Realtor Fees Play Role in Home Prices

My family and I recently made a change that apparently thousands of my fellow Americans have made: We moved to Texas -- in our case, from New Jersey. As a result, I am now in the extraordinarily interesting position of being not just an industry observer, but a client. My first observation? Realtor fees matter.

One thing I did not realize until it happened to me was how much the nature of real estate agent compensation would affect my own decisionmaking. I believe the way that we compensate real estate agents for their work affects how we price homes to buy or to sell. Anecdote follows.