The Prof G Pod with Scott Galloway Office Hours: The Future of Real Estate Commissions, Why Americans Abroad Need to Vote, and How to Be a Good Son
9 snips
Mar 27, 2024 Dive into a riveting discussion about how new legal changes might reshape real estate commissions, making homebuying more accessible. The conversation shifts to the vital role of voting for Americans abroad, highlighting how their participation could influence U.S. elections. Finally, explore the complexities of father-son relationships, emphasizing personal growth and emotional connections. It's a mix of civic duty and familial insights that keeps the dialogue engaging!
AI Snips
Chapters
Transcript
Episode notes
High US Real Estate Commissions
- Real estate commissions, typically 6%, are higher in the US than in other developed nations.
- This has created a mob-like control over pricing, discouraging competition among real estate agents.
Impact of Lawsuits on Commissions
- Lawsuits against the National Association of Realtors are changing commission rules.
- This aims to increase price competition and potentially lower costs for buyers and sellers.
Negotiate Agent Fees
- Negotiate real estate agent fees like any other service.
- Choose agents based on service quality and price, fostering competition.