The real impact on our market will be when competitors reduce their commissions on their sales. The Villages Real Estate agency will only reduce their commission when they see their sales drop significantly. Interestingly, I sold a house we had in New Port Richey about 5 years ago and only paid 2% commission. The house sold within a week for cash.
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“There is no such thing as a normal period of history. Normality is a fiction of economic textbooks.”
— Joan Robinson, “Contributions to Modern Economics” (1978)
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