Quote:
Originally Posted by margaretmattson
I believe we understand that. Are you going to pay your buyers agent $10,0000+ out of your pocket to help you buy a home? That cost is in addition to the sales price.
Good news! You won't have to! Don't use a buyers agent and deal with the listing agent direct. No fees for you!
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This is purely a speculative question. I don't pretend to know the answer. Say they do indeed remove buyer's agent fees from the listing. Do you think listing agents will lower their commission? What if they are no longer making the money as a buyer's agent (most agents do both). If they still charge ~5%, it doesn't really change anything except the buyer isn't represented.
If a buyer now can pay a fee, maybe a fixed fee, they will be paying more if the selling agents aren't lowering commissions. Keep in mind the agents need to make a living.