End of 6% Commission era upends misleading Pricing Model used by Zillow, Portals

[patrickrafferty]

https://userhub.com/blog/end-of-6-commission-era-upends-misleading-pricing-model-of-zillow-portals

[ProllyInfamous]

I just participated in a land purchase and somehow the seller's agent was able to secure 8% [4% on each side]! For two hours of work, the buyer's agent made a tidy profit... this recent legal ruling is long overdue.

[patrickrafferty → ProllyInfamous]

8%! Only time ive seen elevated commissions like that is when the overall price is low (common with raw land).

[Twoshooters]

Time for the homebuilders! Commission margin reduction will accrue to homebuilders.

[patrickrafferty → Twoshooters]

yes - Saw an article in Grants Interest Rate Observer make a similar point. Homebuilders are the big winners of this.