The Real Estate Brokerage Industry is Broken
Abstract
The median price for homes sold so far in the US in 2022 is $428,700. Most brokerages charge commission based on a percentage of the sale price of a home, so theoretically higher pricing should drive higher commissions. Some market segments are holding strong on home prices, and other markets are experiencing sharp pricing declines. The primary lever that disruptors are not sustainable in the U.S. and other countries have found a way to make this work. For more information, please call the National Real Real Estate Association.
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