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by the_watcher
4837 days ago
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Only a bad real estate agent would do this. Their commission is percentage based, so a good agent will try to get you the most possible for your home. Also, it's unconventional, by try an agent who is open to dual-agent sales (represents both the buyer and seller). Their interest in that case is to get the most fair deal to each party. |
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That discounts the value of time. If it takes, say, 40 hours of work to sell your home for $300K, and another 40 hours of negotiations to bump that to $400K, it is not in the realtor's interest to pursue the $100K - he/she can simply pursue another $300K sale in the same time.
A commission based structure tends to have weird cliffs like this subject to the details of the field.