Freakonomics Asks: Does your real estate agent have your best interest in mind?

4 insights saved from this video by @money

@money
A home seller benefits substantially from waiting for a higher offer, while the agent bears extra work for a small commission increase.
@money
A $10,000 higher sale adds an agent only about $150 after commission splits, while demanding extra work and marketing.
@money
Real-estate agents keep their own homes on the market an average of 10 days longer and get higher prices than comparable client homes.
@money
People’s incentives predict behavior powerfully. Look at what someone stands to gain or lose before guessing what they will do.

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