SimpleShowing is a multi-state savings broker, offers consumers listing savings and buyer’s refunds in select areas across Florida, Georgia, Alabama.
SimpleShowing offers listing savings to sellers ($5,000 flat listing fee) and commission refunds to buyers (50% of the Buyer's Agent Commission). After the first five showings, the buyer’s refund will decrease 5% for each set of five showings requested. Buyer’s refund is subject to a minimum net commission of $3,500.
SimpleShowing is a consumer-focused flat fee real estate broker. As a listing agent, SimpleShowing works with a seller to prepare homes for listing, including taking professional photos, pricing homes, and publishing marketing materials.
SimpleShowing lists all homes on the local MLS as well as typical MLS Aggregators. SimpleShowing maintains a well-designed online platform that allows sellers to communicate with all parties involved in a sale.
As a buyer’s agent, SimpleShowing works with buyers to find a home, schedule inspections, negotiate repairs and finalize the purchase.
SimpleShowing further offers unrepresented buyers to make direct offers to sellers. When a self-represented buyer approach SimpleShowing about seller’s listing, SimpleShowing waives the 2.5%-3% Buyer’s Agent Commission in favor of the seller.
SimpleShowing Direct option allows parties to save a significant amount in buy-side commissions, but also requires the buyer to accept the potential downside of dual representation.
Theoretically, a buyer can make an offer that is 2.5%-3% less than a competing offer from an agent-represented buyer, however, the buyer also loses all benefits of individual representation and forfeits an option to get a buyer’s refund from their agent.
Company extensively uses the current technology to help book showings with better coordination. SimpleShowing offers overall great value to consumers looking to buy or sell a home, but this broker sometimes trades consumers’ information to Partner Agents as a blind match.
According to the company, “We connect buyer and seller leads to SimpleShowing partner agents in major metros across the country. Grow your business without paying any upfront costs – only pay a referral fee after you close. We bring you pre-screened, ready-to-list sellers so you don't waste time chasing leads who won't convert.”
SimpleShowing Realtor Network is a poor choice for Real Estate Agents and consumers due to lack of transparency.
SimpleShowing Partner Agents are employed by random brokerages. SimpleShowing effectively trades consumers’ information to Partner Agents as a blind match. When shopping for a real estate agent, the price alone is not as important as being able to make an informed choice about representation.
Once SimpleShowing refers a customer to a Partner Agent, that agent, not SimpleShowing, represents the customer from the initial meeting through closing.
SimpleShowing dictates that Partner Agent offers a 1% listing rate subject to the minimum commission payable to Partner Agent of $2,250 to receive a referral. SimpleShowing simply takes a commission cut after the transaction is complete.
In the United States, all independent brokerage fees are always negotiable and each real estate agent establishes its own policy for a fee structure, amount of commissions, and issuing rebates to consumers.
Price fixing is prohibited by antitrust legislation. To fix, control, recommend, suggest or maintain commission rates, rebates, and fees for independent real estate agents' services is an improper practice.
SimpleShowing is a multi-state real estate broker and an agent referral network that offers consumers flat fee listing savings and buyer's refunds. However, SimpleShowing Realtor Network is a poor choice for Real Estate Agents and consumers due to a lack of transparency and added referral fees.
Yes and No. SimpleShowing is a legitimate real estate agent that offers savings to consumers. However, when working with SimpleShowing Realtor Network, consumers are subjected to thousands and sometimes tens of thousands in referral fees paid for the privilege of getting connected to a random agent.
The added referral fee makes it impossible for Partner Agents to negotiate fair market rates. SimpleShowing Realtor Network utilizes blanket referral agreements with independent brokers in a possible violation of the Sherman Act and RESPA.
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