(no title)
chubot | 1 month ago
I gave an example here of using LLMs to explain the National Association of Realtors 2024 settlement:
https://news.ycombinator.com/item?id=46040967
Buyers agents often say "you don't pay; the seller pays"
And LLMs will repeat that. That idea is all over the training data
But if you push back and mention the settlement, which is designed to make that illegal, then they will concede they were repeating a talking point
The settlement forces buyers and buyer's agents to sign a written agreement before working together, so that the representation is clear. So that it's clear they're supposed to work on your behalf, rather than just trying to close the deal
The lie is that you DO pay them, through an increased sale price: your offer becomes less competitive if a higher buyer's agent fee is attached to it
No comments yet.