Quote:
Originally Posted by defrey12
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!
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Because a seller is paying the broker for legal representation. A buyer's agent does not represent the seller. An agent who is representing a buyer is not required to negotiate the best terms and price for the seller. As a seller, who is paying a 6 percent commission, I want every licensed agent who is involved in the negotiation of the sale to be representing me, the seller. That is what I am paying for. I don't care how the commission is split, as long as all of the commission goes to agents who represent me. And, I don't believe that an agent who represents the buyer is capable of negotiating on behalf of the seller and to get the best price for a house.