Quote:
Originally Posted by Spuds
Going to add to this. Some agents nowadays are pushing to get the deal done quickly. I was lucky getting a fantastic agent, but I know some friends that felt pressured to buy what was available immediately, and less than ideal properties. As I understand it, agents get paid in commission when a property sells so economically, they want you to buy. Not that there is anything wrong with that, but buying a house is probably something that should not be rushed.
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What you say is true - that most real estate agents get paid on commission. Usually the seller is paying the listing agent to list the property and the seller is offering a SOC (selling office commission) which is paid to the agent who bring a buyer.
So, yes, the more properties you list and sell, the more money an agent makes. HOWEVER, a smart agent, that wants to build a client base for future business transactions (repeat business) will not try to sell a property that the buyer doesn't really want to buy.
humfrz