Chapters:
0:00 Introduction.
0:19 Pottle’s Qualifications.
0:52 Problem: High Sales Commissions.
1:19 Third Highest Fees Globally.
1:48 $100 billion of Fees in 2023.
2:10 Fees as % of Equity.
2:36 Example: Equity Depletion.
4:18 Commissions = 16.8% of Equity.
5:16 Real Estate vs Stock Broker Fees.
7:07 Working RE in the 1980’s.
7:55 Major Litigation.
8:45 Story Coverage in the Media.
9:05 Reform in the Future.
9:22 Alternative Perspective.
9:38 Topics of Future Videos.
10:38 Conclusion – Please Subscribe.

America’s real estate commissions of 5.5%-6.0% are the 3rd highest in the world and have not changed since the 1980’s. Americans are losing thousands of dollars of potential home equity on the sale of their homes. Depending on the circumstances, real estate commissions can equal 10%-20% of a homeowner’s equity, or even more. Class action lawsuits have been brought against major real estate brokerage firms and the National Association of Realtors for keeping commissions unfairly high. One jury already found them guilty in October of 2023 and more cases are pending. This channel will focus like a laser on helping viewers across America and the world build their net worth and funds for retirement. Pottle was a corporate, investment banking and project finance professional and has 30 years of experience on Wall Street. He was a Vice President with Deutsche Bank Securities, Sithe Energies (responsible for a multi-million dollar energy trading project) and The Industrial Bank of Japan (now Mizuho) as well as 2 small German banks. He was also a Financial Advisor with Merrill Lynch and a junior banker with UBS earlier in his career. His career also included living and working in New York, Dallas, Los Angeles and Tokyo, Japan as well as authoring the book: Fueling the Fire, The Battle for America’s Energy Future….(read more)

LEARN MORE ABOUT: IRA Accounts

CONVERT IRA TO GOLD: Gold IRA Account

CONVERT IRA TO SILVER: Silver IRA Account

REVEALED: Best Gold Backed IRA

Are you in the process of buying or selling a property and feel like you’re getting the short end of the stick? Real estate commissions are often a significant financial burden for both buyers and sellers, with many people feeling like they are paying too much for the services provided.

While real estate agents play an important role in facilitating transactions and providing valuable expertise, the commissions they charge can be exorbitant. The standard commission rate for real estate agents is typically around 6% of the final sale price, which can add up to thousands of dollars on a single transaction.

For sellers, this means a significant chunk of the profits from their sale going to the real estate agent. On the other hand, buyers may feel like they are indirectly bearing the cost of the commission through higher property prices.

But are these high commissions justified? Many argue that the real estate industry is ripe for disruption, with the traditional commission model being outdated and unfair to consumers. With the rise of technology and online platforms, some believe that the role of real estate agents will become less essential, making their high commissions harder to justify.

There are also alternative models emerging in the real estate industry, such as flat-fee or discount brokerages, which offer lower commission rates or a set fee for their services. These models can provide significant savings for buyers and sellers, without sacrificing the quality of service.

So, what can you do if you feel like you’re getting screwed by high real estate commissions? One option is to negotiate with your real estate agent for a lower rate, especially if you feel like the commission being charged is not reflective of the work being done. You can also shop around for different agents or brokerages that offer more competitive rates.

Ultimately, it’s important to be aware of the commission structure and fees involved in your real estate transaction, and to advocate for yourself to ensure that you are getting a fair deal. By being informed and proactive, you can avoid feeling like you’re getting the short end of the stick when it comes to real estate commissions.