Town CEO Andrew Heiberger said it was the cost of commissions and competitive recruiting climate that led to the decision to shutter the brokerage’s resales and leasing divisions last week. “Due to the new realities of the new marketplace, it is simply impossible profit from those lines of business when considering the primary factors of the rapidly increasing agent commissions stemming from fierce competition to attract and retain the best talent; lead generation platforms; and […]
source https://therealdeal.com/2018/04/21/heiberger-says-high-commission-costs-competitive-recruiting-led-to-towns-downfall/
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