Most buyers and sellers work with real estate agents. In exchange for their work, agents receive a percentage of the sales price known as the commission. Though it's the seller who is usually on the hook for the commission, the cost is generally factored into the listing price of the home...
Referral fees should not affect the services provided to clients by real estate agents. Agents have a fiduciary duty to act in their clients' best interests, regardless of whether a referral fee is involved. The primary concern should always be providing excellent service and meeting the client's...
In this do-it-yourself digital age, home sellers and buyers alike might wonder if they need Realtors — or, more precisely, to pay Realtor fees. Just how crucial are these agents to a successful real estate transaction? Well, a good agent is really pretty useful. Especially if you’rebuy...
For example, in real estate, agents can legally pay referral fees to licensed middlemen, but state and federal laws usually prohibit paying real estate referral fees to people without a real estate license. It’s best to make sure your specific industry allows referral fees before going any fur...
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Real Estate agents representing buyers must help with proper due diligence and research. What is a Condo? Acondominium, or condo for short, refers to a type of real estate ownership where individuals own a specific unit within a larger building or community. ...
The VA won’t allow buyers to pay attorney fees beyond title work, sales commissions for real estate agents, termite remediation letters, and lender’s fees beyond 1% of the loan amount. What credit score is needed for a VA loan?
With many agents taking commissions of anywhere between 1% and 3%, users stand to save thousands of pounds through selling fees. The new app puts homeowners in control of marketing their property. Users simply pay a small listing fee to promote their property o...
When renting or buying a property in Japan you may have to pay brokerage fees, or agent fees, to your real estate agent. The brokerage fees are defined under the Real Estate Transaction Business Law. Under this law, real estate agents cannot charge fees in excess of those specified. This ...
"In the past, agents were requesting and requiring almost 6% of the total sales price. With the new rules, we could see this drop to 3% or 4% of the total sales price," says Armstead Jones, strategic real estate advisor atreal estate platform HouseCashin. That suggests a rate closer ...