Prof. Cox Quoted in Star Tribune on Real Estate Closing

Professor Prentiss Cox was quoted in a Star Tribune article about referral practices in the real estate industry. The article was part of multiple Star Tribune articles about the practice of real estate brokers referring clients to affiliated title and closing companies, or such companies that provided the broker benefits. Cox noted that this practice raises issues about the broker’s fiduciary duties. He stated that consumer lack of understanding about the ability to shop for real estate title and closing services is a major market problem.