Byron Lazine and Nicole White are two agents in Connecticut who give us their thoughts on the week’s news every Friday in “The Real Word,” a weekly video column on Inman.
Watch Byron Lazine and Nicole White give a real estate agent’s perspective on industry-related topics. This week, they’ll work through what low-fee brokerage Trelora is up to and how it’s affecting agents.
Trelora announced this week that it will begin encouraging its sellers to offer 2.8 percent commissions to buyer’s agents. Though sellers working with the brokerage have the ability to offer whatever incentives they want, in the past, Trelora had urged them to offer buyer’s agents just $3,000, or the same sum Trelora gets.
However, the company also will be making a provocative pitch to would-be buyers: ditch your agent, work with us, and keep the cash for yourself.
This week on “The Racket”: