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Real Estate
Reply to "What does new realtor fees mean for buyers?"
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[quote=Anonymous][quote=Anonymous]When I first started looking (a few years ago), it seemed that open houses were the norm. But these days you often need an agent just to walk through the house. Will that will change? [/quote] Think open houses will be more important and the days and times may change. Some agents are already doing open houses on Friday from 4 to 6 pm or 5 to 7 pm depending on daylight. Buyers can walk through the houses without paying an agent and then work directly with the listing agent to write the contract if they don't want to pay a buyer agent. NAR has sold the idea that buyers need an agent to represent them to support the current commission structure, but they really don't. I just wrote a contract for a friend who was buying his neighbor's house. I told him what to do and he did it. Maybe it took 3 hours tops. I am a high volume producer, and my broker gives me lots of leeway to do what I want. Rather than pay me, I asked him to donate $1,000 to a charity I support. [/quote]
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