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Some realtors do in fact list their commissions and fee structure: Some examples from the market we are looking in. 1. Flat fixed fee and refunds extra: http

Some realtors do in fact list their commissions and fee structure: Some examples from the market we are looking in. 1. Flat fixed fee and refunds extra: https://arrivva.com/ https://arrivva.com/ 2. Minimum 1.25-1.5% but refunds 50% of any commission paid above: https://www.walawrealty.com/buy https://www.walawrealty.com/buy Minimum for me to work with a company is transparent pricing. Even a range based on levels of service is cool. But, I am not going to waste time on a phone call with no clue as to fee structure.

imglorp 2y ago
The whole agent commission business is already fully shady and at least one class action brought that to light[1]. Both buyer and seller agents benefit from higher home prices and from percentage based commission despite the work being the same regardless of home price. The customers are always the victim. https://realestate.usnews.com/real-estate/articles/what-the-2-billion-realtor-lawsuit-means-for-homebuyers-and-sellers https://realestate.usnews.com/real-estate/articles/what-the-... I've been very pleased to use an attorney on a simple hourly fee who did not have such gross conflicts of interest.
greenfish6 2y ago
We are not participating in the race to the bottom. There are a lot of 0% fee realtors out there! Try https://www.turbohome.com/ https://www.turbohome.com/, I've seen them on social media
- richwater 2y ago
  Frankly your responses on this page have convinced me to stay clear of this product. Sorry, I guess.
  - greenfish6 2y ago
    Thanks for feedback. Our priority is on good service
    - kevinob11 2y ago
      I was so excited when I saw this and now I'm disappointed. This kind of statement "quit on trying to win clients that are trying to get the best price" creates a false dichotomy of those who are trying to pay nothing and those willing pay whatever. There are tons of customers in the middle who are happy to pay for important services but think 30K (3% in high COL areas) is too much for the services rendered. That being said, I think as long as you are honest that "better pricing" isn't your goal then fair enough. It isn't the service for me, but I'm sure some folks will certainly be excited about it.
      - fakedang 2y ago
        > We are charging for the service. > Our service is rendered by an AI. I really don't know what their eventual value-add is. I doubt anyone's going to be paying 2.5-5% to househunt with an AI.
        knodi123 2y ago
        They say in theOP "Our mission at Modern Realty is to make home buying easier, faster, and far more enjoyable." But here in the comments, they say their mission is to get rich with AI. Tricky! I wonder which claim is right.
    - tofuahdude 2y ago
      Your communication style in this thread is adversarial and curt, yet you aim to provide good service. You clearly have a very, very long personal journey ahead of you if you want to satisfy the good service objective.
- Gerardo1 2y ago
  ...So being up-front with your pricing, even if that's a "our fees are negotiable but tend to be (flat rate or percentage) around the X range" is a "race to the bottom"?

imglorp 2y ago

The whole agent commission business is already fully shady and at least one class action brought that to light[1]. Both buyer and seller agents benefit from higher home prices and from percentage based commission despite the work being the same regardless of home price. The customers are always the victim. https://realestate.usnews.com/real-estate/articles/what-the-2-billion-realtor-lawsuit-means-for-homebuyers-and-sellers https://realestate.usnews.com/real-estate/articles/what-the-... I've been very pleased to use an attorney on a simple hourly fee who did not have such gross conflicts of interest.

greenfish6 2y ago

We are not participating in the race to the bottom. There are a lot of 0% fee realtors out there! Try https://www.turbohome.com/ https://www.turbohome.com/, I've seen them on social media

richwater 2y ago
Frankly your responses on this page have convinced me to stay clear of this product. Sorry, I guess.
- greenfish6 2y ago
  Thanks for feedback. Our priority is on good service
  - kevinob11 2y ago
    I was so excited when I saw this and now I'm disappointed. This kind of statement "quit on trying to win clients that are trying to get the best price" creates a false dichotomy of those who are trying to pay nothing and those willing pay whatever. There are tons of customers in the middle who are happy to pay for important services but think 30K (3% in high COL areas) is too much for the services rendered. That being said, I think as long as you are honest that "better pricing" isn't your goal then fair enough. It isn't the service for me, but I'm sure some folks will certainly be excited about it.
    - fakedang 2y ago
      > We are charging for the service. > Our service is rendered by an AI. I really don't know what their eventual value-add is. I doubt anyone's going to be paying 2.5-5% to househunt with an AI.
      - knodi123 2y ago
        They say in theOP "Our mission at Modern Realty is to make home buying easier, faster, and far more enjoyable." But here in the comments, they say their mission is to get rich with AI. Tricky! I wonder which claim is right.
  - tofuahdude 2y ago
    Your communication style in this thread is adversarial and curt, yet you aim to provide good service. You clearly have a very, very long personal journey ahead of you if you want to satisfy the good service objective.
Gerardo1 2y ago
...So being up-front with your pricing, even if that's a "our fees are negotiable but tend to be (flat rate or percentage) around the X range" is a "race to the bottom"?