buyer agent: Redfin Redux
- 05/27/08 10:56 PM
By the way, I'm not picking on Redfin. If you Google "rebate" and "real estate" you get about 495,000 hits. There are a lot of firms and agents out there on the rebate bandwagon. After my last post, I got a bunch of replies from supporters of rebate models. I would like to comment on these comments. 1. There is a common assumption that the sale price is driven by the commission. For example, if a seller is asking $100,000 and paying a three percent commission, the price would sort of be automatically reduced to, say, $98,000 if the commission were … (11 comments)
buyer agent: Out to Get Redfin?
- 05/27/08 02:43 PM
I was following a lively question and answer set on a Redfin forum when someone in the discussion (a Redfin representative?) accused other party (sounded like a consumer) of being "out to get Redfin." The consumer was arguing that Redfin's offer of "2 percent back" to the buyer is false advertising since Redfin's policy is to rebate the buyer 2/3 of the commission they receive, whatever it is. While I sympathize with the consumer in this discussion, is it just me, or is the focus on the wrong issue? Doesn't anybody but me have a problem with the term "refund" being used to describe the seller's … (5 comments)
By the way, I'm not picking on Redfin. If you Google "rebate" and "real estate" you get about 495,000 hits. There are a lot of firms and agents out there on the rebate bandwagon.;)
;)
