Almost No One Pays a 6% Real-Estate Commission–Except Americans

Re:Almost No One Pays a 6% Real-Estate Commission–Except Ame... by PaulDavisThe1st on Friday November 17, 2023 @10:40AM (#38305057)

Except in a for-sale-by-owner scenario, where the seller is not using an agent. In those scenarios, it may be necessary to agree to a fee paid directly by the seller to a buyer's agent. 2-3% is typical. This is not always necessary - some buyers will not be using an agent either, but it is not rare.

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Re:Almost No One Pays a 6% Real-Estate Commission–Except Ame... by jaywalk on Friday November 17, 2023 @10:59AM (#38305344)

Well yeah, of course. I'm talking about the most common scenario, where both parties are using Realtors (TM).

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Re:Almost No One Pays a 6% Real-Estate Commission–Except Ame... by kelnos on Friday November 17, 2023 @12:04PM (#38306375)

The thing that's excessively dumb about even that approach is that the buyer almost certainly would prefer to pay their realtor directly, outside of the purchase price. Since property tax assessments usually just follow the purchase price directly, I'd much rather purchase the house for $485k and give my agent $15k separately, than have my tax assessment be based on a $500k purchase price where the seller immediately turns around and gives $15k of that to my realtor.

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