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Negotiate commission: In many cases, traditional real estate agents or brokerages may be willing to discount or reduce their fee — particularly with higher-priced homes.
The changes in the commission structure are expected to reduce commissions by 25% to 50%, according to TD Cowan, a financial services research firm. ... the changes could transform the real estate ...
Keep in mind, though, that Realtors may accept a lower commission for high-priced homes to earn a higher amount overall: Their piece of the pie may be smaller, but it’s a richer slice.
For decades, if you wanted a real estate agent to help you buy or sell a home, the model was static. At the close of escrow, the seller typically used their proceeds to pay a 5% to 6% commission ...
Technically, real estate commissions have always been negotiable. Practically, though, agents are more skilled at negotiating than their clients, and commissions have clustered in the range of 5 ...
But the average real estate commission rate has gone down in recent years to just under 5 percent of a home’s sale price, according to Real Trends, a real estate research and consulting firm ...
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 issue of real estate agent commissions found itself in the spotlight recently after a jury in Missouri found the National Association of Realtors, HomeServices of America and Keller Williams ...
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