Comment Comment by DataDive > No one is forced to hire a real estate agent.but for long time in the US you were "forced" to hire a real estate agent, if you wanted to get the market price.Refer to the NAR settlement that pretty much admits to this.https://www.realestatecommissionlitigation.com/This is not to say that real estate agents cannot add value to a process; it is just that they were a cartel with anticompetitive practices.The mandated and fixed 6% on each sale was and is ridiculous, when the median sell price is 400K in the US ... that is 24K commission parent DataDive 2 years ago
but for long time in the US you were "forced" to hire a real estate agent, if you wanted to get the market price.
Refer to the NAR settlement that pretty much admits to this.
https://www.realestatecommissionlitigation.com/
This is not to say that real estate agents cannot add value to a process; it is just that they were a cartel with anticompetitive practices.
The mandated and fixed 6% on each sale was and is ridiculous, when the median sell price is 400K in the US ... that is 24K commission