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This is not how most people buy a house, largely because it is not the way the nation's dominant real estate firms, including Century 21, Coldwell Banker, ERA and ReMax, choose to do business. The big guys on the block prefer the old way: their agents usher clients door to door and show house after house. Frequently the houses are closely held listings on which the agents have exclusives, and they pocket a hefty 5%-to-7% commission on each sale. Today that clubby world is being shaken more and more by a handful of upstarts. Internet interlopers like...
...listings in the country on its Realtor.com Yet the industry has a keen interest in freezing out discounters and Web-based firms, which would like to put those listings on their own websites and offer them at discount commission rates. Cendant, which owns franchise rights to Century 21, Coldwell Banker and ERA--and is the industry heavyweight--submitted a paper to the real estate-industry trade group in 2003, warning that Web-based firms "present the potential to undermine the profitability of real estate brokerage firms and increase costs to consumers." Says Mark Panus, spokesman for Cendant's real estate...
Harvard named University President Lawrence H. Summers and other administrators, as well as board members of the management company, an investment banker and a lawyer, to the committee. It will not include any students...
Shakespeare didn't call his play Shylock: The Jew of Venice. The title character is Antonio, who rashly wagered his flesh as collateral for a loan. Shylock was simply Antonio's banker, whose humiliation--by lovely, quick-witted Portia--is irrelevant to the romantic intriguing that consumes most of the plot. But Shylock's injured majesty and his rough treatment by the play's putative hero and heroine have hijacked The Merchant of Venice and made it a showcase for great actors. In a production in which Laurence Olivier, say, or Dustin Hoffman took on Shylock, does anyone remember...
...President-elect's camp. So maybe it's no surprise that as the postelection euphoria subsides, even some close to the President-elect are worried about the challenges facing him. Does Viktor Yushchenko have what it takes? How pro-Western - and pro-democratic - is he? As a competent central banker in the '90s, he helped protect Ukraine from the impact of the Russian financial meltdown in 1998 and established the Ukrainian hryvnia as a stable currency. He then transformed himself into a low-key Premier, appointed in December 1999 in a deal to dissuade him from running for the presidency...