The 6% commission on buying or selling a home is gone after Realtors association agrees to seismic settlement | CNN Business
The 6% commission on buying or selling a home is gone after Realtors association agrees to seismic settlement | CNN Business
The 6% commission, a standard in home purchase transactions, is no more.
Great! Good news to fuel an already decent morning! Thanks
I’m still reading through all the news on it. I think it’s good for everyone except realtors. Housing cost have escalated quickly over the last few years and I’ve always found 6% non-negotiable. That’s been the issue. They are a monopoly in the market
The other thing that’s “artificially” driving housing prices up is the consistently constrained supply enforced by overeager zoning and labyrinthine permitting processes.
There are many things that caused the slow creep over the year. The last three years have sky rocketed the cost.
Historically homes are suppose to grow at the rate of inflation. Maybe slightly higher.
I wish both parties would team up to fight the rapid cost increase. Otherwise there will be a few generations who can’t own a home.
I've bought and sold several houses. It always seemed like the goal was to LIST your house. Then without doing any work that person got 3% of the total selling price.