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0 pointsgumby2y ago0 comments

That's great! Unfortunately, often real estate agents will refuse to show FSOB houses (at least unless the buyer asks explicitly) so that they take longer to sell, thereby showing the "value" of the seller's agents.

Perhaps Redfin should drop a line to Lina Kahn at the FTC.

0 comments

hash8722y ago

Why would agents show a FSBO home for free? They're independent contractors on 100% commission, paying for their own health insurance and retirement- why would they work for free? Do you work for your employer for free?

Buyers are free to find & view FSBO homes on their own, they can easily be found on Zillow and any other listing site. MLS even accepts FSBO listings for a flat $300 or so fee, no agent required

wbl2y ago

FSBO can pay a buyer agency fee also. The reality is that there is a cartel that props up the 3% to each side.

gumbyOP2y ago

> Why would agents show a FSBO home for free?

I'm talking about BUYERS' agents refusing to show FSOB homes to the buyers they represent because sometimes they are on the sell side so they don't want to encourage FSOB. If they did represent the buyer in buying an FSOB house they'd still get the buy side commission...a short term gain that would piss off all the other agents in town.

In an FSBO there's by definition no seller's commission.

hash8722y ago

This whole idea is totally fake (and I'm not sure you get the difference between a FSBO where the seller is paying a buyer's agent, versus one where they're not). Real estate is a high-turnover job with a bunch of stressed-out independent contractors on 100% commission. They don't care what 'other agents in town' think of them, and there's no giant collusion or conspiracy going on. They're all just trying to close a deal so that they can pay their bills and buy groceries every month. I assure they are not colluding with each other

umeshunni2y ago

I assume they mean that the selling agent refused to show the house to someone without a buying agent.

gumbyOP2y ago

There's no selling agent in a FSBO (For Sale By Owner). But the buyers' agents often boycott these houses because of course sometimes they are on the sales side.

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LastTrain2y ago

You mean they aren’t trying to find me the best home for my money?

hash8722y ago

>for my money

Sure- what are you paying the buyer's agent?

j / k navigate · click thread line to collapse

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hash8722y ago

Buyers are free to find & view FSBO homes on their own, they can easily be found on Zillow and any other listing site. MLS even accepts FSBO listings for a flat $300 or so fee, no agent required

wbl2y ago

FSBO can pay a buyer agency fee also. The reality is that there is a cartel that props up the 3% to each side.

gumbyOP2y ago

> Why would agents show a FSBO home for free?

In an FSBO there's by definition no seller's commission.

hash8722y ago

umeshunni2y ago

I assume they mean that the selling agent refused to show the house to someone without a buying agent.

gumbyOP2y ago

There's no selling agent in a FSBO (For Sale By Owner). But the buyers' agents often boycott these houses because of course sometimes they are on the sales side.

1 more reply

LastTrain2y ago

You mean they aren’t trying to find me the best home for my money?

hash8722y ago

>for my money

Sure- what are you paying the buyer's agent?

j / k navigate · click thread line to collapse