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Real Estate
Reply to "Sellers, pls stop offering pay buyer's agent commission! "
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[quote=Anonymous][quote=Anonymous]It really should just be banned for the seller or the seller's agent to offer anything to the buyer. or the buyer's agent. It all gets built into the price anyways and is what leads to all these issues. Just think how strange it is that the buyer makes an offer, then the seller agrees to give part of the offer price back to the buyer -- is there anything else we buy that works this way?[/quote] Well, it’s not unheard of for sellers to pay a “finders fee” to the person that brought them a buyer in other contexts. But that seems anachronistic given that buyers can find houses themselves online. In a buyers market or for a very unusual property it might still make sense. But the thing that’s really dodgy is the payment doesn’t go to a “finder” - it goes to the person who is literally supposed to represent the buyer’s interest, as an agent. Massive conflict of interest there. [/quote]
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