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Reply to "Biden admin going after realtors! "
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[quote=Anonymous][quote=Anonymous]The current commission in NoVA for larger houses is about 3.5%. Anyone paying more than that is naive. Commission has been going down for a while. [/quote] Not the flex you think it is: [quote]"Commission rates, which often get baked into a home’s listing price, are an attractive target for the Biden administration as low housing supply and spiraling mortgage costs combine to create the least affordable housing market in four decades. On a $407,100 house — the median existing-home sales price — a 5.5% commission comes to about $22,390. ... In some parts of the world, total commissions for each sale are significantly lower – around [b]2% in countries like Australia and the UK.[/b][/quote] https://www.bloomberg.com/news/articles/2023-10-16/us-realtors-lucrative-fee-system-faces-mounting-antitrust-risk?embedded-checkout=true Anyone paying more than ~2% is being defrauded by a colluding, anti-American consumer special interest group. [/quote]
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