Yes, Dorothy, there is a cartel.
Posted by LaLa on 12 Jan 2006 | Tagged as: Blog, The Industry
There’s no place like home. And Glen Justice’s New York Times article, Lobbying to Sell Your Home gives us a peek into the influence wielded by real estate special interest groups on state regulators. Currently, the average commission in Manhattan is $4500 and $60,000 for a rental and sale, respectively. Let’s hope we’ll see some inquiries into the relationship between New York’s large brokers, the Real Estate Board of New York trade association and New York’s Department of State.
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