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Reply to "Total Commission-Going rate ?"
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[quote=Anonymous][quote=Anonymous]No, they never HAD to pay it. They might have been too dumb to realize this, but they never HAD to do it.[/quote] The jury and evidence I referenced disagrees with your take on this. [quote=Anonymous]I realize people love to claim the suit was some big victory. But in reality, nothing has effectively changed. Unless you get the rare buyer willing to pay their own agent, most sellers are going to have to effectively offer to pay both ends to get the deal done. And that's going to total around 5%, give or take.[/quote] That nothing has changed is partially the basis for the additional lawsuits. Because commission can be communicated elsewhere means the buyers agents who were found to be steering can continue to steer. [url=https://www.inman.com/2022/07/08/more-than-700-agent-steering-calls-suggest-price-fixing-lawyers-charge/]Steering[/url] has been major factor in antitrust lawsuits. [quote=Anonymous]And before you attack me -- because I can tell you're a simpleton who loves to use words like "steering" and refer to Freakonomics as if it holds some great insight -- I'm not connected in any way to the real estate industry. [/quote] I never mentioned Freakonomics. Is someone attacking you? [quote=Anonymous]It's so bizarre that people fixate on commissions. It's such a small proportion of the costs of buying and selling a home overall. [/quote] You should offer your legal representation to NAR. Maybe you could run your thoughts up to the Supreme Court and get these settlements overturned. [/quote]
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