‘Distortions of the Law:’ HomeServices Slams Burnett Plaintiffs’ Courtroom Strategy

No matter what side of the closing statement commission is on, the buyer pays it, has always paid it. Who pays for the house with mortgage and/or cash, the buyer? Without the buyer there is no sale, there is no seller. Whether bought cash + closing costs or with a mortgage + closing costs over 10, 15, 20, 30 years who pays the mortgage including the purchase price, the Buyer!
So many other points can be made
Similarly as an appraiser cannot adjust the value up or down because of seller concessions, an appraiser cannot adjust the price up or down based on who pays the commission or how much the commission is.
Would an attorney represent both sides in a case/dispute, or would the consumer want to be represented by the opposing counsel? No. Or would you want to go an IRS Audit and be represented by the IRS? Or would you want you taxman to represent you?
Similarly in selling real estate you want a sellers agent to represent you. When buying real estate wouldn’t you want your buyers agent to represent you? And ultimately the price agreed upon includes the commission, right?
The idea of a buyer only wanting to deal with the listing agent is solely to try to negotiate that agents commission down for that buyers benefit and the price down agaunsy the Seller. A weak agent or one who doesn’t value their own worth will “cave” in to such a proposal and still do the double work, one for each transaction side.
Ad infinitum. Wake up colleagues, wake up associations, from local to regional to statewide to national. Raise your standards. Blessings, Steven Epstein