Zillow CEO: startups trying to disrupt real estate commissions will fail (2012)

Re:Zillow CEO: startups trying to disrupt real estate commis... by scarface74 on Wednesday January 16, 2019 @06:59PM (#18926925)

You are free to get a buyers agent that does represent you. In that case, the buyer’s agent and seller’s agent split the cost.

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Re:Zillow CEO: startups trying to disrupt real estate commis... by setr on Wednesday January 16, 2019 @07:08PM (#18927008)

I still don't understand this mechanism... the buying agent takes his fee as a percentage of the total house price? Doesn't this mean that both the selling and buying agents are incentivized to drive up the price?

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Re:Zillow CEO: startups trying to disrupt real estate commis... by scarface74 on Wednesday January 16, 2019 @07:46PM (#18927283)

In reality, neither is incentivized to drive up the price of the house. It’s all about selling fast.

Freakonomics talks about this all of the time.

http://freakonomics.com/2008/02/26/real-estate-agents-revisi...

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Re:Zillow CEO: startups trying to disrupt real estate commis... by scarface74 on Thursday January 17, 2019 @09:57PM (#18936689)

A better link.

https://www.nachi.org/forum/f11/exerpt-freakonomics-book-reg...

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