Housing Wire
MARCH 15, 2024
Loan officers and mortgage executives expect home sellers and homebuyers to negotiate more aggressively on commission paid to buyer agents, potentially bringing costs down. He shows up for open houses and teaches courses at real estate brokerage firms, which allowed him to build relationships with agents throughout his career.
Housing Wire
MAY 14, 2024
More than 80% of recent buyers asked for at least one seller concession. The most frequently mentioned concessions were a lower asking price, funds to make repairs, and the ability to keep existing appliances or furniture. Some brokerages have already announced their intention to better illustrate the value of agents to clients.
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Housing Wire
MARCH 25, 2024
While this may be similar to how agents in some MLSs note that sellers are willing to provide concessions, Papasan made it clear that seller concessions and commissions are not the same thing. Seller concessions is money that is being given by the seller directly to the buyer,” Papasan said.
The Close
DECEMBER 14, 2023
Commission Rate (%) Home Sale Price Submit When & Why GCI Can Get Complicated The basic GCI calculation is pretty simple, but several situations can impact this otherwise straightforward formula, including your split, seller concessions, and more. A typical cap for a mid-sized, non-metro brokerage is between $20,000 and $30,000.
Housing Wire
NOVEMBER 23, 2022
Bianchi, who leads a mortgage brokerage of 12 loan officers, forecasts about 60% of their loans in November to close with a temporary rate buydown, up from last month’s 50%. “If “As a LO, you should be knowledgeable about temporary rate buydowns because it’s making up a majority of the loans now in this market,” Bianchi said.
Housing Wire
AUGUST 25, 2022
The company also launched temporary rate buydowns, which allows borrowers to receive lower mortgage rates at the beginning of their loan terms by using seller concessions as part of the payment. It comes at a time in which the housing market favors buyers and seller concessions become more frequent.
HomeLight
JULY 25, 2022
He explains that “A flat fee brokerage charges up front, typically a flat fee of $3,000-$5,000.” While sellers can save money on that side of the transaction, he cautions that they’re still paying the buyer’s agent commission of 2%-3% at closing. Input your address on the brokerage websites to find out what you are agreeing to pay.
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