Birdwatch Note Rating
2024-03-16 17:30:50 UTC - HELPFUL
Rated by Participant: 92DC8E474788931BB209EE96841B9ECD33C3A32AA36108082940D7F108C1876F
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
All Note Details