Talk of The Villages Florida - View Single Post - Will new real estate law on August 17th dramatically lower realtor commissions?
Thread: Will new real estate law on August 17th dramatically lower realtor commissions?
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Old 08-07-2024, 08:27 AM
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Originally Posted by Bay Kid View Post
Commission fees are not the reason for higher prices. Homes will not be more affordable because of this government interference.
If commissions are tacked on to a price tag for a home, how does that not increase the cost of purchase, or the comp price for a neighborhood? If a seller wants 400 K for a house and they charge 424 K for a house, the new comparison is 424 K. The increase would be 6% additional in “value” to satisfy the exorbitant amount charged by an agent.
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Last edited by Normal; 08-07-2024 at 08:36 AM.