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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. Real estate agent commission rules change Saturday.
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 ...
A change to the real estate commission structure is shaking the industry — and homebuilders and consumers appear to be the winners. ... Commissions on a $500,000 home sold in the US would be ...
Starting August 17, new rules will roll out that overhaul the way Realtors get paid to help people buy and sell their homes. The changes, which are part of a $418 million settlement announced in ...
The real estate industry is rolling out new rules for paying buyers' and sellers' agents beginning Aug. 17 in a move that advocates say could lower overall commissions, but also put pressure on ...
On the other hand, real estate sales is a relatively easy business to get into, as evidenced by NAR’s membership rolls of more than 1.5 million agents. To earn a real estate license, an agent ...
A landmark agreement would eliminate real estate brokers' automatic commissions of up to 6%, potentially saving home buyers and sellers thousands of dollars.
The NAR has contended that agent commissions are negotiable and competitive, a claim the Justice Department has disputed in legal filings. SEE MORE: Report says homebuyers need to earn $47,000 ...