Quote:
Originally Posted by retiredguy123
Apparently, the OP thinks that any commision paid to an agent just reduces the amount of money that goes to the seller. If that is true, then a seller would be foolish to pay any commission. Also, regarding a buyer's agent, as a seller, I would never allow a buyer's agent to receive any money from my side of the settlement statement. If a buyer wants to be represented by an agent, the buyer would need to negotiate and pay their own commission or fee.
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So, if you’re selling your home for “X” and agree to a 6% commission with your listing agent, why do YOU care if s/he agrees to split that commission with someone who brings you a viable buyer? That is, a BUYER’s agent. Your home still sells for “X” and there is NO extra $ out of your pocket. Again, WHY DO YOU CARE !? It’s only fair that s/he gets paid so why do care how—it doesn’t affect you. That buyer probably couldn’t afford your home if they had to come up with another $12000 out of pocket. All this lawsuit does is diminish the buyer pool…especially first-time homebuyers. It is NOT going to make homes more affordable as they claim. Why? Because you’re still going to sell your house for as much as you can regardless of commission!