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A comment on Almost No One Pays a 6% Real-Estate Commission–Except Americans. Parent comment

Re:Almost No One Pays a 6% Real-Estate Commission–Except Ame... by foobarian on Friday November 17, 2023 @09:16AM (#38303871)
> I don't know how much value agents added over the past few years, navigating bidding wars, pocket listing access, etc. but I've never understood the justification for spending so much money on these fees.

The question that this raises is even more puzzling: why hasn't there arisen agents that undercut the status quo? Are there guild or cartel effects at play?

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Re:Almost No One Pays a 6% Real-Estate Commission–Except Ame... by thedougd on Friday November 17, 2023 @09:26AM (#38304023)
I've been using a flat fee agent since 2012. $500 to list, $500 to close, but still have to pay the conventional 2.5-3% to the buyer's agent. Still a huge improvement.
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Re:Almost No One Pays a 6% Real-Estate Commission–Except Ame... by no_wizard on Friday November 17, 2023 @09:22AM (#38303967)
This was the Redfin model and it had mixed results, I think they thought their non commissioned agents would upend the market, but that didn't really happen.

The staying power of the Realtor Association may have something to do with it as well

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Re:Almost No One Pays a 6% Real-Estate Commission–Except Ame... by PaulDavisThe1st on Friday November 17, 2023 @10:41AM (#38305066)
It's not so much staying power as "access to the MLS"
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Re:Almost No One Pays a 6% Real-Estate Commission–Except Ame... by dg08 on Friday November 17, 2023 @11:21AM (#38305640)
They do exist. When I sold in NYC a few years ago, I paid 2.5% all in. When I bought, I used the same broker and got a 2/3 buyer's commission rebated to me at closing. It was a decent chunk of money and helped me pay the closing costs. I recommended it to all my friends and several got the rebates as well.

There are a bunch of these brokers now.

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Re:Almost No One Pays a 6% Real-Estate Commission–Except Ame... by avn2109 on Friday November 17, 2023 @12:24PM (#38306734)
What do I type into google to find this?
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Re:Almost No One Pays a 6% Real-Estate Commission–Except Ame... by dg08 on Friday November 17, 2023 @03:20PM (#38309469)
nyc buyer agent commission rebate
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