In Boulder, Mike Chambers faced a dilemma while attempting to sell his home. After meeting several real estate agents, each demanded a 5 percent commission, equating to $137,500. Frustrated by their inflexibility, Chambers decided to sell the house himself, sharing his experiences on social media under @realtorshateme, which garnered significant attention. His effort prompted local agents to push back against his campaign. Notably, despite a prior settlement aimed at changing high commission norms, little progress has been made, with agents still insisting on substantial fees.
Mike Chambers highlighted his frustration with real estate agents in Boulder who insisted on a 5 percent commission, leading him to sell his house independently using social media.
Despite a legal settlement requiring changes in commission rules, the prevailing rates for real estate transactions have remained stubbornly high for both sellers and buyers.
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