You can buy your dream home and sell your current home at the best price without being coerced into paying high commissions.
Scare Tactics, Collusion and Coercion are just a few of the abuses bad Agents use in an effort to keep commission high. The good news is a well written offer still wins and homes that are listed are still sold at the highest price without having to pay high commissions (ask us to prove this with real MLS data in your area), but we can do better by having a completely open transparent market!
Let me preface this with not ALL agents use scare tactics, collude and coerce clients but it’s fairly widespread. There are great agents and firms. Also, I know from experience that there is work involved when it comes to buying or selling a home and people have the right to charge and to pay as much commission as they want. I am however against anyone that tries to employ tactics to close off the market for the sole purpose of charging higher fees.
The good news is that I don’t know of one home buyer that if they would have written the offer on the home they purchased with ShopProp versus another agent not only would have won the bid but also received a huge rebate! I also don’t know of home seller that left our firm to list with another company and achieved a higher price. I don’t know of any firm or agent that consistently achieves higher prices than it’s peers even though they may claim to with padded data. So if you are selling your home you don’t have to be coerced into paying a high commission. That being said below are some abuses you should be aware of.
You can easily establish if your real estate agent is bad agent and part of the effort to close the market off to the public so they and the industry can keep commissions high by the tactics they use. Do they:
Please don’t misunderstand me, as I said there is work involved when buying or selling a home and I am not against anyone being able to charge or pay someone any amount they want. I am against an industry or agents using scare tactics in an effort to limit competition to keep commissions high in a market that most of the public is involved with.
Rob Luecke CEO
I personally believe Real Estate Commissions have translated into billions of dollars of losses for consumers. I also believe it was part of the 2007-2008 crash.(see chart below)