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phantom784
4d ago
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Realtors earn commissions as a % of the price a house sells for.
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6 comments · 2 top-level
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adityamwagh
4d ago
· 3 in thread
It’s also a diabolical amount. My friend bought a house in San Jose, and both, the buyers and sellers agent got $50,000 each on a $2M house. They didn’t even help with the house search much.
groundzeros2015
4d ago
Who agreed to those terms?
cpburns2009
4d ago
The buyers or sellers. No one is required to use a realtor. They simply provide a convenient service for a fee.
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triceratops
4d ago
https://en.wikipedia.org/wiki/Burnett_v._National_Associatio...
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nathan_compton
4d ago
· 1 in thread
Merch has to move for them to earn a percentage. If prices are systematically too high I would guess liquidity goes down.
WarmWash
4d ago
Nothing a 50 year mortgage can't fix, I'm sure that article will be coming out soon to from our realtor friends.
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