SingleSource Property Solutions has joined with a company named American Destiny. If you sign up with American destiny they require you to pay 25% of your meager 2% commission. This means that the agent is working for 1.5% or less since they take so long to reimburse for expenses. Has anyone experienced this rip off?
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Any insight on HUD? They list all theirs with one agent and it has been the same agent for years and years and years.
Sandra Page > Rose MenciaFebruary 11, 2011 at 7:29am
Wait I sold one a couple months ago, refferal from American Destiny, listed with SingleSource, 1% referral fee to SingleSource, 25% referral fee to American Destiny. The contract you sign with American Destiny states their referral fee but makes no mention there will also be a referral fee to SingleSource.Minimum commision listing, worked my hind end off and after my expences and my Broker taking his cut I ended up with $180.00. Had the listing for 6 months. Also they DO NOT want their referral fee showing on the Hud.You have to send them the referral fee directly.
It wasn't a referral fee to Single Source, that is why. The commission started out at 2%.
Sandra Page > Tara NagelhoutFebruary 12, 2011 at 7:12am
But if (and it is) AD is affiliated with SS what is the reason they do not want their referral fee on the hud but direct mailed to them?? Could it be they do not want the "client" seeing the extra referral fee?
It looks like it ends with working for free, no commission!!!!
Kimberly Dove > Tyrone ArmstrongFebruary 9, 2011 at 12:32pm
No worries. I have made up in my mind not to deal with companies that will not deal honestly and fairly with me. Yes it may hurt me some initially but to reduce some of my headache, I will just have to endure.
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