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Is it their right to restrict info by leveraging IP law on other people? They use that IP law to grant themselves information asymmetry to gain 6% commissions w

Is it their right to restrict info by leveraging IP law on other people? They use that IP law to grant themselves information asymmetry to gain 6% commissions whereas many countries have commissions half that. IP law is not a natural right but is instead granted by the government to try to enhance the common good. So therefore whether it is their “right” is somewhat contingent on their use of IP law actually benefitting the nation. If it’s not beneficial and is just increasing fees, then it should be curtailed.

lotsofpulp 6y ago
> Is it their right to restrict info by leveraging IP law on other people? Did they create/curate the info? If so, then yes, just like anyone else is able to use IP laws. > They use that IP law to grant themselves information asymmetry to gain 6% commissions whereas many countries have commissions half that. No, they use supply and demand for their services to collect 6% commission. And it’s very negotiable, also showing that the amount a real estate agent charges is due to supply and demand. I’m only familiar with the way real estate agents work in the US, so I can’t comment on how it works in other countries. But all I can say is, in my experience, the sales history data is all available on the government website, and otherwise, you’re paying for the marketing and whatnot. If you don’t like the price, then negotiate lower, and if that fails, don’t pay it and do the work yourself.
- lupire 6y ago
  They use a cartel/trust to collect 6%, which is only legal because it is possible to negotiate a discount and it's hard to prove that the cartel is freezing out discount agents.
- whimsicalism 6y ago
  > No, they use supply and demand for their services to collect 6% commission. And it’s very negotiable, also showing that the amount a real estate agent charges is due to supply and demand. Actually, no. There is extensive evidence that real estate commissions are not tied to supply & demand due to collusion in the marketplace. https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3450767 https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3450767

lotsofpulp 6y ago

> Is it their right to restrict info by leveraging IP law on other people? Did they create/curate the info? If so, then yes, just like anyone else is able to use IP laws. > They use that IP law to grant themselves information asymmetry to gain 6% commissions whereas many countries have commissions half that. No, they use supply and demand for their services to collect 6% commission. And it’s very negotiable, also showing that the amount a real estate agent charges is due to supply and demand. I’m only familiar with the way real estate agents work in the US, so I can’t comment on how it works in other countries. But all I can say is, in my experience, the sales history data is all available on the government website, and otherwise, you’re paying for the marketing and whatnot. If you don’t like the price, then negotiate lower, and if that fails, don’t pay it and do the work yourself.

lupire 6y ago
They use a cartel/trust to collect 6%, which is only legal because it is possible to negotiate a discount and it's hard to prove that the cartel is freezing out discount agents.
whimsicalism 6y ago
> No, they use supply and demand for their services to collect 6% commission. And it’s very negotiable, also showing that the amount a real estate agent charges is due to supply and demand. Actually, no. There is extensive evidence that real estate commissions are not tied to supply & demand due to collusion in the marketplace. https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3450767 https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3450767