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Real Estate
Reply to "Why do we need a real estate agent?"
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[quote=Anonymous]You don't need an agent (or a lawyer). I've bought and sold many houses without an agent, including my first house. If you know the area and are comfortable with pricing and negotiation, it's not necessary. The only caveat is that the seller agrees to pay the commission of, say, 6%. So, if you don't have an agent, the listing agent SHOULD agree to only take her 3%. In theory, you should get a further reduction of maybe 2%. If you have signed with a buyer's agent, and you buy a FSBO, in generally you would be responsible for her commission unless the seller says they will pay it. [/quote]
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