Quote Originally Posted by Dan Druff View Post
Settlement has likely been reached:

https://www.usatoday.com/story/money...t/72985989007/



The biggest change is likely to be moving the commission for the buyer's realtor over to being the buyer's responsibility. Previously that 3% came from the seller.

This is expected to open up new competition for commission, as buyers often will want to shop the best deal. The seller can still offer to take both ends of it, but it will no longer be expected.
The commission on selling a house is absurd. Yes, I get the fact everyone needs to earn a living. But to sell a $400,000 house for nearly $30,000 cost (7.5% when you include closing costs), is quite ridiculous.

Some of the dumbest and scammiest mutherfuckers are realtors. I actually got my realtor license years ago and never sold a house. I trained with a realtor on an open house in which 1 person showed up for a viewing. We just sat there for 5 hours and I know for a fact the 'training realtor' was rummaging through their medicine cabinet for pills because I could hear drawers opening. He also spilled his coffee on the couch and he flipped the cushion.

I went to talk to the broker Monday, asking him was it normal to sit around for 5 hours with ONE non-interested buyer to come in. I mean is not like you were getting a salary, you just wasted 5 hours of your time. He rummaged around his bookcase and gave me a DVD called something like Real Estate for Winners or something like that. He mumbled something like you have to make your own luck. He then said to make sure he got the DVD back, I left the DVD in the break room and never came back. Funny thing is I never got a call why I never came back. Just went back to my day job. LOL