Freakonomics asks are real estate agents worth the money you pay?
March 14th, 2008, posted by Brandon
Freakonomics, one of my favorite blogs, has an ongoing debate about whether real estate agents are worth the money. Here’s the blog’s latest post on the subject: Real Estate Agents, Revisited.
It is a reasonable question to ask are agents worth the money you have to pay? If you think about it, the buyer pays all commissions as he or she is the one bringing the money to the table – not the seller. The seller may pay through reduced equity, but the cash that allows the seller to pay anyone (including him or herself) comes from the buyer.
