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  2. How do real estate agent fees and commissions work? - AOL

    www.aol.com/finance/real-estate-agent-fees...

    A 5 percent commission on a $250,000 home sale would come to $12,500. But on a $1M sale, a commission at the same rate would come to $50,000. ... The brokerage’s cut. Real estate brokerages may ...

  3. Do you need a real estate agent to sell a house? - AOL

    www.aol.com/finance/real-estate-agent-sell-house...

    Instead of listing your home with a real estate agent, you could sell the property yourself. As of 2023, 7 percent of home sales were sold by their owners, according to NAR.

  4. Flat-fee MLS - Wikipedia

    en.wikipedia.org/wiki/Flat-fee_MLS

    Flat-fee multiple listing service or flat-fee MLS refers to the practice in the real estate industry of a seller entering into an "à la carte service agreement" with a real estate broker who accepts a flat fee rather than a percentage of the sale price for the listing side of the transaction.

  5. Multiple listing service - Wikipedia

    en.wikipedia.org/wiki/Multiple_listing_service

    A multiple listing service (MLS, also multiple listing system or multiple listings service) is an organization with a suite of services that real estate brokers use to establish contractual offers of cooperation and compensation (among brokers) and accumulate and disseminate information to enable appraisals.

  6. Listing contract - Wikipedia

    en.wikipedia.org/wiki/Listing_contract

    Open Agency: A seller can enter into an agreement to sell their property with more than one brokerage in open agency listings. The seller must pay a commission only to the brokerage which brings the buyer for the real estate. Typically, if the seller finds the buyer him/herself, the seller does not have to pay a commission. [1] [3]

  7. Real estate commission rules are about to change. Here's how ...

    www.aol.com/news/real-estate-commission-rules...

    On Aug. 17, rules surrounding real estate commissions are set to change thanks to a legal settlement between the National Assn. of Realtors and home sellers. Proponents hope the new rules will ...

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