Thats like saying I can show up to work get paid up front and maybe do my job. Closing the deal is a realtors job. I would be more than willing to pay for individual tasks like putting the house on the MLS, doing some paper work, but I garuentee you wont like the rates I am willing to pay. It certianly wont be 3-6% of 300 grand.
I think in the past people have just been lazy but now people are realizing how much its really costing them to have someone snap a few photos and slap something up on the MLS. Realtors will defend the rates until the entire market forces them to change, its a massive gravy train. I would never sign a buyers agreement, ever. IF they want to show me MLS properties without a contract and then sign a one time agreement for an offer on a specific house, sure. But if I find an FSBO on my own I am not giving them a cent. I will hire a real estate lawyer and do it myself.
Quote:
Originally Posted by 2bindenver
Who says agents are happy with the current system? I could work for less if the client stepped up and paid me upfront. But why would they risk that. 1 in 3 deals fail to close. But what client would shoulder the rick of having to pay 3 times for real estate services, instead of once?
The seller pays whether its a ring/tv/washer/car/bag of potatoes in our economy. Why should a house be any different?
High risk of not being paid at all = high reward for a completed job.
Low risk of not being paid, as in money up front = lower reward whether the job is successful or not.
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