We replaced rental brokers with software and filled 200 vacant apartments

Re:We replaced rental brokers with software and filled 200 v... by kangaroozach on Friday July 09, 2021 @02:17AM (#27780929)

EXACTLY! How is this lost on so many people? The buyer is the only source of funds, so any cash paid to the broker effectively came from the buyer.

The National Association of Realtors is a huge political lobby that works to perpetuate the racket.

Compass started as Urban Compass and wanted to distrupt the racket! But eventually decide to join in on it and become a VC backed brokerage with better “technology”.

No one has yet been able to educate consumers on the insane mismatch between value and price among RE brokers.

[ Parent | on HN ]

Re:We replaced rental brokers with software and filled 200 v... by shadowhost on Friday July 09, 2021 @05:30AM (#27781935)

is the cost passed on to the renter? yes.

is it still better to do that? yes. Because i can now compare the cost of rental, fees included on a comparison site, instead of looking at the place i want and finding it out it has a hidden charge.

this is why they changed the law in the uk so the landlord has to pick, becasue it means they will be incentivised to put it into the rent, and this way its STILL better for the renter because now they are able to compare the full costs.

[ Parent | on HN ]