Birdwatch Note Rating
2024-03-16 19:06:49 UTC - HELPFUL
Rated by Participant: 7946863C24566CA072464C16DF0AAA12161B8DD8CFCF44917AC6F7824AA49D49
Participant Details
Original Note:
The *mandatory* 6% commission is a hidden cost passed onto consumers aka home-buyers, and costs $200 Billion/year. That remains true in all cases. While real estate agents *may* improve information access, that isn’t strictly true when Zillow and other websites exist. https://consumerfed.org/wp-content/uploads/2019/10/Real-Estate-Commissioner-Report.pdf
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