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Elizabeth Weintraub

Should You Give Your REALTOR® a Closing Gift?

By November 13, 2009

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Although real estate agents often give their clients gifts at closing, it's also popular to give REALTORSŪ closing gifts.

Many readers have written to me asking for gift suggestions. They don't want to come across as ungrateful, especially if their agents have worked their tails off or sprinted that extra yard. But clients also want to appear thoughtful and give a gift that will be appreciated. So, what do you do?

Because it's not as though the agent hasn't earned a tidy little sum known as a commission for bringing the transaction to a successful close, which means the agent can buy herself or himself almost anything he or she desires. Moreover, some buyers and sellers might wonder if the REALTORŪ even deserves a closing gift. Some don't. Realize that closing gifts from a client are never expected, and you're under no obligation to deliver a gift . . . read more about REALTORŪ closing gifts.

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At the time of writing, Elizabeth Weintraub, DRE # 00697006, is a Broker-Associate at Lyon Real Estate in Sacramento, California.

Comments

November 19, 2009 at 12:14 am
(1) Arron Young says:

Great point of view, thank you!

September 25, 2012 at 12:18 pm
(2) Diane says:

I think it depends on how much commission the agent is getting and how much work they put into the sale. I’m buying a foreclosure from Freddie Mac, and my agent has been working hard to get the house for us and get the priced reduced (several times). Every time the price goes down, her commission gets cut. As it is, she will be making less that $2,000 on this sale.

She has referred us to a bank that understands Freddie Mac (NEVER go with someone who doesn’t understand the process!) and an amazing inspector.

Yes, I will be getting her a gift and referrals.

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