Kirk's Market Thoughts Message Board

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Non-Tech : Kirk's Market Thoughts

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To: Kirk © who wrote (12492)	12/14/2021 4:21:54 PM
From: Elroy	Read Replies (3) of 26629

I don't know much about Zillow's business model or specifics, but I bought some Z and some OPEN as I think they are leading digital real estate companies, and real estate seems like a commission rich business ready to be seriously disrupted by automation. It's hard to understand why a home sale (or purchase) should cost the seller a percentage of the sale rather than a fixed rate. Perhaps agent's actually spent costs + fixed fee makes a lot more sense. But in California Bay Area, where it's fairly standard for homes to sell for a million dollars, paying the agent $50,000 just to sell the home seems steep to me.

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