Re:Zillow 2020 Urban-Suburban Market Report
by ISL on Wednesday August 19, 2020 @01:02AM
(#24207287)
I believe that GP was referring to buyer's brokers. In their case, if the client pays more, their commission grows. Furthermore, if they can close quickly, by making a higher offer or purchasing something that isn't quite the right deal, the buyer's agent increases volume, leading to the same effect.
AFAIK it works the other way around. The commissions might be say... 10% lower, but if you save time (by not having to maintain the listing and attract buyers), you can more than make up for it in volume. This was covered by freakomics a while ago https://youtube.com/watch?v=aFYlgqv3T-w