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A comment on Zillow CEO: startups trying to disrupt real estate commissions will fail (2012). Parent comment

Re:Zillow CEO: startups trying to disrupt real estate commis... by general8bitso on Wednesday January 16, 2019 @04:06PM (#18925250)
Well, until they coordinate to change laws at the state and federal laws, facilitating real estate transactions as a non-realtor will expose such individuals to legal action.

Kinda like Tesla trying to sell in states that require a franchise dealership.

Also, the term commission is ambiguous in the context of the headline.

Do we mean a percentage of sales or an officiating body that controls an MLS or something at the state level, etc?

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Re:Zillow CEO: startups trying to disrupt real estate commis... by iwantedjusttom on Wednesday January 16, 2019 @05:49PM (#18926304)
this is not completely true because a seller can negotiate on behalf of themselves for their own home and a buyer can negotiate for themselves as well. Which I suppose is obvious.

You can also have an attorney negotiate for you, at least in my state, and attorneys only charge a flat fee for handling a transaction in my area. A small percentage of what it costs to use an actual realtor.

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Re:Zillow CEO: startups trying to disrupt real estate commis... by general8bitso on Wednesday January 16, 2019 @07:56PM (#18927335)
That is still a two-party transaction. It is when a third party is involved, that gets you in trouble.
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