Flip flop posted:
Well it is pretty easy to see who on this forum are the realtors on here or who has relatives that are realtors.
I'm not a realtor, never have been, and none of my relatives a realtors. However, I've had some very good experiences thanks to the services of competent, well experienced realtors who managed to get my properties a lot more exposure and a higher price than I could have. They also screened the buyers, thus reducing looking loos and potential burglars.
I have no doubt that there are other realtors who lack competence and/or integrity but my experiences have been "mostly" positive. I do think the current bubble pricing is something that should help negotiate a more reasonable commission for the selling agent but I wouldn't try to turn the screws on the buyer's agent.
With that logic why not pay realtors a straight 10% commission that would be even a better incentive for them to sell at the highest price.
There are times when I would agree with an additional reward for the buyer's agent but this market is not one of them.
In fond memory of Taipan, a model of modesty, decency, dignity and tolerance. Long may we all prosper from the tremendous legacy of worldly wisdom and specialized real estate knowledge which he left in the "Arguments" thread.