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End of 6% Commission era upends misleading Pricing Model used by Zillow, Portals | Better HN
End of 6% Commission era upends misleading Pricing Model used by Zillow, Portals
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patrickrafferty
1y ago
4 comments
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ProllyInfamous
1y 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.
patrickrafferty
OP
1y ago
8%! Only time ive seen elevated commissions like that is when the overall price is low (common with raw land).
Twoshooters
1y ago
Time for the homebuilders! Commission margin reduction will accrue to homebuilders.
patrickrafferty
OP
1y 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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