A Realtor Tax In the Buying, Selling of Houses

The purchase of a home is one of the most important events in a person’s life. To many, the market for buying and selling homes may appear competitive, allowing current and aspiring homeowners to freely buy and sell their properties according to market‐​based principles. In truth, a stringent set of rules and norms dominates the residential housing market, dictating how real estate agents are compensated and whether one can practically sell a home without paying a small fortune in fees. The cost of all this to consumers amounts to tens of billions of dollars a year. Read Full Article »