It's a mad mad mad mad real estate world

The Davison Files

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There’s a case buried somewhere under a big “W” containing a large cache of real estate fortunes, with a cast of some racing to locate it. Executive offices point left, brokers and Realtors go right. Franchises affiliate one way, franchisees go another. We have up markets, down markets and bizarre markets. Interlopers, outerlopers, discounters and for-sale-by-owners. Pretty soon a business model will launch that pays home sellers for their listings.

It’s a mad mad mad mad real estate world.