Are realtors done? No more 6% commision

[djthegreat88]

The 6% commission on buying or selling a home is gone after Realtors association agrees to seismic settlement | CNN Business

The 6% commission, a standard in home purchase transactions, is no more.

amp.cnn.com

It was always negotiable but 6% became norm.

Probably no profession more over saturated than real estate agents

 

[TRUEST]

The 6% commission on buying or selling a home is gone after Realtors association agrees to seismic settlement | CNN Business

The 6% commission, a standard in home purchase transactions, is no more.

amp.cnn.com

It was always negotiable but 6% became norm.

Probably no profession more over saturated than real estate agents

Yup. Too many people see that as the only business they can get into. And think about. It’s such a low bar that so many people can just hop over it.

 

[UpAndComing]

In the grand scheme of things, it can mean nothing. It sounds like the mandated commission percentage has been lifted

But a Real Estate agent who has a large book of business with alot of clients is still going to charge himself the same usual commission anyway

Funny thing is I wonder if this works in reverse. Can Real Estate agents now charge even more than 3%-6% on each sale? That would be interesting

 

[Wig Twistin Season]

This is going to put a lot of people out of work. They were barely hanging on as it is with this economy and interest rates.

 

[skyrunner1]

Buying agents will struggle to get buyers to pay them, unless they structure it in loans I imagine.. selling agents probably gonna continue to eat and they probably gonna eat MORE as less competition..

WE GON EAT REGARDLESS!

 

[the cac mamba]

This is going to put a lot of people out of work. They were barely hanging on as it is with this economy and interest rates.

fukk em

walking away with 10 grand because they unlocked a door for you, on a house that you found yourself online, and did a little paperwork. or they just took a few pictures, threw it on redfin, and the internet sold it for them. realtors haven't been worth that 6 percent for a while

 

[The Pledge]

No more part time real estate agents flexing on the gram. Guess it’s back to LLCs

 

[Lucky_Lefty]

Probably no profession more over saturated than real estate agents

Lawyers say hello

 

[DonB90]

Damn that sucks for them....Back to bottle girl/stripping they go I suppose

Samara Charlotin - RESF RESF

Real estate at the speed on Now!

resf.com

 

[Saysumthinfunnymike]

This is going to put a lot of people out of work. They were barely hanging on as it is with this economy and interest rates.

OF is hiring.

 

[The Pledge]

Lawyers say hello

It takes actual effort to earn that title though. It’s not even remotely the same.

 

[Lucky_Lefty]

It takes actual effort to earn that title though. It’s not even remotely the same.

True but we’re talking about over saturation of a job market and lawyers own a corner of that market. There are so many bad ones out there and ones who got the JD who don’t even practice law.

 

[chineebai]

You don’t really need one tbh. Just hire a lawyer. It’s like a car salesman.

 

[chkmeout]

Back to the strip club ladies

 

[Voice of Reason]

Damn that sucks for them....Back to bottle girl/stripping they go I suppose

Samara Charlotin - RESF RESF

Real estate at the speed on Now!

resf.com

You are a hater and a clown