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A comment on Almost No One Pays a 6% Real-Estate Commission–Except Americans. Parent comment

Re:Almost No One Pays a 6% Real-Estate Commission–Except Ame... by mnky9800n on Friday November 17, 2023 @08:56AM (#38303582)
why would i want a real estate agent to help me with a contract problem instead of a lawyer?
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Re:Almost No One Pays a 6% Real-Estate Commission–Except Ame... by brianwawok on Friday November 17, 2023 @09:39AM (#38304216)
It varies by state. In IL both sides must have a lawyer. In IN everyone has the agent do boilerplate. I can say the IN way saved me a few thousand bucks…
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Re:Almost No One Pays a 6% Real-Estate Commission–Except Ame... by danielvaughn on Friday November 17, 2023 @09:01AM (#38303648)
That's my point - I'm saying a real estate lawyer should be the ones handling these things, not agents. But by some kind of weird historical convention, agents are typically the ones that draft up the contracts, and they usually rely on a template.
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Re:Almost No One Pays a 6% Real-Estate Commission–Except Ame... by semiquaver on Friday November 17, 2023 @09:38AM (#38304202)
The bizarre thing is that real estate lawyers are quite cheap since transactions are so standardized. I’ve always used one for home sales. The fee has always been between $500-650 regardless of the home price.
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Re:Almost No One Pays a 6% Real-Estate Commission–Except Ame... by judge2020 on Friday November 17, 2023 @10:47AM (#38305161)
Agents must use a template approved by their broker (who has their own lawyers who drafted that contract, of course). Typically they can't do anything custom.
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