A recent court ruling which could upend the property market in the US

Breakfast Business with Joe Lynam

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A recent court ruling which could upend the property market in the US

When you buy a house in this country, you may pay stamp duty but you don’t pay any commission, but in the US, the buyer and the seller both have to pay a commission of around 6% of the sale price. Also we call them estate agents, but they are called “realtors“ in the states, and that name is patent-protected in an oligopolistic way. There’s been a recent court ruling which could upend the property market in the United States and save buyers and sellers a lot of money. For more on this Joe spoke to property technology expert and founder of the company, OFFR.io, Robert Hoban.

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A recent court ruling which could upend the property market in the US