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  2. Cornell SC Johnson College of Business
  3. Cornell Peter and Stephanie Nolan School of Hotel Administration
  4. Cornell Real Estate Review
  5. CRER Vol. 06 (2008)
  6. A Response to “A Critical Assessment of the Traditional Residential Real Estate Broker Commission Rate Structure” (abridged) by Mark S. Nadel

A Response to “A Critical Assessment of the Traditional Residential Real Estate Broker Commission Rate Structure” (abridged) by Mark S. Nadel

File(s)
2008_37_46_Nichols.pdf (605.5 KB)
Permanent Link(s)
https://hdl.handle.net/1813/70638
Collections
CRER Vol. 06 (2008)
Author
Nichols, Barbara
Abstract

Editor’s Note: Last year’s edition of the Cornell Real Estate Review featured an article by Mark Nadel presenting a criticism of the traditional real estate broker fee structure, the perceived value of brokers’ services, and alternative compensation methods that, from the author’s point of view, would better serve the public (“A Critical Assessment of the Traditional Residential Real Estate Broker Commission Rate Structure” Cornell Real Estate Review, Vol. 5, pages 26-46). Following the article’s publication, Barbara Nichols, a seasoned residential broker in Los Angeles and Cornell alumna, submitted a rebuttal to Mr. Nadel’s stance. If a scholastic journal’s aim is to provide a platform for staging new ideas relevant to its trade, so should a journal encourage germane issues to be concurrently or sequentially debated. Thus, in the spirit of thought provoking debate accompanying an academic journal, the Cornell Real Estate Review presents Ms. Nichols’ defense of the residential brokerage industry.

Journal / Series
Cornell Real Estate Review
Volume & Issue
Vol. 6
Date Issued
2008-07-01
Keywords
cost-value
•
rebuttal
•
brokerage commission
•
liability
•
agents
•
capitalism
•
dual agency
•
flat fee
•
rate
•
National Association of Realtors
•
brokerage
•
fiduciary duty
•
quick sale
•
incremental value
•
multiple listing service
•
realtor
Rights
Required Publisher Statement: © Cornell University. Reprinted with permission. All rights reserved.
Type
article

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