The powerful National Association of Realtors on Friday agreed to do away with the standard 6% commission rate for home sellers as part of a settlement over multiple lawsuits. The shift means that brokerage fees are expected to drop considerably. Elise Preston examines what this could mean for ...
Only a very small portion of Realtors work on salary — working on commission is much more common. For years, the typical going rate was 6 percent, split down the middle between thebuyer’s agent and seller’s agent. But it began to fluctuate with the advent of discount brokers and the...
During the community discussion, I advised that the 2025 budget package for Sanibel Arms West is now posted with our listing, as well as details about the change in their on-site rental program condo commission (now 15.75%, which still is less than the traditional off-site programs at 20%)...
There may also be more room for different kinds of agents to offer services at different rates: A highly experienced agent might charge the full 2.5% commission, while a rookie could work for a reduced rate for more cost-conscious buyers. Ultimately, the settlement could spell the end of the...
The full commission amount is typically paid by the seller. What's the difference between an agent, Realtor and broker? You may hear different terms, such as agent, Realtor and broker, and wonder what the differences are. Here’s a breakdown:...
and contacts. She truly deserves more than the typical agent commission. Her presence at the home inspection, her assistance with flooring estimates, and her advice on bank wire issues are just a few examples of her dedication. Sheila Cox is not just an agent she s a trusted advisor, a gu...