real estate question

[beat90tsi]

@foz

Once it is listed through a broker there are commissions due… unless you are talking strictly ForSaleByOwner…

It’s a common misconception that you can get a better deal by working with the selling agent. What happens is that the selling agent gets both sides of the commission.
MORE IMPORTANTLY you are getting a lesser service. That agent becomes a dual agent representing both you and the seller. In an ideal world they become a nuetral party and guide both sides. In the real world, they are still looking out for their seller first.
It is always in your best interest to have your own representation. By having your own agent (buyer’s agent) they are required by law to put your interest before their own. To do otherwise is a violation of Real Estate Licensure laws, as well as the Realtor’s Code of Ethics. Violating either can be a real problem for a realtor.

long story short, the seller will still pay the full commission regardless of whether there are two agents or one involved…

I didn’t realize all the intricacies of the market. There a pretty few deals that go down now without agents. I’m still not sure exactly how they can command such a high % of sale prices. Although recently sales have been down, it seems to be a good business model. Real estate will always be changing hands, and real estate agents will always be collecting money. The only thing more secure is taxes…they don’t even have to do any work to collect their share.