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  2. Burnett v. National Association of Realtors - Wikipedia

    en.wikipedia.org/wiki/Burnett_v._National...

    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]

  3. Opinion: The 6% real estate commission is doomed - AOL

    www.aol.com/news/opinion-6-real-estate...

    The verdict in the NAR lawsuit has made it likely the real estate industry won’t be able to charge 5%-6% commission rates across the board, writes Stephen Brobeck.

  4. The future of real estate commissions - AOL

    www.aol.com/finance/future-real-estate...

    Hire a discount agent: A low-commission real estate agent will likely charge much less than a traditional agent would — usually 1 to 1.5 percent of your home’s sale price. (However, you might ...

  5. Why are real estate commissions 6%? – and why that may be ...

    www.aol.com/why-real-estate-commissions-6...

    Changes may soon be on the horizon for real estate commission rates after a Kansas City jury determined – in a $1.8 billion judgement in October – that commissions had been inflated and that ...

  6. Remortgage - Wikipedia

    en.wikipedia.org/wiki/Remortgage

    A remortgage (known as refinancing in the United States) is the process of paying off one mortgage with the proceeds from a new mortgage using the same property as security. [1] The term is mainly used commercially in the United Kingdom , though what it describes is not unique to any one country.

  7. Real estate agents and brokers - Wikipedia

    en.wikipedia.org/wiki/Real_estate_salesperson

    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 ...

  8. Real estate commission rules are about to change. Here's how ...

    www.aol.com/news/real-estate-commission-rules...

    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 ...

  9. Subprime lending - Wikipedia

    en.wikipedia.org/wiki/Subprime_lending

    Subprime borrowers have credit ratings that might include: limited or no debt experience; limited or no possession of property assets that could be used as security (for the lender to sell in case of default); excessive debt; the known income of the individual or family is unlikely to be enough to pay living expenses, plus interest and repayment;

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