The Residential Real Estate Crash Index Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : The Residential Real Estate Crash Index

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: ild who wrote (14503)	10/25/2003 11:59:35 AM
From: MJ	Read Replies (2) of 306849

Go to the Yahoo site on Sotheby's and read the full story there on the agreement to price fix between Sotheby's and Christie's------. Is price fixing in the real estate industry any different???? Seems that is more of the same ilk. I pose a question--------is it truly worth 6% of gross sales price to sell a property in 2 months time. 6% doesn't seem like a lot in the lower price range------but then go to an area like the Wash metro area------a 6% on a house of $500,000(if you can find one) and over is substantial. 6% of 800,000 is 48,000----quite a hit imo. Now assume that the agent sells 4 homes at $800,000 in a month. This is almost a cool $200,000.00 because of set commisions-----3% to the buyers agent and 3% to the sellers agent. Translated to a year-------that is $2.400,000.00. mj

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next