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Rhonda Burnett, the lead plaintiff, testified about her experience with a real estate agent from HomeServices of America subsidiary ReeceNichols. According to Burnett, the agent gave her a contract to sign with a commission rate of 6% already filled in, and she was told that the rate was non-negotiable. [12]
The settlement reached by the National Association of Realtors (NAR) over real estate agent commissions could end up hurting an already beleaguered group: homebuyers.. The $418 million deal ...
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 ...
Shares of Zillow have dropped nearly 20% since Thursday as investors feared that lower commission rates for agents could lead to less business for the real estate platform.
RealtySouth was formed in 1955 by the merger of Johnson-Rast & Hays, Brigham-Williams, First Real Estate, and Ray & Company. In 2002, it was acquired by HomeServices of America, a holding of Berkshire Hathaway. [3] Since its founding in 1955, RealtySouth has served more than 125,000 buyers and sellers. [citation needed]
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.
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A leasing commission, or LC for short, is a fee paid by a commercial real estate landlord to a real estate broker in exchange for introducing a tenant that successfully completes a lease with the landlord. It is normally paid in the form of a percentage of the tenant's yearly rent.