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New York City Council Votes to End Broker Fees Squeezing Renters

(www.bloomberg.com)
258 points JumpCrisscross | 1 comments | 13 Nov 24 21:38 UTC | HN request time: 0.314s | source
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zjp ◴[14 Nov 24 00:00 UTC] No.42131619[source]▶
Based. Why the fuck do you deserve $10,000 for unlocking the door to an apartment I found myself?
replies(2): >>42132034 #>>42132172 #
nxm ◴[14 Nov 24 01:02 UTC] No.42132034[source]▶
Same thing could said of real estate agents
replies(3): >>42132138 #>>42132174 #>>42133136 #
lolinder ◴[14 Nov 24 01:16 UTC] No.42132138[source]▶
Our real estate agent more than earned her commission when we bought in 2021. There was zero chance we'd have landed a house that year without her help, and landing when we did got us a record-low mortgage rate that has more than covered the commission already.
replies(6): >>42132212 #>>42132397 #>>42133158 #>>42133722 #>>42134194 #>>42134733 #
1. matwood ◴[14 Nov 24 08:32 UTC] No.42134194[source]▶
For a first time buying it can be daunting. I even used a 'good' agent in the past. But, what made her good was that her and her husband were also contractors and together they were effectively real-time home inspectors with any house we looked at.

Since then I've bought a house without an agent and am about to sell another. All you really need is a lawyer and the internet. Then there are services you can pay to get on MLS.

IMO, RE agents hosed themselves by not self scaling down their commission percentages as prices went up. Even people who do want their help will balk at paying someone 20k-30k+.