An Unbiased Analysis of the Recent $1.8 Billion Legal Verdict on the Real Estate Sector
Former JPMorgan Chase Global Chief Economist (Ph.D in Economics) & Current BrightQuery Chief Economist
First and foremost, readers should know that this legal verdict does not suggest that real estate brokers did anything wrong. The industry has long worked under a structure compensating the buying and selling broker between 5-6% for their services. Negotiating these fees, usually downward, has always been available. Estimates suggest that the $100 bi…
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