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End of 6% Commission era upends misleading Pricing Model used by Zillow, Portals (userhub.com)
7 points by patrickrafferty 811 days ago
2 comments
ProllyInfamous 811 days ago
I just participated in a land purchase and somehow the seller's agent was able to secure 8% [4% on each side]! For two hours of work, the buyer's agent made a tidy profit... this recent legal ruling is long overdue.
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patrickrafferty 811 days ago
8%! Only time ive seen elevated commissions like that is when the overall price is low (common with raw land).
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Twoshooters 811 days ago
Time for the homebuilders! Commission margin reduction will accrue to homebuilders.
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patrickrafferty 811 days ago
yes - Saw an article in Grants Interest Rate Observer make a similar point. Homebuilders are the big winners of this.
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