Demonizing Real Estate Commissions
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I just read an article by Al Lewis entitled: "Cut foreclosures by slicing real estate fees." (You can read the entire article by clicking HERE.) And if you'd be so kind as to allow me to blow off some steam at the get-go (I'd appreciate it): What is it about folks that have a problem with Real Estate brokers and agents receiving remuneration for their services? It's the underlying theme/point/agenda of Lewis' article quite frankly. As he sees it 6 percent commissions are responsible for the foreclosure mess (not government intervention~no) and by doing away with these "hidden" charges the market will see a turnaround and the consumer will be better served. I have a few questions for Mr. Lewis. First of all, I would like him to enlighten me as to how a foreclosure is tied to a real estate commission? That's like saying the Titanic sank because of the ticket price to come aboard. Secondly, Mr. Lewis, how is a real estate commission "hidden"? Under the bed? The law requires that it be communicated upfront along with a signature on a contract by a buyer or seller acknowledging they understand the cost and will pay for it. Thirdly, Mr. Lewis, how can the market see a turnaround apart from the involvement of real estate professionals who are a benefit to the consumer offering services and deserving payment for those services like any other business person in America? One final question/thought. Did Mr. Lewis get paid for writing his article? I want my money back.Labels: calaveras county, commissions, lake tulloch real estate, mother lode, real estate, real estate twain harte, sonora, tuolumne county



