Reply to How common is it for buyers to get part of the commission?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]There is no way any good agent is going to work for pennies.

Try your luck with EXP, Redfin, whatever other no name brokerage and best of luck.[/quote]

Why do you need a good buyers agent? If you aren't buying off market (and I really think that these stories of agents finding buyers the perfect house and closing pre-market are a made up marketing tool), you can find houses just as easily as they can. For those of us who consider zillow and redfin fun to browse, there is a good chance that you know the market just as well as they do. We've used services that refund the majority of an agents commission every time we've bought and have ended up with earnest but very inexperienced agents. It worked find because we always going to do the work ourselves even with an experienced agent [/quote]

It's not about finding the house necessarily. Of course you can look on the internet yourself. It's about getting the best price, terms and conditions and having someone advocate for you, someone who understands how to protect your interests. I would say 50 percent or more of my clients are attorneys and most of the time they need as much guidance as any other client. This year I had clients who wanted to purchase a house and were willing to write an offer about $40k over where I thought they should go, no escalation clause.,They got the house with the price I recommended saving them $40k. I had clients who didn't understand the property condition paragraph because their prior agent didn't do the right thing so they thought they were responsible for getting the stuff left at the house at the walkthrough out themselves. With an excellent home inspector, I helped prevent two clients from purchasing homes, both likely with structural issues. I could say more but the thing that bothers me so much about this site is that people routinely trash realtors for not adding value to a transaction but also want to use inexperienced agents who will give them a piece of their commission, people who have horrible realtors who won't write a bad review, people are so nasty about the lack of education needed to be a realtor. Yes that is true and I wish that would change but I don't know of one agent who doesnt have at least a bachelor's degree. You do need to be careful about who you pick to represent you as is true in any field. A doctor at Hopkins killed my brother, my sister's divorce lawyer is milking her for every cent he can get. Etc. My two cents today. And last thought, if you think realtors don't add value, don't yourself and negotiate a credit to give you some or all of the commission that your buyer's agent would've received. [/quote]

Is that why NAR - your industry - is repeatedly guilty of violating antitrust law, fraud, market manipulation, and anti-consumer practices? Because the industry is about adding value to real estate transactions? If value occurs, it’s not by design. It's an exception.

If you don’t like well-deserved, contemptible reputation the industry has inflicted on itself, find a new source of income.

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