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

(userhub.com)

7 pointspatrickrafferty2y ago4 comments

4 comments

4 comments · 2 top-level

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.

patrickraffertyOP2y ago

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

Twoshooters2y ago· 1 in thread

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

patrickraffertyOP2y 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