Realtors must pay home sellers $1.8 billion for inflating commissions, jury finds
www.cbsnews.com
The National Association of Realtors and other industry players conspired to boost the commissions paid to real estate agents, jury rules.

Maybe high realtor commissions will come down now. Would you really care if your U.S. realtor shows up in a Civic instead of a Cadillac?

      • @neptune@dmv.socialEnglish
        3•1 year ago

        So you go house shopping and you better find a house you like soon, or else you’ll have to pay your realtor by the hour for all the Saturdays you spend shopping?

        Sadly, I don’t think there’s a good way to compensate realtors.

        • cerothemEnglish
          4•1 year ago

          I feel like hourly with a fixed sale bonus would be fine for buyers.

          $50/h at the location (maybe a travel fee for places far away from their normal location), and $5000 for a successfully closed deal. All buyer paid, that would mean that the realtor gets paid for work done, and but the closing bonus means that they don’t have as much of an incentive to keep taking the customers to crappy places to keep the hourly going.

          Selling Realtors should really negotiate a fixed figure and a bonus that goes down the longer it takes to sell, this could encourage them to suggest lower prices on homes I guess, but it’s ultimately the owners decision to pick a price and the Realtors choice if it’s worth the effort to sell at that price