#real-estate-commissions

#real-estate-commissions

Today, there are several ways an agent's compensation can be structured, depending on what's agreed to in writing: Seller-paid commission: The seller may choose to pay their listing agent's commission and may also offer compensation to the buyer's agent, but this must be clearly disclosed and documented in the listing agreement. Buyer-paid commission: The buyer may agree to pay their agent directly, either as part of their closing costs or through a separate buyer-broker agreement.

According to the order, the court finds the settlements fair, reasonable, and adequate, and that they were negotiated at arm's-length by experienced counsel acting in good faith, including in several cases, mediation with a nationally recognized and highly experienced mediator. The order also notes that there has been adequate opportunity for discovery for experienced counsel to evaluate the claims and risks at this stage of the litigation, and that the class representatives have adequately represented the classes.

Portals, brokers and even trusted voices like Dave Ramsey, take their cut. A closed deal can be worth up to 40% of an agent's commission, or $10,000$12,000 on a $1 million home, just for an introduction. Zillow thrives on free brand traffic, while everyone else pays $2,000$3,000 per customer to compete. That moat is why new ideas never pencil. Why there's no price competition