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Strategies & Market Trends : Mish's Global Economic Trend Analysis
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To: RealMuLan who wrote (24301)2/24/2005 4:32:28 PM
From: redfish  Read Replies (1) of 116555
 
That's interesting. As I understand it, an agent can't list a house without a broker, so the terminology is off, it is actually a marketplace for brokers. No realtor can independently make the decision to participate, at least under the law in my state, regardless of the hunger the agent is experiencing.

$795 a pop to get a reduced-commission listing doesn't seem that great a deal to me if you are the broker ... after you list the house you are still going to have to market it and split the commission with the realtor who sells it. Maybe if the selling realtor agrees to take it as a charge against his/her commission.

And high end properties aren't going to be a big part of this service's customer base.
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