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Posted by Mobile1/PA on 8/10/22 11:56am
Here’s how it works from information found on the internet:
A real estate company offers to pay money in exchange for signing the homeowner benefit agreement. The agreement states that the company has the exclusive right to list your property as long as you decide to sell within the next 40 years! The payment is negotiable but believed to be in the range of $300.00 to as much as $5,000.00 and, in some instances, more. The payment does not have to be paid back. Instead, the Realtor is paying it in exchange for a future listing agreement with THIS Realtor (and THIS Realtor only) if the homeowner ever decides to sell the property. Should a homeowner decide to change their mind and cancel the agreement, there is a termination fee that far exceeds the payment received. The actual termination fee will depend on the terms of the agreement, but it is typically in the several thousands of dollars. |
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