The US Department of Housing and Urban Development (HUD) and the US Census Bureau begin publishing the American Housing Survey, which is now the source of much of the nation’s statistical and demographic information on housing.
RE/MAX (an acronym for Real Estate Maximums) is founded by Dave Liniger and Gail Main. The company is widely credited for shifting the balance of power between salespeople and brokers by popularizing the 100% commission concept.
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