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Well, until they coordinate to change laws at the state and federal laws, facilitating real estate transactions as a non-realtor will expose such individuals to
by general8bitso 8y ago
Well, until they coordinate to change laws at the state and federal laws, facilitating real estate transactions as a non-realtor will expose such individuals to legal action.
Kinda like Tesla trying to sell in states that require a franchise dealership.
Also, the term commission is ambiguous in the context
of the headline.
Do we mean a percentage of sales or an officiating body that controls an MLS or something at the state level, etc?
- iwantedjusttom 8y agothis is not completely true because a seller can negotiate on behalf of themselves for their own home and a buyer can negotiate for themselves as well. Which I suppose is obvious. You can also have an attorney negotiate for you, at least in my state, and attorneys only charge a flat fee for handling a transaction in my area. A small percentage of what it costs to use an actual realtor.
- general8bitso 8y agoThat is still a two-party transaction. It is when a third party is involved, that gets you in trouble.