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Sellers, sure but I don't understand why a buyer would NOT want to use an agent? You mention better prices, but I don't believe I'm in a unique environment wher

Sellers, sure but I don't understand why a buyer would NOT want to use an agent? You mention better prices, but I don't believe I'm in a unique environment where the seller covers all costs and agents work on commission. >> The founders of Modern Realty realized that since buyer agents are paid for by commission, they will encourage you to buy immediately and high. Modern Realty allows you to transparently control your transaction. I believe this could be a flawed premise. It's no secret agents are after the quick sale, but it is far easier to convince the seller to accept an offer 20 under than talk up the buyer.

lillu 2y ago
They've basically looking to automate the agent process but want to still take the 3% commission for shittier AI service. I as a buyer have to do the work of looking at the market stats in my area to determine a good offer, while they take all the commission. Absolutely ridiculous.
truk5828 2y ago
Buyer agents are not free. The buyer agent commission has historically been felt more indirectly by the buyer, sure, but sellers pay them out of proceeds. The recent NAR settlement agrees that this needs to be clear. This is also a contributor to higher transaction costs and inflated commissions that Modern Realty seems to be addressing.