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Small-Scale Question Sunday for March 31, 2024

Do you have a dumb question that you're kind of embarrassed to ask in the main thread? Is there something you're just not sure about?

This is your opportunity to ask questions. No question too simple or too silly.

Culture war topics are accepted, and proposals for a better intro post are appreciated.

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There has been some discussion (1 2) of how the lawsuit recently lost/settled by the US's National Association of Realtors may affect real-estate transactions in that country. But what about the rest of the world? It would be nice if some of the goshdarned furriner varmints that frequent this forum could relate their own experiences with buyer's-agent-free real-estate transactions, so that we uncultured USAians know what to expect in the coming years. For example, are these articles from Britain (1 2) and Australia (1 2) accurate?

What specifically are you wondering about? I've bought and sold properties in Sweden and often the only agent involved is "the sellers agent" (in theory both parties agent but paid for and recruited by the seller)

You might recruit people like an assessor or a surveyor if your buying land or a house but you don't have to.

I've never paid more than 2% of the sale price to the realtor but supposedly it can be up to 5%, but I imagine that is for unusual and very high value properties.

"the seller's agent" (in theory both parties' agent)

This practice, called "dual agency", is outright illegal in several US states due to the conflict of interest.

The operative word there is ”theory”. No buyer expects the real estate agent to be impartial beyond handling the official stuff properly. You can hire an agent (who obviously works for you) when buying a house but it’s rare.