Search results
Results From The WOW.Com Content Network
On Aug. 17, rules surrounding real estate commissions are set to change thanks to a legal settlement between the National Assn. of Realtors and home sellers. Proponents hope the new rules will ...
See today's average mortgage rates for a 30-year fixed mortgage, 15-year fixed, jumbo loans, refinance rates and more — including up-to-date rate news.
Amid record-high home prices and elevated mortgage rates, ... Traditionally, home sellers in the US have been responsible for paying real estate commissions. The standard 5% or 6% commission was ...
Long ago, 6 percent was the going rate for real estate commissions; 3 percent to each agent. But after decades of competition and regulatory scrutiny, the typical commission now is slightly less ...
The total commission would be $18,000, with each agent taking half, or $9,000. If you figure on making a 10% down payment — $30,000 — nine grand more is a lot of extra money most buyers don ...
August 16, 2024 at 6:00 AM. Real estate commission rules are changing Saturday. (Associated Press) On Saturday, industry rules governing real estate agent commissions will change — a shift some ...
Changes may soon be on the horizon for real estate commission rates after a Kansas City jury determined – in a $1.8 billion judgement in October – that commissions had been inflated and that ...
A 2005 study of real estate commission rates, reported that realtors tended to charge, "about 5 percent to 7 percent of a property's selling price...". More recently, CBS News, "60 Minutes" television news magazine reported in 2007 that competitive pressure resulting from a record number of licensed agents has driven down the average sales ...