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[quote=Anonymous][quote=Anonymous]It’s not collusion. It was never collusion. Calm down.

Things aren’t going to change very much. [/quote]

It absolutely is collusion. The consumer is boxed in where they can not make a choice or negotiate in good faith. In no other consumer transaction does the seller control how much the buyer pays for service that is supposed to serve the buyer but actually doesn’t. The buying agent presents themselves as representing the buyer but they do not.

The seller/ buyer commission structure is designed solely to push more money into brokerages. It’s fraudulently presented as separate services when it is not. The existence of 2 agents even though one is not representing their client creates the perception that the commission is worth double.

If commissions are solely based on the listing agent, and the listing agent has to actually sell the house by showing it to buyers it would make sense. However this cuts the number of transactions available to brokers in half. Inventory is low enough that competition would keep rates at 2% for listing agent. Without the buying agent scam, brokerages would cut their opportunities for revenue in half.

The other problem with buying agents is that their value to brokerages and the listing agents is that they push deals through by encouraging buyers to concede contingencies, spend more, never walk away, etc whether this is in the interest of the buyer or not. [/quote]

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