Hanan Schlesinger, CEO of Anglo-Saxon, said that his real estate agency chain has a full electronic reporting system to record all deals and a fierce internal accounting system, making it virtually impossible for agents to engage in any black market activity.
"I believe that black market activity occurs mainly among privately-owned and small real estate brokers and less among real estate agency chains, but I don't believe that the black market figure, which is difficult to measure, is that high," he said.
