Reply to New Commission -3%

Forum Index » Real Estate

Reply to "New Commission -3%"

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous][quote=Anonymous][quote=Anonymous]Try and negotiate on your own and see what happens. [/quote]

Certainly not everyone but many people are capable of negotiating large purchases.

[quote=Anonymous]When you are making the largest financial purchase of your life might you want representation from a professional who does this every single day?  Who is looking out for a buyer's interest?  [/quote]

That’s a reasonable justification for a competitive marketplace of agent services (fee-for-service, commission, etc...) for buyers who feel more comfortable delegating negotiating responsibility.

[b]What’s being taken to task here is the fixed fee buyer-broker scheme and the idea that this along with compulsory buyer representation is necessary for every real estate transaction. [/b]

[/quote]

Exactly. Imagine if all the stock brokers came together and said they wanted all stock purchases and sales to go through them for a 1% commission, because otherwise people might make bad investments, might make mistakes, might get taken advantage of, etc. That would be crazy. But that model exists for anyone who wants it, and many people do use full-service brokers and wealth managers. But there are much lower-cost options for people who want less handholding, and many people use those also. Choice is a great thing.[/quote]

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics