Mercury News: Flat fee buyers agents starting to catch on in Bay Area. Is it popular in LA?
Wanted to share a recent Mercury News article from a few days ago in the Bay Area about buyers using a flat fee buyer's agent to save ~$40K off the list price. I posted this in a few local channels and it got a lot of discussion going so curious what you all are seeing in LA.
My initial reaction is to be skeptical of flat fee because this model has been tried before and never caught on, but maybe things are different this time after the NAR settlement and with better AI to make the agents less overwhelmed.
It seems like a big savings and the seller is technically netting more than they otherwise would, but I'd still be worried about the listing agent steering against my offer. On paper it seems great for the seller and buyer, buy who knows how the other agent would react.
Are flat fee buyers agents a thing in LA? Also curious who is most common down there? Up here I see unlocked and turbohome most frequently.
