December 2018
Intermediate to advanced
222 pages
6h 6m
English
Content preview from Blockchain Quick Start Guide
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Real estate trading and rental markets
In the US, realtors charge a broker fee, typically 5 to 6% of the selling price, for bringing a seller and a buyer together to make a real estate transaction. Lawyers charge hundreds of dollars for providing legal services to a buyer or seller. In New York city, a real estate broker typically charges a customer one month of rent, which is often thousands of USD, for facilitating a rental transaction. This is quite expensive compared to the limited services provided. Blockchain provides a much lower cost solution with the added value of providing transparency. A real estate blockchain network matches untrusted buyers/sellers or tenants/landlords for a deal. The scripted legal document, a smart contract, ...
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