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by potatolicious 4837 days ago
> "Their commission is percentage based, so a good agent will try to get you the most possible for your home."

That discounts the value of time. If it takes, say, 40 hours of work to sell your home for $300K, and another 40 hours of negotiations to bump that to $400K, it is not in the realtor's interest to pursue the $100K - he/she can simply pursue another $300K sale in the same time.

A commission based structure tends to have weird cliffs like this subject to the details of the field.

1 comments

+1. Freakonomics a chapter on this topic.