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Real Estate
Reply to "Biden admin going after realtors! "
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]This is how realtors compete: know what you are doing, work very hard, get a good reputation, and make people realize your value. I'd say 90% of the agents with whom I deal are more worried about getting to a spin class or taking a nap than actually working. [/quote] They should compete on price, too. Maybe you'll take a less experienced realtor in exchange for a different pay structure. And maybe that competition would cause a lot of more experienced ones to lower their rates or figure out other ways of getting paid to compete. [/quote] They already do this. You think that Redfin agent has the experience and network of the high grossing agents? Also many new agents cut fees to get business and many experienced agents do as well. As an agent we have to take training on anticompetitive practices. I never say “the typical commission is”. I say “my fee is…” and many times I’m asked lower it, and sometimes I do. [/quote] The issue (from an antitrust perspective) is an agreement among realtors who should be competing to a standard commission that is the starting point of any negotiations. Whether non-NAR agents operate differently, and whether NAR agents bargain occasionally, is not really a defense. My guess is that when you say "my fee", you are giving the 6% figure that is standard, and that any negotiations lower proceed from there. That's the issue.[/quote] Hey anti-trust genius, you just violated the law by declaring "you are giving the 6% figure that is standard." There is no standard fee. [/quote] This is hilariously dumb.[/quote]
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