Home Sellers Win $1.8B After Jury Finds Conspiracy Among Realtors

Could be big implications for home buyers in Silicon Valley. With standard-issues houses now casually in the $2M+ range, it's outrageous that the selling and buying agent each pocket $60K+ for a few days of easy work.

As a buyer if I don't use an agent I don't get the 2.5%. Why is the seller's agent entitled to it all if I am not part of their cult?

I hop this makes it for sellers and buyers to switch to fixed fee services, as there is ZERO difference to selling a house in Bel Air or in Mission Hills.

A buyer's agent also has a pervasive incentive to avoid places that for sale by owner. They are avoided.

Also notice 'Realtor', which is a registered trademark. Ever spoken to one? How they talk about their team? And their 'programs' to help lower interest rates? It's not that different from an MLM.

Discussed 5 days ago:

Jury Finds Realtors Conspired, Awards Nearly $1.8B in Damages

https://news.ycombinator.com/item?id=38089356 (273 comments)

PSA for sellers, use a "fixed rate" service that will be your realtor in name only and put your property on MLS

archived; https://archive.ph/k9Z2a