Monday, May 14, 2007

60 Minutes

Oh, boy. The 60 minutes piece that aired on May 13 is controversial among Realtors, to say the least. What 60 minutes doesn't say is what Redfin actually does for sellers, or how they handle multiple offers for their buyers, how many of their listings expire due to lack of exposure, etc. Of course, I'm a full service Realtor and of course I'm going to resent discounters -- they make this all look so easy. It's not.
I'm also wondering: the commission arrangement is between the seller and listing agent. Shouldn't sellers have some say in rebates going to buyers? After all, it's their money...

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