Freakonomics blog: “This Is the Sound of Chinks Appearing in Armor”
Link to post.Real estate listing services will, from now on, be required to treat listings from discount brokers the same as those from traditional (read: high-priced) agents. This is good news for consumers on both sides. Sellers using discount agents will get equal booking, and buyers will have an easier time finding homes where the list price is not inflated by traditional realtors’ fees.
In plain English, this could mean that home prices trend slightly downward as traditional agents are forced to compete with discount agents.
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