Working in finance I have seen many good MLS ads and many more poor ones.
1% people work hard for their $$.
What I recently saw was:
List price for $540,000, 1% commission is min $5800. House up on MLS and sold in less than 2 days.
Then my clients used the 1% guy to buy their next place for $720,000. 6/3 split from a ful serve broker, paid the 1% agent = 12,300. The 1% guy took his $5800 on the buying end and refunded the rest back to the client, $6500.
In the end it cost the client $700 to sell his home on MLS, in 2 days, full MLS service. The agent got paid approx $5800x2 = 11600 for 2 days of listing and 1 week to find the next place.
As most people find their own homes on MLS these days anyways.
I'm a true beliver in a 1% agent!!!
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