What I proposed is a spin on what’s happening already. Realtors would be paid by the seller. A buyer can choose to use a full-commission agent, or a discount agent, or a fee-for-service agent. Depending on the choice, the buyer gets the buyers’ agent commission credited at closing, and then pays his realtor at closing. But hey, you might have a better plan. I was just writing this off the cuff late last night.
I have no problem with realtor salaries going up with this method. I would like to pay only for the services I use. For some folks this means paying more, for others less. Looky-loos would have to pay under this method, for they drive up the prices for everyone, with their constant need for handholding and being driven to see homes.
But enough about my silly ideas. Sdrealtor, I’m sure you’ve given this more thought. If you have an alternate idea, I’d love to hear it. Ideas on changing the mortgage industry? Changing commission strucutre for title and escrow officers?
