Reply to Biden admin going after realtors!

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[quote=Anonymous][quote]Like any other profession, a real estate agent's long term prosperity is tied to their professional reputation. [/quote]

And unlike any other profession, the buyer side incentive to drive down price is not directly related to negotiator compensation.

[quote]Therefore, doing a good job for their clients is an important part of what the agent needs to do. Therefore, an agent will want to take the factors you outlined above into account on their client's behalf. Are there bad agents/bad apples out there? Of course. But that is true for any profession. A electrician just wants to sell their services. Does he or she care that they do a good job for a fair price? The good ones/non-crooks do. [/quote]

We’re talking about an incentive structure where the buyer negotiator is compensated for a higher sales price: that benefits the seller, not the buyer.

The existence of agents who want to “do a good job” does not change the underlying incentive structure that does not align with the buyer’s interests. 
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