Quote:
Originally Posted by Geoc
In fact, if negotiations come down to a sizable gap between buyer and seller's asking price, realtors often cut their own commission (both buyer and seller's) to close the deal.
|
Like I said, realtors will do whatever is needed to make the deal. (does not matter if it’s the wrong deal) If the seller considers the price to low or buyer wants to walk because the price is to high then the realtors may reduce their commission (always by a measly amount) and then try to guilt the buyer or seller (whoever is softer and easier to play).
They will try to make the other parties feel that they are being unreasonable and either they should pay more than they want to, or sell lowered then they really want to.
After people have paid 10s of thousands too high for the wrong property because your realtor gave up $1000 out of his $10000 commission, they often don’t even realize how bad the deal really was. They will often praise that same realtor and recommend him to all their friends.