Month: January 2021

  • Are real estate commissions fair?

    Reader Question: Are real estate commissions fair? I’m the homeowner. I just listed my home with a real estate agent. I told a friend I was selling, and they want to buy it for cash. I called my agent to negotiate the $24,000 commission because it hasn’t been on the market 24 hours. My agent…

  • Do open houses help find a buyer

    Reader Question: Do open houses help find a buyer? We recently put our home up for sale. The presentation was very professional, and we both liked the agent. The emphasis was on how much the real estate business has changed. She mentioned the difficulty of keeping up with technology. She explained how their company was…

  • Eight categories of real estate agent motives

    Reader Question: A recent article you authored titled “What’s wrong with real estate” was insightful. The overview described conditions that contribute to the real estate sales environment. We will be selling our home soon and feel that expanding on the agents would help us understand real estate agent motives. Can you drill down to the…

  • Do homebuyers pay a commission when buying a home?

    Reader Question: Do homebuyers pay a commission when buying a home? We are planning on buying our first home in 2021. We do not pay a commission when we buy a home. Are we correct? Monty’s Answer: Who pays the real estate agent is one of real estate’s most misunderstood questions. Depending on which “expert”…