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My biggest issue was disclosure - or lack thereof. I thank those posters who recognize the value of honesty in a relationship between the client and the realtor or any service agent.
I specifically asked both in writing and in phone conversations what my fees were. There was no mention of brokerage fee until after I had signed the contract. The realtor was not working for free - she was working to earn 5% of my total lease, my future leases, and 3% if I bought the place in the future (which was a possibility).
When I have to call a plumber or an appliance repair person, I typically research what the problem might be, what the going rates are for coming out, and for fixing the problem. When I finally call them, I specifically ask them their rates - for coming out, and I request estimates before they make any repairs. It would be foolish to 'assume' what their rates are or to provide a carte blanche authorization. Before I posted this question, I researched whether the state of Florida allows this - and legally - they require full disclosure of where the fees are applied. I just did not know if this was common to bundle up a service and demand fees post contract.
Exorbitance is relative. I think that's the problem with the world today - that some may deem it appropriate to surreptitiously tack on fees with a smile and a blessing and assume it's okay. Heck - that client has a Prada bag, she won't mind an extra 500$ tacked on - we'll call it an administrative fee.
It's important to be honest. As a professional, I believe in providing a good service and being paid for the service a fair amount - that is agreed upon. Obviously, others don't share that opinion, but like sphincters, everyone (or most everyone) has one. Regardless of whether I share your ideas, thank you all for taking the time to post.... more