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  • by kelan (5579) on 2006.05.04 9:35 (#47571)
    Any conventional agent, for example an estate agent selling your house, paid on a commission related to and deducted from the sale price, is motivated to work in your interests, even if (perish the thought) they were was driven purely by their own greed.

    You might be surprised. Although their interests are closer to being in line with yours, it's not all roses. In the US, the typical real estate agent commission is 6%, but that gets split a bunch of ways and they generally only take away about 1.5%. A $10,000 better sale on your house only makes them $150. So their main interest is getting you to take the first offer they think is reasonable, even if you could get $10k more by waiting a couple weeks. Fast turn-over pays them better.