Real estate agents starve amid property boom – MacroBusiness

An interesting development is happening across Australia’s real estate agencies.
Despite Australia experiencing its strongest synchronised property boom in decades, real estate agencies are duking it out to secure the limited number of listings on offer.
The situation has become so extreme in Tasmania that the Real Estate Institute of Tasmania is literally “begging” agents not to discount their commission as they compete for scarce listings so as to avert a possible “race to the bottom” for the…

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