End of 6% Commission era upends misleading Pricing Model used by Zillow, Portals

End of 6% Commission era upends misleading Pricing Model used by Zillow, Portals(userhub.com)

7 points by patrickrafferty 2 years ago | 4 comments

I just participated in a land purchase and somehow the seller's agent was able to secure 8% [4% on each side]! For two hours of work, the buyer's agent made a tidy profit... this recent legal ruling is long overdue.

patrickrafferty 2 years ago | |

8%! Only time ive seen elevated commissions like that is when the overall price is low (common with raw land).

Twoshooters 2 years ago |

Time for the homebuilders! Commission margin reduction will accrue to homebuilders.

patrickrafferty 2 years ago | |

yes - Saw an article in Grants Interest Rate Observer make a similar point. Homebuilders are the big winners of this.