The Real Estate lobby is the largest in the US. That's why they rip us off for those outrageous fees!

You can also thank them for your mortgage interest deduction.

Why is it the Seller pays both Seller's agent and Buyer's agent which they then split?

Say you're selling a $1.5 million home. That's $90,000 out of the Seller's pocket at 6%.

What alternatives are there other than sell it yourself?

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:It is news to me that agent had to submit all offers. We liked a house earlier this year and were considering it seriously wrt price. Knew that it would go above asking because of the area. We decided our limit was X over asking. Agent came back to us and mentioned that it wouldn't fly since they already had an all cash offer for greater than our maximum. So we didn't bother. Turns out the final sold price was under our limit and found that seller's agent kept the sale within his family (his relative who is a realtor within the same agency served as the buyer's agent.

You should report that realtor to the state board for an ethics violation.

Btw, this is why I hate, hate, hate crappy RE agents. I loved my own buyers agent, but there are some epically bad agents out there, both incompetent or evil

Wow. You should also notify the seller so they can sue their agent for fraud.

You DEFINITELY should notify the seller and the real estate board. Agent here (and not a crappy one)! Agents are bound to present ALL offers to sellers until the seller ratifies a contract.

BTW, Once AGAIN, so much agent hating on this board. I am really trying to refrain from getting snarky as to why you all are hating on all of us (or maybe it's just the one TROLL). Yes, there are some bad agents, like there are some bad lawyers, bad DC MOMS . . . . most of us are hard working professionals trying to get you the best deal possible on your purchase or the most money possible on your sale.

Anonymous wrote:

Anonymous wrote:It is news to me that agent had to submit all offers. We liked a house earlier this year and were considering it seriously wrt price. Knew that it would go above asking because of the area. We decided our limit was X over asking. Agent came back to us and mentioned that it wouldn't fly since they already had an all cash offer for greater than our maximum. So we didn't bother. Turns out the final sold price was under our limit and found that seller's agent kept the sale within his family (his relative who is a realtor within the same agency served as the buyer's agent.

You should report that realtor to the state board for an ethics violation.

Btw, this is why I hate, hate, hate crappy RE agents. I loved my own buyers agent, but there are some epically bad agents out there, both incompetent or evil

Wow. You should also notify the seller so they can sue their agent for fraud.

Anonymous wrote:It is news to me that agent had to submit all offers. We liked a house earlier this year and were considering it seriously wrt price. Knew that it would go above asking because of the area. We decided our limit was X over asking. Agent came back to us and mentioned that it wouldn't fly since they already had an all cash offer for greater than our maximum. So we didn't bother. Turns out the final sold price was under our limit and found that seller's agent kept the sale within his family (his relative who is a realtor within the same agency served as the buyer's agent.

You should report that realtor to the state board for an ethics violation.

Btw, this is why I hate, hate, hate crappy RE agents. I loved my own buyers agent, but there are some epically bad agents out there, both incompetent or evil

It is news to me that agent had to submit all offers. We liked a house earlier this year and were considering it seriously wrt price. Knew that it would go above asking because of the area. We decided our limit was X over asking. Agent came back to us and mentioned that it wouldn't fly since they already had an all cash offer for greater than our maximum. So we didn't bother. Turns out the final sold price was under our limit and found that seller's agent kept the sale within his family (his relative who is a realtor within the same agency served as the buyer's agent.

Anonymous wrote:meant to say "RE agents should NOT get a percentage of the sales price" typing too fast. just thinking about all the a**hole RE agents I've dealt with makes my blood boil.

You seriously need a new hobby, more to worry about, and maybe some serious therapy and medication. You really do sound pathologically unhinged.

meant to say "RE agents should NOT get a percentage of the sales price" typing too fast. just thinking about all the a**hole RE agents I've dealt with makes my blood boil.

God, I loathe RE agents. The Real Estate lobby is the largest in the US. That's why they rip us off for those outrageous fees! It's insane. They should charge fees for service, and buyers should pay for showings, but not get a percentage of the house sale.

I only met one RE agent I liked, and she worked for Redfin. No sales pressure, no lying, just did the deal efficiently and quickly. We asked all the questions we wanted to ask, and she got answers when she could. The sellers agent was a PITA, and she dealt with him as best she could.

If you have a contract, OP, you have the right to ask questions. And the sellers can't back out of the deal. They have to fix things that are wrong with the house, within reason, as stated in your contract. If you are buying it as is, then you are out of luck in the negotiations.

Your agent, like most agents, sounds like a real jerk. Ask anything you want.

1. Ask all the questions you want, OP.

2. If your agent and the listing agent work for the same firm it's designated agency IF you have a buyer broker agreement signed with your agent. Otherwise your agent is working as a sub-agent for the seller.

3. Enough with the agent bashing PP, it's tiresome.

Agent wants it done so he/she gets paid. Period. You can ask anything you want.