This lawsuit was brought by a group of disgruntled rental agents at Jacob Realty seeking to recoup lost overtime and minimum wages. As is customary in the industry, Jacob Realty classified the agents as independent contractors, paying them on a commission-only basis and making them responsible fo...
Alternatively, you could consider working with alow-commission real estate agent, who will likely charge much less than a traditional agent would (usually 1 to 1.5 percent of your home’s sale price). However, since they’re receiving a smaller commission on each property, these agents are typ...
The lawsuit by the National Association of Realtors is sending shockwaves throughout the country, but as one local real estate agency explains, there's really not that much shock. Bill and Robin Mongeau appeared on WIBX's Keeler in the Morning Show on Tuesday to explain what the new rules...
The lawsuit by the National Association of Realtors is sending shockwaves throughout the country, but as one local real estate agency explains, there's really not that much shock. Bill and Robin Mongeau appeared on WIBX's Keeler in the Morning Show on Tuesday to explain what the new rules...
In the current structure, an agent who represents a homebuyer would be paid a commission by the seller as part of the total home sale price. “I think a lot of buyers’ agents haven’t had to demonstrate their value to clients as much as sellers’ agents,...
How real estate agent commissions work, average rates nationwide, when payment will be due, and what services to expect in return.
Does the declining in real estate commission rates encourage homeowners to hold onto their homes for longer? Besides real estate agents, is anybody else agains the real estate commission price fixing lawsuit? For those interested investing in residential real estate in lower-cost areas, exploreFundris...
NAR agreed to pay $418 million over four years and, more crucially, to slash the standard real estate commission rates that have long been a hallmark of the industry. This settlement, set to go into effect on August 17, could dramatically reshape the financial landscape for...
Traditionally, agents were paid a percentage of the property’s sale price through commission. The more the house sells for, the more money the agent makes.2However, payment arrangements for real estate agents are changing, with online listings allowing consumers to do much of the shopping on t...
Traditionally, agents were paid a percentage of the property’s sale price through commission. The more the house sells for, the more money the agent makes.However, payment arrangements for real estate agents are changing, with online listings allowing consumers to do much of the shopping on the...