Real Estate Talks

Then change the commission on them at the 11th hour

You can't change the commission.
You have to pay whatever is posted on MLS the day the home was viewed

Very useful. So what you're saying/implying is, if a seller wants to save money on commissions, is to offer the full buyers agent fee but get a break on the listing side from you. Right?

Pay her 7% and 2.5%. Buyers agent gets 46.5% of that

No wonder so many realtors drive luxury cars and wear Hermes scarves.

Hmm... I wonder why 80% of new realtors leave the business after two years

The buyer might be paying the realtor the difference of what they can lowball and the market price.

There is no such thing.It'sillegal.
Is it greed to want to get paid for your work and recover expenses necessary to do your job?
Are you working for free?

He may have a buyers agent contract with them. Most likely he would be charging them 3.22/1.15 approx.

oli, you've got a lot to learn. Normally commissions are paid by the seller NOT the buyer. The realtor here, PV's buyers agent, as thinktom said, will try to negotiate a commission with the sellers, and if PV ends up not buying the house, he will try to list the place. Working with a serious buyer w...

My tenant wants to buy my house for appraised value. In your experience, how off are private appraisals vs realtor?

Get 3 CMAs (Comparative Market Analysis) done by 3 realtors and the average is most likely the market value. Sell it for that.

to me a $24,500 commission seems to be outrageous.

Don't forget the commission is divided between the listing agent and the buyers agent (the realtor who brings the buyer).
54% normally goes to the listing realtor ($13,230) and 46% to the buyers agent ($11,270)

economic barriers to competition.

With 9,000 realtors in the Lower Mainland competing for your business, hundreds of offices from full service & commission to partial service & commission, to flat rate offices, to 1% types brokerages... nope there is no competition at all.

1) Even if the FSBO can save on the listing side of the commissions, Buyers are usually represented by a Realtor (because on the surface, it appears to be "free") so the FSBO will still need to pay the Buyer's agent. Yes the FSBO would still have to pay the buyers agent, but this is not too bad, co...

oli wrote: $ is $, not sure what you mean. Commissions have a listing portion going to the listing agent, and a selling portion going to the buyers agent. You can negotiate the listing portion all you want, it won't affect the sale for as long as the listing agent is willing to take the listing, but...

Can Realtors honestly say that the actual # of hours of work they actually put in is worth tens of thousands of dollars? Again, TOTAL amount of work and NOT the duration it spans. Prices are set by supply and demand, not by how much work is put in, unless it is hourly paid work. Besides, realtors a...

I got a lowball offer of 20% under market value from Kit Matkaluk from VPG Realty. I replied to a form letter he'd scattered throughout the neighbourhood. ... They give me a chuckle. He may be working with potential buyers, it's a possibility, although not a probability. But at 20% less than market...

No, Austin I totally disagree with you, there is absolutely no obligation to have a site like realtor.ca available to the public. The CREA can take it down tomorrow if they feel like it. No anti-trust laws would have been broken. .. if someone came along and created a monopoly such that the only way...

Maybe you shouldn't have said... you live in the best place on earth... nobody is going to talk to you.