Hungry Ojos said:
StandUpforAmerica said:
Hungry Ojos said:
I'm not arguing for unfettered access to the MLS. It's their proprietary software, and that's fine. However, they've also arranged for it to be really the only effective way to market real estate in Texas.
To answer your second question, the agent has a fiduciary duty to the client. So if the client wants to buy a house with no buyer's commission, that's too bad. They shouldn't have agreed to represent the buyer without insuring they'd get paid. To not do so and then only show houses where you get a free 3% from the seller doesn't seem to be acting in the best interest of the buyer.
Start your own MLS.
To your 2nd point, it is amusing how so many people want everything in this process for free.
It is too late to go down this path, but it would have been much better in the long run IMO if realtors were paid by the hour for everything. Look at houses for three hours, that will be 3 x hourly rate. Spend 8 hours getting a house ready to be listed, get paid 8 x hourly rate..
Huh? I don't want anyone to do anything for "free". But if a buyer wants to hire an agent, then the buyer should pay them for their services. Not the seller.
And when the majority of sellers are still offering buyer agent commissions to try and maximize eyeballs that see their house, the seller offering none will be at a disadvantage. It's more or less a marketing fee.
Like I've said, if you want anything to substantially change, you better hope that Zillow and Redfin get WAY better at being valuable. And it would help if you could get lawfare on your side to disband NAR (not going to happen), or hope another trade union comes about that can effectively compete with them (likely not to happen either).
Realtors will still be here in 10 years. And there will still be a structure in place that dominates the majority of sales where the seller is paying most of or all of the commission for the buyer's agent.
“Give it hell Heinekandle, I’m enjoying it.”
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- also Farmer @ Johnsongrass, TX (obviously in a worse mood)