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Reply to "Sellers, pls stop offering pay buyer's agent commission! "
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[quote=Anonymous][quote=Anonymous]I’m a foreigner and have bought houses overseas. For comparison’s sake, agents in the UK and Australia act for the seller and in Sydney the typical commission is 2-2.5% while in London it’s 1.8-2.5% including VAT. Buyers agents are not common and probably are more used at the very high end of the market. [b]Is there anything special or different about how the real estate market works here that would justify higher fees? [/b][/quote] The US real estate industry violates trade laws designed to promote competition. So no, no justification. It's just breaking the law. See [url=https://assets.inman.com/wp-content/uploads/2023/03/MemoOpinionAndOrderGrantingClassCertification_03292023.pdf]MOEHRL[/url], [url=https://www.justice.gov/d9/2024-02/420087.pdf]NOSALEK[/url], [url=https://law.umn.edu/events/will-nar-settlement-end-6-real-estate-commissions]NAR Settlement Discussion/Q&A [/url][/quote]
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