I'm not clear on the compensation model when working with ExpressOffers. Who Pays ME?

I'm not clear on the compensation model when working with ExpressOffers. Who Pays ME?

Understanding Your Compensation with ExpressOffers:

As an agent using the ExpressOffers platform, your primary role is to represent sellers in the transaction. Here’s how compensation works:

Agent Commission: The foundation of your compensation comes from the commission you secure from the sellers you represent. This commission is negotiated directly between you and the seller, ensuring you are fairly compensated for your services.

Opendoor Commission Offers: In some cases, Opendoor may offer a percentage of commission to the submitting agent as part of the transaction. This is an additional incentive provided by Opendoor to encourage agent participation and submission of offers through the platform.

Disclosure to Sellers: Transparency is key in all transactions. Any additional commission offered by Opendoor or other buyers must be fully disclosed to the seller. This ensures all parties are aware of the financial details of the transaction and maintains the integrity of the agent-seller relationship.

Key Points for Agents:

Secure Your Commission: Always negotiate your commission with the seller upfront to ensure clarity and mutual understanding of your compensation.

Be Transparent: Any additional incentives or commissions provided by buyers, including Opendoor, must be disclosed to your seller clients. This transparency is crucial for maintaining trust and integrity in your professional relationships.

Understand the Offers: Familiarize yourself with the details of offers from Opendoor and other buyers on the ExpressOffers platform, including any specific commission structures or incentives they provide.

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