Without the compensation approach as it is between the selling and buying broker, local broker marketplaces wouldn’t flourish and there wouldn’t be a level playing field for small businesses to have access to the same information as larger brokerages. Instead, the only thing changing how real estate compensation works would do is increase the cost burden for American homebuyers. Especially first-time homebuyers.

FULL TEXT: Op-ed by Former HUD Deputy Secretary: Changing How Compensation Works for Real Estate Agents Would Hurt First-Time Buyers – RIS Media

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