Business
Real estate commissions to get high house sale prices ‘unethical’ – NEWS.com.au
Real estate commissions to get high house sale prices ‘unethical’
In this post-pandemic world of surprisingly buoyant property prices, few people understand the unethical conflict of interest between real estate agents and vendors.
This conflict of interest is created by the current structure of traditional percentage based commissions and has ethical implications for the $6 billion real estate sales industry.
For generations we’ve been conditioned to believe that a commission incentivises real estate agents to achieve the highest possible sale price.
This was…
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