There are 1 blog entries for July 2011.
Friday, July 8th, 2011 at 5:28am. 732 Views, 0 Comments.
A few years ago the book "Freakonomics" was published. The book takes a provocative approach to analysing how economics impacts our every-day lives in unseen ways and has sold over 4 million copies to date. One section of the book specifically singles out real estate agents and states that a real estate agent simply cannot properly represent their buyers well since their compensation is a percentage of the sale price. The authors theorizes that the economic incentive for a Realtor is in direct opposition to the clients interest and therefore a real estate agent cannot fairly represent a buyer (who wants the lowest possible price).
Ever since the book was published I regularly have people ask me whether Freakonomics is correct. My answer is that "No"…