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Reply to "Are agents reducing their commission?"
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[quote=Anonymous]We recently met with an agent to discuss her services for two transactions, as listing agent to sell our house and as buying agent to purchase another house. She told us 5.5% on the listing side, split 2.5% to her and 3% to the buying agent. This is silly to me. She will accept 2.5%, so why wouldn't that be satisfactory for the buying agent? Given online access to listings, most buyers spot houses to check out themselves, right!? Would a buyer's agent really try to avoid showing a house with a 2.5% buyers agent commission if the potential buyers expressed interest? I could see buyers agents having more power to control Potential buyer's access to available properties back in the day, but there is so much transparency now. Is a buyer's agent incentive (higher commision)even in the equation anymore??? Most buyers I know do the legwork in finding properties on their own! [/quote]
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