Do you really need a real estate broker

The seller’s agent can be used to take advantage. It is worth remembering that the seller’s broker communicates the buyer’s offer to the owner of the home, and advises that person whether or not to accept the offer.

The broker usually receives 5 percent of the sale price of the home, which he then divides with the buyer’s broker. That system seems to align the incentives of the seller’s agent with his client. When the sale price is higher, the broker’s commission is also higher.

But soon after investigating, the problem is discovered. The seller’s broker has an incentive to sell quickly. In this way, time and effort decrease. But the seller wants to make the most profit possible.

More than in the vast majority of contracts. 5 percent of the difference in $ 100,000). Therefore, the seller’s agent has a subtle incentive to recommend the seller to accept the lowest bid. It is generally the agents, instead of the sellers, who propose price reductions.