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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]

Yeah, I pretty much agree with this.

The other place we see this is with financial advisors – so much irrational hatred for them, it’s insane.

And I also have to second that I am neither an agent nor a financial advisor since PP is correct that you automatically get accused of being in one of those professions if you don’t foam at the mouth with hatred toward them.[/quote]

Because they have created an "industry" where they have convinced the average person that they add a lot more value than they actually do. They are preying on people who don't have a lot of knowledge about a specific area (understandably) and think it's more complicated than it actually is, and take advantage of that misunderstanding to make outsize returns on what they actually offer. Don't get me wrong, plenty of lawyers do this also!

It's a huge deadweight loss to society.[/quote]

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