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By cut rate companies do you mean brokers? Brokers who take a lot of excess transaction cost
by moneywoes 3y ago
By cut rate companies do you mean brokers? Brokers who take a lot of excess transaction cost
- OJFord 3y agoNot GP but no - cheap companies, with an implication of low quality, serving the most price sensitive end of the market.
- montgomster 3y agoOJFord. GP? not sure what that stands for. It sounds like you think we should charge more. If you looked at the platform, curious what would you pay for the ad as a seller?
- montgomster 3y agoBrokers and agents both. From the customers perspective the agent is the company. Some companies forbid the agent from cutting their fee. Some agents are offended if you ask. It's the wild west out there. Very fragmented industry which is part of their problem. Thanks for your question.
- montgomster 3y agomoneywoes, I mean any kind of broker, legacy, cut rate, flat fee MLS. Our flat fee is purchasing an ad. The ad page is unique. It is interactive and the customers are in full control. They negotiate directly online and close online. Our fee is for furnishing both customers an ad that creates a transaction.