They should not SET the commission amount, because as the DOJ says, they do so under the threat of a group boycott if they don't offer the "standard" (which I know is a word you are not supposed to say).The reason Realtors and the NAR are fighting so hard to keep seller set commissions, is that buyers do not believe they get $12,000 worth of service when they buy the average $400k home.

I do believe analyzing properties is a very crucial skill, so i am putting lots of effort into learning that.

I believe it was either Tony or Henry Washington.

@Ashish Acharya @Clinton Davis yeah that's the last I heard too but there seems to be alot of confusion and I find it hard to believe that the Govt would enforce the outrageous penalties with all this confusion. 

The audience is pre-disposed to believe. 

I believe if people make money and there is sufficient housing supply, housing will become affordable. 

Do you guys believe that South Florida is overvalued?

They bank believes it is more risky for them if I don't leave some of my own money into the deal as a down payment.

There are also a lot of attorneys in FL working pro bono to go after lenders as I believe there is something in the statute that not only can they recoup fees but they can also get consequential damages.

But if you have a cash buyer who is specifically looking for income property, and even more specifically a vacation rental property,  I firmly believe that there is a value add from having a working STR there.