End of 6% Commission era upends misleading Pricing Model used by Zillow, Portals (opens in new tab)

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7 pointspatrickrafferty1y ago4 comments

4 comments

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.

patrickraffertyOP1y ago

8%! Only time ive seen elevated commissions like that is when the overall price is low (common with raw land).

Twoshooters1y ago

Time for the homebuilders! Commission margin reduction will accrue to homebuilders.

patrickraffertyOP1y 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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4 comments

ProllyInfamous1y ago

patrickraffertyOP1y ago

8%! Only time ive seen elevated commissions like that is when the overall price is low (common with raw land).

Twoshooters1y ago

Time for the homebuilders! Commission margin reduction will accrue to homebuilders.

patrickraffertyOP1y ago

yes - Saw an article in Grants Interest Rate Observer make a similar point. Homebuilders are the big winners of this.

j / k navigate · click thread line to collapse