Quote:
Originally Posted by troutman
Lawyers charge 1/2?
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Haha no kidding. More like 1/20th (once you remove disbursements)
Anyways, I bought my house without a realtor. I just deducted s standard realtor fee from my offer. Worked out great.
The largest fallacy that realtors tell their clients is that they are working to get them the best deal they can. While I am sure that there are great realtors out there, their motivation is to get you do buy/sell quickly so they can move on to another client.
The pricing structure for realtors needs to change to something that more closely ties effort and time together with cost.
I can tell you that if I got paid a flat rate for each transaction I negotiated and papered I would certainly be incentivized to speed up negotiations as much as possible. But that would be contrary to my clients interests, so its best to stick with an hourly amount to tie the work and the compensation together.