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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: microhoogle! who wrote (21193)	6/2/2004 1:36:12 PM
From: TraderC	Read Replies (1) \| Respond to of 306849

That is certainly very tempting. I have been thinking about that myself also. The only problem is that in the hot market out here, many builders are declining payments for agents now.

To: microhoogle! who wrote (21193)	6/2/2004 1:36:43 PM
From: Tradelite	Read Replies (1) \| Respond to of 306849

Murali, you wouldn't have gotten a 6 percent commission from the builder. No single agent gets that much--you'd have to be the listing agent on that house, as well as the buy-side agent. And unless you hold a sole proprietor broker's license, you'd have split your presumed 3 percent with your broker. So your net gain would have presumably been only 1.5 percent or close to that. As for the other scenario you mentioned (agent splitting commission with buyer)--it's not uncommon to give a rebate of some commission to a client. Depends on the situation. Certainly doesn't qualify as making a quick buck, however. I found my own house and paid my buyer-agent a reduced fee, which he agreed to for a variety of reasons. For one thing, the house was way more expensive than anything he expected us to buy, so he felt he was coming out OK. Many people have always accused agents of making a quick buck, no matter what they do. Most of these accusers wouldn't last in that business for one day, though.<<gg>>