Buying property without a realtor

[terracore]

quote:

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Originally posted by Seeb

not sure but i think real estate agents have to collect 6% buy law. there was something about a FSBO site that would do the paperwork- title, deed,etc for 1%. but the hawaii board of Realtors shut them down

other parts of the country just having a lawyer do the paperwork is common

I also think that the realtors getting 6% every time property changed hands was one of the reasons for the collapse

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"Going rate" for land only (no house) is 10%. But in my example the realtor is being hired as a consultant, not a realtor.