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GoLocalProv | People on the Move: PC and Residential Properties Announce Changes, Job Lot Award

GoLocal's People on the Move is an update on new hires and promotions across southern New England. If your organization has an announcement, email it to us at news@golocalprov.com. ....

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'Double-Dipping Agents' Overcharge Consumers Billions In Commissions

Inman Connect
Some one million homebuyers and sellers pay several billion dollars more per year in commissions than they should due to “double-dipping” agents, according to a new report from the Consumer Federation of America.
The consumer watchdog defined a double-dipping agent or dual agent as a single agent who represents both buyer and seller in a transaction and retains the entire real estate commission, typically 5-6 percent.
CFA examined about 6,000 home-sale transactions listed on a multiple listing service in 2021 in 12 major cities and several small cities nationwide and determined that an average of 9.4 percent of those deals were double-ended. ....

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