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Buyers now will have to shoulder the cost of hiring a real estate agent due to a settlement the National Association of Realtors (NAR) agreed to earlier this year.
When a real estate transaction is completed, the agents involved each earn a percentage of the home’s sale price. This amount typically runs somewhere between 2.5 and 3 percent.
(The Center Square) – Despite a recent lawsuit affecting real estate commissions, a new survey shows home sellers still prefer hiring a real estate agent for the transaction. In the settlement ...
A real estate transaction is the process whereby rights in a unit of property (or designated real estate) are transferred between two or more parties, e.g. in the case of conveyance one party being the seller(s) and the other being the buyer(s). It can often be quite complicated due to the complexity of the property rights being transferred ...
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 ...
Here are 12 essential questions to ask a Realtor when buying a house, from hiring them all the way through closing on your new home. What to ask when you’re hiring a Realtor
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