Would paying real estate agents a flat fee help prevent such high prices for real estate?

17 Answers

Relevance
  • 3 weeks ago

    It does not depend on agents. Increasing prices depend on country economy, location, demand etc. Comissions do not influence high prices. Real estate agents are usually responsible for the following: property search, sales, investment strategy advice, tax structuring, bank financing and residence issues.

    • Login to reply the answers
  • 8 months ago

    No... Agents & what they are paid do not have anything to do with the prices of homes

    • tfrost20025 months agoReport

      A percentage of the selling price seems some incentive to inflate the price doesn't it.

    • Login to reply the answers
  • 8 months ago

    Buyers set the market, not agents.

    • Login to reply the answers
  • Judy
    Lv 7
    8 months ago

    no................

    • Login to reply the answers
  • How do you think about the answers? You can sign in to vote the answer.
  • Anonymous
    8 months ago

    No, not at all.

    • Login to reply the answers
  • R P
    Lv 7
    8 months ago

    No. The price of real estate is determined by supply and demand.

    • Login to reply the answers
  • 8 months ago

    Doubt it. Real estate commissions are typically about 6% of the sales price but the realtors and their companies work for those fees. Most agents seem to be just scrapping by though there are some notable exceptions. If you said agents paid say $1000 flat fee then the agents would just do far less work per house. This may cause prices to go down a bit but this is offset with other problems like buggy contract and agents going bankrupt and even if it did make prices go down, probably only by a few percent.

    There is a push to every pull, it might have some effect but might also have a negative overall effect.

    • Login to reply the answers
  • 8 months ago

    No it wouldn't. It's a misconception that agents value a property and then add their commission. Not so. The commission is a selling expense.

    • Login to reply the answers
  • 8 months ago

    No, commissions don't force high prices, economics do. Economics also determine the price of everything else.

    • Login to reply the answers
  • ?
    Lv 7
    8 months ago

    Agents are NOT responsible for high real estate prices. MOST Real Estate agents are paid a fixed percentage of the final sale price of the property. The sale price is subject to negotiation between the seller and the buyer, and the agent is not directly involved.

    • Login to reply the answers
Still have questions? Get your answers by asking now.