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To: purpleraine
It was common years ago for agents to get and split the 6 percent.

I would never *ever* pay 6 percent for someone to list a home and do some paperwork. With the big increase of housing prices, (in my area), even in a slow market, 6 percent was a huge pay raise to the RE agents. I never got that large of a pay raise, so I am not prepared to give a RE agent that kind of raise just to list a home. Again, I am talking my area.

Sales commissions are all negotiable and I would urge anyone selling a home to vigorously negotiate the sales commission.

93 posted on 08/02/2008 6:45:15 PM PDT by dragnet2
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To: dragnet2
I am an broker, you don't have to give me commission 101 lessons. You said no one was getting 6%. I said that's not true and gave some examples which are common place in soCal.

Instead of acknowledging the point you spun the conversation to yourself. I wasn't talking about what you would pay or what I would charge.

100 posted on 08/02/2008 8:33:16 PM PDT by purpleraine
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To: dragnet2
I just saw the comment “do some paperwork.” I went to school for one year to get a Risk Management Designation. Our average transaction starts with 17 pages and the final typically runs over 100 with reports, loan docs, and such. If you know the difference between local mapping and centralized mapping from a hazard disclosure company, if you know which inspectors will go to court and which won't, and if you can figure out all the other pitfalls and traps of buying a home in California by yourself, God bless you!

Lastly, when the listing agent is getting 5-6% and you have a buyer's agent who will get paid from that, your service is indirectly free because the seller is already factoring that into the transaction. It's not negotiable down since the seller has a contract with their agent to pay the full commission. You're paying for it whether or not you have an agent.

105 posted on 08/02/2008 8:50:53 PM PDT by purpleraine
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