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Re:Almost No One Pays a 6% Real-Estate Commission–Except Ame... by scarface_74 on Friday November 17, 2023 @10:51AM (#38305210)
Actually they are. It’s about volume not the few extra pennies they get on a sale - especially once you consider the brokerage takes some of that money.

The Freakonomics book went into this in detail.

https://freakonomics.com/2008/02/real-estate-agents-revisite...

If your house sales for $50K more, each agent gets $1500 more and the brokerage gets 20-40% of that. Let’s say 30%. That means the agent will get a little over $1000 extra.

They would much rather sell your house for $50K less and move on than convincing you to hold out for $50K more.

Re:Almost No One Pays a 6% Real-Estate Commission–Except Ame... by moduspol on Friday November 17, 2023 @11:05AM (#38305408)
This. Though also worth noting: these agents are often working with the same small pool of other agents throughout their career. Their relationship with them is often more valuable than with any individual client, so it doesn't really pay for them to be adversarial on behalf of their client. Both agents are incentivized to keep a healthy working relationship and focus on closing the sale despite the commission percentage.
Re:Almost No One Pays a 6% Real-Estate Commission–Except Ame... by cyanydeez on Friday November 17, 2023 @12:22PM (#38306702)
right and their negotiations are likely synthetic and geared towards mass deal making, which distorts the market in nuclear ways.

if we're all for transparent markets, these commissions interfere and it doesn't matter how close to reality they are as we can agree that they're largely not real, but synthetic amalgamations of something not related to the market.