Did you know the average income for a real estate agent is less than $17,000 yearly. A full time employee at McDonald's makes more and does not have the business expenses of a real estate agent.
Buyers and sellers have many options. Each comes with a unique set of benefits and risk.
Buyers and seller always have the choice of going with the lowest bidder. Unfortunately, that tends to bring it back to 'RESEARCHES' issue that compensation will prove to be inadequate........unless the deliverables are greatly reduced.
And for that they want 10-10% of sale price?
Because this i s business? This is fleecing, not business.
The agents do not store, transport or pay taxes on the goods the "sell" they sell other people goods without any rental space to store them.
5% is more like it, and that will be 1,500 and try e-sellers. Some charge even less.
You have no obligation to buy Porsches to guys who help put people out of their homes.
This is a business not a hobby.
Just pay to advertise in Auto Trader and work directly with the buyer.
Or you can put it on Craigslist and work directly with who shows up.
You have options.
One option not available, as you have discovered, is to dictate the compensation for which others will work. I think if you actually tried you could get that down to 10% or comparable minimal compensation agreement.
Who pays that 10% is also negotiable and will influence price and venues.
I know, you think 10% is too high also. This is a business not a hobby.