Quote:
Originally Posted by quasi
Realtor $14,000-15,000
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This is an area that is so ripe for disruption. There are a lot of people that are coming up with some creative ideas on this, but can't break the last the final part of the MLS monopoly...MLS has the buyers.
So the only incentive to NOT work with a buyers agent is to rape and pillage FSBO's that don't want to work with agents. And that's where they get the statistic that MLS properties sell for 16-19% more, exceeding the commission.
MLS are greedy bastards. I went to some career nights, and I'll tell you, the people there might be wanting to enter the business of trading real estate, but the remaxs and suttons of the world are in the business of hiring agents. They no longer see a taste of the actual transaction..they make money, and lots of through desk fees. Its an insane little system.