6% Commission - The 60 Minutes Episode That Realtors Don't Want You To See
Monday is going to be a tough day in the office for the executives at the National Association of Realtors. Tonight Lesley Stahl and the 60 Minutes team is asking them a very uncomfortable question - Why should someone selling their home pay an agent a 6% commission when there are plenty of online resources available?
6% - Realtors’ sacrosanct commission rate of 6 percent may be in jeopardy due to emerging online competition from Internet real estate sellers and buyers. Lesley Stahl reports. Richard Bonin is the producer.
Do you think that the organization is worried that the public may catch on to the 6% scam? According to these talking points that were circulated to agents, maybe -
"Bottom line is that we don't expect that the segment will make Realtors happy, but it could have been much, much worse," the NAR said in the memo. "Be glad that it's Mother's Day and the show will probably draw fewer than its average 14 million viewers."
Check out our Web Resources For Homeowners section that has info on how to sell your house without an agent.
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