re: The home selling realtor setup is unfair to sellers and buyers

quote:

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Seems like through the home transaction process, the realtors earn the most while doing the least amount of work.

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Until they put in weeks of work and get nothing because a deal falls through.

This, ultimately, is the rub. Everyone wants to bitch about how much they make but they don't realize that the realtors make nothing until or unless a deal actually closes. I've watched my wife put in literal weeks of work trying to help a buyer find a house, list their house, work through all the negotiations on both sides of those transactions for contracts/repairs/etc.. and then have them walk because they got overwhelmed with the whole process and decided to shut the whole thing down.

Look, the reality is that the VAST majority of the population can't balance a checkbook, much less negotiate the whole process of buying and selling a home. Which, by the way, is generally the largest purchase a family will ever make. No one is forcing anyone to use a realtor. If you don't want to use one, don't use one. It's like this - everyone CAN change their own oil....but there is a damn jiffy lube on every corner. Why? Because people have different skills.

Everyone keeps pointing to the NAR class action that is happening right now. What people don't realize is that what comes out of that might be something MUCH less desirable for the vast majority of buyers. You guys should really dig in to the details of it before you get your torches an pitch forks out.