Buying property without a realtor

[big_island_bound]

Brokers can set the % of commission they charge. I've seen up to 10% for land and down to 4% for residential properties. It depends on what the listing agent and/or broker is willing to work for. As for a FSBO, it would have been better to have an agent on your side that knows the law and the particulars when it comes to finalizing the contract and following through with the contract. All an agent has to do is tell the seller he has a buyer, but can't sell his home unless he/she agrees to a one time showing/listing agreement. FSBOs limit the buying pool by not listing because a Realtor doesn't/wont show a FSBO without a written agreement. Buyer gets representation free of charge because the seller pays the commission...seller gets to sell property. Both win.