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louis-t

(23,311 posts)

23. What part of "this is what I charge" is collusion?

Reply to moreland01 (Reply #17)

Fri Mar 15, 2024, 04:31 PM

Mar 15

Just because a high-powered attorney won in court doesn't mean "all Real Estate companies are in collusion to fix prices". I charge 6%. If someone wants to negotiate, that's fine. Sellers that are doing the most whining are the ones that saw their home value rise 30% in the last 4 years. If you made an additional $80,000 in equity in 4 years, why are you complaining the commission is too high? So, 'discount brokers' are "smart companies"? Every one of them that "popped up" in the last 30 years around here went under. Every, single, one. So, when you go to sell by owner, don't bother calling an agent for free advise when something goes wrong. By the way, how much money do you think the attorney that brought this suit made? The latest settlement was $418 million.

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29 replies

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Highlight:

Powerful Realtor Group Agrees to Slash Commissions to Settle Lawsuits [View all] BeyondGeography Mar 15 OP

It's absurd to have to hand over 6% of the value of your house to TeamProg Mar 15 #1

5% jvill Mar 15 #13

6 is of course the standard but yes, a realtor friend of mine listed and did the paperwork on TeamProg Mar 15 #20

In times past, prior to real estate boom and the internet. Prairie_Seagull Mar 15 #2

From the article BeyondGeography Mar 15 #3

Thanks BeyondGeography Prairie_Seagull Mar 15 #4

GIFT LINK Old Okie Mar 15 #5

Sorry...that shouldn't have happened BeyondGeography Mar 15 #6

This one worked for me. Thanks nt Chellee Mar 15 #8

Thanks BG, that worked great. nt Prairie_Seagull Mar 16 #29

... Crepuscular Mar 16 #28

There has never been a 'fixed' commission. All commissions are negotiable. louis-t Mar 15 #7

Don't see how the NAR is going to keep brokers from charging whatever rate they want. Sucha NastyWoman Mar 15 #9

I don't see how the NAR is going to have any control over what each broker charges. Sucha NastyWoman Mar 15 #10

Attorneys have an enormous amount of overhead TexasBushwhacker Mar 15 #11

Realtors only get paid if the house closes. louis-t Mar 15 #12

Oh, I understand TexasBushwhacker Mar 15 #14

It's not always about time. It's about experience. louis-t Mar 15 #21

If I sold my house today.... Happy Hoosier Mar 15 #15

Same here. moreland01 Mar 15 #17

Yes, there will be small companies popping up-'discount brokers' louis-t Mar 15 #22

What part of "this is what I charge" is collusion? louis-t Mar 15 #23

If you made an additional $80,000 in equity in 4 years, why are you complaining the commission is too high? moreland01 Mar 15 #24

We used moreland01 Mar 15 #25

I'm paying for a service, right? Happy Hoosier Mar 15 #26

Thank you Delphinus Mar 15 #16

Is the $100k (or whatever) increase in the value of homes due to infation? Increased demand from an increased population 3Hotdogs Mar 15 #18

This is great news. 6% commission is rediculous. honest.abe Mar 15 #19

Great news. Elessar Zappa Mar 15 #27