BrokerageIndustry News

Fees not intended for consumers

Letter to the Editor
Published on Jun 1, 2009

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by CareyBot

Re: ' "Junk fee" backlash echoes online' (May 29)

Dear Editor:

Those (so-called "junk fees"), in my experience, are part of the independent contractor agreement between the agent and their brokerage. They have been put there because of the demand by agents for ever-increasing splits without regard for the cost of the services the brokerage must provide. So, as splits have increased in favor of the agent, various fees for specific services have been implemented -- and agreed to by the agents so that the brokerage can survive.

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