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What were the arguments for the 6%? There is a broker in the Bay Area who advertisers that they take half that but the complaints against them see to point to t
by shostack 10y ago
What were the arguments for the 6%? There is a broker in the Bay Area who advertisers that they take half that but the complaints against them see to point to the fact that you'll only get offers from other affiliated agents, and many agents won't share the listing with clients if they can avoid it because they want their full commission.
I'm the Bay Area I feel like a seller's agent is grossly overpaid for what is often a weekend of open house showings and then fending off multiple above list price zero contingency offers.
- joeax 10y agoI've sold houses using discounted brokers and he hates that. He said that buyer agents will dissuade buyers from looking at houses offering less than "standard 3%" to the listing agent (another protectionist tactic). I countered that I don't care. In this day and age buyers are savvy enough to jump on Zillow and Redfin and find my house, and they will demand they see it. If I hired a buyer agent and they tried to talk me out of showing a house over a commission I'd fire them right there.