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The verdict in the NAR lawsuit has made it likely the real estate industry won’t be able to charge 5%-6% commission rates across the board, writes Stephen Brobeck.
The structure has kept average commissions near 5%, even though technology has made the home-buying process more efficient and the number of real estate agents has climbed, making competition more ...
The company was acquired by a management group in 1990 and changed its name again to United Country seven years later. [4] United Country Real Estate had approximately 150 franchises by 1997 and 300 by 1999. [4] This grew to 700 franchise members by 2007, when Dan Duffy and his investment partners acquired the company. [11]
August 16, 2024 at 12:00 PM. Real estate commissions have survived the rise of the Internet and decades of attacks from disruption-minded discounters. Now, finally, they might be coming down. A ...
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 average household size was 2.26 and the average family size was 2.91. In the city the population was spread out, with 25.0% under the age of 18, 8.5% from 18 to 24, 23.1% from 25 to 44, 21.0% from 45 to 64, and 22.4% who were 65 years of age or older. The median age was 40 years.
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