Court ruling could change the almost-fixed 6% commissions when a home changes hands

[garrett]

In Canada where houses routinely sell for close a million, they have a typical 5 percent rule. That being a lot more people have started to use online realtors that mainly just list your house and do the bare minimum for 1 percent.

Right now it’s sellers who fit the bill. And since prices have skyrocketed sellers don’t care about the hit to an already huge profit. However, once the market corrects don’t expect sellers to fork over so much to realtors when they are selling at a loss.

Free Market Capitalism

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