Under the long-held standard offered by the NAR with regard to Realtor commissions, home sellers have traditionally paid the commission of the buyer’s agent (typically 2%-3% of the sales price ...

How that will change the traditional 6% commission structure, typically split 50-50 between buyer and seller agents, is far from clear. Many real estate experts think it might not change it much ...

Without that 2-3% buyer’s commission propping up half my income, I am not sure the 11:30 p.m. phone calls, 6 a.m. texts, missing my daughter’s basketball game for an impromptu showing, and ...

A major settlement reached between the National Association of Realtors (NAR) and home sellers Friday could bring signficant changes to the real estate world. The full implications of the $418 mili… ...

Miller said commission fees should decline after the settlement, pointing to the existence of platforms like Zillow. It’s “too easy to search for homes on your own today,” he said.

For example, a 5% commission on a $250,000 home sale would be $12,500. However, I remind clients that the realtor’s commission covers valuable services.

For a home sold at $431,000, the national median price, the combined Realtor commission is about $23,000. Listing agents tend to receive commissions ranging from 1% to 4%, with an average of 2.83% ...

In late October, the National Association of Realtors was ordered to pay $1.8 billion in damages, in the most high profile of a series of antitrust lawsuits.

The average realtor® commission rate for 2020 is 5.656%. Average real estate commission rates have fluctuated over the years but have remained between 5% and 6% for nearly a century.