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Updated almost 9 years ago,
Poll: Buying + getting 1/2 of the buyers commission back. Smart?
Residential investors: What do you think of a service where you get 50% of the commission from the buyer's agent?
A contact of mine is putting together a startup that lets you:
1. Shop for residential houses online via MLS DB
2. Schedule time to see the property with one of their licensed agents (a real person)
3. Make offers online via said licensed agent
4. Get back 50% of the buyer's agent commission (effectively 1.5% of the sale price since the buyer's agent normally gets 3%)
I have 2 properties now and am hunting for a 3rd. I'm doing all the let work myself in terms of searching and evaluating what to buy. So this service seems excellent to me, but am I missing something? What do you think?