BrokerageIndustry News

Real estate fees inflated by $30 billion

Article criticizes industry's commission structure
Published on Oct 11, 2006

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by CareyBot

The commission structure in the real estate industry is "an anomaly" that may inflate compensation for services rendered by tens of billions of dollars each year, according to an article published by the AEI-Brookings Joint Center for Regulatory Studies, which offers analysis and recommendations on regulatory programs.

The draft paper, "A Critical Assessment of the Standard, Traditional Residential Real Estate Broker Commission Rate Structure," suggests that consumers would benefit most from fe ...