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Real Estate
Reply to "Anyone become a Realtor just to sell/buy their house?"
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[quote=Anonymous][quote=Anonymous] Why is this? Creative lobbying by brokers? Why shouldn't someone be able to serve and a wholly independent realtor with no managing broker? [/quote] This is right on...real estate interests have successfully lobbied to limit entrance to the industry with restrictions, thus enabling monopoly profits. Title companies and lawyers could (and do) handle all of the necessary paperwork that brokers claim they handle. Unless and until the general public cares that they are being charged an extra 5% (seems like 5 will forever be the new 6%), this won't change. FWIW, I do believe most realtors provide a good service, and since most people will buy only a few homes in their lifetime, not everyone can be an "expert" in the process. It's the short-sighted brokers, those who cannot separate their client's interests from their own, that really give the industry a bad name.[/quote]
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