Real estate rebate ban harms consumers

Perspective: State law protects status quo at home buyers' and sellers' expense

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Inman Connect New York | January 29 - February 1, 2019

Picture this: A real estate agent takes a prospective home buyer around town on a house-hunting expedition. The agent shows the buyer a number of houses, and along the way, they both become hungry. They decide to stop for a sandwich and a soda. The agent turns to the buyer and says, “I’d be happy to treat you to lunch today, but I can’t do it because it would be illegal.”

That’s a joke, right?