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Buyers are doing most of the work, yet they find themselves having to go through an intermediary. Buyers do not buy the myth that “Commissions are paid by sellers.” They know these commissions are part of the gross purchase price and paid exclusively by them. Most consumers want an innovative online business environment with functionality that incorporates optimal data sources, analytical tools, marketing exposure, and opportunity leads in a comprehensive and user-friendly online solution. Realtor to pay this fee to, not to mention the extra legal ramifications this real estate agent will be accepting with you paying the fees. Another common complaint about real estate agents is that they don’t possess adequate knowledge about all factors related to determine a homes value. One consumer even stated that Realtors are not the brightest bulbs. Because of these perceptions, consumers dont feel real estate agents earn their commissions. I must agree with this statement as most agents in Las Vegas have very little knowledge much less understand there are more factors to determine a homes value than a comparative market analysis. Canada. The buying home for half price did use to exist as well. At one point, foreclosures in Canada would allow foreclosed homes to be sold at rock bottom prices. The new law, which has been in placed for many years now require the homes be sold at the highest possible price for foreclosed homes or else the lenders could be sued. Hence, sometimes foreclosed homes sell higher because Canadians have the misconception that foreclosed homes are a really good deal causing it to have a reverse affect.

Source: Simarc