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Fees paid to Realtors during home sales in the United States average around 6% of the sale price, a percentage considered exceptionally high compared to rates in other developed countries such as Australia, Canada, and the United Kingdom. [3] [4] [5] Industry research shows that Americans pay $100 billion in commissions to real estate agents ...
“The idea is less commission means people will be willing to take less on their homes,” Gernelle Bokuniewicz, a Realtor and founder of Lively Real Estate in Volusia County, Fla., told Yahoo ...
A powerful real estate trade group has agreed to do away with policies that for decades helped set agent commissions, moving to resolve lawsuits that claim the rules have forced people to pay ...
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.
The National Association of Realtors has agreed to a landmark settlement that would eliminate real estate brokers' long-standing commissions, commonly of up to 6% of the purchase price.
The NAR currently represents about 1.6 million Realtors, with 90% of agents cashing in an average commission of 5% to 6% — equal to $100 billion in annual commissions.
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 ...
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 ...