limited real value to the process (especially for how much money they suck out of the transaction), but they have put so many artificial roadblocks in the way that it is difficult to avoid using them.
- Since the agent doesn't earn any money unless the transaction occurs, I've seen many agents pressure their clients into transactions that are not in the client's best interest
- One seller's agent we were in contact with was convinced that the house was worth more than any of the offers he was getting (including ours), so he never even brought them to the owners/bank because he wanted the full commission (I know this because we are friends with an agent that worked with him). The house ended up going into foreclosure to the detriment of everybody.
- I sold my condo myself (FSBO) when I moved away from Provo. By far the most annoying part of the whole process was the dozens of agents calling me up to tell me how I absolutely needed an agent (one guy cried saying that I was stealing his livelihood). We already had a buyer and a title company lined up and lawyers reviewing the documents, but the agents that called still felt entitled to 3-6% of the transaction for doing nothing.