Eternal Real Estate Commission

[Alan]

[mukoh]

That statement makes abosolutely no sense as to how an agents comission is part of your assessment.

[rose-colored-coolaid]

[ira s]

But the "poor" agent only collects the commission once, even if the buyer might be paying it eternally.

[Alan]

Maybe we could get the law changed so that the agent gets that part of the tax payment.

[mukoh]

Market price for what a house sells for either being a for sale by owner or a normally marketed property has nothing to do with agents comission.

[Markor]

The quote in the OP does make sense, but since it applies to most every homeowner, no taxes would be saved if the agent's commission was excluded from the sale price. The amount of taxes you pay are whatever the gov't needs from you, regardless of the sales prices of houses.

[The Tim]

I don't know what you guys are talking about. The seller pays the commission, duh.

[Markor]

The point is that the commission is included in the sale price, hence the (mistaken) idea that you'll eternally be paying extra property taxes. The seller pays the commission out of the proceeds from the sale, not separately.

Even if I buy a house I find myself, and keep the buyer's agent commission of 3% for myself, it's tough to keep that 3% out of the sale price. Trying to get the seller to lower the price by 3% is more difficult than having them pay me (via a flat-fee buyer's agent) 3% from the proceeds.