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How do Realtor fees work?

How do Realtor fees work?

REALTORS are paid a commission when they sell a home. Historically, this commission has been 6% of the sales price. Although, the commission % can vary from state to state and among brokerages. Due to the changes in the real estate transaction, Sellers who list with Homebate can pay a reduced total commission to as […]

The Truth About Real Estate Commissions and Credits

The Truth About Real Estate Commissions and Credits

Real Estate commissions are a negotiable amount agreed upon between a Broker and a Principle (Seller) at the time of taking a listing. In recent years, real estate brokers and agents have tried to reduce real estate commissions in order to provide incentives to clients. Here's the true facts about the industry and real estate [...]
Which states currently ban rebates and/or inducements?

Which states currently ban rebates and/or inducements?

Ten states currently have laws that ban rebates. Nine states have a full ban on broker rebates: Alabama, Alaska, Kansas, Louisiana, Mississippi, Missouri, Oklahoma, Oregon, and Tennessee. In addition, Iowa prohibits rebates when the consumers use the services of two or more real estate brokers during a transaction. ** Indicates states that prohibit rebates. For […]

Home Rebates Make Buying a Home Less Expensive

Home Rebates Make Buying a Home Less Expensive

In purchases where home buyer’s brokers offer 50% commission, buyers are often able to pay $0 in closing costs and have a better chance to get their offer accepted in a Sellers market. A 50% rebate on the median-priced home in California would save a homebuyer $7,875. This Commission Credit can be used to pay […]