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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]
An expert real estate attorney and a real estate agent with experience in selling inherited or probate properties should be essential members of your team. “There’s always emotion involved ...
“[In] the rest of the world, the commission to sell a property is 2% to 3%. There's no reason the average cost of selling a property in the United States is 5.49%.” Read more: How to buy a house
Selling the property with a real estate agent also might make the process easier if you don’t live in the same city where the property is located. ... The real estate agent will get a commission ...
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 ...
As the Florida appellate court pointed out, "[w]e cannot rewrite Florida probate law to accommodate a Michigan attorney more familiar with the Uniform Probate Code." [ 4 ] The Uniform Law Commission does not list Florida as one of the states that has adopted the Uniform Probate Code.
A recent jury ruling could force home buyers to pay real estate commissions. But such an upending could lower home sales costs in the future. Lawsuit could turn real estate commissions upside down.
Florida property tax homestead exemption reduces the value of a home for assessment of property taxes by $50,000, so a home that was actually worth $100,000 would be taxed as though it was worth only $50,000. However, the second $25,000 of homestead coverage does not apply to the school portion of property taxes, and only applies to the third ...