You EARN commission when using ShopProp as your buying agent.
Become a member of Multiplybook.com and receive a 10% discount on our website listed prices.
Watch our Buyers Video
Read what the US Department of Justice is saying about commission rebates to Buyers and Seller.
When you buy a house or property with a traditional agent you rarely hear about or see the commissions both the buying agent and selling agent are receiving. With ShopProp not only will you hear about the commission, you will receive it. Now smart buyers are trying to save commission by going directly to the listing agent. In our opinion this is a huge mistake.
- The listing agent does not represent you.
- The listing agent doesn’t want to give up the commission even though they are essentially being paid twice.
- Why try and negotiate getting some of the buying agent commission back with the listing agent when ShopProp already gives you back the commission and represents you, not the seller.
If the house you are buying cost $450,000 you could receive a check for $11,505 at closing. When you have ShopProp represent you on the purchase ShopProp collects the buying agent commission and shares it with you.
Here's how it works:
- Find a house you want to buy, use the tools on our website or any other website
- Drive by the properties you are interested in
- ShopProp agents will:
- Schedule a time to show you the inside of properties you are interested in.
- Do a Comparative Market Analysis (CMA) for you, when requested.
- Write up your offer and negotiate with the seller or the seller agent
- Schedule your Inspection with the seller or listing agent
- Be present during the inspection process
- Help your loan officer getting all appropriate documents to closing.
- The best part is upon closing ShopProp will write you a check for the commission minus our fee upon your lenders approval. If your lender does not approve the commission back after closing you can use the commission toward your closing costs, prepays or take it off the price of the home. If you need help finding a lender that is familiar with giving commissions to buyers, let us know and we can send you a list
- Your commission checks will be issued 10 days after closing.
It's that simple.
Fees
You never pay an upfront fee with ShopProp. Our fee is subtracted at closing and the amount varies only by the number of services you require. Services are defined as: Showings, Offers(3 offers=1 service) and all the paperwork that is required to close, in person appointments with our agents or being present during an Inspection (a licensed agent is generally required to be onsite during an inspection.)
- 1 service $1995
- 2 to 5 services: $2995
- 6 services: $3995 (for homes over 1 million our minimum commission is $3995)
- 7-8 services: $4995
- Unlimited $5995
Example: If you buy a house for $450,000 with ShopProp as your buying agent and during the process you requested zero showings and we wrote up 3 offers, ShopProp would receive a commission of $13,500 from the seller. ShopProp would keep $1,995 and give our buyer (you) a rebate of $11,505 that you can take toward closing costs or take a check after closing. Remember if you use a traditional full commission agent the $11,505 is money that would normally go to them, not to you.
Want to save more? If you sell your existing house with ShopProp and buy your next house with ShopProp you could save even more. Example: If you sell your house for $500,000 and buy a new house for $500,000 you could save a total of $41,510
See the Math
It is so important for home buyers and sellers to be aware of the commission that they are both paying to the typical real estate agent. With ShopProp they don't have to pay it anymore.