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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]I am just amazed to see how low the commission has come down. A couple of years back, useless agents used to quote 5-6% of the listing price and now it is 1% or close to that. [/quote]

With technology and companies like Redfin it took longer time than I expected.[/quote]

Because it was a monopoly. That’s exactly why it was found to be illegal. With Redfin and tech, the fees should have been 1-2%, but they hadn’t budged at all off the 6% they’d been for 50 years. The only reason is because of price collusion/monopoly in the industry. [/quote]

If houses still cost $100,000, you would not be seeing 1%.

Sellers are so greedy. They got all this equity doing nothing but now are all resentful that someone performing a professional service also benefit from inflated prices. They act like they’re being cheated or something out of money they earned. It’s pathetic.

No, I am not an agent. (Since invariably some pea brained twatwaffle resorts to that retort).[/quote]

The homeowner took on risk — the risk that their home value might go down, the risk that they might lose their job and be unable to afford the mortgage, the risk that there would be problems with the home that would be expensive to fix.

What risk did the agent take on? Only the opportunity cost of time spent working to sell house A instead of house B, assuming they even had a choice.[/quote]

I don't understand why we need to show sympathy to these worthless agents charging 5-6%. This is not a charity and a lot of them don't even have a degree and have no risk. [/quote]

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