Quote:
Originally Posted by robh
Ralph,
Let me know where you can get normal 10% commissions? We would be doing really well if that was our "normal commission".
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The point in all of this Rob is it doesn't matter what percentage commissions one makes, he makes them off the seller, not the buyer. And the buyer needs to protect himself, as do the agents as do the sellers. The REAL sales price naturally needs to be on any and all contracts especially when receiving funds from a country outside of the country of purchase. And when the REAL sales price is on a contract of buy and sell then that amount needs to be sent to the seller.
If an agent wants his commissions he needs to get them from the person that's responsible to pay them. One shouldn't put an extra burden or possible negative consequences on the buyer who has nothing to do with commissions whatsoever simply because agents want to get their hands on the cash as soon as humanly possible......that's the agents problem, which needs to be resolved with the seller, which can easily be done while protecting the buyers interests.