Why does buyer agent get a percentage commission?

Why is buyer real estate commission percentage based in this era? Im pretty much getting all of the info I need online and even searching for properties and only using the agent to let me inside the home and make an offer. The buyer agent is not putting in any extra effort for a 400k house as compared to 700k house. In this bidding market buying agents are fueling a price increase by raising fear of losing out they stand to make a lot of money as a result. I just wish buyers and sellers could negotiate directly and use flat fee agents for paperwork alone.

submitted by /u/thenChennai
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Why is buyer real estate commission percentage based in this era? Im pretty much getting all of the info I need online and even searching for properties and only using the agent to let me inside the home and make an offer. The buyer agent is not putting in any extra effort for a 400k house as compared to 700k house. In this bidding market buying agents are fueling a price increase by raising fear of losing out they stand to make a lot of money as a result. I just wish buyers and sellers could negotiate directly and use flat fee agents for paperwork alone. submitted by /u/thenChennai [link] [comments]

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