Tag: cooperating commissions

How Home Buyers And Sellers Can Navigate The Cooperating Commission

How Home Buyers And Sellers Can Navigate The Cooperating Commission
On Thursday I explained how cooperating commissions work, who pays them, and what impact it has on real estate transactions. What I put off until today was the various options that home buyers and sellers have in lowering the cost of these commissions – although I did mention how home sellers could take advantage of... Read more »

The Truth About Coop/ Buy-side Real Estate Commissions

The Truth About Coop/ Buy-side Real Estate Commissions
A couple of weeks ago I wrote about those allegations of conspiracy and collusion. No, not Russian interference in our election. I’m talking about that class action lawsuit regarding alleged price fixing with regard to real estate commissions. It centers around cooperating (buy side) commissions – why they are needed and how they are priced.... Read more »

Home Sellers File Real Estate Commission Class Action Lawsuit

Home Sellers File Real Estate Commission Class Action Lawsuit
Wow! On some level I’m really enjoying this. I’ve always maintained that real estate commissions are just too damn high. So imagine my amusement when a class action lawsuit is filed, claiming that 4 of the nation’s largest franchised brokerages conspired with the National Association of Realtors to fix real estate commissions in 25 cities.... Read more »
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It's Not A Realtor Conspiracy Keeping Real Estate Commissions High

It's Not A Realtor Conspiracy Keeping Real Estate Commissions High
Last week an editorial appeared in the Wall Street Journal: When You Buy or Sell a Home, Realty Bites. The article was written by the guys at REX, an early stage company that helps sellers sell their homes off the MLS without paying a cooperating commission which I wrote about last month: $75 MM Investment... Read more »

$75 MM Investment In REX Homes Makes No Sense

$75 MM Investment In REX Homes Makes No Sense
A few weeks ago REX Homes, another real estate startup with a unique business model, raised an additional $45 MM in a third round of financing, bringing their total to $75 MM since they were founded in 2015. God knows the real estate industry is in sore need of new business models. Home buyers and... Read more »

Do high cooperating real estate commissions help sell homes?

The other day I got an email promoting the closeouts at The Columbian at 1160 S Michigan Ave (more on that in another post). One of the things that got my attention was that they are offering buyer’s agents a 3.5% commission on all the units except the penthouse unit listed at $1.9 MM on... Read more »
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