Commission can be a confusing topic for anyone, whether you’re great with money or not. Maybe you’re considering a job with a commission structure or are currently in a field where commission is a big chunk of your compensation. If you’re not sure how it all works in the business wo...
Like many industries, there is a word that gets in the way of people doing the right thing. It is calledGREED! Real Estate is a commission-based business, and when a Realtor makes a sale, this is how they get compensated. Talking about Real Estate commissions is always a highly debated ...
Another reason average Realtor commissions have dropped is because of increased competition from discount brokers and flat-fee realty services, indicates Vrana. Discount brokers operate efficient operations and often reduce add-on services to enable lower commission rates. Flat-fee services have emerged ...
From my years of experience as a Realtor, I know that Hiring a buyer’s agent makes sense if you plan on buying a home. There are multiple reasons to do so, many of which we will cover here. Buying a home is one of the most significant purchases you will likely make in your life...
A case in point involved electronic signature fraud, where a realtor (real estate agent) who had access to a property owner’s electronic signature unlawfully sold their property without permission. (It’s important to note that electronic and digital signatures are distinct.) The misuse of ...
However, HomeLight’s data shows that a top agent can sell a home faster and for as much as 10% more than an average agent. Stress and effort comparison Whenever you sell a home, the process can exact an emotional and physical toll on the seller. Selling to a house flipper often ...
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Doing so would be a breach of their fiduciary duty to the seller, and it affects their commission if the price of the property declines, she said. "Signing the contract is the least of it; there's so many things that happen throughout the transaction that really require the expertise and...
The National Association of Realtors (NAR) is a national organization ofreal estatebrokers, known asrealtors, created to promote the real estate profession and foster professional behavior in its members. The association has its owncode of ethicsto which it requires its members to adhere. As of...
New rules for the National Association of Realtors, expected to take effect in July 2024, may lower commissions for home buyers and sellers. If a federal court approves the changes, the standard 6% commission ends and sellers no longer have to propose compensation to prospective buyers and their...