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2. Real estate agent - Wikipedia

   en.wikipedia.org/wiki/Real_estate_agent

   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 ...

3. California Department of Real Estate - Wikipedia

   en.wikipedia.org/wiki/California_Department_of...

   A real estate license must be obtained from the DRE in order to engage in the real estate business and to act in the capacity of a real estate broker or salesperson within the State of California. Before applying for a license, all education and experience requirements mandated by the Department must be fulfilled. [ 5 ]

4. Flat-fee MLS - Wikipedia

   en.wikipedia.org/wiki/Flat-fee_MLS

   While the DOJ and FTC monitor and challenge real estate laws or changes to law perceived as anti-competitive in all States, this Press Release from April 2005 is an example of their effort: "The Department of Justice and the Federal Trade Commission (FTC) issued a joint letter urging the state-created Texas Real Estate Commission to reject a ...

5. The hefty commissions home sellers pay to real estate agents ...

   www.aol.com/finance/hefty-commissions-home...

   For instance, the Real Estate Board of New York, or REBNY, announced that, beginning next year, seller’s agents can’t make an offer of compensation or directly compensate a buyer's agent.

6. Americans pay $100 billion in real estate commissions ... - AOL

   www.aol.com/finance/americans-pay-100-billion...

   The lawsuit (and two others) could lead to a 30% reduction in the $100 billion that Americans pay each year in real-estate commissions, said Ryan Tomasello, a real-estate industry analyst with ...

7. Closing costs - Wikipedia

   en.wikipedia.org/wiki/Closing_costs

   The listing broker may offer buyer agents a portion of their commission as an incentive to find buyers for the property. Payment is required if real estate brokerage service was used. This is often one of the largest closing costs. Mortgage application fees, paid by the buyer to the lender, to cover the costs of processing their loan ...