Technology

Small brokerage’s plan to dodge paying buyer’s agents will fizzle, most Inman readers say

Noteworthy amount of poll respondents, however, think Quill Realty's ploy to withdraw from its MLS may work

Future-Proof: Navigate Threats, Seize Opportunities at ICNY 2018 | Jan 22-26 at the Marriott Marquis, Times Square, New York

A small Seattle-based brokerage's plans to drop out of its multiple listing service won't work out well for the firm, according to an Inman reader poll. By leaving Northwest MLS sometime early in July, Quill Realty wants to avoid paying the MLS-guaranteed commissions that buyer's agents receive when they bring a buyer to a deal. Quill Realty plans to pass the savings on to its sellers. Approximately 85 percent of the 847 readers who responded to the poll said the tiny, two-agent firm's unusual experiment will fizzle. Buyer's agents play a key role in getting transactions done, they said. Even though most respondents thought the model would flatline, a remarkable number (125) felt that Quill Realty might be on to something. Given the rise of popular portals like Zillow, Trulia and Redfin, homebuyers have ample opportunity to find homes without an agent's assistance. That's Quill Realty's bet, at least. Given the firm's tiny size -- it closed just 12 deal...