[Labyrinthos]

Six Percent is way too much to earn for home sale transactions. It amounts to thousands and thousands of dollars without putting a lot of effort into the transaction. In these days of the internet, it's time to let the market decide prices, not a cartel protected by state laws.

I recently represented the seller on a real estate for the sale of her home. The selling price was $590,000. The house sold in three days. The commission was $35,400, for what amounted to three hours work. My fee was $950 for the transaction, which included negotiating and drafting the contract of sale; drafting the deed; drafting various tax forms and documents; drafting the escrow agreement; dealing with the local building department regarding a problem with the certificate of occupancy; reviewing the title report and taking the necessary steps to clear title; and attending the closing of title. Guess whose fee my client complained about?

[jaydubya2]

$35,000 to sell a house? That's good for you, but your client is probably now realizing that it was not a good deal for them.