Reply to WSJ: Beware real estate cartel

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]What are you prattling on about? A “few hours of work?” What are you smoking that gives you such delusions?[/quote]

GMAFB

We went to open houses allllll on our own accord. Zillow and Redfin made that information easy to find.  Our agent showed us two houses during times that weren't during open houses, that was it.  We put in an offer on a house after looking at an open house.  The RE agent pretty much filled in a boilerplate template for a contract with our names and that was it.  There's no way he spent more than 24 hours let alone a full work week worth of work into our purchase.  The RE fees for both sellers and buyers will total to something like $30k+.  For what?  Consumers doing all of the work online and filling out a template offer sheet with a few clicks of a button?  The brokers just used rocket mortgage to get us a mortgage.....I could have done that.  Almost $40k in added in total fees for almost no added value.  The internet has made the RE biz a dinosaur of the past.  You can easily find comps and all of the meta data for evaluating properties easily online with a little bit of effort.  It's sooooooo ridiculous what Americans pay in fees compared to the rest of the world. [/quote]

+100. The amount RE agents charge is ridiculous. This needs to come down. Very high commission for doing very little work and there is no education needed to be an agent. [/quote]

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