Quote:
Originally Posted by epitome
Correct me if I'm wrong, but the book says that there is no incentive to get it sold for top dollar, right? The theory on that being that the net profit for the agent may actually decrease while waiting for top dollar.
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In my area the typical commission seems to be about 2.5%. If a property is listed at $500k but the agent talks the vendor down to an offer of $450k, the vendor is out $50k but the agent is only down $1.25k... they still get $11,250 for their "trouble"
I'd say there would be more incentive to short sell a property with a slightly lower net commission, and QUICKLY, so they can get their cut and move onto the next vict...err... client.