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That’s just market value, not 70% or 110%.
by zeckalpha 6y ago
That’s just market value, not 70% or 110%.
- brudgers 6y agoReference, https://www.nber.org/digest/mar05/do-real-estate-agents-exploit-their-information-advantage https://www.nber.org/digest/mar05/do-real-estate-agents-expl... With a realtor in the middle of a transaction, it's not solely between a willing buyer and seller. The realtor has interests orthogonal to both parties. These interests are driven by their overhead, access to working capital and the time value of money. As well as their personal timelines...try to close a real-estate deal the Friday before a long weekend or the Monday after.