Powerful Realtor Group Agrees to Slash Commissions to Settle Lawsuits

[louis-t]

7. There has never been a 'fixed' commission. All commissions are negotiable.

Always have been. There has never been industry-wide collusion in my business ever. If agents would explain to sellers and buyers what is already on their own forms, this would never have happened. In a seller's market, this was likely to come up because prices have gone up so high, when sellers see the commission they freak out. Never mind that they just made another $100,000 on their house in the last 4 years. In a buyer's market (if we ever get back there again) sellers will be begging us to sell their house and commission won't be an issue. Isn't it amazing that no one ever says attorneys make too much money? $400 and hour is just fine.