Reply to Offered 1% commission for listing

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[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.

WTF why should some random agent doing very little skim off a big chunk of equity? Price collusion for commission has resulted in an unfair marketplace.
No, I am not an agent. (Since invariably some pea brained twatwaffle resorts to that retort).[/quote][/quote]

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