Office or Industrical real estate assistance please visit www.KBFrealestate.com
We are independently licensed. We don't pay those high franchise fees and national expenses. In addition, technology has reduced costs and leveled the playing field.... and we pass all those savings on to you. High priced brokers are simply not worth the added expense.
Illinois law permits commission credits or rebates. Whether you are a seller or a buyer, fees are being paid with your money. We are the alternative to allowing a high priced real estate broker to secure an unreasonably large commission (with your money).
MLS listed homes typically offer a co-op fee of 2.5% - 3% (intended for the buyers broker) and we share this with our "buyer" clients (amount equal to a 1% - 1.5% rebate of the purchase price (can vary depending on purchase amount and fee amount being paid by broker/seller). For our "seller" clients we offer listing rates as low as 1.50% (2.5% higher when a broker represents a purchaser). Please contact us with questions or to discuss in more detail.
The owner of most every home offered for sale has signed a contract requiring the owner to pay a fee that is to be shared with a co-operating broker when a transaction is completed. In other words, A PORTION OF THE COMMISSION IS INTENDED FOR THE BROKER REPRESENTING YOU. We're offering to share this money with you.
Technology makes it possible to search the real estate market with little or no broker assistance. For this reason we believe buyers, tenants and sellers are entitled to significant savings. Along with providing an opportunity to receive up to 50% of the commission intended for your broker (possibly more depending on transaction amount)... we offer to prepare and submit contracts and proposals on your behalf (along with providing you additional help and support in a variety of ways).
We were established in 1991 with the intent to provide individuals in Metro Chicago every advantage when making real estate decisions. Today, we believe every advantage includes the opportunity to share in the brokerage fee.
KBF has been an Illinois Corporation for more than 31 years. For many years we worked primarily with commercial real estate clients and when they requested our help for residential transactions, we resisted. Though we noticed a pattern developing - most of the people approaching us concerning real estate wanted our help for the transaction element of their acquisition only, and that is when we became involved. We began to realize many people were using technology offered on the internet to hunt for real estate with little or no help from brokers. Yet these independent home hunters were not being rewarded for their hard work. In addition, they were allowing the listing broker for the real estate they were purchasing to pocket the portion of the commission intended for the broker on their side of the transaction.
We began offering up to 50% of the fee paid to their side of the transaction... along with providing help and support in a variety of ways... including the preparation and submission of proposals, contracts and negotiation assistance.
Licensed Illinois Real Estate Broker (31 Years)
Mike Wilens Managing Broker KBF Realty