In a recent working paper by Federal Reserve economists, concerns were raised over the current agent compensation structure in the mortgage industry. The paper suggests that the existing compensation system could potentially be inflating home prices, which could have far-reaching implications for the housing market.
Key points from the working paper include:
– Fed economists expressing concerns that the current agent compensation structure may be contributing to higher home prices
– Potential implications for the housing market if these elevated prices are not addressed
– Calls for further research and potential policy changes to address this issue and ensure a more stable housing market in the future.
You can read this full article at: https://www.housingwire.com/articles/fed-advocates-for-change-in-the-agent-commission-dispute/(subscription required)
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