A homeowner details his experience navigating the new regulations requiring buyers to pay their own agents, uncovering a hidden fee sellers may be unknowingly paying. He questions the justification for this additional fee, claiming the seller's agent took on no additional meaningful work or liability.
Traditionally, seller’s and buyer’s agents have collected a fee of 6% . However, new regulatory changes require the buyers to pay for their own agent, unless offered by the seller or negotiated by the buyer.
The deal was competitive , so we paid the full list price — we didn’t save 3%. However, what I learned next disturbed me. The seller most likely didn’t save 3% either! But how?
Real Estate Buyer's Agent Seller's Agent Listing Agreements Hidden Fees
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