“I think I’ve figured out the solution. From now on, the last three digits in the list price represent the basis points the seller is willing to offer a buyer’s agent. $595,250 = 2.5%. It’s elastic from 0% to 9.99% and legal proof. Is the DOJ going to crack down on how sellers price their property? 🤯”
Vendor Alley Reader
The reader only wished to be identified as a “strikingly handsome and incredibly intelligent industry expert.”
It takes 3 incidents to declare a pattern. It takes 3 patterns to support an injunction. It takes one injunction for the practice to be banned. So yes this might work for 6-8 weeks. Then NOT
The first amendment says injunctions won’t stick.
Besides, Realtors will just bring a clock to photo day and set the time to the comp offer.
So many photos are taken between 2:30 and 3:00. Coincidence?
Clever. Except most of us try to price homes strategically so they show up in multiple searches- in 10k or 25k increments.
I’ve commented that Michael Ketchmark is already polishing up his ambulance to be ready for the next real estate industry lawsuit. I believe he also has a DOJ Bat Signal. Probably not a good idea to give him any entry to another lawsuit. Clever though…