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The Economist and various commentators are advocating for a crackdown on real estate commissions in America, highlighting the anti-competitive behavior of the National Association of Realtors. They argue that high fees are limiting mobility and economic dynamism. A court case is seen as a crucial step in addressing this issue, with hopes of reducing the fixed 5-6% commissions that are well above those in other countries.
Extortionate realtor’s fees make America less mobile, less dynamic and less rich than it otherwise would be. It’s time to take a wrecking ball to them https://t.co/oIzmjvyYYH 👇
I’m excited that we might finally see a stop to the anti-competitive behavior of the National Association of Realtors that keeps real estate commissions fixed at 5-6%, well above other countries around the world. Can’t come fast enough as real estate affordability reaches at an… https://t.co/ZQmN7EeKnG
Real estate agent commissions might soon shrink, and that’s a good thing, @asymmetricinfo writes. https://t.co/F8vrKPMGVq
Time to take a wrecking ball to realtors’ fees in America from @TheEconomist https://t.co/KmS47A7gal https://t.co/HcbxBI9owo
It is time to take a wrecking ball to realtors’ fees in America. A court case is a first step to ending a racket. Read more https://t.co/u8VZQmHwNL 👇
For years trustbusters in America have been chasing cases against big tech. Yet they have neglected the scandal that is literally on their doorstep. It is time to take a wrecking ball to the real-estate racket https://t.co/BpOYxTpHPm 👇