
The importance of brokers in the real estate market is often overlooked. In the absence of a real estate broker, one would expect all of the following to be true EXCEPT:
A) The asking price would most likely be higher, on average, than in the case where a broker was involved because the seller is in total control of the sale
B) A seller would most likely rely on a "thinner" market (i.e. the seller has access to fewer prospective buyers)
C) It would be more difficult for an individual to buy a property
D) Buyers would be more inclined to negotiate prices downward by at least the value of a typical commission.
Correct Answer:
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