Sunday, March 23, 2008

Who pays? Buyers Agency Part 1

Who pays the realtors or realtor when a house sells? The seller? Not if you ask me.

video

Think about it. You pay $215,000 for house, the seller gets around $200,000 and the realtor(s) split the other $15,000. If you just happened to meet this seller at the moment they decided they wanted to sell, in theory he would accept the same $200,000 he got in the above scenario wouldn't he? I think so, and you would have bought the property for $200,000, not $215,000.

So who paid the realtors?

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