Quote:
Originally Posted by frayedends
How is the current system "double dipping"? The seller knows that their agent is paying a co-broke commission to the buyer agent.
The changes aren't going to do a darned thing. The seller agents will still recommend the seller pay the buyer agent. Buyer agents are still going to want to get paid and if you are a seller you will want your house to be shown.
I could see circumstance where seller refuses to pay buyer agent, and the buyer agrees to pay their agent. But in the end, what the buyer has to spend will have to include what their agent is paid. This is all smoke and mirrors, just shifting how it's communicated.
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Double dipping refers to a situation where the seller’s agent also finds a buyer and therefore does not split the 5-6% commission. In other words, they get both halves of the commission as there is no buyers agent to pay from the commission paid by the seller at closing.