How much commission do realtors get

how much commission do realtors get

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I'm a little reluctant to keep this old thread alive for the purpose of discussion, but when in Rome.

@Dennis: "The free market is based on who advertises the best and reaches the largest number of qualified consumers."

I would respectfully disagree. Advertising means nothing if the product is overpriced, shoddy quality or serves little or no purpose to potential consumers.

The internet has changed RE immeasurably. Print advertising, with

the possible exception of niche properties(such as historical) is virtually obsolete. Almost all properties, with few exceptions, are sold through the mls. The public has access at their fingertips to virtually all available properties.

Therefore, listing agents do NOT normally need to spend a lot of dollars on marketing. Most marketing happens with a touch of the button. Flyers aren't all that expensive and most print advertising is local (with the exception of very high end properties) and usually done because sellers like it that way, not necessarily because it attracts more buyers.

Buyer's agents may have less costs involved for a particular transaction. However as we all know the amount of time and gas involved with ferrying buyers around and researching properties can be considerable.

Just like listings some are more time and cost intensive than others.

    March 16 2011

Source: www.zillow.com

Category: Forex

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