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Reply to "WSJ: Beware real estate cartel"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]I just wanted to add that I hate Realtors. They are, as a general group, not that bright and the digital revolution has made them largely obsolete. But, they infiltrated state houses long ago so state laws are on their side apparently.[/quote] I don't think there is any law that says that agents need to be paid 5-6%. Also, there is no law that says you have to use them either. Tons of FSBO, other private listings get sold all the time. [/quote] There is no law but the point is that may be engaging in anticompetitive behavior to keep these high fees.[/quote] I agree and no wonder DoF is looking into it. Not giving anyone access to MLS or unregistered agents/brokers to do business is certainly anti competitive. [/quote]
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