Would paying real estate agents a flat fee help prevent such high prices for real estate?
- 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.
- motivatedjay_c0mLv 58 months ago
No... Agents & what they are paid do not have anything to do with the prices of homes
- curtisports2Lv 78 months ago
Buyers set the market, not agents.
- JudyLv 78 months ago
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- Anonymous8 months ago
No, not at all.
- R PLv 78 months ago
No. The price of real estate is determined by supply and demand.
- SlumlordLv 78 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.
- realtor.sailorLv 78 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.
- linkus86Lv 78 months ago
No, commissions don't force high prices, economics do. Economics also determine the price of everything else.
- ?Lv 78 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.