Sold my last house and bought my current one FSBO, no agents. They really don’t do much. Hire a lawyer to help with the closing if you feel better doing that, it’ll still be cheaper than an agent.
When you sell a home and you hire a realtor (sellers agent), the buyer will also likely have a realtor (buyers agent).
When the house is sold, it is "traditional" for 2.5% of the cost of the house to go to the seller's agent.... BUT ALSO 2.5% goes to the buyer's agent, from the seller's sale.
If the buyer doesn't have an agent, the seller's agent get 5%.
The $14 billion lawsuit is all about "why does the seller have to pay for the buyer's agent when they dont represent me?". And looking at that whole pile-o-shit even from a 10000 foot view shows really broken and terrible things.
