Agents offered a cut of price protection contracts

A company that offers price protection contracts to home buyers is offering real estate brokers and agents a 10 percent commission to sell their product, or about $300 on the sale of a median price home.

EquityLock Financial Inc. charges 1.5 percent to 2 percent of a home's sale price to provide 15-year contracts that provide a hedge against falling home prices. The company's referral program for Realtors and other real estate professionals pays 10 percent commissions.

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