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Old 11-06-2023, 07:27 AM
frayedends frayedends is offline
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Percentages are the gimmick. That aspect needs eliminated. There are flat fee realtors out there now and they will take over the entire market eventually. A set fee is charged to sell ANY home regardless of its value. The flat fee is about 3-5 thousand dollars for these realtors right now.
That’s a possibility I guess. But I don’t think this lawsuit will force anything like that. That would take a while to become standard as agents create competition. But it takes a lot more to sell a million dollar home than a $200k home. Maybe there will be set fees for different price ranges. Who knows. We are very close to retiring so it won’t affect us much. At 5000 each and 60 sales that’s not a bad living. But expenses can be high for an agent too.