A new class-action lawsuit takes aim at real estate agents and their 6% fee

Re:A new class-action lawsuit takes aim at real estate agent... by dragonwriter on Tuesday March 19, 2019 @01:20PM (#19433009)

> There was a Freakanomics podcast episode or book section (I don't remember) where they asserted that the data showed realtors left their own homes on the market longer, ultimately yielding a higher sale price, when compared to homes they were selling for their clients.

Real estate agents are more likely to plan sufficient time to maximize sale value; most people make plans with timelines where sale (or purchase; I bet you’ll find a similar issue on the other side, too) of the house is a blocker for other things before talking to an agent, so the disruption of not completing the transaction timely is significant.

[ Parent | on HN ]

Re:A new class-action lawsuit takes aim at real estate agent... by rch on Tuesday March 19, 2019 @01:35PM (#19433203)

My impression is that realtors who have their own investments in a market in which they operate sometimes err on the side of overpricing even when they know listings will remain on the market longer than the seller might want. In smaller, growing markets like Colorado it even looks like cartel behavior to me, since multiple brokers follow the same strategy.

[ Parent | on HN ]