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But the average real estate commission rate has gone down in recent years to just under 5 percent of a home’s sale price, according to Real Trends, a real estate research and consulting firm ...
Changes may soon be on the horizon for real estate commission rates after a Kansas City jury determined – in a $1.8 billion judgement in October – that commissions had been inflated and that ...
A landmark agreement would eliminate real estate brokers' automatic commissions of up to 6%, potentially saving home buyers and sellers thousands of dollars.
Technically, real estate commissions always have been negotiable — a theme NAR long has stressed. Practically, though, the picture gets complicated. Practically, though, the picture gets ...
For decades, if you wanted a real estate agent to help you buy or sell a home, the model was static. At the close of escrow, the seller typically used their proceeds to pay a 5% to 6% commission ...
The NAR has contended that agent commissions are negotiable and competitive, a claim the Justice Department has disputed in legal filings. SEE MORE: Report says homebuyers need to earn $47,000 ...
Real estate commissions: How much they are, how they work and who pays them. ... “In a situation like that there is greater flexibility to negotiate the commission — if you get $100,000 or ...
But in real estate, everything’s negotiable While home prices are not poised to drop right away, the commission changes could open up new money-saving opportunities for both buyers and sellers ...