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?

  • @ryathal@sh.itjust.works
    9•1 year ago

    It’s not required, but it’s a bit like a cartel. You can’t get listed in the MLS without a realtor. Many buyers agents also avoid any for sale by owner properties.

    If you still want help with the home buying process a lawyer can write up a contract for a few hundred dollars. Similarly as a seller you can have a lawyer review offers.

    • @scottywh@lemmy.world
      5•1 year ago

      You can get listed without a realtor but it’s not easy.

      I did just that when I sold my house in 2006… Had very few potential buyers interested though and after it sat on the market for way too long I ended up eventually selling it to a friend / former employee and walking away with virtually nothing to show for over 5 years of equity.