Fed Economists Offer Solution to High Real Estate Agent Commissions
Thursday, 7 March 2024, 14:44
Richmond Fed Economists' Proposal
Federal Reserve economists from the Richmond branch have put forward an innovative solution to real estate agent commissions.
À La Carte Model
They propose an 'à la carte' approach that could potentially save around $30 billion from agent commissions.
This model focuses on redistributing profits made by buyer agents in the housing market.
A paradigm shift in the real estate industry is on the horizon with this proposed solution.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.