"With introduced in 2024, the way these commissions are communicated has become clearer, giving both buyers and sellers more transparency and control over fees."
"Historically, sellers have paid for both their agent's commission and the buyer's agent's fees using the proceeds from the sale. Starting August 17, 2024, new rules will buyers to agree to their agent's commission rate in writing before touring."
"These commissions typically are expressed as a percentage of the property's sale price, and are only paid upon transaction completion, which underscores their importance in budgeting for home purchases."
"Real estate commissions in Colorado can vary depending on several factors, including the property's location, current market conditions, and the agent's service offerings. These rates are negotiable, allowing buyers and sellers to work out a fee structure."
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