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Reply to "New Commission -3%"
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[quote=Anonymous]Real estate agents are a tough, crafty bunch. They are also incredibly good at selling themselves. The NAR and the big brokerage firms have plans to circumvent this. I watched a webinar put on by eXP Realty and there are so many ingenious ways that they can still extract 6% of the purchase price. Reddit also have plenty of ideas. And this is just what is available with a quick Google search. Also do not underestimate how much many people respond to fear and pressure. We’ve been conditioned for a long time to defer to Realtors and this is not going to change. The settlement is also effective for a maximum of 7 years. Realtors just need to be crafty for a while, wait out any litigation and then they can go back to business as usual. I think the DOJ was duped by the NAR in this settlement. [/quote]
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