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by civility
2559 days ago
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> But considering that in the US it's the seller who pays both agents, there are no immediate savings for potential buyers [...] This is all part of the scam, and I'm surprised more people can't see through it. Five people walk into a room at closing. There are two agents, a title agent, the seller, and the buyer. Only the buyer brings any money - so it's pretty clear who is paying. Put it another way - if the seller goes with a lower percentage agent, then the buyer keeps more of the offer price, and should therefore accept a slightly lower offer. This saves the buyer money too. > Among some not so obvious valuable tidbits that the buyer's agent can provide: [...] And you think that's worth 6% of a house that costs hundreds of thousands of dollars? I think that's insane. This all sounds like a pitch from a realtor. |
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I was hoping perhaps someone from the industry could comment on why those agents haven't overtaken the market by storm.