Reply to Biden admin going after realtors!

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[quote=Anonymous][quote]Bad news for home buyers. They don’t play the fee and home sellers aren’t going to adjust prices down 5-6 percent to account for this. They are going to want what the comps say they can get. [/quote]

Depends on the market conditions and time - prices always move in open markets, eventually.

But let's assume you are right. If the seller is able to maintain the same price point, the seller would keep an extra 2.5% on the sale if they transact with an agent-less buyer.

Where's the problem?

This is fantastic for the seller: +2.5% more profit. That not great for an unwanted/unecessary buyer agent. 
 
You suggest the buyer will suffer:

[quote]Homebuyers will be stuck limiting the homes they want to see, rushing the showing, and having a terrible experience so that they don’t rack up the hourly fee.[/quote]

The parade of horribles your describe is not the problem you think it is for many buyers. Using DCUM as an indicator, you don’t see buyers complaining about prioritizing prospective homes and economizing time. Indeed, when DCUM buyers use “terrible experience”, it’s invariably directed at a real estate agent.

[quote]I have spent 12+ hours over a weekend with a new client. You really want to pay me $1200 for this out of your own pocket? (Yes my hourly fee is $100). [/quote]

Yes. The answer to your question is Yes. Yes if a buyer determines they want your services, yes the buyer should pay you for your services at an agreed upon rate. (I can’t believe this statement was necessary). Alternatively, for someone who determines your services are not necessary, then no compensation needs to be exchanged. (Again, it is remarkable these things need to be said/explained)

So in short, real estate reform means Bad news for agents providing unwanted/unnecessary services. It means Good news (more money) for buyers and sellers. I prefer the latter. 
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