Research claims discount brokers don’t affect home selling prices

Discount brokers routinely charge up to 70 percent less than the commission paid to traditional real estate agencies.

New research from Penn State’s Smeal [tag]College of Business[/tag] may lend support to the [tag]Federal Trade Commission[/tag]’s stance that [tag]discount real estate broker[/tag]s do not harm [tag]consumer[/tag]s. The Smeal study finds that [tag]discount brokerage[/tag]s, which often cost several thousand dollars less than traditional [tag]real estate[/tag] agencies, get the same selling price for homes as their [tag]full-service[/tag] counterparts. However, sellers have to be willing to wait about one week longer for their homes to sell.

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