Viewer questions on real estate agents fees

Published 2024-07-19
Ron Butler, mortgage broker at Butler Mortgage, Bob Dugan, chief economist at Canada Mortgage and Housing Corporation, Lauren Haw, broker of record and industry relations officer at Zoocasa, join BNN Bloomberg to discuss real estate.

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All Comments (6)
  • @TheDonjuan15
    The real estate commission structure is one of the dumbest structures I've ever come across. It should be a FIXED FEE. There is no real "skill" offered by the real estate agent that deserves $20-30K payments. It's an idiotic compensation structure that should be the same as paying a lawyer for closing the property.
  • The problem with selling without a real estate agent/not offering commission to the buyer's agent is that most agents will discourage them from even seeing your property. If you decide to sell without an agent (which is totally doable, you need a good lawyer and photographer), you should still offer a commission to the buyer's agent. If you buy you should use an agent, unless you want to fork out for every single offer made
  • I’m a new dad, I moved to the Bay Area a few years ago and I’m thinking of purchasing a single family home, but with real estate prices currently through the roof, is it still a good idea to buy a home or should I invest in stocks for now and just wait for a housing market correction? I heard Nvidia and AMD are strong buys.