Realtor must pay $1.8B for inflating commissions
cbsnews.com
Maybe high realtor commissions will come down now. Would you really care if your U.S. realtor shows up in a Civic instead of a Cadillac?
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Maybe high realtor commissions will come down now. Would you really care if your U.S. realtor shows up in a Civic instead of a Cadillac?
Compared to what? A flat rate?
Yeah, or a scale based on actual effort, not purely his much a home is worth.
A system which aligns incentives would be one where the commission is based on a percentage of anything above a certain sale price. This way, the realtor is incentivized to find a buyer at the very least at that price, and to find the highest possible price to get as much commission as possible.