brokerage firms
3 statements across 2 episodes · 0 bullish · 2 bearish · 2 people on the record · first statement Dec 18, 2017 by Alexa von Tobel · across every show →
Everything said about brokerage firms, oldest first
Dec 18, 2017 negative
Jul 26, 2021 negative
Reffkin: Traditional brokerages pocketed profits instead of investing in R&D
“This has been a model for over a hundred years where brokerage firms had taken the profits from the agents, split it between the manager, the manager's manager, and the owner, and on balance that owner put in their pocket and then they went on vacation. But wh…”
Jul 26, 2021
Reffkin: A real estate brokerage's customer is the agent, not the homebuyer
“You can't work for everyone. And who's your customer? Your customer is the person that pays you. And buyers and sellers don't pay brokerage firms. They pay agents. And agents are the ones that pay brokerage firms. They split a percentage of what they make with…”