Quote:
Originally Posted by Realtor 1
In the grand scheme of things, it balances out over the course of a lifetime (in most cases).
Chances are the seller is buying a home after and won't pay.
Although it shouldnt be the case, most buyers save up for their DP and it would be a huge financial burden to have to pay a commission.
A seller typically has equity to pay commissions.
When the seller sells, they need to go buy (again, in most cases) so they can look at is as if the commission they paid the buyers agent on their sale, this commission is simply their buyers agents commission which is paid in advance. Obviously that is not how it is outlined but it could be viewed that way.
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That's the sales pitch of it. But the problem is that the current system leaves the buyer unable to make a choice between paying for the services of a Realator or not. The cost of using is built in.
One person could be fine with just paying for a key service to view homes while others would want full market analysis and arrangement for bank and home inspections. The current system does not allow for this. Also if a buyer chooses not to buy effectively wasting the realtors time the Realator (and all other buyers and sellers) pay for this.