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Re:Zillow CEO: startups trying to disrupt real estate commis... by lotsofpulp on Thursday January 17, 2019 @03:25AM (#18929238)
A bad measurement is worse than no measurement. The appraiser’s estimate may or may not (likely not in hot or cold markets) off a useful benchmark.
Re:Zillow CEO: startups trying to disrupt real estate commis... by burfog on Thursday January 17, 2019 @11:31AM (#18932107)
In this case, bad measurements are OK. They average out over time. If the bias is one way, then one type of agent (seller or buyer) gets a bit more pay than the other, but this is not a disaster and is compensated by agents competing to work on the higher-paying side of the transactions.