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Home and Garden
Private Real Estate Sale (No Agents)
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[QUOTE="XLCenterFan, post: 3787379, member: 8712"] Marginal rates seem fair to me. While I am not well versed in civil suits or personal injury cases, it seems to make more sense for real estate, or other value-based transactions. The idea of charging percentages, regardless of the amount, always seemed odd to me. When something of value exchanges hands, and an intermediary facilitates that exchange, most of the time they are doing the same amount of work, regardless of the numbers - whether it is a baseball card, a home, art, or an investment. For example, when I play poker, and I sell shares of my action, the amount I may have to pay out is capped. So if I play in a $500 tournament, and a friend of mine wants to buy 10%, they will get a 10% return (should I cash) up to a set amount. Maybe it’s $1,000. So if I win $20,000, and they bought 10% of the initial $500 investment at $50, I don’t have to shell out $2,000, but the pre-determined cap amount of $1,000. This is the mindset I’m coming from. I apologize if I insulted any high end real estate agents, but I am merely questioning the practice. Thank you for your contribution and the provided example. [/QUOTE]
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