Reply to New Commission -3%

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[quote=Anonymous]I think it will incentivize buyers - especially those who are self-driven and/or have purchased before - to not even bother with a buyers' agent. It's not hard to write an offer and submit the required documentation to the seller's agent. It will just be another contingency to waive to make your offer more appealing - "Buyers' Agent Fee: $0"

There will be an online software package for your jurisdiction to write your own offer for $25 a pop. It will have all the contingencies listed and you can fill them out yourself - price, escalation, inspection, financing, buyers' agent fee, home sale, condo doc review, closing period, rentback, drapes & sconces & mature plants included in the sale, etc.

Now, I bet some shady sellers' agents will try to avoid presenting un-represented buyers' offers. There will be another round of lawsuits. The collusion between buyers' and sellers' agents will become much more informal and localized. No way in hell are agents giving up half their income base.[/quote]

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