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🚨🚨 180!!!! The 6% Realtor Commission is OFFICIALLY dun for 🚨🚨
Poast new message in this thread
Date: March 15th, 2024 2:38 PM Author: honey-headed nudist stage https://www.cnn.com/2024/03/15/economy/nar-realtor-commissions-settlement/index.html
fuck these lazy overpriced do nothings. |
Date: March 15th, 2024 2:39 PM Author: Dull appetizing garrison factory reset button Great job goys!! you won!! enjoy your reduced 4.5% realtor commission plus 1.5% mandatory tip (http://www.autoadmit.com/thread.php?thread_id=5504680&forum_id=2#47496949) |
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Date: March 15th, 2024 2:41 PM Author: honey-headed nudist stage JFC TT, let us have our small victories when we can. (http://www.autoadmit.com/thread.php?thread_id=5504680&forum_id=2#47496955) |
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Date: March 15th, 2024 8:47 PM Author: Cerise messiness When do I get my damages check? (http://www.autoadmit.com/thread.php?thread_id=5504680&forum_id=2#47498182) |
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Date: March 15th, 2024 11:27 PM Author: motley umber place of business (http://www.autoadmit.com/thread.php?thread_id=5504680&forum_id=2#47498499) |
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Date: March 15th, 2024 8:50 PM Author: Rough-skinned plaza yarmulke wow. i don't understand why this hurt the stock of zillow and redfin. i get they have a realtor business. but i would think cheaper commissions would mean more transactions
edit: this feels like a huge win for the US economy overall |
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Date: March 15th, 2024 8:53 PM Author: At-the-ready newt corner Algos and traders don't take second order effects into equation
Immediate impact is less revenue, trade stock down
It's up to fundamental analysts to analyze your thesis and make a decision one way or another and that takes time vs. immediate moves
xoxo hth |
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Date: April 1st, 2024 6:40 PM Author: Abusive dingle berry (http://www.autoadmit.com/thread.php?thread_id=5504680&forum_id=2#47545972) |
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Date: March 15th, 2024 8:51 PM Author: sapphire autistic community account This is good for sellers, but will not help buyers by lowering price in proportion to the lowering of the commission. Market price does not materially take commission into account. (http://www.autoadmit.com/thread.php?thread_id=5504680&forum_id=2#47498193) |
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Date: March 15th, 2024 9:11 PM Author: Cerise messiness More people who were on the fence about selling will now be more likely to sell their houses if they know they don't have to pay the full 6% anymore.
And that additional inventory coming onto the market will be a downward force on prices. |
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Date: April 1st, 2024 11:17 PM Author: Supple Becky Not with interest rates still in the 6-7's.
WTF would I sell my sub-3% interest rate just to get hit with twice the rate? |
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Date: April 2nd, 2024 12:19 AM Author: Sienna vibrant resort (retard) (http://www.autoadmit.com/thread.php?thread_id=5504680&forum_id=2#47547223) |
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Date: March 15th, 2024 11:23 PM Author: provocative nowag azn (http://www.autoadmit.com/thread.php?thread_id=5504680&forum_id=2#47498495) |
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Date: March 15th, 2024 8:51 PM Author: Sticky pale immigrant hall I guess I don't understand. How is realtor different from every single do-nothing job out there? (http://www.autoadmit.com/thread.php?thread_id=5504680&forum_id=2#47498195) |
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Date: March 15th, 2024 8:53 PM Author: Concupiscible yellow area twinkling uncleanness The difference is they're currently making $0 while other people are still making $ (http://www.autoadmit.com/thread.php?thread_id=5504680&forum_id=2#47498200) |
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Date: March 15th, 2024 8:52 PM Author: Concupiscible yellow area twinkling uncleanness It's funny because that's exactly what will happen to attorney fees when Amazon, Walmart etc are allowed to own law firms (http://www.autoadmit.com/thread.php?thread_id=5504680&forum_id=2#47498197) |
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Date: March 16th, 2024 11:37 AM Author: cracking reading party lol @ thinking jews will let this EVER happen (http://www.autoadmit.com/thread.php?thread_id=5504680&forum_id=2#47499023) |
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Date: April 2nd, 2024 12:03 AM Author: Supple Becky It's going to happen.
