Inman New, the real estate industry’s online newspaper and conscience put out an article today by crack reporter Marian MacPherson that the “Consumer Federation of America has released another scathing report about the real estate industry, this time focusing on an alleged lack of transparency regarding agent commissions and commission splits.”
She writes: “Released on Monday, the report is based on a survey of 2,000 Americans, as well as conversations with 200 agents located in 20 metros and an analysis of 263 agent and broker websites across four markets.”
And Inman News goes on to say: “According to the study, only 32 percent of Americans know an agent’s typical commission, which is anywhere from 5 to 6 percent of the sales price. Of the 453 respondents who’ve bought or sold a home within the past five years, only 44 percent knew the typical commission.”
Stephen Brobeck, who wrote the scathing report for the Consumer Federation of America, met with Quigler both at the NAR national meetings and Washington meetings and reviewed Quigler with rave compliments for doing something to revolutionize the transaction. In Inman’s article, Brobeck said:
“consumers’ lack of awareness stems from brokers and agents lack of transparency about commissions and commission splits.”
This would NEVER be possible if a consumer chose an agent on Quigler. An entire Step in a typical Seller or Buyer transaction on Quigler is devoted to “Agency” and another to “Compensation.” Every consumer should be using an agent who provides them Quigler. If not, the consumer should go to www.Quigler.com and download it for themselves and then invite an agent to join them. Quigler seeks agent who want to change the world of the consumers’ transaction by providing to consumers unprecedented transparency, accountability and time-stamped and dated, written notifications and now an Update Letter every two weeks.