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Why would agents show a FSBO home for free? They're independent contractors on 100% commission, paying for their own health insurance and retirement- why would

Why would agents show a FSBO home for free? They're independent contractors on 100% commission, paying for their own health insurance and retirement- why would they work for free? Do you work for your employer for free? Buyers are free to find & view FSBO homes on their own, they can easily be found on Zillow and any other listing site. MLS even accepts FSBO listings for a flat $300 or so fee, no agent required

wbl 3y ago
FSBO can pay a buyer agency fee also. The reality is that there is a cartel that props up the 3% to each side.
umeshunni 3y ago
I assume they mean that the selling agent refused to show the house to someone without a buying agent.
- gumby 3y ago
  There's no selling agent in a FSBO (For Sale By Owner). But the buyers' agents often boycott these houses because of course sometimes they are on the sales side.
  - setr 3y ago
    The buying agent’s 3% cut is paid by the seller; if there’s no selling agent, do the buyer’s agent still get their cut? I’m not really clear on why it’s structured that way in the first place — why doesn’t the buyer pay his own agent directly?
gumby 3y ago
> Why would agents show a FSBO home for free? I'm talking about BUYERS' agents refusing to show FSOB homes to the buyers they represent because sometimes they are on the sell side so they don't want to encourage FSOB. If they did represent the buyer in buying an FSOB house they'd still get the buy side commission...a short term gain that would piss off all the other agents in town. In an FSBO there's by definition no seller's commission.
- hash872 3y ago
  This whole idea is totally fake (and I'm not sure you get the difference between a FSBO where the seller is paying a buyer's agent, versus one where they're not). Real estate is a high-turnover job with a bunch of stressed-out independent contractors on 100% commission. They don't care what 'other agents in town' think of them, and there's no giant collusion or conspiracy going on. They're all just trying to close a deal so that they can pay their bills and buy groceries every month. I assure they are not colluding with each other
LastTrain 3y ago
You mean they aren’t trying to find me the best home for my money?
- hash872 3y ago
  >for my money Sure- what are you paying the buyer's agent?

wbl 3y ago

FSBO can pay a buyer agency fee also. The reality is that there is a cartel that props up the 3% to each side.

umeshunni 3y ago

I assume they mean that the selling agent refused to show the house to someone without a buying agent.

gumby 3y ago
There's no selling agent in a FSBO (For Sale By Owner). But the buyers' agents often boycott these houses because of course sometimes they are on the sales side.
- setr 3y ago
  The buying agent’s 3% cut is paid by the seller; if there’s no selling agent, do the buyer’s agent still get their cut? I’m not really clear on why it’s structured that way in the first place — why doesn’t the buyer pay his own agent directly?

gumby 3y ago

> Why would agents show a FSBO home for free? I'm talking about BUYERS' agents refusing to show FSOB homes to the buyers they represent because sometimes they are on the sell side so they don't want to encourage FSOB. If they did represent the buyer in buying an FSOB house they'd still get the buy side commission...a short term gain that would piss off all the other agents in town. In an FSBO there's by definition no seller's commission.

hash872 3y ago
This whole idea is totally fake (and I'm not sure you get the difference between a FSBO where the seller is paying a buyer's agent, versus one where they're not). Real estate is a high-turnover job with a bunch of stressed-out independent contractors on 100% commission. They don't care what 'other agents in town' think of them, and there's no giant collusion or conspiracy going on. They're all just trying to close a deal so that they can pay their bills and buy groceries every month. I assure they are not colluding with each other

LastTrain 3y ago

You mean they aren’t trying to find me the best home for my money?

hash872 3y ago
>for my money Sure- what are you paying the buyer's agent?