Thoughts about the recent real estate commission lawsuits. In real estate transactions, there's a lot of adversarial language. It's buyer versus seller and agents negotiating against each other and winning and losing, etc. No wonder we've come to a place where sellers come out and say, "wait a minute, why am I paying a commission for the other side to have representation?" I get that frustration.
So, let's talk about it. In today's episode I present a viewpoint that illustrates why saying "sellers pay commission at closing" is a narrow way to think of what's going on with commissions. I want to give a more holistic perspective on the cooperative nature of real estate practices (counter to the typical adversarial language that we often hear). Let's talk about how these practices are to the benefit of buyers AND sellers, and further how they protect and promote equity and balance in the marketplace.