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To be fair, NAR goes to great lengths to maintain their monopoly and lock out anyone who tries to buy or sell a house without using them....specifically because
by rco8786 2y ago
To be fair, NAR goes to great lengths to maintain their monopoly and lock out anyone who tries to buy or sell a house without using them....specifically because they know they're priced insanely high for the services they provide and are in real danger of being undercut.
- DLA 2y agoYou can buy, for example, literally millions of dollars of corporate bonds for “The smaller of $250 or 1% of Trade Value” at IB. https://www.interactivebrokers.com/en/pricing/commissions-bonds.php https://www.interactivebrokers.com/en/pricing/commissions-bo... The real estate market is still largely price fixed and quite inefficient.
- ethbr1 2y ago> NAR goes to great lengths to maintain their monopoly Went to great lengths, considering they've lost a few major court cases and are now prohibited from their prior shenanigans. https://en.m.wikipedia.org/wiki/National_Association_of_Realtors#Antitrust_lawsuits https://en.m.wikipedia.org/wiki/National_Association_of_Real...
- rco8786 2y agoIt’s not stopping them. It’s just causing them to change tactics. NAR still has a stranglehold even after the lawsuits.
- lotsofpulp 2y agoEver since Zillow/Redfin came out, there hasn’t been a need to use a real estate agent. All buyers are getting push notifications 24/7. If you want to save on commission, then get the pics taken yourself, and pay a listing service a few hundred dollars for your property to show up on Zillow/Redfin.
- rco8786 2y agoTo be fair to realtors. There is A TON more work and expertise that goes into any transaction than just taking pictures and listing the property.