How do realtors get paid?

typically 3% by buyer and 3% by seller

not so humble brag

6% total. Realtors split the fees. They may get 2.5 % each and their companies each get .5%. (Or something similar).

A good realtor is well worth the expense. FISBO's can get drawn out. Plus the bidders lowball.

and how many homes have you bought and sold?

You think you saved money by listing FSBO -- but you didn't. You probably shorted yourself on the original listing price, as you don't have the market insight or know what adds/subtracts value.

Plus, anyone who buys FSBO just takes $10,000 right off the top, as they know you are not paying a realtor.

All you have done is force yourself to do all the work, make yourself more legally responsible, and more than likely.....

took a smaller net. Why?? because your buyers probably had their own agent -- which you just had to pay at least 2.5% to....


I have bought and sold over 30 + houses, and I did not use a realtor for about the first 8-10...

and I was a fool.

Realtors typically pay for themselves.

The ONLY WAY it is better, is if you happen to try and sell FSBO and then get lucky enough to get a buyer without an agent. This is probably less than 2% of all real estate transactions.

Good luck.

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if you happen to try and sell FSBO and then get lucky enough to get a buyer without an agent. This is probably less than 2% of all real estate transactions.

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admit. You made this up.

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Balloon Huffer

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F'ing this!

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Dale Murphy

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Not a real doctor.

Real Estate agents aren't a "waste" of money but there is a ton wrong with the system.

1) They use to control the information, now comps are readily available to the general public. They lord this over you, if you are moving to a different state, I get it, but if you've lived their 5 years it's not as big a deal.
2) Paying a straight percentage of the sale value is absurd. They should get paid on the value they add. Their incentives aren't line up with yours, they are incentivized to sell quickly.
Say you have a 300k house and they would make 2%, that's 6k. You get an offer for 280k, they think you should take it. You think your house is priced fair. You would lose 20k in the deal she loses 400 bucks.

Your dog could get 250k for the house, I think their commission should be a flat fee, plus some sort of bonus for speed of sell and price in excess of what anyone could get.

6% commission is outdated and obsolete. Zillow and similar sites will continue to drive this down because they are having to work less and less for the money