Referral fees in the real estate industry have emerged as a contentious issue, with critics arguing that they hinder innovation, drive up costs, and negatively impact both consumers and agents. The practice of paying referral fees has become widespread in the industry, creating a system that some believe is in need of a major overhaul.
Key points:
– Referral fees are seen as a hindrance to innovation within the real estate industry
– Critics argue that these fees inflate costs for consumers and agents alike
– The current system of referral fees is facing calls for reexamination and potential reform to better serve all stakeholders in the industry.
You can read this full article at: https://www.housingwire.com/articles/opinion-referral-fees-the-golden-goose-or-rotten-egg-of-real-estate/(subscription required)
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