Brooklyn: The Real Estate Holdout

Brooklyn has been a long-time holdout of the modern MLS system for transacting real estate. That's about to change.

1 minute read

December 24, 2004, 1:00 PM PST

"The fundamental way real estate is bought and sold in the brownstone neighborhoods of Brooklyn is about to change...

Real estate brokers in the rest of the country have done business that way for years. But in Brooklyn, which prides itself on being different, independent brokers who are reluctant to give up half of their income on every sale have shunned the co-brokering system and instead have clung to a tradition of having a single broker handle both sides of every sale."

Thanks to Chris Steins

FULL STORY: The Battle for Brooklyn

Sunday, December 19, 2004 in The New York Times

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