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> No one is forced to hire a real estate agent. but for long time in the US you were "forced" to hire a real estate agent, if you wanted to get the market pric
by DataDive 2y ago
> No one is forced to hire a real estate agent.
but for long time in the US you were "forced" to hire a real estate agent, if you wanted to get the market price.
Refer to the NAR settlement that pretty much admits to this.
https://www.realestatecommissionlitigation.com/ https://www.realestatecommissionlitigation.com/
This is not to say that real estate agents cannot add value to a process; it is just that they were a cartel with anticompetitive practices.
The mandated and fixed 6% on each sale was and is ridiculous, when the median sell price is 400K in the US ... that is 24K commission
- wolfendin 2y agoThat really does say something about how unrealistic house prices are nowadays, doesn’t it?
- DataDive 2y agoit doesn't say anything about house prices IMHO, simply put the cost of selling a home should not be linearly related to the cost of the house, and especially should not be a fixed constant across the entire country