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Depending on the specifics of your transaction, that fee may be paid either by you or by the seller. Here are 12 essential questions to ask a Realtor when buying a house, from hiring them all the ...
According to the National Association of Realtors, in 2023 there were 4,090,000 million homes sold.And real estate agents are a key part of those transactions. "The home buying process is a ...
Buying a home is one of the major financial decisions you'll make in your life. And it's a moment when using your detective skills is essential. Asking the right questions to home sellers can ...
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 state of California has a standardized reporting format for the seller and their agent to comply with the law, as it is their responsibility to disclose. The seller and their agent are allowed to seek out a 'third party' (disclosure company, licensed engineer, land surveyor, geologist, or expert in natural hazard discovery) to prepare this ...
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RESPA was created because various companies associated with the buying and selling of real estate, such as lenders, real estate agents, construction companies and title insurance companies were often engaging in providing undisclosed kickbacks to each other, inflating the costs of real estate transactions and obscuring price competition by ...
Typically, each agent involved in the transaction (one for the buyer, one for the seller) earns somewhere between 2.5 and 3 percent of the home’s sale price as their commission fee.