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 nugget on Tuesday March 19, 2019 @04:18PM (#19435317)

In your model you’d simply shift (even more) corruption onto the appraisal process.

[ Parent | on HN ]

Re:A new class-action lawsuit takes aim at real estate agent... by jliptzin on Tuesday March 19, 2019 @04:24PM (#19435387)

Still, even if a home appraises for 25% less than it otherwise should, that's still a vastly better compensation scheme than our current system.

[ Parent | on HN ]

Re:A new class-action lawsuit takes aim at real estate agent... by manny_hasyrs on Tuesday March 19, 2019 @05:26PM (#19436102)

This will make buying a home very unattractive as an investment.

[ Parent | on HN ]

Re:A new class-action lawsuit takes aim at real estate agent... by jliptzin on Tuesday March 19, 2019 @06:09PM (#19436572)

How does changing a real estate agent’s compensation scheme suddenly make home buying a poor investment?

[ Parent | on HN ]

Re:A new class-action lawsuit takes aim at real estate agent... by opportune on Tuesday March 19, 2019 @05:46PM (#19436323)

homes shouldn't be investments anyway

[ Parent | on HN ]

Re:A new class-action lawsuit takes aim at real estate agent... by snovv_crash on Tuesday March 19, 2019 @06:53PM (#19436966)

Then you need independent appraisals where you pay for the service, but they pay a penalty based on how inaccurate their appraisal is.

[ Parent | on HN ]