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The internet didn’t shrink 6% real estate commissions. But this lawsuit might

Posted by   /  May 16, 2019  /  No Comments

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By Lydia DePillis | CNN Business

After moving eight times as her husband’s job transferred them around the world, Lindy Chapman felt she knew a thing or two about selling real estate.

Unlike her first home purchases, by 2015 she could do most of the initial research online, narrowing her home search to a few contenders before even bothering with a Realtor. Plenty of agents, it seemed to her, no longer did enough work to justify the traditional 6% commission: 3% on the seller’s side, and another 3% for the buyer’s agent.

So by the time Chapman moved to Dallas — a particularly frustrating relocation in which she ditched her agent and bought a home that was for sale by owner — she got her own Realtor’s license, thinking she could do a better job and charge less for it.

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  • Published: 4 months ago on May 16, 2019
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  • Last Modified: May 16, 2019 @ 10:44 am
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