No commission real estate A basic primer
Real estate commission has typically been calculated strictly as a percentage of a homes selling price. The real estate agent would earn that commission at a rate of five to six percent of the sale price, which many argue is much too high for so little work. One could agree with that assessment, particularly in sales transactions that go smoothly from start to finish and require very little effort on the part of the agent. However, there now exists an alternative to the traditional way of doing real estate business. You have the ability to eliminate real estate commission, at least from the sale side of the transaction, by using the Flat Fee Multiple Listing Service when selling your home.