I just read an article by Clark Howard, our local consumer advocate that really got my blood boiling! He advocates selling your house yourself and save that commission. This would mean, in his mind, that Realtors offer no real benefit, because they really only list the home in the MLS. Now, FSBO's can list on the MLS and Realtor.com themselves. I don't know the cost, but all they have to pay is 2-3% to the selling agent. This is referring to www.iggyshouse.com. They are also connected to BuySide Realty, who are discounters. THEN, they tell the buyers that they will get 75% of their commission back on the buying side. Why is this not considered an illegal referral fee system? I feel I would be in trouble if I tried that (not that I would).
They are operating in: California, Texas, Florida, New York, Oregon, Washington, Indiana, Kentucky, Tennessee, Virginia, Georgia, Michigan, Illinois, South Carolina, North Carolina, Maryland, Massachusetts, Connecticut and Colorado.
Have any of you run into this outfit or know what they are really charging?