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Reply to "New Commission -3%"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Woo hoo, about time!! I look for real estate listings myself and I contact listing agents myself. Why do I still need to pay someone $60,000 (3% of $1 million) for that service? I was going to do FSBO but if the commission goes down to 1% I might consider using an agent. NAR will also no longer get exclusive access to MLS. [/quote] Just the fact that you wrote this explains how ignorant you are about the process. [b]You will still be paying that 60k. Do you really think that sellers are going to cut their price 60 K for you? The only difference is now you will be paying that baked in commission without actually having an agent. [/b] [/quote] Exactly.[/quote] Even if this were true (which is highly debatable), I'd be fine with it. I'd rather have the seller pocket 3% extra than for that 3% to go to an agent. [/quote]
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