Now you have some common sense, When I buy groceries I don't pay for the cost of shipping it to the store or packaging of the product, it's called Cost of goods sold "COGS", the retailer incorporates the COGS into the asking price plus profit margin, at that point as you said they accept or reject an offer. To make a buyer bear the burden of a buyers commission ( The COGS a sellers responsibility ) on top of the cost of real estate is way out of line. Thanks I am glad I seen this I soon need to purchase a place and wondered how I was going to react to this stupid crap. I will definitely make that a condition of my offer, Thanks for the great bit of info.
You are right! Not only all of these sellers who are selling now didn’t pay buyer’s agent commission out of pocket when the bought the house, they are also trying to sell at the prices that already have buyer’s agent commissions included in them - comparables already included 5-6% agent fees in the price.
And since all broker commissions are negotiable, my position would be I'm fine paying a buyer broker commission. I will pay the listing broker 2% and I will agree to pay 1 to 2% to the buyer broker. I would wager that 90% of listing brokers would accept and 100% of buyer brokers would accept. Your thoughts sir?
Hmm, suppose the seller askes the buyer to pay the sellers comm??. Funny? No, same thing. The only education I need is bid and offer. Take it or leave it. I can see a buyer suing the seller that paid the his buyers agent's comm. because he thinks his agent, that the seller paid for, did a lousy job. Can't happen? You bet it can happen!!!!!! I already see house for sale ads stating either " Seller's rep or buyers rep"
It’s not the same thing. Sorry dude. Buyers agent reps the buyer. Why should the seller be obligated to pay the other parties representation. Effectively you’re asking the seller to pay the buyers representation for the service of negotiating against his best interest. It’s only gone on this long because the NAR is basically a racket. So glad they finally got sued (and lost BIG).
@@StructEng12 You didn't read it right....."Hmm, suppose the SELLER askes the buyer to pay the sellers comm??. It is obvious that will never happen but the buyer would ask the seller to pay his buyer's comm. Simple answer to that...Allow sellers to place house on ANY or new listing service. Agents would then find buyers for the listing.
Interesting - every sale is a negotiation. Sellers offering to pay the BAC is an incentive no different than a seller offering to pay closing costs, or a home warranty. Some sellers will offer this and others won't.
Now you have some common sense, When I buy groceries I don't pay for the cost of shipping it to the store or packaging of the product, it's called Cost of goods sold "COGS", the retailer incorporates the COGS into the asking price plus profit margin, at that point as you said they accept or reject an offer. To make a buyer bear the burden of a buyers commission ( The COGS a sellers responsibility ) on top of the cost of real estate is way out of line. Thanks I am glad I seen this I soon need to purchase a place and wondered how I was going to react to this stupid crap. I will definitely make that a condition of my offer, Thanks for the great bit of info.
You are right! Not only all of these sellers who are selling now didn’t pay buyer’s agent commission out of pocket when the bought the house, they are also trying to sell at the prices that already have buyer’s agent commissions included in them - comparables already included 5-6% agent fees in the price.
why would the seller offer buyer agent up front what’s the benefit what do you recommend?
And since all broker commissions are negotiable, my position would be I'm fine paying a buyer broker commission. I will pay the listing broker 2% and I will agree to pay 1 to 2% to the buyer broker. I would wager that 90% of listing brokers would accept and 100% of buyer brokers would accept. Your thoughts sir?
Some agents would definitely accept this - the question do you want to hire the lowest bidder to negotiate the price on the largest asset you may own?
Hmm, suppose the seller askes the buyer to pay the sellers comm??. Funny? No, same thing. The only education I need is bid and offer. Take it or leave it. I can see a buyer suing the seller that paid the his buyers agent's comm. because he thinks his agent, that the seller paid for, did a lousy job. Can't happen? You bet it can happen!!!!!!
I already see house for sale ads stating either " Seller's rep or buyers rep"
It’s not the same thing. Sorry dude. Buyers agent reps the buyer. Why should the seller be obligated to pay the other parties representation. Effectively you’re asking the seller to pay the buyers representation for the service of negotiating against his best interest. It’s only gone on this long because the NAR is basically a racket. So glad they finally got sued (and lost BIG).
@@StructEng12 You didn't read it right....."Hmm, suppose the SELLER askes the buyer to pay the sellers comm??. It is obvious that will never happen but the buyer would ask the seller to pay his buyer's comm.
Simple answer to that...Allow sellers to place house on ANY or new listing service. Agents would then find buyers for the listing.
Interesting - every sale is a negotiation. Sellers offering to pay the BAC is an incentive no different than a seller offering to pay closing costs, or a home warranty. Some sellers will offer this and others won't.