For contrast, in the UK we typically don't use buyer brokers at all. Normally th... | Hacker News

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cjg on Oct 17, 2023 | parent | context | favorite | on: Realtors Face an Antitrust Reckoning

For contrast, in the UK we typically don't use buyer brokers at all. Normally the seller pays about 1% to their agent.

naveen99 on Oct 17, 2023 [–]

Probably because you pay the state the other 6% as stamp duty who is the true broker.

twic on Oct 17, 2023 | | [–]

In what sense is the state "the true broker"?

sharemywin on Oct 17, 2023 | | [–]

there are bunch off settlement fees that go to the government in the US also.

hiatus on Oct 17, 2023 | | [–]

Nothing close to 6% of the purchase price though.

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