#real-estate-commissions

#real-estate-commissions

This as-told-to essay is based on conversations with Vicki Lynn, 67, a physical therapist assistant who relocated from California to Florida and used AI-powered platform Homa to draw up her contract without the help of an agent. Homa charges a flat rate of $1,995 for transactions with a selling agent. The conversation has been edited for length and clarity. I like being a part of new ideas and more innovative ways of doing things.

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.