Reply to How often do contracts on houses fall through?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]I think the greedy realtors are.  Their outrageous commission model, rates of 5 or 6% [b]only found in the USA[/b], is preventing people from listing, selling, and trading up. [/quote]

Liar.

http://www.nfn.com.au/selling-property/commission-rates/

http://berlin.angloinfo.com/countries/germany/housebuy.asp

http://www.assignmentscanada.ca/buyingincanada.html
[/quote]

Wanna summarize and show some understanding of what you quickly googled and posted?   Queensland Australia: 2.5% commission up to $18k and then 2.5% all-in commission. Germany: well known fact that it is a rental culture, thus showing investment property structures is nonsensical.  Canada: 7% on first $100k, then 3% all-in commission thereafter.

Europe/Rest of world: 1% or 2% all-in solicitor sellside fee, they show the houses to the buyers. Often fee increases if sale price higher (1% if X, 1.5% if 125% of X). No buyside agents needed or required.

USA: one of the few places where a sellside and "buyside agent" model is pushed. 5-6% commissions all-in. Huge national and local realtor lobby to protect itself.

Open your eyes, the US's realtor commission's structure is cannibalizing its very own business. Due to such high realtor fees, many are not listing homes, many are seeking 'friendly' sales, many are negotiating commission contracts down, many are using discount brokers and many are considering FSBO.   Furthermore, most people who bought houses found it themselves online; the technology nowadays is great.  As you also know, there are strong neighborhoods within the beltway; houses sell quickly and values are quite transparent. [/quote]

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