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How is hiring a professional to help you sell a property a "huge entrenched social system" sorry ? No one is forced to hire a real estate agent. I bought my house through private sale.



> No one is forced to hire a real estate agent.

but for long time in the US you were "forced" to hire a real estate agent, if you wanted to get the market price.

Refer to the NAR settlement that pretty much admits to this.

https://www.realestatecommissionlitigation.com/

This is not to say that real estate agents cannot add value to a process; it is just that they were a cartel with anticompetitive practices.

The mandated and fixed 6% on each sale was and is ridiculous, when the median sell price is 400K in the US ... that is 24K commission


That really does say something about how unrealistic house prices are nowadays, doesn’t it?


it doesn't say anything about house prices IMHO,

simply put the cost of selling a home should not be linearly related to the cost of the house,

and especially should not be a fixed constant across the entire country




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