When Town Residential announced last month that it was shuttering its core resale and leasing businesses, the company’s head Andrew Heiberger pointed to high commission costs and a fiercely competitive recruiting climate. Town isn’t alone in battling these forces: Traditional residential brokerages are facing an onslaught of threats in the form of open data, tech startups and the cult of the star broker. In this month’s cover story, The Real Deal dove into the challenges these firms are facing […]
source https://therealdeal.com/2018/05/01/the-real-deals-may-issue-is-live/
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