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The heyday of Reators is over. They've been overcharging and having an over-controlled marketplace for decades.
Now, the free market will reign, & determine their pay.
It was a free market. It's now being dictated how commissions are paid. It was transparent and was in writing what a seller would offer. Now that is being removed creating less transparency. How does that create a free market?
It was a free market. It's now being dictated how commissions are paid. It was transparent. It was in writing what a seller would offer. Now that is being removed creating less transparency. How does that create a free market?
I am the poster child for the futility of bantering with off-topic wannatrolls.
I am the poster child for the futility of bantering with off-topic wannatrolls.
Right? I just posted a question that I know won't get a response to determine how the troll feels the market will be more free than under the current system.
As a future buyer or seller I will keep 6% (3% each agency) in my mind and be prepared to pay that much vs. losing the deal. No different than 1+ years ago on commissions.
When we started talking to our realtor about listing our home, we came upon the subject of commission, we asked if she would accept 5%, and she told us she charges 6% and basically refused to accept less explaining all the hard work. We are in a hot market, advertise, it will sell......what is all the "Hard work" that can justify 30-40k ?. She has been pushing a bit to get it listed, maybe because of some new law that takes effect July 1 ?. We are now willing to give 4%, when the time comes, she can walk if she'd like, too many options for sellers in a hot market.
Status:
"I didn't do it, nobody saw me"
(set 16 days ago)
Location: Ocala, FL
6,499 posts, read 10,403,898 times
Reputation: 7962
I know that everyone likes to save every $.01 when buying or selling home/property but sometimes the Costco approach isn't the best one. Just saying....
I know that everyone likes to save every $.01 when buying or selling home/property but sometimes the Costco approach isn't the best one. Just saying....
Deal seemed to be done, save the BA's 2750.00 in commission
When we started talking to our realtor about listing our home, we came upon the subject of commission, we asked if she would accept 5%, and she told us she charges 6% and basically refused to accept less explaining all the hard work. We are in a hot market, advertise, it will sell......what is all the "Hard work" that can justify 30-40k ?. She has been pushing a bit to get it listed, maybe because of some new law that takes effect July 1 ?. We are now willing to give 4%, when the time comes, she can walk if she'd like, too many options for sellers in a hot market.
You should be shopping around. Your agent may not be willing to take that, but there will be an agent that is. Interview other agents.
When we started talking to our realtor about listing our home, we came upon the subject of commission, we asked if she would accept 5%, and she told us she charges 6% and basically refused to accept less explaining all the hard work. We are in a hot market, advertise, it will sell......what is all the "Hard work" that can justify 30-40k ?. She has been pushing a bit to get it listed, maybe because of some new law that takes effect July 1 ?. We are now willing to give 4%, when the time comes, she can walk if she'd like, too many options for sellers in a hot market.
Percentages aside, if you're trying to cut out a buyer agent, who do you expect to fill that role of showings/screenings/writing offers/etc? The co-broke is so the listing agent can outsource that part of the job.
BTW, the settlement really only changes the fact co-brokes won't be posted on MLS. It doesn't make buyer agents or the need for buyer agents go away. Approximately 33% of the sales fall through.
2 questions:
1-Are you now expecting listing agents to do more work for less pay?
2-W/O a buyer agent assisting the buyer, what do you think that percentage increases to? 50 or 60% maybe?
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