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[quote=Anonymous][quote=Anonymous][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]

Should I share my other sources of unearned income (e.g., stocks) with an agent as well, or just that resulting from house appreciation?   [/quote]

You haven’t ever heard of 2 and 20, eh?

Or maybe you aren’t wealthy enough.

But yeah, if you are in a hedge fund like me, you are paying 2 and 20. Maybe more if the fund is a quant. [/quote]

I hope you understand the difference between MANAGING money over time in a hedge fund versus a one time sale transaction. Maybe you’re not quite as sharp as you think you are.

Of course, most realtors like yourself aren’t making hedge fund money regardless. [/quote]

Oh honey, bless your heart. As I have made clear, I am not a Realtor. (Realtor is a proper noun, sweetie— you need to capitalize it. Like Jeep or Coke.)[/quote]

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