Re:Amazon to shut down its Amazon Restaurants business in th...
by prostoalex on Tuesday June 11, 2019 @02:31PM
(#20158184)
Fair enough. Those commissions do compress as the house prices climb into 7- or 8-digit ranges, and there are always discount agents. The one in my area buys billboards that promise selling the house for 3% flat.
I was hoping perhaps someone from the industry could comment on why those agents haven't overtaken the market by storm.
This is all part of the scam, and I'm surprised more people can't see through it. Five people walk into a room at closing. There are two agents, a title agent, the seller, and the buyer. Only the buyer brings any money - so it's pretty clear who is paying.
Put it another way - if the seller goes with a lower percentage agent, then the buyer keeps more of the offer price, and should therefore accept a slightly lower offer. This saves the buyer money too.
> Among some not so obvious valuable tidbits that the buyer's agent can provide: [...]
And you think that's worth 6% of a house that costs hundreds of thousands of dollars? I think that's insane.
This all sounds like a pitch from a realtor.