OldShooter
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
All possible IMO. One story I read, though, said that the MLS listings can no longer indicate commissions, the idea that if a low commission is shown (as is true now) then agents will avoid showing the house. So how do you offer the carrots to agents if you can't do it in the MLS advert?What if as a seller I want to offer a buyer agent a commission to induce the buyer agent to show my listing to their client over listing that don't have such an inducement?
Or would we shift to a model where the seller pays a commission to the selling agent and the buyer pays a commission to the buyer agent?
Even so, as a seller I might want to juice traffic on my listing by offering an inducement to the buyer's agent to gain an advantage.
One thing about this thread that I don't understand, though, is the focus on commissions and rates. An attorney doesn't get paid based on the size of the deal he's helping with and a tax preparer CPA doesn't get paid based on the client's AGI. Both are working with a fee for services model (except for PI and class action attorneys.) So why won't real estate services (like RE closing costs now) move towards a fee for services model? I'll probably never again sell a house but if it happens the first thing I'll do is expect an agent's fees to be traceable to specific services he/she is offering to provide.