Brokerage Closing Sales Seller concession 
Housing Wire
MARCH 15, 2024
Mortgage pros have closely monitored the commission lawsuit developments since a Kansas City, Missouri jury determined that NAR, HomeServices of America , and Keller Williams conspired to inflate or maintain high commission rates through NAR’s so-called Participation Rule. Assisting homebuyers and their agents adds more to an LO’s plate.
The Close
DECEMBER 14, 2023
Gross commission income (GCI) is the full amount of money a real estate agent may receive in exchange for representing a buyer, seller, or both in a real estate transaction. GCI is generally calculated by multiplying the commission rate by the final sale price. Fill in your final sale price and commission rate below.
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Housing Wire
AUGUST 25, 2022
Home prices have remained stubbornly high , and there’s tens of billions of dollars in homes for sale beyond the conventional loan limits set by Fannie Mae and Freddie Mac. It comes at a time in which the housing market favors buyers and seller concessions become more frequent. Jumbo loan volume increased 3.1%
HomeLight
JULY 25, 2022
You’re wondering if there’s any way to save money on your sale, perhaps by using a flat fee broker. He explains that “A flat fee brokerage charges up front, typically a flat fee of $3,000-$5,000.” Given that you still pay 2%-3% of the sale price, can a flat fee broker still save you money and get your home sold?
Redfin
JULY 26, 2021
The average cost of selling a home in the US is approximately 10 – 15 percent of your home’s sale price. Though not mandatory, the presale inspection provides insight into what might need to be repaired and what may hinder a sale or cause it to fall through altogether. Almost always, the seller pays the total commission cost.
HomeLight
MAY 3, 2023
Depending on the price range of the home, I tell my clients that they need to be ready to spend 9%–10% of the sale price on selling costs, including the real estate agent commission and closing costs,” says Joanne McCoy , a top-selling real estate agent in Lincoln, Nebraska. of the property sales price.
HomeLight
JUNE 16, 2022
You’re likely wondering how much you might make on the sale, but also anxious about how much it will cost to make it happen. Days on the market or DOM is the number of days a property has been on the market from the time it’s listed for sale until the house is taken off the market with a signed contract. Get Estimate.
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