For example, selling a home worth $1 million would rake in $60,000 in commission for the selling agent involved. That fee was then usually shared with the buyer's own real estate agent.

Nearly a year after the NAR commission lawsuit settlement went into effect, industry leaders reflect on what’s changed — and ...

Colson, who is 57 years old and retired from the Navy, said a Realtor in Maryland still advised him to offer the standard 6% commission split between his agent and a buyer’s agent when selling ...

The National Association of Realtors (NAR) agreed to new rules around real estate commissions as part of a lawsuit settlement in March. As of August 17, they’re actually rolling out — and ...

The commissions are then paid out of the seller’s proceeds. “So you think that the seller pays for it, but the money came from the buyer, and all of that was already in your price upfront ...

So long, 6% commission. For decades, real estate commissions have been somewhat standardized, with most home sellers paying 5% to 6% commission to cover both the listing agent and the buyer’s agent.

If you agree to giving your realtor the customary 6% commission, that’s $12,000. Since the 1990s, that commission has been split with the buyer’s agent.

Realtors Resist Changes in Commissions Real estate industry insiders say it’s time for agents to face a new reality of discussing fees with buyers and sellers. Share full article 712 Kathleen Fu ...

Welcome to The Hill’s Business & Economy newsletter {beacon} Business & Economy Business & Economy The Big Story Realtor group to cut commissions in major settlement The National Association of ...

A proposed settlement in a case that pitted a group of home sellers against the National Association of Realtors could result in home-price reductions. The settlement, in which the NAR would pay $4… ...

Real estate prices: Will home prices fall after Realtor lawsuit settlement? You shouldn't count on it. It’s commonly acknowledged that the 5-6% sales commission was “baked into” the sales price.

RedFin Real Estate, for example, usually offers a commission rate of 4% — with 1% towards the seller’s agent and 3% towards the buyer’s agent. These rates are estimated, since fees are still ...