How To Respond To "Will You Reduce Your Fees?" [VIDEO] - Joe Stumpf's By Referral Only

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How To Respond To “Will You Reduce Your Fees?” [VIDEO]

When it comes to asking for a reduction in fees, real estate agents and lenders can sometimes feel like they are between a rock and a hard place. On the one hand, you don’t want to come across as unprofessional or entitled; on the other hand, you don’t want to miss out on potential business. So what’s the right way to respond to the commission cut conversation? This blog post will explore some tips for how to respond when someone asks you this question. Stay tuned!

“Will you cut your commission or reduce your fees?”

Here are two quick ways to reframe that question…

1. That is a good question and before I could make that big of a decision, I would have to ask you a few thought-provoking questions and listen intently to your answers and only after I clearly know what is important about buying, selling, or borrowing to you, could I then better suggest how you can compensate me for my consulting, negotiating and organizing of the details.

2. The question you’re asking me reveals a lot about what you may or may not know about this current marketplace. What you really should be asking is. “What bonus can we be offering to get the local agents more interested in showing their best clients your home so we can make darn certain your dreams come true?”

Never Cut Your Commission or Reduce Fees EVER Again…

The Magic Words Dojo is a place that By Referral Only All-Access members have access to any time they need the right words for any given situation. It is the place that allows you to MASTER the language you need to:
1) To Master Resistance
2) To Get Referrals
3) To Negotiate agreements
4) To Get and Stay Motivated

Here’s a video that shows another way to handle the situation when a client asks for you to reduce your commission.

 

It can be difficult to know how to react when you’re asked to cut commission, but with a little preparation, it doesn’t have to be a stressful experience. Scripts like the ones we shared can help you stay calm and professional while still getting your point across. And if you need more support, our team is always happy to help.

At By Referral Only we not only want to help you automate your marketing so that you can experience more consistency and GROWTH in your business but we also help you build up your skills so that you always know the right words to say to help, close, negotiate, and feel comfortable asking for what you want.

Take us for a test drive today and see what the Magic Words Dojo is all about

 

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All of these are designed to help you in different ways:

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Basically, everything you need for your Before, During, AND After unit marketing.

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By Referral Only is your ONE place to get everything you need to consistently market your Real Estate or Lending business.

  • 7+ Essential "Always On" Communications (including emails, postcards, newsletters, and more)
  • Client Connection Campaigns (including our upcoming Summer Seller & Fall Connection Campaigns)
  • Daily Written and Designed-For-You Social Posts & Planning Calendar
  • Monthly Written-For-You Text Message Scripts
  • Smart Guidance Funnel (Lead Nurture with Landing Page Funnel)
  • Dominate Your Farm Area (Lead Generation)
  • Certified By Referral Only Consultant Coursework (CBROC)
  • Robust and Easy-To-Use CRM
  • Automation & Technology Access
  • Private Member Community Access
  • Wisdom Wednesday Trainings and Special Member-Only Trainings Throughout The YearWisdom Wednesday Trainings and Special Member-Only Trainings Throughout The Year
  • Magic Words Dojo (our dialogue and scripts database)
  • And soooo much more

All of these are designed to help you in different ways:

  • Some campaigns help you deepen relationships and reconnect with your sphere
  • Some can help you generate new leads and referrals
  • Some can help you nurture a lead or contact, lead them to take action, and work with you.

Basically, everything you need for your Before, During, AND After unit marketing.

All-Access By Referral Only Membership is $199/month ongoing. You can cancel at anytime and there are no contracts.

In fact, we guarantee you’ll LOVE By Referral Only…

… and if, for some reason, you decide later that you don’t want to be a member anymore, then we’ll happily cancel your account without any penalties or fees. We do not ask for contracts or commitments, just that you use the programs and systems.

YES! I want to Try By Referral Only All-Access Membership Free for 30-Days!

 

*I agree to receive recurring messages from By Referral Only to the provided mobile number and also agree to the By Referral Only terms and privacy policy at byreferralonly.com. Message & data rates may apply. Reply STOP to cancel anytime. Reply HELP for info.