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USA has a different system than in the U.K. Or Australia. In the US, buyers go and get a buyers agent to help them buy the house. Buyers agents get 3% and sell
by lukevdp 9y ago
USA has a different system than in the U.K. Or Australia.
In the US, buyers go and get a buyers agent to help them buy the house. Buyers agents get 3% and sellers agents get 3%. (Actual amounts varies wildly)
In UK and Australia, 99% of people do not use buyers agents. The agent showing buyers through the house and answering all the questions works for the seller. There is only one agent so only one commission.
Selling privately is popular in the U.K., but much less popular in Australia however the segment is growing). USA less so again.