© 2021
Radio Website Header-Waves 6 3.0.jpg
Play Live Radio
Next Up:
Available On Air Stations

Real Estate Commissions Soon to Collapse?

South Carolina Business Review logo

The majority of Americans’ wealth resides in real estate and the stock market. Over the past couple of decades, technology has helped bring the cost of investing in stocks down to almost zero.  The cost to buy and sell real estate, however, hasn’t much changed.  Our next guest, though, believes that lower real estate transaction costs are finally imminent.

Mike Switzer interviews Les Detterbeck, a chartered financial analyst in Charleston, SC and a member of the South Carolina chapter of the CFA Society.

Stay Connected
After almost 20 years, Mike Switzer retired from Wells Fargo Securities in 2001 as Senior Vice President/Investment Officer and Certified Portfolio Manager. In 1999, he and his wife, Maggie, purchased and operated for eight years the Baskin Robbins ice cream store on Forest Drive in Columbia. They grew the store from a bottom-tier operation in the Baskin Robbins franchise system to one in the top 5% nationwide within three years, tripling sales along the way. While operating the ice cream store, Mike and Maggie received patents for a portable ice cream sink and fold-down sneezeguard they invented and in 2002 started Magnolia Carts, an ice cream cart manufacturing company, which they sold in 2013.