Where Real Estate Gets Its Dirt

Vendor Alley reader has unique solution to compensation disclosure on MLS systems

“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.”

  1. 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

  2. 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?

  3. 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…

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