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Real Estate
Reply to "New Commission -3%"
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[quote=Anonymous][quote=Anonymous]I have always wondered why there is not a sliding scale commission structure. If the agent says your house will sell quickly for $1MM...maybe the total commission is 2-3%...at $1.1MM+ the commission increases by 1% for every extra $100k and then caps at 6% total. If it sells for less, the commission also drops...maybe 0.5%. Is this not legal? Don't you want to align the commission structure to ensure a higher sales price vs. the current structure that dramatically just rewards a sale at any price (i.e., if the commission is 6%...if you get a quick offer at $900k for a total of $54k, you push the seller to take it vs. waiting longer just to get full asking and a $60k commission).[/quote] Because NAR. NAR spends Millions in lobbying to prevent competitive pricing structures and to protect its anti-competitive policies that harm consumers. That's why they lose antitrust and class-action lawsuits. [/quote]
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