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PaperclipPerfector  7mo ago (text post)   2638 thread views

Small-Scale Question Sunday for March 31, 2024

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What specifically are you wondering about? I've bought and sold properties in Sweden and often the only agent involved is "the sellers agent" (in theory both parties agent but paid for and recruited by the seller)

You might recruit people like an assessor or a surveyor if your buying land or a house but you don't have to.

I've never paid more than 2% of the sale price to the realtor but supposedly it can be up to 5%, but I imagine that is for unusual and very high value properties.

"the seller's agent" (in theory both parties' agent)

This practice, called "dual agency", is outright illegal in several US states due to the conflict of interest.

The operative word there is ”theory”. No buyer expects the real estate agent to be impartial beyond handling the official stuff properly. You can hire an agent (who obviously works for you) when buying a house but it’s rare.

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