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The National Association of Realtors controls a huge percentage of real estate transactions, and works to make sure it doesn't drop, to the point where there ar
by nrmitchi 6y ago
The National Association of Realtors controls a huge percentage of real estate transactions, and works to make sure it doesn't drop, to the point where there are multiple open anti-trust lawsuits. For example: https://www.justice.gov/opa/pr/justice-department-files-antitrust-case-and-simultaneous-settlement-requiring-national https://www.justice.gov/opa/pr/justice-department-files-anti...
Basically, if you don't play the Realtor game and agree to pay those commissions, it's difficult to participate in the market at large.
- wombat-man 6y agoYeah I mean you're kinda paying to make everything go smoother and ideally their experience in the market will help prevent you from making an expensive mistake. As long as you have a good one, of course.
- bostonsre 6y agoAh, thanks.. that makes a lot more sense then. Hopefully the justice department stops that BS rent seeking crap.