It's just a question of how long state Bar's will continue with this facade of giving a fuck about "the profession" |
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Date: April 2nd, 2024 12:03 AM Author: Supple Becky cr (http://www.autoadmit.com/thread.php?thread_id=5504680&forum_id=2#47547158) |
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Date: March 15th, 2024 8:53 PM Author: Bull Headed Church Deer Antler Idk how I feel about this. We’re going after “obvious” frauds who are basically Proles. Meanwhile the female CTO of OpenAI makes $2,000,000,000k with zero Engineering Awareness (http://www.autoadmit.com/thread.php?thread_id=5504680&forum_id=2#47498203) |
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Date: March 16th, 2024 12:23 AM Author: chocolate electric principal's office this is an astronomical change.
anyone know a realtor? is he/she/they angry AF? |
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Date: March 16th, 2024 7:45 PM Author: Rough-skinned plaza yarmulke they're all flipping out on twitter (http://www.autoadmit.com/thread.php?thread_id=5504680&forum_id=2#47499906) |
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Date: March 16th, 2024 11:58 AM Author: sick multi-billionaire How will this play out in the market? (http://www.autoadmit.com/thread.php?thread_id=5504680&forum_id=2#47499048) |
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Date: March 16th, 2024 8:13 PM Author: Stimulating Federal Travel Guidebook So for someone who owns a $2M house this is like getting $50k more equity? (http://www.autoadmit.com/thread.php?thread_id=5504680&forum_id=2#47499965) |
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Date: March 16th, 2024 9:00 PM Author: Rough-skinned plaza yarmulke i think so, yes. i think this unlocks a ton of value for american consumers. will be interesting to see what changes with the practice of real estate selling, like presumably some realtors will now quit and take other jobs, but will the quality of the service decline at all etc (http://www.autoadmit.com/thread.php?thread_id=5504680&forum_id=2#47500058) |
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Date: April 1st, 2024 6:51 PM Author: 180 amethyst incel crackhouse Everheart1955 • 17d ago • Edited 17d ago
Without a doubt, the most disappointing thing this associations ever done after 24 years in real estate. Thank you NAR, that bus hurt! I am astounded that with all the fees me and a million and half other agents have paid you year after year, you were unable to express our value in a lawsuit. Nice work, you failed miserably.
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Date: April 1st, 2024 6:51 PM Author: 180 amethyst incel crackhouse VicarVicVigar • 16d ago
Am I missing something? Won’t this just make it harder, riskier, or more expensive for most buyers? It’s already a nightmare for buyers in this market. I keep reading that “this will lower home prices”… I really can’t see this having any effect on list prices where I am in CA… There’s already a housing shortage. What seller is going to lower the price and take less than comp, because the buyers agent isn’t getting a split of the commission?
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Date: April 1st, 2024 6:53 PM Author: chocolate electric principal's office LOL they are shameless (http://www.autoadmit.com/thread.php?thread_id=5504680&forum_id=2#47546015) |
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Date: April 1st, 2024 6:53 PM Author: 180 amethyst incel crackhouse iamtehryan • 17d ago
Agents should really band together and demand lower fees and dues from nar. They have never been for the protection of agents, made even more evident by this clusterfuck of a settlement. There's absolutely no reason why we should be giving them all of this money just to have them turn around and screw us more.
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Date: April 1st, 2024 6:58 PM Author: 180 amethyst incel crackhouse nky-Doo • 17d ago
I have always thought that the reason courts have been friendly to NAR is because without realtors, the courts would be absolutely jammed with real estate lawsuits. We’re not attorneys but we at least steward transactions and provide disclosures and representation in a way that limits how much litigation actually happens.
Now the floodgates will open. The first few months of this new system is going to see a huge influx of lawsuits between buyers and sellers because representation is going to be so uneven. It’s crazy that buyers will basically be able to purchase a la carte fiduciary services. And is our E&O going to be happy with us taking on liability for a transaction that we got paid $500 for?
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Date: April 1st, 2024 7:01 PM Author: 180 amethyst incel crackhouse ollem78 • 16d ago
The way I see it, this settlement really benefits sellers. They now don't have to pay as high of a commission to sell a property. Also, they will likely not have to do as much to sell a property because there won't be a pesky buyers agent making them fix things with remedy requests.
This hurts buyers because they will likely not know when they are being taken advantage of, and will likely not have money to hire an agent to be their fiduciary, or not be wise enough to see the value in it. First time home buyers will get hit the worst.
Here's a fun fact: 30% of residential real estate in the US is owned by investors. So people who have money already.
God this country fucking HATES poor people. Ironically, it makes more everyday and does everything it can to keep them there.
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Date: April 1st, 2024 7:29 PM Author: Dark roast beef set So now it will be impossible to sell a house? Good job lawyers! (http://www.autoadmit.com/thread.php?thread_id=5504680&forum_id=2#47546096) |
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Date: April 2nd, 2024 12:21 AM Author: Sienna vibrant resort My home value has increased (http://www.autoadmit.com/thread.php?thread_id=5504680&forum_id=2#47547231) |