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If a consumer only wants to pay a listing broker $4,000 and the buyer broker, $15,000 on a $600,000 property, saving the seller $11,000, that's totally up to the consumer.
If another consumer wants to pay a listing broker and the buyer broker the full $15,000 each (2.5%), on a $600,000 property, that's totally up to the consumer.
CEO's of non-traditional compensation models have figured out that getting the listing controls the parameters of the deals.
However, there's another side of the coin. How will multiple compensation models affect the real estate industry?
The jury will be in extended recess deliberating on the ultimate verdict about this question. But for now, let's look at a few things we can surely predict.
