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“[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
In the United States, most homes [1] are bought and sold using real estate agents affiliated with the National Association of Realtors (NAR), an industry lobbying group with over 1.5 million individual members. [2] NAR permits only its members to call themselves Realtors.
A landmark agreement would eliminate real estate brokers' automatic commissions of up to 6%, potentially saving home buyers and sellers thousands of dollars.
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 ...
Midland–Odessa is a metropolitan area located in The Texas Plains approximately half-way between El Paso and Fort Worth, Texas.This combined statistical area (CSA) is made up of two metropolitan statistical areas (the Midland MSA and the Odessa MSA) and one micropolitan statistical area (Andrews μSA), and comprises four counties: Andrews, Ector, Martin, and Midland counties.
A real estate license is an authorization issued by a government body to give agents and brokers the legal authority to represent a home seller or buyer in a real estate transaction. Real estate agents and real estate brokers are required to be licensed when conducting real estate transactions in the United States and in a small number of other ...
A real estate company owned by Warren Buffett’s Berkshire Hathaway has agreed to pay $250 million to settle lawsuits nationwide claiming that longstanding practices by real estate brokerages ...
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