Discount Real Estate Broker Foxtons To Shut Down
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According to reports from Bloomberg, discount real estate broker, Foxtons, will shut down its U.S. operations and may file for bankruptcy, citing the sharp decline in the real estate market.
Foxtons operates in New York, New Jersey and Connecticut and pays agents a salary and a 3% commission on sales rather than the 6% traditional real estate brokers charge.
Foxtons operates in New York, New Jersey and Connecticut and pays agents a salary and a 3% commission on sales rather than the 6% traditional real estate brokers charge.
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