Industry NewsTechnology

Internet drives down real estate commissions

Report says e-revolution threatens 'information monopoly'
Published on May 19, 2004

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by CareyBot

A rise in Internet research by prospective home buyers is lowering real estate broker commissions in certain parts of the country, according to a research team's findings.

The research team, which included Rolf Wigand of University of Arkansas at Little Rock, conducted a survey of 4,600 real estate agents, selected at random, according to the news report ...

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