Federal Reserve Bank of Richmond: 'Two-sided Platforms and the 6 Percent Real Estate Broker Commission'
June 24, 2025
June 24, 2025
RICHMOND, Virginia, June 24 (TNSLrpt) -- A working paper from Federal Reserve Bank of Richmond in June 2025, "Two-sided platforms and the 6 percent real estate broker commission" (WP 25-05), proposes that this ubiquitous rate is tied to the costs homeowners face if they choose not to sell their property.
Authored by Borys Grochulski and Zhu Wang of the Federal Reserve Bank of Richmond, the research posits that real estate brokers operate a "two-sided platform" th . . .
Authored by Borys Grochulski and Zhu Wang of the Federal Reserve Bank of Richmond, the research posits that real estate brokers operate a "two-sided platform" th . . .