We make too much money
That’s the opinion of many consumers out there in regards to real estate agents. And I can’t say that I blame them for their opinion. We’ve seen a lot of questioning of Realtor’s standard 6% commission rate of late. Check out this 60 Minutes piece on commission rates if you’ve not already seen it. It’s really worth watching.
Our Colorado real estate programs are actually a little better than the company profiled in this 60 Minutes segment, but if you’re reading this blog then you probably already know that.
We happen to agree with most consumers in that the 6% commission rate doesn’t make sense. I don’t even agree with companies like Assist-2-Sell because they charge a sliding scale fee (it goes up depending on how expensive your home is) and then they don’t even put your home on the MLS.
We don’t think there should be a difference in fees to sell some Denver real estate that costs 300k, or some Boulder area home that costs 800k. An agent needs to do the same thing to sell both properties, so why should he charge more on one and not the other? It just doesn’t make sense.
June 26th, 2007 at 8:13 pm
I agreed with you. The same amount should be charged for selling each and every property.