The Economist thinks there may be too many salespersons in the property selling field. And, they suspect they're charging too much commission, some 5%-6%. The magazine editors want them to reduce their commission rates. (The Economist, November 11, 2023, p. 15). Listening to CNN just now, the interest rate on 30-year mortgages may be approaching 8%!
One would think competition would solve the problem of too many salespersons!
My opinion.
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