Kirk's Market Thoughts Message Board

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Non-Tech : Kirk's Market Thoughts

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To: Elroy who wrote (12500)	12/15/2021 10:18:31 AM
From: robert b furman	Read Replies (2) of 26627

Real Estate is going digital. Actually has gone digital. Here 2% for each realtor is the norm. So 4% on a sale is the usual. With inflated prices and the digital world (which is more efficient), this number will continue to decline. I would love to see flat fees apply to all real estate transactions. They are already applicable to lower priced parcels as a minimum. Listing costs are now electronic. Real estate brokers take a big chunk of the commission from the actual selling agents commission. The broker fee is being attacked by independent agents who pass the broker test and time requirement. Just as used car profits have been whittled away from the internet so too will real estate commissions. That being said one of my best friends is a realtor with home construction and masonry experience. His guidance and experience regarding buying a home in need of repairs is more than worth his usual 2% fee. Inspections should be mandatory, if your agent is not knowledgeable. Bob

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