World Conflicts
Yesterday
648
Peaceful Protest Hasn’t Worked and Has Been Met With Aggression.
Tech Industry
Yesterday
820
PM is irrelevant role and will die in next 2-3 years.
Tech Industry
Yesterday
882
Is meta really worth the wait?
Cars
Yesterday
209
Best SUV for Safety
Software Engineering Career
Yesterday
488
If your team does daily standups, your manager is a micromanager
Today, sellers and buyers can get the same exposure to real estate information as realtors from Redfin and Zillow, etc.. Why would they have to pay commission fees to get realtors in the deal? Seems to make no sense...
5-6% commission esp in bay area is easily 50k (total) with 1m price. Heavy price tag for relatively easy work which can be automated :)
I also think there is a force behind it that’s preventing realtors from becoming obsolete. Too many people are depending on this 5-6% commission.
Always wondered. It’s a cartel. 6.7 million homes sold in 2020 with an average home value of 309,000. That’s about 120 billion dollars in commissions to share among 2 million realtors+agents.
$60K per agent per year.
I always wondered this having bought and sold once. Utterly useless service charging 5-6% for what? Making a few appointments? I literally bought stock in open door when I saw the opportunity here. Ridiculous Ps: this is not a financial advice to buy a security. Of course do your due diligence before buying one
Suggest Reddit groups to start a war against it and It will happen in a month.
Kill the middle man , brainstrom a business model / sounds like a market gap that has not been optimised yet (why does this looks similar to stock trading and brokarage charges :P ) - EU resident(not US) , so here we do not pay to broker ,only seller pays not the buyer (ofcourse that pay is hidden in the cost that we pay to seller )
It’s the same in California. Payer pays to both the seller broker and the buyer broker, but net net the money comes from the buyer.
This is what Redfin is trying to disrupt. They have smaller commissions and in some markets you can list and buy without a realtor which saves tons on money.
Why just in some markets?
It took cars almost 10 years to replace horses and became mainstream