Price Fixing By Real Estate BrokersAgreements that have an adverse impact on the competition is prohibited as per the antitrust laws. The practices that do not promote healthy competition, harm the consumers in the long term.Answer and Explanation: ...
Even in today’s mostly-recovered real estate market, a commission fee could result in an overall loss. So, are there any ways around paying that 6% fee, and why is it standard in the first place?
Well, I'd naturally think of my relationship with my mother. Whenever I need help, my mother is always there for me. She often tells me that I can be anyone I want, as long as I'm confident of myself. She sees my talent and pushes me to do the best I possibly can. As I was...
When it becomes illegal is when you and that other broker decide together that the price for representation is 6%, and require that all brokers in town charge the same price. Then it becomes non-negotiable, and you are price-fixing. Virginia Real Estate Agent Commission Example Commission is ...
Home appraisal reports reveal whether a sale price aligns with the current market value of a home. They are one of the most important documents in the real estate process. Definition of a home appraisal report A home appraisal report is a detailed assessment of a property’s value conducted ...
estate, the value or worth of a property. You stumble into this section of the Maine real estate site because you want top dollar. If you are a seller. Bottom line, lowest price. If you are the home buyer. Heading to Maine, to tell your how value is arrived at, what it’s worth...
Real estate agents are typically paid on commission. The amount that they earn from every sale is based on a property’s selling price. Standard commissions range between 6-10% of a home’s selling price, total. Both the buyer’s and seller’s agents receive 2.5-5% of the home’s selli...
As a whole, interest is one of the biggest deductions for rental property income tax. Repairs: Repairs are classified as projects that keep the property in “livable” condition and can be deducted from taxable income. For example, costs associated with replacing broken windows, fixing plumbing ...
Flipping, however, can be risky as there is no guarantee the price of the asset will increase during the short time frame. How Flipping Works Flipping is most strongly associated with real estate, where it refers to a strategy of purchasing properties and selling them on a short time frame ...
windows, do qualify as capital improvements. Renovations that are necessary to keep a home in good condition are not included if they do not add value to the asset. Examples of such non-qualifying repairs, according to the IRS, include painting walls, fixing leaks, or replacing broken ...