are a seller.

For enjoyment, or to save some money please read "How To Avoid Extra Realtor Fees".

2015 First Quarter Sales Activity

by The Colorado Springs Group™

Broken down by area to give a better prospective on the results for the first quarter. Single Family & Patio Homes 

Black Forest: 48 Sales for a total dollar volume of $20,811,850

Briargate: 158 Sales for a total dollar volume of $50,223,079

Central: 175 Sales for a total dollar volume of $32,659,439 

East: 144 Sales for a total dollar volume of $27,542,257

Fountain Valley: 367 Sales for a total dollar volume of $75,342,687

Falcon - Peyton: 113 Sales for a total dollar volume of $31,553,155

Marksheffel: 54 Sales for a total dollar volume of $14,160,900

Northeast: 183 Sales for a total dollar volume of $41,938,133

Northwest: 74 Sales for a total dollar volume of $24,781,113

Northgate: 88 Sales for a total dollar volume of $34,347,841

Old Colorado City: 51 Sales for a total dollar volume of $11,457,501

Powers: 239 Sales for a total dollar volume of $55,057,953

Southeast: 116 Sales for a total dollar volume of $17,322,674

Southwest: 120 Sales for a total dollar volume of $42,534,355

Tri-Lakes: 104 Sales for a total dollar volume of $45,747,127

West: 47 Sales for a total dollar volume of $12,820,679

"Based on information from the Pikes Peak REALTOR Services Corp. ("RSC"), for the period 1/1/2015 through 3/31/2015.  RSC does not guarantee or is in any way responsible for its accuracy.  Data maintained by RSC may not reflect all real estate activity in the market."

2015 March Sales Activity

by The Colorado Springs Group™

Broken down by area to give a better prospective on the results for March. Single Family & Patio Homes

Black Forest: 20 Sales for a total dollar volume of $9,452,900

Briargate: 54 Sales for a total dollar volume of $17,815,327

Central: 69 Sales for a total dollar volume of $12,697,699

East: 71 Sales for a total dollar volume of $13,809,442

Fountain Valley: 156 Sales for a total dollar volume of $31,334,283

Falcon - Peyton: 50 Sales for a total dollar volume of $14,279,319

Marksheffel: 29 Sales for a total dollar volume of $7,873,186

Northeast: 80 Sales for a total dollar volume of $18,919,600

Northwest: 31 Sales for a total dollar volume of $11,237,398

Northgate: 34 Sales for a total dollar volume of $13,325,788

Old Colorado City: 17 Sales for a total dollar volume of $3,476,552

Powers: 122 Sales for a total dollar volume of $27,554,220

Southeast: 54 Sales for a total dollar volume of $8,233,210

Southwest: 54 Sales for a total dollar volume of $21,409,300

Tri-Lakes: 39 Sales for a total dollar volume of $17,701,296

West: 18 Sales for a total dollar volume of $4,210,457

"Based on information from the Pikes Peak REALTOR Services Corp. ("RSC"), for the period 3/1/2015 through 3/31/2015.  RSC does not guarantee or is in any way responsible for its accuracy.  Data maintained by RSC may not reflect all real estate activity in the market."

New Carpet Tips

by The Colorado Springs Group™

Since we've flipped homes in different price points and areas of Colorado Springs, we have a better knowledge of purchasing carpet and installation than most people do.

We've even called out a large corporate company on carpet we had installed, and it took lab tests but we were able to prove both the carpet and pad were not of the quality we paid for. We had to sign a disclosure that we cannot discuss details or names when we agreed to a settlement/refund.

Feel free to ask any questions. When choosing carpet, take samples home not just for color matching purposes but to walk and stand on. There are different levels of pad you can buy so bring home samples of those as well to put underneath the carpet samples. It might take more of your time but it's going to be under your feet for years to come... it's worth the time.

From face weight to density, brand to brand, stock to custom orders, carpet varies a great deal. You don't always get what you pay for, even if the label on the carpet that arrives at your home says you're getting what you pay for. Do your homework or contact us for advice.

One last thing... did you know that certain brands of very popular vacuums void the warranty on popular brands of carpet? If you ask a salesperson they might know about it. Contact us, we'll help you.

Displaying blog entries 1-4 of 4

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The Colorado Springs Group™
6665 Wild Indigo Drive
Colorado Springs CO 80923
(719) 799-3686

Kevin & Jessica
The Colorado Springs Group
6665 Wild Indigo Drive
Colorado Springs, CO 80923
(719) 799-3686