Q. What is the cost of B4B?
A. There is no cost for Brokers to register and post Buyers anonymously or contact Buyers. In the event that a transaction occurs through contacts made through B4B a referral fee will A. There is no cost for Brokers to register and post Buyers anonymously or contact Buyers. In the event that a transaction occurs through contacts made through B4B a referral fee will be due to B4B. ONLY in the event that a transaction occurs through contacts made through B4B, is a significantly reduced referral fee due to B4B.
Example:
- As a Buyer's Broker you post your buyer's anonymous profile for a ranch in the range of $800,000-$1,200,000.
- A listing broker finds your buyer's profile and sends you a link to their ranch listing that matches your buyer's criteria. (You have not had any prior contact with this broker in regards to this buyer.)
- Your Buyer closes on the ranch at a price of $1,000,000.
- B4B would be owed the following referrals fees. (See calculations below based on the selling price of $1,000,000, 6% commission split between Listing Broker and Buyer's Broker)
Listing Broker commission = 3% X $1,000,000 = $30,000
Referral to B4B from Listing Broker = 10% X 30,000 = $3,000
Buyer's Broker Commission = 3% X 1,000,000 = $30,000
Referral to B4B from Buyer Broker= 10% X 30,000 = $3,000
The referral fee is paid only if B4B facilitated the contact between the Listing Broker and Buyer Broker.