Re:Zillow CEO: startups trying to disrupt real estate commis...
by ryanackley on Wednesday January 16, 2019 @07:19PM
(#18927113)
Maybe. One problem with listing a house for a 3% commission is the listing agent must put this in MLS. The buyer's agent's commission will be 1.5%. This could possibly put you at a disadvantage among buyers since you are competing with listings that offer a higher commission to a buyer's agent.
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Re:Zillow CEO: startups trying to disrupt real estate commis...
by freedomben on Wednesday January 16, 2019 @09:16PM
(#18927718)
This is absolutely a problem. The buyers agent is a gatekeeper. They will not show your property if the commission is that low.
Source: I used to be a real estate agent. I left the industry because of BS economic incentives like that and others that incentivize you to not put your client's best interests ahead. That and the ripoff racket that is most brokerage licensing requirements and the arrangements enforced by law (that is heavily influenced by the NAR).