Let me break it down for you....
$155,000 home for sale. Agent gets listing for 5% commission
Agent then must PAY out of their OWN POCKET for----
The advertising for your home
2- sign advertising- not free
3- mailer advertisements- not free
4- open houses- food purchased for the open house, signs, promotional material ALSO NOT FREE.
5- Gas in order to travel back and forth to home whenever we bring in a potential buyer
6- our desk fees, yea, we normally don't mention this stuff
7- time... you know like any job you expect to be paid
8- our licensing fees- mls fees, and any other websites we participate in
I am positive I am missing many many more....
so break down now with me....
$155,000 asking price....
Home sells through another brokerage aside from the listing agents brokerage for $150,000 at a 5% commission.
That $7,750 will now be cut 4 ways.
The selling agent, and the selling brokerage takes half. That is $3,875.
Now the listing agency gets their half of the pie. $3,875.00
But wait... not done yet.... cut that in half now with the listing agent and the broker.
Your agent is left with a solid $1,936.50 BEFORE taxes.
After maybe.... 4 months of working on the listing and getting it sold. Now take that $1,936.50 and include all of those other costs discussed above
The agent is lucky enough to walk away with $1,000 after all is said and done. 4 months later- or longer.
Now I am not trying to be a jerk, but I am simply pointing out the reality behind everything before you so quickly call agents selfish...