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Originally Posted by greatscott
I have a question. Our home is on the market here in the US. We have an agent
(called the Sellers agent). We work out with them our selling price, which is the
Sellers price. The Sellers price is the only price that can be used. The home with the price is then put on what is called the "Multiple Listing Service" for all to see. The Seller (which would be us.) pays all commissions. If our agent sells our home they get a full 6% of the selling price. If the Buyers agent brings an agreed upon offer in, they split the commission (3% for Buyers agent and 3% for Sellers agent). Nobody but our agent lists our home, but anyone can find our home through our agents website, "Realtors.com" or the "Multiple Listing Service". There can be mutiple offers, and we as the sellers are in complete charge of our own property and nobody can make a profit off of us and get more than their either 3% or 6% (that we pay to them after the sale of the house is complete.) Is this the way it works in the UK? Just curious.
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We Limeys are a bit stingier and only the seller pays commission: 1-2% depending whether single or multiple agent, sometimes at the very top end of the market people employ their own agent to help them find a house. But in general we are such a crowded tiny place that it is sufficient to drive around the area where you would like to live and take a note of the "For Sale" boards and go see the agents. I don't know exactly how it works in Italy but it is a land spilling over with all types of agents and mediatore so I guess more like the US system with perhaps someone else in the middle for good luck.