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Should I tip my broker?

Started by thoffdiddy
over 11 years ago
Posts: 3
Member since: Apr 2009
Discussion about
Am I supposed to tip my real estate agent (or others) when I close on the sale of my home? If so, how much?
Response by bigmoviebuff
over 11 years ago
Posts: 42
Member since: Jun 2010

you don't tip the broker. they make a ton of money off of you already. You tip the Title search person.

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Response by jelj13
over 11 years ago
Posts: 821
Member since: Sep 2011

Ditto on bigmoviebuff comments.

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Response by alanhart
over 11 years ago
Posts: 12397
Member since: Feb 2007

If you catch him off guard, a good shove to about 20 degrees should do it. Don't forget to yell "TIMBER!!!"

No prob, you're welcome, any time, any time.

For title closer, do the same, but stomp on his foot first, then apologize insincerely, then use procedure outlined above.

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Response by apt55
over 11 years ago
Posts: 127
Member since: May 2012

Tip no one. They all get paid via comission, fees, etc

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Response by rb345
over 11 years ago
Posts: 1273
Member since: Jun 2009

1. tip the title closer
2. they get as little as $50 for closings from title companies

3. yet without them NYC real estate would be much harder to do

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Response by cbreeze
over 11 years ago
Posts: 39
Member since: Apr 2010

If you are moving into a coop or condo, tip the staff. You'll learn all about the bldg and owners.

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Response by thoffdiddy
over 11 years ago
Posts: 3
Member since: Apr 2009

Thanks for the input. Just to be clear, I'm the seller here . . . does that change anything re: the tipping analysis? am I correct that it's the buyer who tips the title agent (not me)?

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Response by switel
over 11 years ago
Posts: 303
Member since: Jan 2007

No tip

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Response by West81st
over 11 years ago
Posts: 5564
Member since: Jan 2008

thoffdiddy: Correct - the buyer will generally take care of the title agent. The buyer's attorney often provides guidance with regard to the amount.

As for tipping your broker, that's a clear no. The legality of your agent ACCEPTING a gratuity is open to debate, but there's certainly no expectation that you will offer one. If you love your broker, stay friends, give referrals, take her out to lunch.

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Response by gothamsboro
over 11 years ago
Posts: 536
Member since: Sep 2013

Just this question means that your broker is deceiving you. He or she is not your friend any more than the car salesman. He's being fully paid, and that he's nice or "looking out for you" is just part of his responsibility. Doing a good job doesn't demand extra compensation.

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