Jury Finds Realtors Conspired, Awards Nearly $1.8B in Damages

Re:Jury Finds Realtors Conspired, Awards Nearly $1.8B in Dam... by lloyddobbler on Tuesday October 31, 2023 @06:02PM (#38092037)

In the U.S., at least, I've never known a seller's agent to do that (having done a good number of real estate transactions). In fact, in my experience I find it to be the exact opposite. Seller's agents are incentivized to not work with buyer's agents, if the situation arises where they're approached directly by a buyer.

If the seller's agent is comfortable acting as the intermediary, and recognizing the limits of conflict of interest, then it's in their best interest to keep all of the 6% commission instead of giving half of it to the buyer's agent.

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Re:Jury Finds Realtors Conspired, Awards Nearly $1.8B in Dam... by fatnoah on Tuesday October 31, 2023 @07:18PM (#38092677)

Correct, and this is something I've used to my advantage before. It's not a huge one, but when all othet things are equal...

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Re:Jury Finds Realtors Conspired, Awards Nearly $1.8B in Dam... by tetromino_ on Wednesday November 01, 2023 @03:54PM (#38103983)

When looking for a place in New York, we were straight up ignored by most sellers until we signed a contract with a buyer's agent. Apparently, people without an agent are perceived as window shoppers / tire kickers who are not serious about buying and whose presence wastes everyone's time. A buyer's agent signals that you have serious intentions.

Your area might be different, of course.

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Re:Jury Finds Realtors Conspired, Awards Nearly $1.8B in Dam... by lloyddobbler on Wednesday November 01, 2023 @04:36PM (#38104768)

Interesting. Yeah, in Los Angeles, Denver, and Atlanta, it’s always worked to my advantage as the buyer. ¯\_(ツ)_/¯

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