Is 'pay what you want' crazy enough to work in real estate?

  • In most cases -- though not all -- sellers participating in Bamboo Realty's 'Pay What You Want' offering have chosen to fork over a typical commission.

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Realtor Brian Holt recently signed a listing agreement, standard but for one minor detail: the absent commission rate. Rather than stipulate a fee, the contract stated that his client, Damian Romano, would pay Holt whatever he wanted. Holt stood to earn little, or even nothing, if he let down Romano.