Rethinking Commissions: The Need for Reform in U.S. Real Estate
Here’s how it typically works today: in a real estate transaction, you, as the seller, pay commissions to both your agent and the buyer’s agent. As an example, for a $500,000 house, each agent usually takes about 3%, which totals $30,000 deducted from your proceeds. Paying a 3% commission to your own agent seems reasonable … Read more