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re: Thoughts on real estate agents and their commissions

Posted on 3/30/15 at 8:55 am to
Posted by BigAppleTiger
New York City
Member since Dec 2008
10390 posts
Posted on 3/30/15 at 8:55 am to
quote:

Message Posted by The Mick You don't know what you're talking about.


He's actually one of the few that does know what he's talking about in this thread.
Posted by The Mick
Member since Oct 2010
43222 posts
Posted on 3/30/15 at 11:48 am to
quote:

He's actually one of the few that does know what he's talking about in this thread.


This was tbobby's comment that I replied to:
A buyer's agent does not cost the buyer anything. The seller pays all fees (usually 6% commission split equally between the buyer's agent and the seller's agent)

Stout was referring to a buyer's agent when the seller is FSBO. A true buyer's agent represents the buyer even though the seller doesn't have an agent. The seller does not agree to pay any commissions, the buyer pays his own agent's commissions. (not very common but does happen). perhaps a misunderstanding all the way around...
This post was edited on 3/30/15 at 11:54 am
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