Do realtors steer buyers to listings that pay higher commissions? This new study by NBER says we do – I chimed in at the comment section:
Maybe it’s my rose-colored glasses, but doesn’t it seem like every issue facing realtors can be solved with the auction format?
From where I sit, every issue facing realtors can be solved by having the buyer pay for their own agent.
That would be a welcome relief for all, except buyer-agents would have to actually convince consumers of their abilities in order to get paid. Now, because it feels ‘free’, the consumer doesn’t qualify their buyer agent much – any agent will do.
Expect a big fight from NAR and the rest of the jokers if the NBER report leads to some sort of de-coupling of how we get paid – even though it would benefit all.
You mean to tell me that the realtor using the “Coming Soon” hoax is motivated by a double end commission. I am shocked! Don’t all realtors act as a fiduciary? A very slimy market here in North County. Seller beware and buyer good luck finding a decently priced property that hasn’t already be sold by a pocket listing agent to his friends or wealthy investor client. Get good help or bceome friends with the pocket lister realtor.
Don’t get me started – the worst part is how the association of realtors and Sandicor turn their head the other way and pretend it isn’t happening. I wish law enforcement would get involved – I have pitched the FBI and the fraud VP at BofA and both shrugged their shoulders.
When all is said and done, NAR doesn’t care about buyers and sellers. NAR cares about NAR. I just wish they’d be honest about it.