Why is it so expensive to buy or sell a house in America?
IN BRITAIN, if you want to sell your home, an estate agent will list the property, find a buyer, help you negotiate a deal and guide you through the transaction, all for a commission of 2-3% of the sale price. In America, realtors provide the same services for roughly double the fee.
This article appeared in the Business section of the print edition under the headline “The great realtor rip-off”
From the May 5th 2012 edition
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