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After winning a landmark case against real estate agents, this startup aims to replace them with a flat fee | TechCrunch (techcrunch.com)

submitted 2 months ago by [email protected] to c/[email protected]

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[–] [email protected] 28 points 2 months ago (12 children)

And if you think this will trickle down to the buyers price, I've got a bridge to sell you.

[–] [email protected] 5 points 2 months ago* (last edited 2 months ago) (1 children)

Oh, it's much worse than that. The suit argued that property owners felt like it wasn't fair that they had to pay a 3% commission to get their property sold, filed a suit, won, and now, they're starting a service that forces the prospective buyer to pay additional flat fees per house tour and additional flat fees per offer they make, all of which was previously free for the prospective buyer.

[–] [email protected] 2 points 2 months ago

Yeah, that's exactly my point. This won't make anything cheaper. The people that set the price will continue to profit. All we did was move money from one pocket to another, but the pants are still on the same asshole.

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