4 ms·
But what's preventing realtors from defecting and offering their services for a lower rate?
by akavi 3y ago
But what's preventing realtors from defecting and offering their services for a lower rate?
- deleted 3y ago[deleted]
- hiatus 3y agoThe other agent won't bring clients to you if the cut is too low.
- yial 3y agoThis is very true. A home I purchased recently, the sellers had a very new realtor, who was friends with them. She had listed the commissions very low - probably thinking she was doing them a service. I purchased the home without a realtor, and one of the ways I had a much stronger position was because no one else was being shown the property. (As in, realtors weren’t mentioning it to their clients). I had a friend of mine who is known locally in the area as one of the best realtors look at the mls and listing, and that was the take I got from him.
- deleted 3y ago[deleted]
- aabajian 3y agoThis was part of the evidence used in the case. They had recordings from buyer's agents who called about non-MLS homes. The agents were on-tape saying things like, "I am going to make sure no other agent shows your house." All because the seller refused to pay a buyer's agent commission.
- gloryjulio 3y agoYep. It's basically a cartel. You can do whatever you want technically. But you instantly lose the the market reach if you don't pay your realtor tax.
- deleted 3y ago[deleted]
- VirusNewbie 3y agoPlenty do. I and many friends do RE transactions with agents who are not “realtors”
- x86x87 3y agoThat's all good and possible but not quite mainstream yet.