Where I live some real estate companies charge a slightly lower (0.5% less iirc) fee in order to try to acquire more sellers. I would imagine this happens elsewhere, so I have to wonder - have there ever been any studies done to see if the agents fee actually has an effect on final price if it is higher or lower than the norm in an area?
I suspect the data already exists to analyze this and we could find out for certain if it is true or not. Part of me feels like it may, but then another part of me wonders if sellers will demand market prices regardless of what their agent cut is, and it isn't like the buyer cares where the money goes - $xxx for a house is the same cost whether the agent gets 3% or 1%
I suspect the data already exists to analyze this and we could find out for certain if it is true or not. Part of me feels like it may, but then another part of me wonders if sellers will demand market prices regardless of what their agent cut is, and it isn't like the buyer cares where the money goes - $xxx for a house is the same cost whether the agent gets 3% or 1%