- How can I get paid for buying a home?
- How does it work?
- How much does it cost to use DoorFly?
- Why would real estate agents even want to rebate back a portion of their sales commission?
- Am I obligated to pick the agent offering the highest bid?
- What if I end up not liking the agent that I pick?
- What if the agent I pick asks me to sign an “exclusive representation agreement”?
- What if the agent doesn’t follow through with her promise to rebate?
- Is rebating allowed in all U.S. states?
- If I’m an investor wanting to buy many properties, can I have many auctions?
- If I change my mind or no longer need an agent, how do I close my auction?
- How can I get paid for buying a home?
DoorFly.com provides a marketplace where home buyers can review the services of professional real estate agents. These real estate agents are willing to offer you incentives, such as a rebate of a portion of their sales commission to gain your business.
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- How does it work?
You create an online auction about the home you are seeking. Real estate agents then offer their services as a buyer’s agent by bidding on your auction. When your auction comes to an end, you select the agent that most appeals to you based on experience, reputation and rebate amount.
DoorFly then exchanges your and the agent’s contact information, so that you can work together to find and buy your new home. You and the agent will work out the details of the offered rebate.
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- How much does it cost to use DoorFly?
- DoorFly is a website that brings home buyers and real estate agents together. There is no fee for the home buyer to use DoorFly. Our marketplace is free to home buyers. Real estate agents pay a small subscription fee to use DoorFly.
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- Why would real estate agents want to rebate back a portion of their sales commission?
DoorFly offers real estate agents an economic and efficient method of reaching active home buyers – that’s worth their subscription fee. And rebates to home buyers are a common practice among real estate agents who are competing for high quality customers – like you!
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- Am I obligated to pick the agent offering the highest bid?
There are no obligations for home buyers to select one agent over another agent. In fact, you may decide the agent offering the highest rebate isn’t the best match for you. The decision is yours. DoorFly is simply providing the marketplace for you to meet real estate agents who can help you buy your next home.
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- What if I end up not liking the agent that I pick?
DoorFly encourages you to select an agent for their experience, key offerings and most suited for your needs. If, however, things do not work out, DoorFly does not obligate you to continue working with an agent who doesn’t meet your needs. DoorFly merely “brings you together” to see if a working relationship can be had. If not, then you are free to work with another agent.
You may open a new auction and choose another agent if you would like.
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- What if the agent I pick asks me to sign an “exclusive representation agreement”?
Real estate agents often ask their customers to sign some form of document that states that the customer will work only with them for a certain period of time. This is due to the intense competition within the industry. If the agent you choose asks you to sign such a document, we recommend that you request to be given enough time to determine that a good working relationship can be achieved. (A “try before you buy” period.) A couple of weeks should suffice. Whether or not a agent/buyer agreement is used, DoorFly recommends that home buyers always do their own research before working with an agent – you may want to ask for references from the real estate agent and have an in-person or phone meeting first.
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- What if the agent doesn’t follow through with their promise to rebate?
DoorFly is in the business of bringing parties together, not policing their actions. As such, DoorFly will not be responsible in any way for the misdeeds, if any, of the parties involved.
DoorFly recommends that you get an agreement in writing from the selected agent regarding the promised rebate amount and review it carefully at the very first meeting.
If you are not pleased with your selected agent, DoorFly encourages you to leave negative feedback about the agent on DoorFly.com. This would likely damage the agent’s ability to attract more customers.
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- Is rebating allowed in all U.S. states?
No. At the time that DoorFly came online there were some states whose licensing regulations prohibit agents from rebating sales commissions. DoorFly is currently serving Indiana where “rebating” is legal.
Learn more about rebating: http://www.realtor.org/rmomag.nsf/pages/lawjan06
If you would like to bring DoorFly to your state, please let us know.
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- If I’m an investor wanting to buy many properties, can I have many auctions?
Yes, you may have as many auctions as you like.
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- If I change my mind or no longer need an agent, how do I close my auction?
You may close/cancel an open auction at anytime. To cancel your auction, select "Edit details" from the auction details page. On this page, there will be a link in the right column that will allow you to close your auction.
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