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Hidden Real Estate Commissions:

Consumer Costs and Improved Transparency

By: Stephen Brobeck, Senior Fellow

October 28, 2019  |  Report

CFA released a report on hidden real estate commissions, which found that traditional real estate agents and brokers make it difficult for consumers to learn about commission levels.  This concealment helps explain why a large majority of consumers surveyed do not know that these levels are five to six percent of the sale price of a property.

 

The report was based on:

- Study of all 263 agent and broker websites (listed by Google) in four cities.

- Conversations with 200 agents in 20 cities.

- A national survey of over 2,000 representative Americans.

- Review of published research on the subject.

Download the full study HERE

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