Glenn Kelman claims on Twitter that “there is a conspiracy between iBuyers, but it’s to pay lower commissions to the brokers representing the buyers of the homes we sell, by about 60 basis points so far.”
Fact Check: False. A conspiracy requires an explicit or a tacit agreement between multiple parties to restrain free trade, meaning, parties agree not to compete in one form or another.
The best way to get all these conspiracies straight is to name the exact conspirators involved and how their actions violate the federal antitrust laws.
Vague and veiled assumptions rarely accomplish anything, but they do make an ass out of U and ME on Twitter.
#realestate #antitrust #kickbacks #partneragents #collusion #pricefixing #consumerprotection #realtors #socialmedia #influencerecosystem