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This article originally appeared on ProPublica.
Sen. David Perdue, R-Ga., sold his Washington, D.C., home last year to a brokerage industry official whose organization is under the purview of a committee Perdue sits on.
The deal was made off market, without the home being listed for sale publicly.
Though an appraisal provided to ProPublica by the buyer found that Perdue sold for slightly under market value, four local real estate experts disagreed, telling ProPublica that the almost $1.8 million sale price Perdue garnered seemed high. Their estimates of the premium ranged from a few thousand dollars to as much as about $140,000. A fifth expert said the price was squarely fair market value.
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Georgia Republican Sen. David Perdue s off-market sale of his Washington home to an industry lobbyist whose organization is under the purview of the Senate committee he sits on is raising questions over whether the deal was a violation of Senate ethics.
The $1.8 million purchase, first reported by
ProPublica on Thursday, was made off-market, meaning the home was not listed publicly.
Perdue sold the Seventh Street property to Hillary Sale, a board governor for the Financial Industry Regulatory Authority, or FINRA, a privately funded self-regulatory body for the securities industry. FINRA falls under the purview of the Senate Banking Committee, which Perdue sits on.