Real estate commissions are inflated by as much as $50 billion per year due to the lack of price competition created by having listing brokers set co-op fees for buyer brokers, according to the report in the Berkeley Business Law Journal.
Source: Inman News
Study commissioned by REX claims commissions are deeply inflated
Published in agent competition, antitrust, buyer broker commission rule, commissions, competition, cooperation, doj, ethics, fiduciary duty, mark nadel, MLS & Associations, NAR, national association of realtors, real estate commissions, rex, Rex Real Estate, Select, steering and U.S. Department of Justice
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