Frequently Asked Questions
- How many different people will handle my home purchase?
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Unlike some other brokerages that place you on an assembly line we assign you one real estate agent who will become an expert on what you are looking for. They will be your single point of contact throughout the entire home purchase.
- As a home buyer do I have to pay a commission to my real estate agent?
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No. Home buyers' realtors are paid a cooperating real estate commission by the listing agent/ seller. Rebates are taken from this commission.
- Why is Lucid Realty willing to give up part of its commission?
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Real estate commissions are actually quite generous so there is plenty of room to share them with home buyers. And we would rather give money back to home buyers than spend it on extravagant marketing.
- Will your realtors still work as hard for me if they are making less money?
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We have a stellar reputation despite giving commission rebates. And our realtors actually make more than the average Chicago area realtor because they spend more time doing deals and less time trying to get clients. Clients come to us on their own because of what we provide.
- Why don't other real estate brokerages offer commission rebates?
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A very few do but most realtors have a sense of entitlement regarding their commission and the idea of providing a commission rebate is a foreign concept to them. And because commission rebates are one of the best kept secrets in real estate, agents can often get away with keeping the entire commission.
- Why is your rebate percentage higher on more expensive homes?
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A $500,000 purchase is not twice the work of a $250,000 purchase, yet the commission is double. Therefore, we can provide a higher rebate percentage for higher priced homes - up to 50% of our commission - and still make good money.
- Suppose the seller is giving you a bonus in addition to the real estate commission?
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We believe these bonuses should be disclosed to buyers and we include them in our rebate calculation - which is a lot more than some of the other real estate brokerages that offer commission rebates.