BrokerageIndustry News

Editorial: ‘Junk’ fees bad for consumers

Brokers' extra charges upset agents, too
Published on Jun 24, 2009

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by CareyBot

The Inman News three-part series, "Broker fees divide Industry," written by staff writer Matt Carter, generated mounds of feedback, demonstrating that the industry is indeed divided on the issue of brokers charging a "transaction fee" -- which sometimes goes by other names -- that can add several hundred dollars to the percentage-based commission that consumers typically pay for real estate services.

We know the real estate industry -- as are most industries in this ailing economy -- are hurting, but consumers are hurting, too. Let's not sully the industry's reputation by sneaking in extra fees.