3 ms·

These US fees always seem astonishingly high to me. Here, something more like 1.5% would be typical.

• notaustinpowers 3y ago
  Yeah, it is very high. Although, the real estate industry in the US is vastly different. - Agents do not receive salary, benefits, etc. Their only payment is when they close a deal. - Real Estate Agents are a dime a dozen since the licensing and training is pretty minimal. So lots of competition fighting over small supply, so it can be difficult to consistently get clients. - Agents can pay around $100/month to their Brokerage for E&O insurance, maybe access to legal forms, and a Broker for questions/insight. So they start spending money from the get-go. - Agents, typically, pay all expenses related to the job (advertising, signage, listing fees, etc).
  • jandrese 3y ago
    Yeah, it's tough on both sides. Competition is fierce for leads, but the rates have to be sky high to support the enormous mass of realtors. If the fees drop a lot of people are going to need to find new jobs.
    • idontpost 3y ago
      [dead]
    • flkiwi 3y ago
      If competition is fierce for leads because there is a glut of workers due to nearly zero requirements to become one, one would expect rates to plummet. Which, I suppose, is why we have a collusion situation here.
  • manuelabeledo 3y ago
    This reads like the reason why one shouldn't become an agent in the US. It's honestly hard to feel sympathy for people who are basically gambling their professional careers on the real estate market.
• jjtheblunt 3y ago
  For what definition of "Here"?
  • jfk13 3y ago
    UK