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They each get $10k - buyer and seller. For very expensive homes realtors will often "take a hit" to secure a sale.
by roflyear 3y ago
They each get $10k - buyer and seller. For very expensive homes realtors will often "take a hit" to secure a sale.
- lazide 3y ago5% commission (or even 4%) of a multi-million dollar sale is still a ton of money for the work/expertise/risk I’ve seen Bay Area realtors put in anyway. I’ve never seen anything less than 4%, and the realtors were very cranky. Rural area realtors can be pieces of work too, but at least they aren’t claiming to be worth as much money. ;)
- roflyear 3y agoYou can fire your realtor, and you should if they are a jerk or unresponsive. Like you say, they get a lot of money.
- lazide 3y agoYup, and I certainly have plenty of times. Most people don’t have the context to even know they should/can though, so a lot of crap still happens. Also messy to do halfway through closing. Especially if you don’t want to have to deal with a lawsuit from the realtor. Easier if you already have the brokers direct line of course. They’re the ones on the hook anyway, the realtors are just the ‘front’.