Realty By JM

Salt and Light of Philippine Realty

Should Real Estate Brokers start charging consultation fees?

According to the RESA LAW, Real Estate Brokers are professionals. But, are we treated as professionals?

Our Pediatrician gets 500 – 600 pesos every time we visit for check up. Lawyers in notary public offices get 200 pesos for their signature. These are the only professionals I can think of at the moment. But I’m sure most, if not all other, professionals get some kind of consultation fee every time they meet with a client.

Don’t you think it’s time for us to charge something every time we present a property? Or, each moment our time is asked? Wouldn’t charging consultation fees help us identify clients who’s serious or not? If we should charge consultation fees, how much do you think is reasonable?

Please share your thoughts below.

Advertisements

Filed under: Real Estate Broker, , , , , , , , , , ,

4 Responses

  1. Jane Hanika Basilio says:

    I think the same with you. We are professionals. I believe that we shall charge consultation fees every time client want to meet with us to check property, discuss about buying or selling one. If we will do that, we will be needed more professionally. This will differentiate us from the real estate agents who are not licensed. This will be our edge. In my own opinion, the charging of fee should be at minimum P500.

    • Jane, Yah. I think 500 bucks minimum is reasonable. You may want to read Mr. Canasa’s reply. We can all learn from him. Since we are professionals, we do have a right to charge for consultation fees. Brokers are indeed different from salespersons. We should be mindful of that distinction all the time. Thank you very much for your comment. I hope to hear from you soon. Stay well.

  2. Being a professional practitioner we have right to charge consultation fee for each client.

    A Real Estate Service Practitioner required to do so because we are required to pay BIR monthly whether we have sale or not. Overhead expenses of office such as Tel., Internet,Elect Bills Office supplies, secretary, office rent.

    For office stamp and signatures i.e. Deed of Sale that required broker’s signature, consultation fee.

    Suggestions:

    For stamped and signature when broker is required ,if real estate sale 1 per cent of actual sale consideration.

    Consultation fee : P300 to P600 depending of office location.

    Real Estate Documentation it depend on the status of documents service required. Minimum Charge professional fee is P15,000 up excluding docs expenses in government institution like: BIR,Assessors, notarial fees and other.

    • Enrico,
      Thank you very much for taking time to enlighten us all. These are awesome suggestions especially for newbies like me. We hope to learn more from you in the following posts. Stay well.

Please share your thoughts

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: