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Reply to "WSJ: Beware real estate cartel"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]The DoJ is coming after you next: https://www.wsj.com/articles/warning-to-the-real-estate-cartel-11625783854 Finally, hopefully consumers can get away from this ridiculous system that compensates brokers exorbitant sums of money for only a few hours of work. TBH, a vast majority of the process could probably be largely automated for a $20 fee anyway. Ridiculous US consumers have so much wealth destroyed from insane fees, or are forced to buy less because of fees.[/quote] Funny, I did a 5 hour home inspection today with a lawyer who is involved in this case. Guess, I don't have to day anything else, and we will forgot about the twenty plus hours I spent with him at other houses, working out finances, and two previous pre inspections. [/quote] Funny how you cherry picked and only highlighted this one transaction. Are you suggesting there are no transactions that take less than 20 hours beginning to end? I’ve purchased/sold several homes both with realtors and on my own with a flat fee attorney. Realtor fees should be by the hour. $750 an hour will motivate buyers to be more precise with their search. [/quote]
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