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On Aug. 17, the rules governing real estate agent commissions are changing. Some experts say the shift should eventually reduce costs for consumers.
The exact terms of an agent’s commission vary from sale to sale, and can depend on the region and which firm they work for. Let’s look at an example. A 5 percent commission on a $250,000 home ...
Here’s what real estate industry critics are saying. Agent commissions are getting more transparent — but critics still say the real estate industry operates as a ‘cartel’ Skip to main content
Flat-fee real estate agents charge a seller of a property a flat fee, $500 for example, [11] as opposed to a traditional or full-service real estate agent who charges a percentage of the sale price. In exchange, the seller's property will appear in the multiple listing service (MLS), but the seller will represent him or herself when showing the ...
The Texas Real Estate Commission (TREC) is the state agency that governs real estate practices in the state of Texas. The agency is headquartered at 1700 North Congress in Austin. [1] TREC is composed of nine members appointed by the Governor with the concurrence of the Texas Senate. The members are appointed for six-year terms, with the terms ...
The second map shows a partition of the counties into 12 regions of Texas, as defined by the Texas comptroller. The table, further below, reports currently listings by county, updated frequently. [a] Regions are defined by the Texas State Comptroller, who has partitioned the state into 12 regions for economic performance reporting, as shown here.
The David Rumsey Historical Map Collection is a large private map collection with over 150,000 maps and cartographic items. The collection was created by David Rumsey who, after making his fortune in real estate, focused initially on collecting 18th- and 19th century maps of North and South America, as this era "saw the rise of modern cartography."
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 ...