Realtors Discuss Freakonomics and Freedomnomics
This weekend I read the book Freedomnomics, subtitled "A Rebuttal to Freakonomics and More"
Author and Economist John Lott, Jr. provides some convincing arguments against the evidence and conclusions of the book Freakonomics.
Regarding the topic of real estate agents, Lott surmises that Levitt & Dubner habitually fail to realize "that market forces exist that punish dishonest behavior."
Lott doubts that real estate agents are really ripping off their own clients and states that a listing agent has very little to gain from encouraging buyers to deliberately depress bids on homes. . . . .