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big news for the National Association of Realtors they've agreed to pay $418 million in a settlement last week people
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are freaking out about it as you know the seller of a home pays the buyer's agents commission buyers are responsible
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for paying their agents commissions going for it's always been crazy to me that anyone would pay a percent of
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absolute value it makes no sense I bought a home for a million I'm selling it for a million one so I've made
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$100,000 profit but I got to pay $60,000 of my total gross to an agent to sell it for me 60% of the profit goes I
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just gave up 60% of my profit on my home right it makes no sense and the crazy thing is that a bad sale of your home
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would be let's call it 900,000 or a million and a great sale would be 1.2 so exactly there's a very small margin
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where they actually have an impact based on the quality of their effort but they
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get compensated for the whole thing