DC Brokerage Announces a Bold Flat Fee Option for Sellers

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This article originally published at http://dc.urbanturf.com/articles/blog/dc_brokerage_announces_a_bold_flat_fee_option_for_sellers/7767


  1. whoa_now said at 6:37 pm on Friday November 1, 2013:
    Writing on the wall. Internet makes real estate agents obsolete in hot mkts. Why not go to a lawyer, pay 1000-2500 in fees to handle the sell and buy a MLS number and do for sale by owner. 6% for houses that sell for over 600K and are on the mkt for one weekend?
  1. Mal said at 6:45 pm on Friday November 1, 2013:
    I would like to see the trend move towards buyers paying their own agrents' fees. That will cause buyers' brokers to bring down their rates to a reasonable amount or begin charging hourly. And sellers can avoid having to pay at least 3% on huge transactions.
  1. whoa_now said at 7:34 pm on Friday November 1, 2013:
    Agree with Mal, anyway a for sale by owner can negotiate with the buyers agent for a less than 3% fee?
  1. John said at 7:35 pm on Friday November 1, 2013:
    I'd give it another 24 hours before a barrage of NAR folks come on claiming all these benefits of using a realtor in a weird cult like fashion. I agree with the other posters --- 6% for about 1 hour of work is pretty good if you can get it. That being said my only reason for holding back on the for sale by owner concept is that there is a stigma that they are overpriced and it is a stubborn seller....and the realtors are happy to promote that idea as well.
  1. jj said at 1:43 am on Monday November 4, 2013:
    Agents have their use, and some are fine and do work hard--although in my experience the herd needs to be thinned of do nothing, know nothing, promise the moon and delivery nothing agents. But in a market like upper NW where single family houses start over 1,000,000, the money they earn for the hours of work done, usually is not justified--especially in upper brackets. I will be using a discount agent the next time around.

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