Reply to Sellers, pls stop offering pay buyer's agent commission!

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Reply to "Sellers, pls stop offering pay buyer's agent commission! "

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[quote=Anonymous]I completely agree that something like this happens. We’re in the midst of buying and selling, and it’s clear that there’s a ton of peer pressure and some collusion to keep the fee percentages high. The agents all see what percentages their brokerage colleagues are getting, and their brokers review all of their agreements (buyer or seller side). There’s very little willingness to negotiate, and we’ve been told by all the agents we’ve interviewed that if there’s not a strong buyer fee (like above 2%) then we’ll lose buyers. And I believe it. We’ve also been told by all the agents that the full price agents won’t work with the discount agents. And I 100% believe that if we used a discount agent we would not get buyers who are being represented by the big brokerages. In the neighborhood we are selling in, those listed by discount brokers are sitting longer. And the agents we’ve talked to tell us that the homes are overpriced. But meanwhile the big brokerages are pushing pricing on the homes they list, and they are using getting the prices, and it’s not unusual that the buyer agent is from the same brokerage, so both agents have incentives to push the price and get the deal done.

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