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HOURLY FEE OPTIONS

Option 1:

*TREC will collect a 2% – 3.5% buyer agency fee from the proceeds of that transaction at closing

  • Rebate:  100%.  Any Buyer Agent fee collected will be rebated, in it’s entirety, to Client.
  • Retainer:  $500 retainer is waived
  • Hourly fees:  $150 per hour
  • Minimum fee:  None
  • Minimum donation:  None
  • Billing policies:
  • Professional and administrative time is billed in 15-minute increments, for a minimum charge of $37.50 for professional or administrative task.
  • All professional and administrative tasks, including but not limited to the following, are billed at the blended hourly fee of $150 per hour:  price negotiations and other due diligence efforts, MLS research and market analysis, showing properties, travel to showings and appointments, e-mail and intranet posts, telephone calls, faxes, internet searches, making appointments, preparation of bills and invoices.
  • Client may pay invoices, which are due upon receipt, by check, credit card using PayPal, or via electronic transfer to TREC’s Bank of America account.
  • FSBO fees:
  • If a “For Sale By Owner” (FSBO) property offers a 2 – 3.5% buyer agency fee, the full amount will be collected by TREC and rebated to the Client.
  • If the FSBO sales price does not include a buyer agency fee, there will be no rebate to Client at closing and no minimum fee.

Option 2:

Fee for Service: $125 per hour / $500 retainer / 100% rebate

  • Rebate:  100%.  Any Buyer Agent fee collected will be rebated, in it’s entirety, to Client. Same as 2.1 above; however, if Client pays $500 retainer and agrees to prepay for professional services in four hour increments, TREC’s hourly fee will be reduced from $150 to $125 per hour.
  • Retainer:  A $500 retainer is payable to TREC before services are rendered
  • Prepayment policy: Additional installments of $500 must be prepaid in advance of services which will be billed in four hour increments (e.g hours 5 through 8 must be prepaid after receiving the first four hours of services.)
  • Billing policies:
  • Client may may pay invoices, which are due upon receipt, by check, credit card using PayPal, or electronic transfer to TREC’s Bank of America account.
  • Professional and administrative time is billed in 15-minute increments, for a minimum charge of $31.25 for professional or administrative task.
  • FSBO fees:
  • If a “For Sale By Owner” (FSBO) property offers a 2 – 3.5% buyer agency fee, the full amount will be collected by TREC and rebated to the Client less a minimum fee of $2,500 will be due to TREC for the first 20 hours, regardless of whether 20 hours of service are rendered.
  • If the FSBO sales price does not include a buyer agency fee, there will be no rebate to Client at closing but a minimum fee of $2,500 will be due to TREC for the first 20 hours, regardless of whether 20 hours of service are rendered.

Option 3:

Fee for Service: $100 per hour / $500 retainer / donation  / 100% rebate

  • Retainer:  A $500 retainer is payable to TREC before services are rendered
  • Hourly fees: If client pays $500 retainer and agrees to prepay for professional services in five hour increments, TREC’s hourly fee will be reduced from $150 to $100 per hour if Client and meets donation requirements below.
  • Prepayment policy: Additional installments of $500 must be prepaid in advance of services which will be billed in five hour increments (e.g hours 6 through 10 must be prepaid after receiving the first five hours of services.)
  • Billing policies:
  • Client may pay invoices, which are due upon receipt, by check, credit card using PayPal, or electronic transfer to TREC’s Bank of America account.
  • Professional and administrative time is billed in 15-minute increments, for a minimum charge of $25 for professional or administrative task.
  • Minimum donation:
  • Client agrees to donate 10% or more of the rebate to one of more charitable purposes, as documented in the attached donation pledge.
  • Regardless of rebate size, a minimum donation of $1,000 MUST be distributed to one or more non-profit organizations participating in the ASAP:  AIDS Shelter Alliance Partnership.  The buyer may distribute the balance of their donation to others via the “community commission.”
  • FSBO fees:
  • If a “For Sale By Owner” (FSBO) property offers a 2 – 3.5% buyer agency fee, the full amount will be collected by TREC and rebated to the Client less a minimum fee of $2,000 will be due to TREC for the first 20 hours, regardless of whether 20 hours of service are rendered.
  • If the FSBO sales price does not include a buyer agency fee, there will be no rebate to Client at closing but a minimum fee of $2,000 will be due to TREC for the first 20 hours, regardless of whether 20 hours of service are rendered.  Further, Client agrees to make a minimum donation of $1,000 to a non-profit organization participating in the ASAP:  AIDS Shelter Alliance Partners campaign.

Option 4:

Hybrid Plan:  Choose your own hourly fee / rebate / donation

  • Payment: 
  • Client chooses hourly rate for TREC services:   $_____ instead of $100 per hour
  • Buyer Agent fee rebated:  _____% based on client’s hourly fee
  • Retainer:  A $500 retainer is payable to TREC before services are rendered
  • Minimum donation: TREC and Client agree to donate 10% or more of the buyer agency fee they receive to one of more charitable purposes, as agreed in the attached donation pledge.  (Example:  If client receives a $7,500 rebate on a $10,000 commission, the client shall donate at least $750 and TREC will donate $250.)
  • FSBO fees:
  • If a “For Sale By Owner” (FSBO) property offers a 2 – 3.5% buyer agency fee, the full amount will be collected by TREC and rebated to the Client, according to the agreed upon hybrid plan, provided a minimum fee of $2,000 will be due to TREC for the first 20 hours, regardless of whether 20 hours of service are rendered.
  • If the FSBO sales price does not include a buyer agency fee, there will be no rebate to Client at closing but a minimum fee of $2,000 will be due to TREC for the first 20 hours, regardless of whether 20 hours of service are rendered.  Further, Client agrees to make a minimum donation of $1,000 to a non-profit organization participating in the ASAP:  AIDS Shelter Alliance Partners campaign.
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