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[quote=Anonymous][quote=Anonymous][b]The assertion that the agent would be able to pocket all of the commission makes no economic sense to any party involved[/b]. I agree with PPs that you probably need an agent just to (literally) get through the door to the property. [b]By the time you have presented the best offer, you have more room to get money back[/b].

Anyhow, I think its sad that the best arguments advanced in favor of paying a real estate agent a massive commission so far are: (1) You can't conclusively prove you are personally harmed by doing so; and (2) agents will ignore you and prioritize other people who are using agents. What a terrible, entrenched industry. It makes about as much sense as a midevil guild system.[/quote]

what you say make no sense. the seller's agent gets the full commission because this is what usually in the contract. a seller agrees to pay the agent say a 5% commission. and this is what the seller pays. the commossion may be split with the buyers' agent if there is one, but still the terms are that the seller pays 5%

when you have presented the best offer, and the offer has been accepted, you cannot ask for money back. that would be changing the terms of the offer once there is a contract.

in other countries the situation is different, but not always better. I am a foreigner and in my country the seller pays about 2 or 3% commission to the seller's agent. but the buyer pays as much out of its own pocket to the same agent. so at the end agents get almost the same as here, but buyers have to pay the listing agent out of their own pocket. [/quote]

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