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Posts: 157
The 6% commission on buying or selling a home is gone after Realtors association agrees to seismic settlement -- (link)
Posted by
oblique (aka kkuphal)
Mar 15 '24, 13:54
(No message)
https://finance.yahoo.com/news/realtor-settlement-commission-fixing-could-141747151.html
(finance.yahoo.com)
Responses:
I so don't live in an average real estate market: For the average-priced American home for sale — $417,000
-
JD
Mar 15, 15:29
As the spouse of a realtor, I put this in the category of "be careful what you wish for". Buyers will now have to pay their agents instead of having
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pmb
Mar 15, 14:43
3
As someone who bought a house for sub $250k, 6% is honestly not terrible. I would have been happier at 5% because I did all of my own research
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amandaphone
Mar 15, 19:29
1
The percentage has always been negotiable, but generally the 6% or 5% is shared between buyer and seller agents. Often to get a deal done a broker
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pmb
Mar 15, 19:36
*blink* This. The whole point about having to potentially finance a fee outside of loan financing will be come clear to purchasers soon
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JD
Mar 15, 15:22
nearly all realtors are commissioned via a broker (Gaudy Colored Jacket Name Brand) and split commissions like multi-level marketing sales)
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zeitgeist
Mar 15, 14:13
i mean, good? but sucks to be an agent today sounds like: "By some estimates, real estate commissions are expected to fall 25% to 50%" -- nm
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hollywood big shot
Mar 15, 13:57
2
Oh no. 🤷🏻♂️ When it comes to the rental market they're a scourge on our society. -- nm
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Krusty
Mar 15, 14:00
1
*increases rental fees to make up for not being able to screw over homebuyers as much* -- nm
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Realtors, probably
Mar 15, 14:16
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