Realtor’s Business Model Does Not Work With Current Technology and Housing Market
A lot has been made recently of Realtor’s commissions. When the housing market was rising, there was room in the price for everyone and the commission wasn’t given a lot of thought. Now that prices are coming down, the topic is of greater concern. With so many Americans having so little equity in their homes, how many sellers will not have room for a 6% commission, or even 5%? How many will turn to FSBO’s, not because it is their preference to sell their own house, but out of necessity? As people ponder these questions, they are also questioning if Realtors are worth the commissions currently being paid.
