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Real Estate
Reply to "How common is it for buyers to get part of the commission?"
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[quote=Anonymous]^^ The problem is that it is really hard to know the good agents from the bad. And many "good" agents don't save their client money, but just encourage them to overbid. Just yesterday, I got an alert about a house that sold for well above asking, which it shouldn't have (I study the areas I am looking at very closely). When I see an agent get a good or bad deal for a buyer, I always make sure to look up the agent. I looked up this agent's past ten transactions representing the buyer, all of which happened this year, and in each one, the buyer paid at least 5% over asking. Maybe that was justified in every instance, but I doubt it. It really would be nice to know which agents give their clients good advice, know the inspectors who find structural issues, etc. But it's not. And even going off word of mouth is tricky -- the agent I'm referring to above gets great reviews. [/quote]
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