Administrative fee of $595 charged on top of 6%

A few weeks ago we wrote about the excessive administrative fees charged by traditional high commission brokers. Here's the post: Did you know that most high commission companies charge an administrative fee of anywhere from $195 to as high as $499 at closing? THIS is above and beyond the 5%, 6% or 7% commission one pays with these companies. It is a travesty that so many sellers blindly pay these fees on top of an excessive commission. These sellers either do not know any better or they are in a frame of mind of paying over $12,500 for the average priced home that they figure what's a few hundred more. Our administrative fee is only $95 AND you pay much less to sell and have a truly skilled Realtor on your side. Bottom line: a few hundred dollars on top of the thousands ONE SAVES BY USING HOMEOWNERS CONCEPT adds up to a substantial amount of money, especially in this economy. And even if one wants to be a big spender with money why not take the savings and make a big donation to your favorite charity. YOU WILL feel good rather than spending it on unnecessary commissions.
Today we closed on a property whereby we brought the buyer to the table. The listing office is the third largest company in town and they were charging the seller a $595 administrative fee. So even though homes prices are under pressure, some high commission brokers are raising their end fee to even higher level than it should be. It is unbelievable how much sellers get squeezed by the high commission brokers.