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Real Estate
Reply to "What does new realtor fees mean for buyers?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]The Redfin model.[/quote] The Redfin model is that a buyer agent rebates part of the commission to the buyer. If the seller is paying no commission to the buyer's agent, what can be rebated? Or do you think the buyer agent wil ask the buyer to pay a commission of -- say 2.5% -- and then have 1% rebated? [/quote] I think what’s more important about Redfin’s model is that they have a tier of “Associate Agents” who are more entry level and are paid something like ~$60 to $120 for every house tour. The buyer doesn’t pay that itemized amount (Redfin pays it), but I can see a near future business model where a buyer pays a very junior agent $x per tour, and then pays a flat fee to a more experienced negotiator agent & lawyer when they are ready to make an offer. That model would work well for more experienced buyers.[/quote]
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